<span>This process of seeking information and leaving the data that do not help is called as Confirmation bias. This can be a search of information or interpretation of the data that suit satisfies the already existing belief system. This is simply said as "people will believe what they want to believe".</span>
The firm experiences economies of scale at which output levels output levels less than M.
A firm experiences economies of scale when as quantity produced increases, total cost reduces. This is because total cost associated with production is spread out over a large quantity of goods.
A firm experiences economies of scale at the downward sloping part of the long run average total cost curve.
A firm experiences constant returns to scale between M and N of the long run average total cost curve.
A firm experiences diseconomies of scale at the upward sloping part of the long run average total cost curve.
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<span>b. $16,400........ would be your answer</span>
While overuse of fossil fuels will cause pollution, world without them is also difficult. A balance is required.
Explanation:
- Without fossil fuels vehicle transport for conveyance does not happen, food won't be transported, and thus life may come to standstill. It will take sometimes, centuries for the alternative sources to replace fossil fuels.
- Overuse will cause pollution to happen and the fossil fuels getting depleted. We already found that if fossil fuels are not there, world will come to standstill. Therefore, cannot deplete them.
- Balanced usage, usage with caution, and development of alternative sources are the ways to tackle the problem. These are the implications of the statements.
Answer:
$8.93
Explanation:
The payment made to the stockholders is known as dividend.
Price of the stock can be determined by calculating the present value of all future expected dividends using cost of capital.
In this question $1.25 per share dividend is paid and rate of return / cost of capital is 14%, so price of stock will be calculated as follow.
Price of the share = Dividend / Cost of Capital = $8.93
Price of the share = $1.25 / 14% = $8.93