Seven major elements of communication process are:
(1) sender
(2) ideas
(3) encoding
(4) communication channel
(5) receiver
(6) decoding
(7) feedback.
Answer:
The explicit cost of flight includes cost of fuel, maintenance cost, payment to pilot.
Explanation:
The explicit costs are the direct costs incurred during the process of production or business. Here, the payments made to the pilot will be a variable cost, the cost of fuel, etc will be explicit cost.
The marginal explicit cost is the increase in the explicit cost with an additional output. The incremental cost of flight correctly determines the marginal explicit cost.
Opportunity cost is the cost of sacrificing the alternative. Here, the marginal opportunity cost will be the revenue that the firm would have earned by renting the flight to other firms or individuals.
Answer: a. The y-axis intercept would decline, and the slope would increase.
Explanation:
The security market line is simply refered to as the graphical representation of a CAPM which is the capital asset pricing model and it simply shows the market risk, of the securities in the market which is then plotted against the market return.
When the expected inflation rate decreases and the investors also become more risk averse, the Security Market Line would be affected, as the y-axis intercept would decline, and the slope would increase.
If government regulation sets the maximum price for a natural monopoly equal to its marginal cost, then the natural monopolist will earn economic losses. This is further explained below.
<h3>What is
government regulation?</h3>
Generally, government regulation is simply defined as regulations established by the government that serve to outline the parameters within which certain actions are considered lawful.
In conclusion, Most rules are written in plain English.
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Explanation:
example of something that is inelastic is a type of cancer medication
