Answer:
Option (2) is correct.
$20; 800
400;400
Explanation:
Given that,
Demand for apples in the U.S. : Qus = 800 - 20P
Foreign Demand for apples: Qf = 1200 - 40P
World Demand for apples, Qwd
= Demand for apples in the U.S. + Foreign Demand for apples
= Qus + Qf
= 800 - 20P + 1200 - 40P
= 2,000 - 60P
Equilibrium price for apples is at a point where the world supply is equal to the world demand for apples:
Qwd = Qws
2,000 - 60P = 200 + 30P
1,800 = 90P
P = 20 ⇒ world equilibrium price for apples
Therefore,
world supply of apples is Qs = 200 + 30P
= 200 + 30(20)
= 200 + 600
= 800
At equilibrium Pw = $20
Demand for apples in the U.S. : Qus = 800 - 20P
= 800 - 20(20)
= 800 - 400
= 400
Answer:
See below
Explanation:
Marginal cost is the expense associated with the production of an extra unit. It is the cost incurred by a business should it produce one more unit.
Marginal benefit is the gain resulting from the sale of one more output. It is the revenue earned from the sale of an extra unit of output.
Marginal benefit is compared to marginal cost to determine if producing and selling an extra unit is profitable or not. If the marginal benefit is greater than marginal cost, selling an extra unit is profitable. In making economic decisions, production should continue as long as the marginal benefit is greater or equal to marginal cost. It must stop when marginal cost is more than marginal benefit.
Answer:
cyclical
Explanation:
The keywords here are "during an economic downturn".
If the worker leaves the rural job temporarily (for one season/year for example), it's a cyclical change because he will return to his original occupation later when favorable conditions have returned
However, if that situation persists over a longer period of time, it will become a structural change and will cause a change of the structure of the work force, and a decline of the agricultural sector.
Without any further indication, I would go with cyclical.
<u>A seasonal unemployment</u> is for example an agricultural worker who doesn't have anything to do because of Winter. But he'll have work again once Winter has passed. Same concept for fishermen and tourism workers.
Answer:
Material breach
Explanation:
It is more likely due to a material breach. Material breach of agreement is a break that strikes so profoundly at the core of the agreement that it renders the understanding and nullifies the point of making the agreement in any case. The breach must go to the very foundation of the understanding between the gatherings.
It is different because people actually have the option of correcting the information or putting false things too.