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ivanzaharov [21]
3 years ago
9

Elle, an adolescent, believes that government should pay for citizens' health care. from this premise, she reasons about the par

ticulars of how and why government-funded health care would work. this is an example of
Business
1 answer:
harina [27]3 years ago
8 0

This is an example of<u>  "deductive reasoning".</u>


Deductive reasoning is a coherent procedure in which a conclusion depends on the concordance of numerous premises that are commonly thought to be valid.  

Deductive reasoning is sometimes alluded to as top-down logic. Its partner, inductive thinking, is some of the time alluded to as base up rationale. Where deductive thinking continues from general premises to an explicit end, inductive thinking continues from explicit premises to a general end.

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The increase in total revenue that results from selling one more unit of output is A. marginal revenue. B. average revenue. C. m
egoroff_w [7]

Answer:

(i) Option (A) is correct.

(ii) Option (A) is correct.

Explanation:

(i) Marginal revenue refers to the change in total revenue obtained from the sale of an extra unit of a commodity. It is calculated by differentiating total revenue with respect to output. It is shown as:

Marginal\ revenue=\frac{dTR}{dq}

where,

TR = Total revenue

q = output

(ii) In a perfectly competitive market, price is equal to both average revenue and marginal revenue. Since, firms in a competitive market are not required to reduce the price of their product for selling more number of units. Hence, the average revenue remains the same at all the level of output. That's why average revenue in equal to the price under perfect market conditions.

Therefore, every additional unit of an output is sold at a same price, so the marginal revenue obtained from an extra unit is constant and hence, price is equal to the marginal revenue.

4 0
3 years ago
What is the author's main claim or argument?<br> Pizza is the best
lys-0071 [83]
I hate pizza. it’s grosssdd
3 0
3 years ago
Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as foll
gavmur [86]

Answer:

1-a. ACME corporation is 1.26

Wayne corporation is 1.09

1-b. ACME corporation

Explanation:

                                     ACME ($ in millions)               Wayne ($ in millions)

Total current assets          $ 12,987                                 $ 8,258

Total current liabilities      $ 10,301                                  $ 7,545

1-a) Formula for calculating current ratio: Current ratio = Current assets ÷ Current liabilities

ACME corporation, current ratio = $ 12,987 million ÷ $ 10,301 million  = 1.26

Wayne corporation, Current ratio = $ 8,258 million ÷ $7,545 million = 1.09

1-b. The higher the current ratio, the better the liquidity position. ACME corporation has the better ratio.

5 0
3 years ago
Make sure that your changes do not ___ your clients.
WARRIOR [948]
Affect your clients.
5 0
3 years ago
What is the difference between a callable bond and a convertible bond?
lisov135 [29]

Explanation:Convertible bonds. Are corporate bonds that can be converted by the holder into the common stock of the issuing company.

Callable bonds. Called provision option held by the company to repurchase the bond at specific price. Is also called redeemable bonds, jump up etc. While most callable bonds are coupon bonds.

There are no big differences between the two, convertible bonds are often callable, eg corporate bonds can be convertible/callable or the both.

4 0
3 years ago
Read 2 more answers
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