The price-elasticity of demand coefficient measures the percentage change in demand compared to the percentage change in price. This is on a scale up to 1, with 1 meaning the demand is perfectly elastic and every change in price results in a significant change in demand.
Answer:
A mixed economy minimizes the disadvantages of a market economy.
Explanation:
A market economy could neglect areas like defense, technology, and aerospace. A larger governmental role allows fast mobilization to these priority areas. The expanded government role also makes sure less competitive members receive care.
Answer:
Check the explanation
Explanation:
Rachel Carson received numerous attacks by agricultural and chemical industries due to the book she wrote called -Silent Spring', where she explained the repercussions to the atmosphere and that of human health in the using pesticides.
She has been tagged as a radical and unqualified scientist whose knowledge about science is limited. She was also accused of wanting to protect the lives of all the insects that spread diseases in humans and plants.
However, if we read concerning whom Rachel Carson was and what she stood for, we’ll notice that the arguments in various quarters are completely misguided.
She was an exceptional scientist and a writer on science topics, she investigated and cautioned on how the chemicals that government spread in the farms to kill pathogens insects, are also dangerous to all living things including humans.
Some of the chemical industry representatives even in this present time still do not concur with her; they are only concerned how to produce and sell more chemicals and they don’t even worry about their environmental consequences and damage. This is reason they prefer to berate her work and researches.
<u>When the average product of labor is decreasing, the marginal product of labor is less than average product of the labor.</u>
Explanation:
whenever the marginal product of labor is greater than the average product of labor the average product of labor must be increasing.
Average Product of labor is defined as the total output that a firm produces divided by the amount of workers required to produce that output.
Marginal Product of Labor is defined as the additional output produced by a firm because of hiring extra workers .
Production function is defined as the inputs used by a firm and the maximum output a firm can produce by employing those inputs
<u>Thus we can say that When the average product of labor is decreasing, the marginal product of labor is less than average product of the labor.</u>
COMPLETE PROBLEM
Lana, a ten-year-old child, is run over by a car negligently driven by Mitchell. Lana, at the time of the accident, was acting reasonably and without negligence. Clark, a newspaper reporter, photographs Lana while she is lying in the street in great pain. Two years later, Perry, the publisher of a newspaper, prints Clark's picture of Lana in his newspaper as a lead to an article concerning the negligence of children. The caption under the picture reads: "They ask to be killed." Lana, who has recovered from the accident, brings suit against Clark and Perry. What result? Explain.
Explanation:
Judgement for Lana against Perry but not against Clark. The facts make out a case against Perry for the tort of invasion of privacy in particular placing another in a false light (INVASION OF PRIVACY:FALSE LIGHT). Section 652E of the restatement imposes liability for publicity which places another in a false light. It is unlikely that Perry could utilize the first amendment as a defense because Lana was neither a public official nor a public figure. Even if that defense were available, it is forfeited if Perry acted with "malice", which appears to be the case here because Perry acted in reckless disregard of the truth. Clark did not commit the tort of intrusion because he photographed an event that occurred in public.
