Answer:
The correct answer is -Descriptive.
Explanation:
The descriptive comment, as the name implies, makes a description of some element. You can focus on a person, an animal, a landscape, an object or a situation, to name a few possibilities.
Feature enumeration is the main feature of descriptive comment. While a narrative comment relates events and an argumentative text provides reasons, a descriptive comment focuses on the mention of particularities for the construction of a representation of the element in question.
Answer: Jimmy's Peanut Farm has to decrease its prices by 2.5% in order to achieve a 1% increase in the quantity of peanuts it sells.
Jimmy's Peanut Farm can increase the quantity sold by 1% only when the demand for peanuts increases. Demand for peanuts will increase only when the price of peanuts decrease. The Price Elasticity of Demand measures the responsiveness of demand to a percentage change in price.
The formula for Price Elasticity of Demand (PED) is given by the formula:
We have:
Percentage increase in quantity 1% or 0.01
Price Elasticity of Demand (PED) 0.40
Re-arranging the PED formula above we get,
Substituting the values in the equation above we get,
Answer:
True
Explanation:
The work of software developers is quite tough and confusing that is why the system of language was created to help them in their work. The system of language is known as a unified modelling language, it uses various diagrams to help them in solving various complex problems. This language provides a standard way to visualise the concepts that is why it is a logical structure of a database system.
The following will cause an increase in producer surplus is <u>the price of a substitute increases</u>.
What is surplus?
The amount of an asset as well as resource that is over the amount that is being actively used is referred to as a surplus. Income, profits, capital, and goods are just a few of the numerous things that can be referred to as a surplus. A surplus in the context of inventories refers to items that are still unsold and on store shelves. When income is earned and expenses are paid, there is a surplus in a budget. When there is excess tax revenue once all government programmes have been fully funded, governments can also experience a budget surplus. It's not always preferable to have a surplus. For instance, a producer who overestimates future demand for a particular product might produce too many unsold units, which could subsequently contribute to quarterly as well as annual financial losses.
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