Answer:
There is a missing part of the answer in all the options as there are three spaces to fill and only two part of the answers are provided in all the options.
Hence the correct answer would be ---
increase; normal; reinforces
which may be considered as answer option e). normal; reinforces where 'increase' is missing.
Explanation:
The utility-maximizing model is a model theory of a consumer which shows how consumers try to allocate their income money. It is believe that every customer is a rational being and try to get the optimized value for their money spent. Consumers' resources are limited so that their incomes are also limited. Consumers have budget constraint.
According to the Utility Maximization theory, every consumers try to decide to spend their incomes so that the last pie spent on a product yields an amount which is equal to the extra marginal utility.
Thus a utility-maximizing consumer, Jane who is spending his income on wallets and eyeglasses will increase the purchased of wallets, when the price of the wall decreases, if the wallets are considered a normal good and the income effect of Jane will reinforces the substitution effect.
Therefore the answer is ---
increase; normal; reinforces
the likely reasons that the market for dress shirts is not perfectly competitive are<u> dress shirts are not a standardized (homogeneous) product.</u>
<h3>
What is being perfectly competitive?</h3>
A perfectly competitive market, often referred to as an atomistic market, is defined by multiple idealizing criteria, which are together referred to as perfectly competitive, or atomistic competition, in general equilibrium theory.
It has been shown in theoretical models with perfectly competitive that a market will find equilibrium when the amount supplied for each good or service, including labor, equals the amount sought at the current price.
A Pareto optimal equilibrium would be this one. Perfectly competitive marketplaces are not always productively efficient in the short run because the output does not always occur where marginal cost and average cost are equal.
Long-term productive efficiency, however, comes about as new businesses enter the sector. Price and cost are lowered to the minimum of long-term average costs due to competition.
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The answer to this question is explained below.
Explanation:
The term photosynthesis is made up of two words, One is photo and the other is synthesis.
- Photo means Light
- Synthesis means to put together
The word Photosynthesis is merely used in plants feeding. Photosynthesis means to put together or blend or mix the light energy into the plants.
In photosynthesis, the plants absorb the sunlight and break it down into the energy, which is then absorbed and taken by the plants as food.
That is why all plants need to be exposed to the sunlight so that they can take their food from it.
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The correct answer is letter D
A production process is a system of actions that are dynamically interrelated and that are oriented towards the transformation of certain elements.
Answer:
The increasing wealth of the nobility and the church was reflected in the widespread building of cathedrals and other prestigious buildings in the larger towns, in turn making use of lead from English mines for roofing. Land transport remained much more expensive than river or sea transport during the period.
