Answer:
I believe this would be D
Explanation:
I say that it is D because it is asking about what they would do under certain circumstances and or situations to see what they would say
Answer: C) total surplus is maximized.
Explanation:
Total surplus refers to the sum of both the producer and the consumer surplus.
When allocation of resources is efficient, it means that the total surplus is maximised because the price that is being charged is the same as the equilibrium price that is required.
At this point, all participants in the market will be better off which means both producers and consumers will be better off.
Answer:
During each phase of the economic cycle of Recession and Expansion, the following economic variables fluctuate, accordingly:
I. Output: During Recession, production output reduces. But, during expansion, product output rises with rising income, employment, and even stable inflation.
II. Employment: During phases of economic Expansion, employment rises, while it contracts during the phases of Recession.
III. Inflation: Due to rising income and output during economic expansionary periods, inflation rate also rises. It reduces when the economy enters a recession.
Explanation:
Business or Economic Cycle describes the recurrent, but not periodic, sequence of changes in the aggregate economic activities of a nation. It usually cascades between the spectrum of expansion and recession. This means that there is an alternation of the phases of economic cycle between expansion and contraction (recession) when the aggregate economic activities may rise or decline due to the equal movement of economic variables like the GDP output, employment, income, and sales.
Answer:
y = (x / 100) + 100
Explanation:
First, we need to know the amount of money that it spends on advertising for each extra unit sold. That would be equal to: 2,500 / 25 = 100
This value will be the divisor of the advertising expense (x) to obtain the variable factor of the number of units.
Since 100 units are already sold without investment, this value is taken as fixed and added.
And with the previous data, the formula remains:
y = (x / 100) + 100
Answer:
C
Explanation:
The president appoints a nominee to a judgeship, and then the Senate confirms the nominee.