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Shkiper50 [21]
3 years ago
10

In the country of Normian Republic, an individual's right to own land is restricted to a large extent on the basis that it runs

counter to "the common good." In this context, which of the following is most likely to be the political system adopted by Normian Republic? (A) Individualism (B) Democracy.(C) Collectivism.(D) Capitalism.(E) Protectionism
Business
1 answer:
Kobotan [32]3 years ago
4 0

Answer:

The correct answer here is C) Collectivism .

Explanation:

The political system adopted by Normian republic here is of collectivism, which is a theory that is closely related to communism. According to this theory , the main idea is that power should be held by people as a whole , rather than in hands of few individuals, and welfare of the society should be given priority over the welfare of an individual.

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Answer:

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Answer: Price charged = $30

<u>Part b: What are the profits for Dumphy and Funke at the equilibrium price?</u>

Answer: Profit on equilibrium price = $0

<u>Part c: What type of competition would Funke and Dumphy likely engage in after the decrease in demand?</u>

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Explanation:

<u>Part a:  What will be the equilabrium price that Dumphy and Funke will charge?</u>

Answer:

Price charged by each of the artists will be equal to their marginal cost.

Thus, equilibrium P = MC = $30.

<u>Part b: What are the profits for Dumphy and Funke at the equilibrium price?</u>

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Equilibrium profits will be 0 at the equilibrium because price charged is equal to MC, leading to no profits.

<u>Part c: What type of competition would Funke and Dumphy likely engage in after the decrease in demand?</u>

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Price competition - as changes in price will lead to changes in demand and thus sales

5 0
3 years ago
Originally attributed to the Greek philosopher Aristotle,______ _____
STatiana [176]

Answer:

Virtue Ethics

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Hence, VIRTUE ETHICS refers to a concept of living one's life according to a commitment to the achievement of a clear ideal-what sort of person would I like to become, and how do I go about becoming that person? This is according to Aristotle.

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katovenus [111]

Answer:

The value of disposable income is $4,207

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