The correct answer is that firms with market power will produce less and charge a higher price than what would be socially optimal.
Answer:
A
Explanation:
95% confidence interval gives the lower and upper limit for the mean corn yield per acre
Lower limit is 128.4 bushel per acre and upper limit is 131.6 bushel per acre
Answer:
Marketing managers should conduct market research that reveals the unmet needs of the product.
Explanation:
Market research is a detailed study of consumer behavior in a specific place, space or time. This type of research is carried out with the purpose of knowing consumer behaviors, when you want to make a change to the product / service or when you want to penetrate the market effectively; On the other hand, it is necessary to make these evaluations periodically in order to meet new customer expectations, to cope with the changes resulting from the arrival of new brands or changes in consumer habits.
Answer:
The force of surface tension supports the metal bin on the surface but when soap solution is added, the surface tension reduces so the metal bin sinks.
Explanation:
- The characteristics of the surface of the water that enables it to defy any force from the outside because of the united characteristics of the water is called surface tension.
- This is seen because it is one of the property of the molecule to attract each other and is liable for many other properties of the liquid.
- Adding soap to the water results in the surface tension of the water being low and makes the molecules of the water stick together.
Answer:
D. Although sales tax rates remained unchanged, the government's revenue from sales taxes increased considerably this year
Explanation:
If revenues froms sale tax have increased, then, consumption has increased too. A sales tax is a form of consumption tax, hence, consumption and revenues from this tax are correlated, and are directly proportional. This would weaken Tabitha's argument if true.
