Answer: In the carrot scenario, Derek is able to find carrots at the price he wishes to pay because one competitor offers a lower price. That competitor is successful in making a sale and competition causes the consumer to keep looking until the desired price is found. Likewise in the computer scenario, Melissa still searches in a number of places for the desired computer. Competition again is driving the consumer action of shopping around. However, in this case, the consumer is unable to find the desired price and ultimately decides that since all competitors are asking the same price, this must be a fair market price. In that case Melissa wants the model she wants and is willing to pay a higher price for it, but only after exhausting all of her available options by checking out many competitor prices.
Answer:
Requires the state to maintain a balanced budget
Explanation:
Many state balanced-budget practices appear to have been developed from a limit on state debt by judicial interpretation or political consensus. The compilers have not attempted to trace judicial interpretation, but have included the debt-limitation
So the equation would be 500 km ÷ 10 km/h = 50 (500÷10=50) Therefore your answer is 50
Jaun's tendency can be called a: self-serving bias.
<h3>What is Self-serving Bias?</h3>
Self-serving bias can be described as the tendency of an individual to always take credit for positive events or outcomes that happens while they tend to blame external factors for the cause of failure or negative outcomes.
Therefore, Jaun's tendency can be called a: self-serving bias.
Learn more about self-serving bias on:
brainly.com/question/1325291
