<u>Question 1</u>
The correct answer is: "FALSE".
The total revenue earned by a firm is computed using the formula:
R= price * quantity
According to the formula, if the term "price" increases, R would increase too. But an increase in price usually decreases the amount demanded by consumers of a certain product. Therefore, if quantity demanded drops in a higher proportion than the increase in price, the final total revenue would decrease. So the final effect depends on the size of the two variations.
<u>Question 2</u>
<u>The determinants of demand are the following:</u>
- Price: inversely related to the quantity demanded, as the larger the price the smaller the amount demanded of a product.
- Income of consumers: directly related. The larger the income earned by an economic agent, the larger the amount demanded of a normal good (there are exceptions, such as inferior goods, for which income and demand are inversely related).
- Prices of related goods of services. If two goods are substitutes, the increase on the price of one, decreases the amount demanded of that product but increases the amount demanded of the other product. It two goods are complements, the increase in the price of one good decreases the amount demanded of it, and the amount demanded of the other product too.
- Tastes or preferences of consumers. If a product is in line with the general preferences of consumers the amount demanded will be large.
- Market expectations. For example, if a price is expected to rise, consumers might prefer to buy now and therefore demand increases at the moment.
Answer:
This statement is <u>TRUE</u>.
Explanation:
Functional Magnetic Resonance Imaging (fMRI) measures brain activity in blood flow. The blood flow concentrates or increases in the neural zone that is being used or activated.
This technique can be afected by certain factors such as noise from the scanner, also it can be afected by brain activity from sensations or thoughts. This is the reason why the subjects go through at least two different treatments in order to determine relative increases in the activation of each treatment.
Answer:
c. His five types did not take into account thousands of years of human evolution
Explanation:
What is a major criticism that can be leveled against Johann Blumenbachâs racial typology?His five types did not take into account thousands of years of human evolution.
Answer:
sociology is a social science that focuses on society, human social behavior, patterns of social relationships, social interaction and aspects of culture associated with everyday life.
