<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.
Question options:
A autonomy
B protocols
C voluntarism
D right to privacy
Answer:
Autonomy
Explanation:
Under the principle of autononmy, part of the elements of the principle of respect for persons, an individual who has been duly informed(informed consent by researcher) and is capable of making his own decisions can decide if he wishes to participate in a research and can also refuse to answer certain questions in the research. He may also choose to withdraw from the research at any time he wishes.
Castle is commonly thought of as an ancient fact of Hindu life, if not constructed by the British colonial regminel
Answer:
Diffusion of responsibility
Explanation:
Diffusion of responsibility is a phenomenon where a person is less likely to take responsibility for action when they are in the presence of a large group of people. This happens because the individual assumes that others are either responsible for taking action or have already done so.
Since they are part of a big group of people, people will tend to assume that someone else will probably help or, if nobody is helping, that the situation is not that serious. Thus, they don't feel pressured to respond.
In this example, Roger was screaming for help as he was being beaten up. There were about 15 people standing nearby but none of them came forward to help. We can assume that, <u>since they were part of a large group, each one of them assumed that the others were going to help Roger or maybe that the situation wasn't that serious</u>. Thus, this lack of help illustrates diffusion of responsibility.
