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3 years ago

Myron quit gambling after he lost over a thousand dollars betting on horse races. this best illustrates the effects of:

Business

2 answers:

anastassius [24]3 years ago

6 0

Answer:

Punishment

Explanation:

Punishment in this case refers to

1. Any consequences that decreases the behavior it follows

2. Tells you what not to do i.e quit gambling.

3. Myron associated gambling with negative behavior; which means punishment.

3. Punishment is not liked and therefore to avoid it, Myron stopped gambling.

Cheers

Elena-2011 [213]3 years ago

5 0

Negative reinforcement.

When Myron gambled, he experienced the negative consequence of losing money. In order to avoid this consequence, he stopped gambling.

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3 years ago

For what range in marginal cost will the firm continue to charge a price of $60?

hammer [34]

Range for marginal cost = $20 to $50

Since at the price of $60 total Marginal revenue on demand curve two = $20

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Hence $60 for the product is optimum for the range of marginal cost from $20 to $ 50.

Since the optimum level of price is where marginal cost is equal to marginal revenue.

The marginal cost of production includes all costs that vary with that level of production. For example, if a company needs to build an entirely new factory to produce more goods, the cost of building the factory is the marginal cost.

Marginal Cost = Change in Total Cost / Change in Quantity. Change in Total Cost = Total Cost of Manufacturing Including Additional Units – Total Cost of Manufacturing Regular Units. Quantity Change = Full Quantity Product with Additional Units - Full Quantity Product in Regular Units.

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2 years ago

Suppose the majority of students who are graduating in May from a large university have found jobs and signed employment contrac

Aleks [24]

Answer:

increase , reduce

Explanation:

Assumption: The given problem has been solved upon the assumption that students, who are in the process of entering employment, will lead to the possibility of increased spendings, since such students disposable income rises.

Aggregate demand represents the total demand for all goods and services produced in an economy during a period.

Mathematically, Aggregate Demand is represented as follows:

AD = C + I + Net Exports + G

wherein,

C = Consumption

I = Investment

Net Exports = Exports - Imports

G= Government Spending

In the given case, students which earlier had no income of their own, will now have a disposable income. Owing to which, their consumption spending would increase.

As a result of this, the savings would reduce.

Y = C + I + G

where, Y = National Income

I = Investment

G= Government expenditure

Aggregate demand will increase as a consequence.

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