Answer:
The correct answer is the demand has increased.
Explanation:
At the market price of $5/unit, the quantity demanded is 20 units.
Last year at the price level of $4, the quantity demanded was 20 units.
We see that even though the price has increased the quantity demanded is the same. This indicates that the demand has increased.
When there is an increase in the demand for a commodity, the demand curve moves to the right. This upward or rightward shift in the demand curve will cause the price of the commodity to increase. Though the quantity demanded will be the same.
Answer:
17.76
Explanation:
Deaths due to poisoning: P = 25,200
Deaths due to falls: F = 21,400
The percentage difference between the number of deaths due to poisoning and deaths due to fall is given by:
The number of deaths due to poisoning is 17.76 percent greater than the number of deaths due to falls.
Each of these is a retirement account, except <u>a mutual fund</u>.
The answer is (B) a mutual fund
Answer:
a. Marginal product of a factor of production diminishes as more of it is employed with a given quantity of other inputs
Explanation:
The law of diminishing return states that in applying a successive unit of variable cost to a fixed cost, the return per unit of variable cost will eventually diminish or fall.
What the above means is that at a certain point, the continuous addition of land, labor , capital and entrepreneur will bring about a fall or reduction in output.
An example is where a company operate at a maximum level, there would be a fall in output even when additional workers are employed given that the factors of production are constant.
