One major difference between the western states and those of the northeastern states in the mid 18th century was that the western states focused on <u>mining and agriculture.</u>
<h3>Economic Development in the 18th Century</h3>
During the 18th century, the was a remarkable improvement in agricultural techniques which translated into better harvest. some of those techniques are:
- Crop Rotation
- Use of more advanced machines
- Introduction of new crops such as corn and potatoes.
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International businesses need to understand the nature of the globalization debate and observe how their own practices may act in support of, or against globalization.
a. True
b. False
It’s false I hope
When you think of time, you may look at your clock to see what time it is. Say the clock reads 12:25 am, and you're feeling hungry. You happen to have $11.25 in your wallet. This makes you think of the relationship between the money and time
How could money relate to time? Well, time only goes through a sixty minutes an hour. But, while the time goes, you can think, "it's a quarter past 12." This would represent 12:25 p.m.
A quarter is money, and it was a quarter past 12. That is one way you could relate time to money. You could say, 11:25, 10:25, 9:25, and it could still mean a quarter past 11, 10, 9. "Quarter doesn't have the same meaning for both different terms, but we use the same vocabulary for both!
<span>If the government has decided that tossed orange peels impose a negative on the public that must be rectified by imposing a $4 per bag, then the new equilibrium price is,
p* = $9 ( when the quantity of bag is 1)
In that time the new equilibrium quantity is, q* = 5 bag(s).
If the new equilibrium quantity (5) is the optimal quantity, before some bags were oranges being overproduced that is,
q* = 1 bag(s)</span>
Answer:
$18
Explanation:
Since the manufacturer sold twice as many units of Q than P, that means it at least sold 1 unit of P and 2 units of Q.
to determine the arithmetic mean (average) revenue per unit:
total revenue = P + 2Q = $20 + (2 x $17) = $20 + $34 = $54
arithmetic mean (average price) = $54 / 3 = $18
