True, if you charged a fee for the service, you could afford better speeds, but less people would use it.
Answer:
A. An inquiring mind and suspension of belief is the correct answer.
Explanation:
- Professional skepticism is an inquiring mind that includes critical evaluation, questioning, and staying alert to situations that may indicate possible error because of fraud and mismanagement and also an important evaluation of audit data.
- The elements of professional skepticism are questioning mind, autonomy, suspension of knowledge,interpersonal judgment, search for information, and self-esteem.
- Professional skepticism performs an important role in the audit and we need professional skepticism to maintain an audit of the expectation.
It is the example of the decision of an arbitrator. At its
discretion, a court may grant the equitable remedy of injunction against breach
of a contractual duty where damages would be inadequate. When a breach of
contract occurs, the non-breaching party is required to take reasonable steps
to lessen or mitigate the damages that he may sustain.
Crusoe's opportunity cost for producing a pound of berries would be 0.4 pounds of fish.
<h3>What is the opportunity cost of the fish?</h3>
This can be found as:
= Change in quantity of fish / Change in quantity of berries
Solving gives:
= (30 - 26) / 52 - 42
= 4 / 10
= 0.4 pounds of fish
Find out more on opportunity cost at brainly.com/question/1549591.
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The other-things-equal assumption, ceteris paribus refers to the notion that all variables except those under immediate consideration are held constant for a particular analysis.
<u>Explanation:</u>
"Holding other things constant" refers to the term Ceteris paribus. It mainly considers the one statement "all thing being equal" . In economic field, it takes only one variable into account and determines the effect of that one variable in economics holding all the other variables as a constant.
Whenever an argument occurs related to cause and effect then this concept comes into play. For instance this concept says that increasing the wage of an employee can reduce marginal cost, increase money supply, improves profits of the company he is working,etc. Thus, it considers the effect of only the wage of an employee.