Answer: Option (e) is correct.
Explanation:
Correct Option: both a and c
Marginal revenue is the amount that is added to the total revenue, this amount is created due to an additional unit of output produced by the firm.
Price taking firms are the firms which operates in a perfectly competitive market. In this type of market condition, prices are determined by market forces. Hence, the constant prices will result in unchanged marginal revenue and thus it is horizontal to the x-axis at any given price level. Price level remains the same at any level of output.
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Conflict of interest is the funding of a research study by a company that stands to benefit from a positive assessment.
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What is conflict of interest?</h3>
Conflict of interest in research exist when an individual, researcher, or company gives preference to their own interests or positive review.
- Here, the interest is a positive opinion of the company and not a contrary opinion.
- The Company and the research may not agree.
Conclusively, the research funded through conflict of interest is for positive assesment of the company and not the research.
For more details on conflict of interest kindly check brainly.com/question/25738147
Answer:
A) Simple random sample
B)Cluster sample
C)Convenience sample
Explanation:
A is simple random sample because each item in it has an equal chance of selection in the sample.
Cluster is used here to divide the states into regions and then assigning codes to them.
Whereas third one is convenience sampling because sample is formed from information that is close to hand
Answer: Individual interviews
Explanation: An individual interview can be seen as an experimental method of acquiring information from an original source to gather non-numerical information with a small number of respondents to discuss in detail their viewpoints on a specific idea, program or circumstance.
Here, the Marine Midland Bank sent out their researchers to discuss with the head of each household in the community the reason for not checking accounts and credit cards with the bank. It can be carried out in 15-60 minutes.
Answer:
e. price elasticities of demand for apples and oranges are the same over these price ranges
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price.
Price elasticity = percentage change in quantity demanded / percentage change in price
Percentage change in price = (50-40) / 50 = 0.2 × 100 = 20%
Percentage change in quantity demanded of Apples = (120 - 100) / 100 = 0.2 × 100 =
20%
Percentage change in quantity demanded of oranges = (240 - 200) / 200 = 0.2 × 100 = 20%
Price elasticity of demand for oranges = 20% / 20% = 1
Price elasticity of demand for Apples = 20% / 20% = 1
When coefficient of elasticity is equal than one, elasticity of demand is unit elastic.
This implies that the elasticity of demand for Apples and oranges are the same. A change in the price of oranges and apples would lead to the same proportional change for each of the demand for Apples and oranges.
I hope my answer helps you
