The determinant of demand is the Number of buyers. The number of buyers is one of five request determinants that move the request bend when they change. The other four are purchasers' salary, purchasers' inclinations, different costs, and purchasers' desires. The quantity of purchasers willing and ready to purchase a decent influences the general request.
Answer:
The correct answer is letter "C": Wrong and have fallen victim to the fallacy of composition.
Explanation:
The fallacy of composition is a conclusion provided by an individual that assumes just because something applies in part of a whole, the same will apply to the whole. The conclusion does not have enough support and does not take into consideration variables that could change among one part and another of the whole.
Thus, <em>if you conclude that because the logging companies are more profitable when they increase their output all the companies in another different sector should be profitable if they rise their output as well, you would have fallen into the fallacy of composition.</em>
Answer:
C. There may be economic profits in the short run, but not in the long run.
Explanation:
Perfect Competition is a market structure with very large no of buyers & sellers, transacting homogeneous products, at same price (firms 'price taker') & inelastic demand, with free entry & exit into industry.
Economic profit is the profit earned above normal profit - covering revenues over explicit & implicit costs, necessary to continue business operations.
Free entry & exit into Perfect Competition Industry makes them earn only normal profits - no super normal (economic) profit , abnormal loss in long run
Short Run Economic Profits : Induces new firms entry and supply increases, reducing the industry & firms' price. This reduces their profit & resumes back the normal profits.
Similarly - Short Run Abnormal Losses : Induce existing firms exit, will reduce supply, increase price & profit, resume back to normal profits.
Answer:
A.efficacy
Explanation:
It is the ability of th eteam to produce a desired result that is what Ahmed doubts. It can't be a leadership activity, nor the climate of tyrust or structure can produce such result. Limiting group status has no importance here.
Answer: $374.85? Little confused why you would move two decimal places?
Explanation:
