Answer:
A.Economic integration
Explanation:
Economic Integration is a trade agreement that exists among countries within the same geographic location which includes reduced or removing tariffs and other trade barriers so that there will be free flow of certain goods and services coupled with other factors of production within the region. This is important because it helps to reduce the cost involved in trade and making goods and services available within member state. This agreement is also known as regional integration because it exist between nations in the same region. For example economic integration between West African States.
Answer:
a. People are hard-wired to feel emotions about a situation before they reason it out.
Explanation:
Emotional hijacking occurs when our brain's emotional processor (amygdala) bypasses our normal reasoning process.
This occurrence in terms of an emergency is a self-defence mechanism when it is necessary to act in the face of perceived danger.
Emotional hijacking occurs when there is a compulsive need to complete and action. For example answering an email, answering the phone.
It is possible to control emotional hijacking through emtional intelligence.
Answer:
Options B and C are correct.
- Marginal profit is negative.
- Profit is positive.
Explanation:
At q = 150
R = 80q = 80(150) = 12,000
C = 0.002(150)3 + 22(150) + 750 = 6750 + 3300 + 750 = 10,800
R > C so first is incorrect.
MR = 80
MC = 0.006(150 x 150) + 22 = 135 + 22 = 157
MC > MR so B is correct.
Profit = TR - TC = 80(150) - 0.002(150)3 - 22(150) - 750 = 12000 - 10800 = 1200
Profit is positive.
Marginal profit = MR - MC = 80 - 157 = - 77
MR is Negative
Answer:
The correct answer is: price must rise, but equilibrium quantity may rise, fall, or remain unchanged.
Explanation:
If the supply of a product decreases the supply curve will shift to the left. At the same time, if there is an increase in demand, the demand curve will move to the right. This simultaneous shift in both demand and supply will lead to an increase in the price of the product.
The change in the quantity demanded will depend on the extent of change in demand and supply.
If both changes by the same proportion the equilibrium quantity will remain the same. If demand increases more than the decrease in supply the equilibrium quantity will increase. If the demand increases less than decrease in supply, the equilibrium quantity will fall.
