Answer:
If the product we are selling has an elasticity of 1.6 we should lower the price to increase revenues
Explanation:
Elasticy in demand above 1 means that are elastic goods. So the percentage in the rise in the quantity demanded is superior to the percentage in the fall of the price, so it will increase revenues.
The difference in humidity is what causes the clouds to form disperse and to rain down.
Explanation:
When there is more humidity it means that there are more water droplets in the air.
This means that these water droplets can join with small particles in the air and form clouds around themselves.
These clouds go up in the air and get cooled down and condense so they then become clouds but they also become heavy because they are cold.
Now that they are heavy they begin to come down and the difference of humidity down below makes it warmer and then the clouds fall with the rain and the process begins again.
Answer:
The correct option is D: the positive utility Laura received from seeing her portfolio value rise was less than the disutility she felt when its value declined.
Explanation:
Behavioral economics suggests that the pain felt when you lose $1000 is more than the joy you experience when you gain $1000 say in a lottery or any exercise without having to do any work from it. Thus this implies that positive utility is less than disutility in the case of Laura as depicted in the example.
The investor determines that a credit loss exists on the investment
