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AURORKA [14]
4 years ago
14

Suppose you are trying to understand the effect that an increase in the price of grapes will have on the market for wine.

Business
1 answer:
NemiM [27]4 years ago
4 0

Answer:

The correct answer is option d.

Explanation:

The most effective model to understand the effect of change of a variable on other variable is by assuming other factors to be constant. This simplifies the model and helps in easily understanding the relationship between the two variables.  

Though the assumption of other things being constant does not apply in the real world, it is still used as otherwise change in other factors would complicate the model. If several factors change it would be difficult to understand the relationship between variables.  

Here, to study the effect of change in the price of grapes on the market for wine, it is necessary to assume other factors such as income, consumer preferences, etc to be constant.

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For a certain firm, the 100th unit of output that the firm produces has a marginal revenue of $11 and a marginal cost of $10. A)
jeyben [28]

Answer:

The correct answer is option d.

Explanation:

The 100th unit of output that the firm produces has a marginal revenue of $11 and a marginal cost of $10.  

The profit to a firm is maximized when the marginal revenue earned and marginal cost incurred are equal.  

When the firm is producing the 100th unit of output the marginal revenue is $1 higher than the marginal cost. This implies that the production of the 100th unit increases the firm's profit by $1.

7 0
3 years ago
Let’s assume that each person in the United States consumes an average of 39 gallons of soft drinks (non-diet) at an average pri
icang [17]

Answer:

Instrucitons are listed below.

Explanation:

Giving the following information:

Let’s assume that each person in the United States consumes an average of 39 gallons of soft drinks (non-diet) at an average price of $2.00 per gallon and that the U.S. population is 295 million. At a price of $1.50 per gallon, each consumer would demand 49 gallons of soft drinks.

Price= 2

Demand= 295*39= 11,505 million

Price= 1.5

Demand= 295*49= 14,455 million

8 0
3 years ago
Kohlberg's theory of moral development can best be summarized as characterizing children's moral development as a process of pro
Vitek1552 [10]

Answer:

true

Explanation:

According to my research on Kohlberg's theory of moral development, I can say that based on the information provided within the question this statement is completely true. This is because this theory talks about starting in a stage where your actions are done in order to avoid certain consequences. Then as you get older you progress through various ethical stages, developing a series of ethical principals.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0
4 years ago
Which of the following is typically NOT led by a company's Human Resource department?
LUCKY_DIMON [66]

Answer: they dont file complaints

Explanation:

5 0
3 years ago
True or False: Private owners are held responsible for damages their property causes to the property of others.
NNADVOKAT [17]

Answer:

True

Explanation:

The right to private property is a natural right, but that right is of the negative type, that means that the right ends when it affects the rights of other people.

If you own private property, but the use of your private property is damaging the property of others, then, you have to change the way you are using it until the damages no more the other person's property.

If for example you own a house, and play loud music every night, your are infringing your neighbors right to sleep inside their private property (their houses), therefore, you must stop playing the loud music so that you do not damange your neighbors property anymore.

7 0
3 years ago
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