<span>Jean Piaget was a Swiss philosopher and psychologist who introduced a theory of cognitive development like Sigmund Freud Jean thought human development can be described in stages (of course leaving the sexuality part of Freud out). The stages are:
</span>Sensorimotor. Birth through ages 18-24 months (Explorer)
Preoperational. Toddler-hood (18-24 months) through early youth (age 7)
(<span> children learn to think abstractly, understand symbolic concepts, and use language etc.)
</span>
Concrete operational. Ages 7 to 12 (Understanding complexities)
Formal operations: Pre-adulthood through adulthood (H<span>ypothetical, and theoretical reasoning)</span>
Answer: Market allocates goods effectively.
Explanation: Effective market allocation is the economic market interaction discussed in this case study. As there was a storm and the power lines got down it was obvious that the demand for the batteries and flashlights will increase and the stock became insufficient but the market forces came into action leading to increase in supply and restoring demand and supply to equilibrium level .
Answer:
The expected profit is -$13,162.
I would not recomend the investor to make this investment.
Explanation:
The expected profit can be calculated multypling the probabilities of every outcome and the profit of each outcome, and substracting the total invevstment.
The outcomes are:
1) probability 0.39 of a $23,000 loss,
2) probability 0.24 of a $8700 profit,
3) probability 0.12 of a $31,000 profit, and
4) probability 0.25 of breaking even
NOTE: It is assumed that the outcomes does not include the initial investment.
Then, the expected profit of this investment is:
![E(P)=[0.39*(-23,000)+0.24*8,700+0.12*31,000+0.25*0]-10,000\\\\E(P)=[-8,970+2,088+3,720+0]-10,000\\\\E(P)=-3,162-10,000\\\\E(P)=-13,162](https://tex.z-dn.net/?f=E%28P%29%3D%5B0.39%2A%28-23%2C000%29%2B0.24%2A8%2C700%2B0.12%2A31%2C000%2B0.25%2A0%5D-10%2C000%5C%5C%5C%5CE%28P%29%3D%5B-8%2C970%2B2%2C088%2B3%2C720%2B0%5D-10%2C000%5C%5C%5C%5CE%28P%29%3D-3%2C162-10%2C000%5C%5C%5C%5CE%28P%29%3D-13%2C162)
Answer:
If the economy is at the potential output and the Fed increases the money supply, in the long run real GDP will likely remain the same.
Explanation:
hoped this helped
