The type of persuasion that is being described in the
scenario above is the foot in the door technique. This is a compliance tactic
in which a person engage of having to make another person agree into something
starting from a moderate request into something more big.
Answer:The answer is 1 The people pays the price, 2. Industrialization improved the standard of living of the people and increase the country Gross domestic product 3. Economic progress is the increase in output, economic development is the equitable redistribution of produced goods and services, the government must put in place a body to ensure the control of pollution of the environment by the industries.
Explanation:
Industrialization is the policy of setting up several industries in a country.it is regard as the surest way to the economic development of a country. It one of the real sector of the economy which can quickly facilitate the economic development. The process of industrialization as good as it is has a negative effect on the environment through the environmental pollution, pollution is the process of releasing harmful and injurious chemicals into the environment by the the industries which may result in a serious health and environmental hazard such as cancer, heart disease, and damage to other vital organs of the body .Therefore, the people is the one paying the price of the effect of pollution on the environment where they live.
The moral issue raised by the assertion is that industrialization is capable of bringing the people out of poverty in the sense that the major causes of poverty in the society is the lack of unemployment, therefore industrialization provide jobs for the people which help in improving their standard of living., and in turn lift them out of poverty into the life of affluence. On the other hand, industrilization is capable of improving the economic development of the country. It is one of the major ways to increase the country's Gross domestic product of the country, it help in raising the national incomes of the country..it also helps in the increase in the level of productivity of the economy. It increase the level of investment in the nation,it increases savings in the economy and help in reducing the prices of goods produced in the country.
The connection between economic progress and development is that, economic progress is the increase in the Gross domestic product or a national income of a country or the increase in the output of a country., for example if the national income of a country rises by 10% in a certain year we can say that the economy of such country has experienced a growth rate of 10% . On the other hand, if it falls by 5% we say that the country had experience a negative growth. While economic development is the attainment of a number of ideals of modernization such as a rise in productivity, social and economic equity improved institutions and values.economic development emphasises equitable distribution of produced goods and services which lead to increase in the social and economic well being of the people. Growth can be achieved with an increase in output but development can be achieved not only with increased output but also through equitable redistribution of existing goods and services. In the process of ensuring the economic progress and development it is very important to put in place a measure to control the effect of pollution on the environment by ensuring that industries channel their toxic waste appropriately in such a way that it will not lead to a serious health hazard of the people living in the environment where the industries is located. On the other hand, government should establish a body know as the environmental protection council who will be charged with the responsibility of ensuring that industries comply with the environmental laws put in place to protect the environment as well as to sanction the industries who fails to operate within the framework of the law.
The dilemma is to decide whether to ignore mother's orders or comply with them in this situation.
<h3>What is Opportunity Cost?</h3>
Opportunity Cost refers to the losses incurred on leaving the other possible alternatives in the decision making and choosing the one. It is the value of the best alternative choose in the process of the decision making.
In the Above situation,the individual would enjoy with friends if he goes to watch the movie However it can lead to trouble with his mother.
However, if individual does cleaning of the lawn; the price would be the fun you would have to forgo.
The best course of action would be to obey your mother because the consequences of doing otherwise are much worse.
Learn more about Opportunity Cost here:
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Answer:
False.
Explanation:
(1) Units produced = 24 units of output
At the 24th unit of output,
Marginal revenue = $5
Marginal cost = $4
MR ≠ MC
At the 25th unit of output,
Marginal revenue = $4.50
Marginal cost = $4.50
MR = MC
At the 26th unit of output,
Marginal revenue = $4
Marginal cost = $5
MR ≠ MC
A firm maximizes its profit at a point where the marginal revenue is equal to the marginal cost i.e. MR = MC.
It is clear from the above scenario that this firm doesn't stop at 24 units of output because at this point of production profit maximizing condition is not fulfilled which means MR ≠ MC.
This firm should stopped at 25 units of output where marginal revenue is equal to the marginal cost from the 25th unit of output.
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