Answer: Hierarchies
Explanation:
"When people develop expertise in an area, they process information not only in chunks but also in hierarchies composed of a few broad concepts divided and subdivided into narrower concepts and facts."
-straight out of my textbook :)
The draws are performed with replacement. (a) is the maximum value of the sample set. So, denotes the event that the maximum value of the sample set is lesser than or equal to k. Hence, the event is same as the event ' each of X1, X2.
The vertical, long-run aggregate supply curve indicates that the long-run level of economic output is dependent upon stock of productive factors. The supply curve illustrates the relationship between the price of an item or service and the volume delivered over a specific time period.
In a typical scenario, the amount supplied will be shown on the horizontal axis and the price will be shown on the left vertical axis. For the products with greater elastic supply, the supply curve is shallower near to horizontal factors, whereas for products with less elastic supply, the supply curve is steeper the closer to vertical.
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