<u>Question 1</u>
The correct answer is: "FALSE".
The total revenue earned by a firm is computed using the formula:
R= price * quantity
According to the formula, if the term "price" increases, R would increase too. But an increase in price usually decreases the amount demanded by consumers of a certain product. Therefore, if quantity demanded drops in a higher proportion than the increase in price, the final total revenue would decrease. So the final effect depends on the size of the two variations.
<u>Question 2</u>
<u>The determinants of demand are the following:</u>
- Price: inversely related to the quantity demanded, as the larger the price the smaller the amount demanded of a product.
- Income of consumers: directly related. The larger the income earned by an economic agent, the larger the amount demanded of a normal good (there are exceptions, such as inferior goods, for which income and demand are inversely related).
- Prices of related goods of services. If two goods are substitutes, the increase on the price of one, decreases the amount demanded of that product but increases the amount demanded of the other product. It two goods are complements, the increase in the price of one good decreases the amount demanded of it, and the amount demanded of the other product too.
- Tastes or preferences of consumers. If a product is in line with the general preferences of consumers the amount demanded will be large.
- Market expectations. For example, if a price is expected to rise, consumers might prefer to buy now and therefore demand increases at the moment.
Answer:
True
Explanation:
The practitioner must separately date and time his or her signature authenticating an entry, even though there may be a date and time already on the document, because the latter may not reflect when the entry was authenticated:True
Answer: Anonymity allows students to freely express their concepts and criticisms without feeling that they are judged by others.
Explanation:
In the educational field, students are not only focused on learning the curricular contents taught by teachers, but the social part where they create friendships with each other is also involved. When a student has to make constructive criticism of another classmate, it often does not think about whether the work it did but how its criticism can affect the friendship it has with the person, which interferes to express an objective opinion.
Anonymity would be very useful in this class because it allows students to express their point of view without feeling that they will be judged by their classmates. When a student feels that it can give its opinion, knowing that it will not interfere with their friendship, it feels freer and speaks more clearly.
It is normal to see how sometimes a student can change his behavior towards another if he feels that it expressed itself in a way he did not like about the work done. This gets to interfere with their social dynamics, leading them to the point of losing a friendship. A student does not want to be in a classroom where it knows that his classmate does not want to see him.
If teachers implement anonymity in the feedback process, they will find more extensive opinions and criticisms in the learning process. They will see that students are going to talk more objectively since they will not feel the pressure that they will be signaled by their opinions.
Answer: "Up close, she is able to see the painting's details most clearly because her lens focuses light intensely onto her blind spot."
This statement above DOES NOT identify the correct structure were light is focused so we can see clearly.
Explanation: "up close" means to be closer to an image so that you can view it clearly.
The blind spot of the eye is a small part of the optic nerve, which is the visual field of each eye where there are no photoreceptors (rods or cones), and therefore images are not formed in this portion of the eye. When light falls in this portion of the eye, images won't be formed, because the photoreceptors that forms the image for the brain to interpret are not present in that portion.
For example, after being exposed to a bright light, we find it difficult to detect images immediately, because the retina has adjusted for light to fall on the blind spot.
The statement in that paragraph is wrong because her eyes can't detect any image that fall on the blind spot, so therefore the brain will not have any image to interpret, which makes it impossible for her to see clearly