Answer:
Cooking
Explanation:
because cooking use heat. heat is a temperature and chemicals is gas.
The answer to your question is the letter d.
Answer:
1. Yes, overshooting is consistent with PPP. Investors forecast the expected exchange rate based on the theory of PPP. When there is some change in the market, the investors know the exchange rate will change to equate relative prices in the long run. This is why we observe overshooting in the short run. The investors incorporate this information into their short-run forecasts.
2. Exchange rates are volatile in the short run. The theory's implication that there is exchange rate overshooting (in response to permanent shocks) is one explanation for short-run volatility in
exchange rates.
The correct option from the given options is "<span>d. incorrect, since profit maximization requires that marginal revenue equals marginal cost but does not require the average total cost to be at any particular level."
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Profit maximization refers to the short run or long run process by which a firm may decide the value, information, and yield levels that prompt the best benefit. Neoclassical financial aspects, at present the standard way to deal with microeconomics, as a rule models the firm as maximizing benefit.
