The surplus to be determined in this problem is equal to the difference between the money willing to be paid and the value of the purchase. hence for Bob, surplus value is equal to 65- 45 or $20 while that of Bill is equal to 50-45 or $5. The total surplus for both boys is equal to $20 + $5 or $25.
Explanation:
a) A free market would allow the laws of demand and supply to flourish; prices of commodities will be set by manufacturers based on demand. However, Government regulations which interfere with the free market is going to result in feeling the pain of monopoly.
b) Indeed, the price mechanism when controlled by the government can result in efficient provision of public goods.
One such example of a public good ls PMS (premium motor spirit) used as petrol in most vehicles. Controlling the price of petrol by the government in most cases helps avoid excessive charges from petrol stations per pump price.
Metacognition is often referred to ask "knowing about knowing." Metacognition is the awareness or understanding of one's own thought process.
I THINK it's A but i'm not sure
Answer:
B. Choose narrowed over broad keywords.
D. Use variations of keywords to broaden your results.
Explanation:
When performing a job search, you should employ the following tips in regard to the keywords you use;
Choose narrowed over broad keywords.
Use variations of keywords to broaden your results.
