Answer:
1. $2 per household per year
2. $2,500 per sugar producer per year
Explanation:
The computation is shown below:
1. The gross cost per household per year is shown below:
= Loss in consumer surplus due to the tariff ÷ Total number of households
= $100,000 ÷ 50,000 households
= $2 per household per year
2. The policy's benefit is
= Total gain in producer surplus ÷ number of sugar producers
= $25,000 ÷ 10 sugar producers
= $2,500 per sugar producer per year
Answer: Sustainability
Explanation: Sustainability simply means continual existence regardless of domain or pillar. It explains the maintenance of economic, social and environmental resources to meet the demand and needs of the present industry or generation without jeopardizing or compromising the needs of future generation. The concept of sustainability looks beyond the present, it focuses on harmonizing the needs of present and future generation by encouraging decisions and policies that focuses beyond the present, rather considering the effects of present policies in decades to come. Common sustainability goals include reduction of carbon emission, shift to the use of renewable energy resources such as wind, hydro and solar, All in a bid to maintain a healthy ecosystem for present and more importantly future generation.
Answer:
The correct answer is:
I trust you to be able to accomplish this task (C)
Explanation:
First of all, you have to know the meaning of the word competence, and competence is a collection of related relevant abilities, know-how and skills required to act effectively on a job or situation. Which is a clear message passed by the speaker in the statement "I trust you to be able to accomplish this task", because the speaker knows that his team member possesses the right skills to carry out a task successfully.
The statement in option D ( "I trust you to do the right thing." ) also tells a little about competence because one of the definitions of competence highlights being sane, and one needs to be sane to do the right thing, but it is only second choice when compared to the statement in option "C".
Next time when you are faced with this kind of question, identify the keyword ( which in this case is competence), and use that to answer the question.
Answer:
intersection point
Explanation:
Confluence means a meeting point or coming together. It is the point at which two or more variables join together. In the law of demand and supply, the equilibrium point is the level where demand meets supply. It is the intersection point of the demand and supply curves.
Confluence point of demand and supply curves will mean the quantity demanded and the quantity supplied will be equal. The confluence point will give a price and quantity acceptable by both buyers and suppliers. As the confluence of demand and supply curves, buyers are willing and able to purchase all the quantities firms are selling at that price level.
