The choice of <u>dedicating all the available resources to the production of only bagels</u> presents the lowest opportunity cost.
The expected profit per unit is the only data provided about the production process in the pastry shop. Therefore, those the two figures provided already contain information about the production costs of donuts and bagels, the market prices and the sold quantities, in order to deduce the profit that each product would generate.
In this situation, as the bagels make a higher profit per unit, the best option for the company would be chosing to dedicate all its resources to the production of bagels, because if not, when selling a donut the opportunity cost per unit of product would be 0.25, plus the things that the company will not be able to purchase that would have been possible if they had those extra 0.25 per unit.
The psychological perspective that understands anxiety disorders by examining temperament, parenting, and life stress is<u> developmental psychopathology</u>.
In the field of psychology, developmental psychopathology can be described as a branch of psychology under which the development of a psychological disorder is studied related to various life course events or perspectives.
Under developmental psychopathology, the psychologist tries to look for the developmental causes of a psychological disorder.
For example, the various developmental factors for anxiety disorder are parental problems, life stress etc. All these developmental factors will be looked upon and related to the disorder under developmental psychopathology.
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The tendency to hold onto losing stocks in the hope that they will recoup is called loss aversion.
Loss aversion is a cognitive bias that explains why the pain of loss has twice as much psychological impact as the joy of winning. Losing money or another valuable item can feel worse than gaining the same. This principle is prominent in the field of economics. What distinguishes loss aversion from risk aversion is that the utility of monetary rewards depends on what has been previously experienced or expected.
In the realm of behavioral choice, 'loss aversion' is a behavioral phenomenon in which individuals exhibit greater sensitivity to potential losses than gains. Conversely, “risk-averse” people have an increased sensitivity/aversion to options with uncertain outcomes.
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Answer:
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Explanation:
1: Adam Smith
2: a policy with minimal goverment interference
3:Mixed economy
4:where the economy is based off of traditions and customs
5:an economy where the government control investments, prices and incomes
6:where two forces known as supply and demand direct the production of goods and services.
7:combining public and private enterprise.
8:idek
