Answer:
The correct answer is the option A: The demand curve for nuclear power will shift to the right and supply for nuclear power will shift to the right. The result will be an increase in both the equilibrium quantity and price for the nuclear power.
Explanation:
To begin the explanation, the shifts of the curves in the economy graphics are due to certain factors that tend to move the curve itself, changing the whole situation in the market. Moreover, this factors such as the price or the preference for the good will generate either an increase or decrease of the demand and supply of the good, regarding how the change affects the curves.
To continue, in this case, the preference for the good has increase therefore an increase in the demand of the good is produced moving the curve to the right, making it increase its quantity. Furthermore, the price of the good has increased also due to the new regulations and therefore the supply will increase too because of the law of supply, making the curve move towards to the right increasing the price as well.
In conclusion, both the demand curve and the supply curve will shift right due to certain factors and that situation will cause and increase in both the equilibrium price and quantity demanded.
Answer:
Normal goods
Explanation:
Normal goods are goods that are goods whose demand increases when income increases and falls when income falls.
I increase my demand for organic fruits and vegetables when my income increased. This shows they are normal goods.
Generic fruits and vegetables are inferior goods.
Inferior goods are goods whose demand falls when income rises and increases when income falls.
I hope my answer helps you
Answer:
C. The marginal cost of providing the same good to different groups of buyers must be different.
Answer and Explanation:
Data provided in the question
defect rate i.e. = 1.50%
the sample size = n = 200
Now
= 0.008595057
Now the 3 sigma control limits is
UCL_p = + 35p
= 0.015 + 3 (0.008595057
)
= 0.04078517
LCL_p = - 35p
= 0.015 - 3 (0.008595057
)
= 0
hence, the 3 sigma control limits are UCL 0.04078517 and LCL 0 respectively
Answer:
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