Answer:
The correct answer is option B.
Explanation:
A monopolistic firm is characterized by a large number of buyers and sellers in the market producing differentiated products which are close substitutes, there are relatively easier entry and exit in the market.
In the given question, Teen Angle Hardware is looking for a niche or a slightly differentiated product to sell to teenagers. But is able to earn only a normal profit because there is a large number of firms in the market. And new firms can enter the market in the long run. So, this firm is an example of a monopolistic firm.
<u>Solution and Explanation:</u>
As the utility function is concave in shape, so person is risk averse. Thus, he will not accept the gamvle.
The difference between utility at point A&C = 70 minus 65 = $5, is less than a the difference between A&B = 65 minus 55 = $10
<u>MCQ:
</u>
Answer is option a&d - risk averse people fear a lot for losing money, thus they overestimate the probability of loss
Since, shape of utility function is concave, hence the double derivative of utility with respect to wealth is negative, so utility falls at an decreasing rate , as wealth increases
The aspect of the SMART goal that is missing is that of TARGET DATE.
SMART goals refers to goals that are Specific, Measurable, Attainable, Result oriented and Time bound. The aspect of the time bound was not included in the scenario given in the question.
To ensure bandwidth isn’t being consumed to ensure bandwidth isn’t being consumed has to use an application container
.
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Explanation:</u>
Application container separates applications from the host operating system. Virtual environments are allowed to run application in application container. Software-defined networking (SDN), will not complete the task on the other hand.
Running applications on separate virtual LANs (VLANs) is of no use when it comes to the host operating system and notifying on updated versions can also not accomplish the task.
Application container is an all-in-one or stand-alone package for software application. They include application binaries, software dependencies and the hardware requirements that are required to run, all enclosed into an independent, self-contained unit.