Answer:
Explanation:
a )
At equilibrium price , total demand = total supply
60 – 2P = -10 + 5P
7P = 70
P = 10 .
quantity produced Q = 60 - 2P = 60 - 2 x 10 = 40 .
b )
cost function C = 16 + 2Q + Q²
marginal cost MC = dC / dQ = 2 + 2Q
In the long run , no profit , or
marginal cost = Average cost = Price
2 + 2 Q = 16 + 2Q + Q² / Q
2 Q + 2 Q² = 16 + 2Q + Q²
Q² = 16
Q = 4
Marginal cost = price
Price = 2 + 2 Q
= 2 + 2 x 4
= 10
Same as that in part ( a )
c ) No of firms
Production by one firm = 4
Total production = 40
no of firm = 40 /4 = 10 .
Answer:
In an effort to relieve the caseload burden in the Supreme Court and to handle a dramatic increase in federal filings, Congress, in the Judiciary Act of 1891, established the courts of appeals.
Answer:
Rawls's major criticisms of utilitarianism are: 1) that "utilitarianism does not take seriously the distinction between persons"s and, 2) that utilitarianism wrongly defines the "right" in terms of the "good"' when in fact "the concept of right is prior to that of the good".
Explanation:
That statement is true
ex post facto laws is the type of law that makes an act <span>that was legal when committed became illegal or suddenly increase the punishment of a crime after it is being committed.
If our justice system adopted this concept, the court can basically trapped any person in united states into criminals. </span>
Answer: a. concepts
Choices are a. concepts. b. syntax.c. heuristics.d. algorithms.
<span>Pigeons can correctly identify or distinguish between the pictures of cars from pictures of chairs because of their capacity to develop concepts.</span>
<span>Concepts are one of the three basic building blocks of cognition, the other two are mental images, and language. Concepts are mental categories that groups objects, events, activities, or ideas that share similar characteristics., formed naturally, artificially or generally organized into hierarchies.</span>
