This will likely deter people from accumulating wealth in future.
Answer: Option 3.
<u>Explanation:</u>
Taxes are the amount of money that the citizens have to pay to the government. It is obligatory in nature. And in return to these taxes, the government will provide services to the citizens of the country.
But since the citizens have to pay to the government from their own personal income, so it pinches the citizens. An additional tax on the wealth of the citizens will deter the people to save and accumulate the wealth in future and will not motivate them.
Answer:
Confirmation bias
Explanation:
Confirmation bias occurs from the direct influence of desire on beliefs. When people would like a certain idea or concept to be true, they end up believing it to be true. They are motivated by wishful thinking. This error leads the individual to stop gathering information when the evidence gathered so far confirms the views or prejudices one would like to be true. Once we have formed a view, we embrace information that confirms that view while ignoring, or rejecting, information that casts doubt on it. Confirmation bias suggests that we don’t perceive circumstances objectively. A confirmation bias is a type of cognitive bias that involves favoring information that confirms your previously existing beliefs or biases.
For example, imagine that a person holds a belief that left-handed people are more creative than right-handed people. Whenever this person encounters a person that is both left-handed and creative, they place greater importance on this "evidence" that supports what they already believe. This individual might even seek "proof" that further backs up this belief while discounting examples that don't support the idea.
Answer: The nonrefundable $20 ticket is the sunk cost.
Explanation: A sunk cost is a cost that has already been incurred and which cannot be recovered.
However, a prospective cost is a future cost that is yet to be incurred and which can be avoided if an action or inaction is taken.
Therefore, from the scenario in the question above, we can see that Susie has already purchased the soccer match ticket which costs $20, and she is yet to incur the costs of gas, wear and tear, and parking fee.
Hence, the $20 is the sunk cost because it has already been incurred and cannot be recovered, while the $10 for gas and wear and tear, and $5 for parking are the prospective costs that will be avoided.
Here is the completed table:
Labor Total Product Marginal Product Average Product
0 0 N / A N / A
1 10 10 10
2 25 15 12.50
3 45 20 15
4 63 18 15.75
5 75 12 15
6 80 5 13.3
7 80 0 13.3
8 68 - 12 8.50
<h3>How to determine the total product, marginal product and average product?</h3>
The total product is determined by multiplying the average product by the number of labor. Total product of a labor can also be determined by adding the marginal product of that labor with the total product of the preceding total labor.
Blank 1 : 10 x 1 = 10
Blank 5: 25 + 20 = 45
Blank 7: 15.75 x 4 = 63
Blank 9: 63 + 12 = 75
Blank 13: 80 + 0 = 80
Blank 15: 8.50 x 8 = 68
Marginal product is the change in total product when labor is increased by 1.
Blank 2 : 10 - 0 = 10
Blank 3 : 25 - 10 = 15
Blank 8: 63 - 45 = 18
Blank 11: 80 - 75 = 5
Blank 16: 68 - 80 = - 12
Average product is the total labor divided by the total labor.
Blank 4: 25 / 2 = 12.50
Blank 6: 45 / 3 = 15
Blank 10: 75 / 5 = 12
Blank 12: 80 / 6 = 13.33
Blank 14 : 68 / 8 = 8.50
To learn more about marginal product, please check: brainly.com/question/13623353
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In the scenario in which each parent has just one child who watches sesame street, each parent has a private incentive to contribute 0% during the pledge drive. Public television is nonexcludable, which means that the free-rider problem will emerge, so every parent has an incentive to not contribute in hopes that others will. This is the reason for the 0%.
