Answer:
Joseph McCoy transformed the cattle business into a national industry.
Explanation:
Answer:
Robert Nozick entitlement theory is a theory of justice.
Explanation:
According to Nozick, the important part is how people got what they have. The result of the distribution of goods is not essential.The three basic principles of Nozick 's theory are:-
1. A 'principle of justice' in 'acquisition':- According to this, this is justification of how people own the common property.
2. A 'principle of justice' in 'transfer':- In this principle it is explained how one can acquire assets from another including gifts .
3. A 'principle of rectification' of 'injustice':- This principle explains that if there are any assets that are acquired unfairly, how can victim request for justice, how can it be rectified.
These principles are closely aligned with 'libertarian theory'.
1. The selling of indulgences (claimed to be tickets straight to heaven if you gave money)
2. Greed (heavy taxation, took money that was used for luxuries rather than charity)
3. Abuse of power (lack of separation of church and state)
The current population of Russia is about 143,446,104 as of February 17, 2016, based on the latest United Nations estimates.
Answer:
<u>The correct answer is C. four pies.</u>
Explanation:
<u>Marginal cost</u> is called the increase in the cost of production that is generated when the quantity produced in one unit increases. It should be remembered that the production cost refers to the money that must be disbursed to produce a service or a good. The aforementioned definition, indicates that the marginal cost is the increase in the cost recorded when an additional unit of a certain good is produced. <u>In other words, the marginal cost reflects the rate of variation of the cost divided by the change in the level of production.</u>
<u>The curve representing the evolution of marginal cost has the shape of a concave parabola, due to the law of diminishing returns.</u>
In the graph, the marginal cost curve has the following values:
- For one pie, it's $ 1.00
- For two pies, the curve decreases and it's $ 0.60
- For three pies, the curve keeps decreasing and it's $ 0.30
- For four pies, the curve begins to increase and it's $0.60
- For five pies, the curve continue increasing and it's $ 1.40