Answer:
d. Relatively smaller shortages in the short run than in the long run because supply and demand tend to be more inelastic in the short run than in the long run.
Explanation:
"The adverse effects of rent control are less apparent to the general population because these effects occur over many years. In the short run, landlords have a fixed number of apartments to rent, and they cannot adjust this number quickly as market conditions change. Moreover, the number of people searching for housing in a city may not be highly responsive to rents in the short run because people take time to adjust their housing arrangements. Therefore, the short-run supply and demand for housing are relatively inelastic."
Reference: Gans, J., King, S., & Mankiw, N. G. (2011). Principles of microeconomics. Cengage Learning.
The marginal cost of the 1st minute for each additional minute after 1000 minutes is at 1001st minute
What is marginal cost?
Marginal cost means the increase in cost per unit as a result of change in the number of volume of output or service.
In this case, the company would pay $50 for the first 1000 units, in other words, any number of minutes within the range of 0-1000 minutes has a fixed charge of $50, in essence, a change cost of the plan as a result of an increase of 1 minute would only take place at the 1001th minute the cost per minute then becomes variable.
Without mincing words, marginal cost for 1 minute cannot be computed at 500th minute because there is no increase then when a minute of usage is added, so also at 1000th minute.
In the same vein, the first 1minute is not at 1500th minute
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Answer:
Explanation:
Because if you're able to plan things, its a useful skill for jobs, family planning etc. Its a useful skill to have.
Alicia’s views are similar to symbolic interactionists. Symbolic interactionism is a sociological theory that states that how an individual engages with symbols explain the behavior that they are exhibiting.
This perspective believes that how an individual interacts with other individual in a group explains best the structure that underlies the group itself. We can see that Alicia subscribes to this point-of-view from how she believes that an employee’s understanding of a situation reflects how she or her engages with other members’ of the company.