Answer:
c. A range of backgrounds enriches their work
Answer:
The correct answer is option B.
Explanation:
A price elasticity of demand is always negative for normal goods. It indicates that the price increase causes demand to fall.
The price elasticity less than 1 means demand is less elastic or inelastic. In other words, a change in price will lead to a smaller change in demand.
Similarly, a price elasticity greater than 1 means demand is highly elastic. So a change in price will lead to a greater change in demand.
Since, afternoon shows have less elastic or inelastic demand, the theatre should charge higher price for them.
While, the evening shows are highly elastic so the theatre should charge lower price.
In this way theatre can maximize total revenue.
Skinner is most known for operant conditioning which is the control of behavior by manipulating it consequences.
The following items describe specific kinds of producers:
1) grocery store owner
2) computer shopper
3) trial lawyer
In economics, a producer does not only produce a good or service, he can be a part of the good or service also. A producer is the one who incorporates factors of production.
Producers may be individuals or small or large scale companies that has the power to influence the market because they are the ones who set the basis for the prices of goods and services.
