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Vlad1618 [11]
4 years ago
7

Early behaviorists believed that psychology should not focus on the "the mind" because "the mind" is

Social Studies
1 answer:
atroni [7]4 years ago
7 0
Because the mind is 'unobservable'
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The correct answer to this open question is the following.

Unfortunately, you forgot to attach the cartoon. Without the cartoon, we do not know its content. Jus you know it.

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However, trying to help you with something, we can say the following.

One of the informal powers most used by the President of the United States is to write executive orders. President Woodrow Wilson Wilson used executive orders to achieve his policy agenda.

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That is why President Wilson issued executive orders such as executive order 1880, to prevent corruption in the canal zone; or executive order 1885 to start the operation of the Panama Canal by establishing a formal organization to do so.

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When a competitive market maximizes economic surplus, it implies that the rev: 05_10_2018 Multiple Choice marginal benefit of ha
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Answer:

C. combined consumer and producer surplus is maximized.

Explanation:

A competitive market can be defined as a type of market that comprises of numerous producers who compete with each other so as to satisfy or meet the material needs and wants of consumers at a specific period of time.

This simply means that, in a competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

Hence, a competitive market is characterized by the following features;

1. Perfect information.

2. No barriers, it is typically free.

3. Equilibrium price and quantity.

4. Many buyers and sellers.

5. Homogeneous products.

Examples of a competitive market are the Agricultural sector, e-commerce and the foreign exchange market.

Hence, when a competitive market maximizes economic surplus, it implies that the combined consumer and producer surplus is maximized and this ultimately result in an allocative efficiency of resources. A consumer surplus refers to the situation where the market price is below what consumers are willing to pay for a particular product at a specific period of time.

On the other hand, a producer surplus refers to the total or overall amount of money that a producer of a product benefit or realize from the production and sales of a quantity of the product at a given market price.

<em>For instance, assuming the market price of a basket of tomatoes is $20 and a buyer is willing to pay $40; the consumer surplus is $20. However, if the producer is able to sell it at $35, the producer surplus is $15. Therefore, the economic surplus in this competitive market is $35.</em>

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