3) Nelson Mandela. Hope this helps (I would research him though just in case)
<span>This shows that there is a statistically significant difference between the two parties on the idea. The null hypothesis would have shown that there is no difference in the two parties. Party affiliation, then, will likely be indicative of the level of a person's support for the concept of welfare reform.</span>
Answer:
a.Costs initially go down and then go up.
Explanation:
The average total cost curve of an enterprise consists of the sum of the fixed cost curve and the variable cost curve. Fixed costs are those that cannot be eliminated in the short term, such as the utility bill. Varied costs are those that can be reduced if the company decreases the quantity produced. For example, inputs and labor.
Thus, initially the total cost curve tends to decrease as production increases, as fixed costs are slowly diluted as the production process advances. However, at some point this cost curve tends to increase, because if there is no economy of scale, marginal production will be decreasing, ie, after a certain point of production, each additional production will be more expensive (will require more variable costs ) and this will lead to an inflection in the average cost curve, which will increase further.
<h2>
The money a student spends on rent for his apartment while attending school is not an example of the opportunity cost of going to school.</h2>
Explanation: Opportunity cost is defined as the loss of potential profit from other option when one option is chosen. For each choice we make, potential gain is lost by choosing that alternative.
We invest in university expenses as we believe, it will pay off someday in the future. The people who graduate with a degree gets higher salary and get long term career than a student without a degree.
The nap a student could have enjoyed without attending class is not an example of the opportunity cost as investment in colleges offer much more return.
