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Daniel [21]
3 years ago
12

According to the video, what is an advantage to having a career in health care?

Social Studies
2 answers:
maw [93]3 years ago
7 0
The answers would be D (or the last one)
vladimir2022 [97]3 years ago
4 0

Answer:

These careers are portable, because all communities need healthcare workers.

Explanation:

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1. Does an increase in price necessarily bring about higher total revenue? Explain. 2. Describe the different determinants of de
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<u>Question 1</u>

The correct answer is: "FALSE".

The total revenue earned by a firm is computed using the formula:

R= price * quantity

According to the formula, if the term "price" increases, R would increase too. But an increase in price usually decreases the amount demanded by consumers of a certain product. Therefore, if quantity demanded drops in a higher proportion than the increase in price, the final total revenue would decrease. So the final effect depends on the size of the two variations.

<u>Question 2</u>

<u>The determinants of demand are the following:</u>

  • Price: inversely related to the quantity demanded, as the larger the price the smaller the amount demanded of a product.
  • Income of consumers: directly related. The larger the income earned by an economic agent, the larger the amount demanded of a normal good (there are exceptions, such as inferior goods, for which income and demand are inversely related).
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  • Tastes or preferences of consumers.  If a product is in line with the general preferences of consumers the amount demanded will be large.
  • Market expectations. For example, if a price is expected to rise, consumers might prefer to buy now and therefore demand increases at the moment.
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