<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).
- Prices of related goods of services. If two goods are substitutes, the increase on the price of one, decreases the amount demanded of that product but increases the amount demanded of the other product. It two goods are complements, the increase in the price of one good decreases the amount demanded of it, and the amount demanded of the other product too.
- 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.
<span>Three U.S. society core values : Freedom, Privacy, and Free enterprise.
Freedom is impacted by the shaping of "cool" for teenagers because as new fads and technologies are developed and problems related to them arise, they are followed by laws, rules and values based on those fads and technologies. For example, when too many teenagers began "sagging" their pants because it was "cool", some jurisdictions passed laws against it.
Privacy is impacted by the shaping of "cool" for teenagers as new technologies are developed that create new invasions of that privacy. Case in point, Facebook created far reaching questions on privacy while at the same time being sold as "cool" to teenagers in college.
Free Enterprise is impacting the shaping of "cool" for teenagers as new technologies and fads are developed. Free Enterprise allowed Air Jordans, IPhones, Coca Cola and Levis jeans to exist, and thus market themselves to teenagers as, "cool".</span>
Answer:
Ego intergrity
Explanation:
Erikson described ego integrity as the acceptance of one’s one and only life cycle as something that had to be and later as a sense of coherence and wholeness As people grow older (65+ yrs) and become senior citizens, they tend to slow down their productivity and explore life as a retired person
The grandparents by spending time with their grandchikdren anc thinking and talking about goals and planning ways to kead a meanful life is them cultivating ego intergrity meaning they accepted their life as it is wanting to pass on what they thought they have made out of life. They explore life as having achieved all they can and seeing what they can pass on.
Answer:
3 Is more likely among people high in the need for cognition
Explanation:
A solid understanding of a spoken and written language is the foundation of verbal communication.
