Answer:
D) better off, its producers of fish will become worse off, and on balance the citizens of Denmark will become better off.
Explanation:
Since the world price of fish is lower than the domestic price of fish in Denmark, the consumers will be better off because they will pay a lower price for the same good which results in an increase in consumer surplus. On the other hand, domestic producers will be worse off because the world price is much lower than their own price, which will result in a decrease of the quantity supplied of domestic fish and a decrease in supplier surplus.
But the overall balance will be positive because the increase in consumer surplus should offset the decrease in supplier surplus, resulting in higher total economic surplus.
Answer:
$19,000
Explanation:
appreciation is the difference between the price at which the house was bought and the price at which the house was sold
$267,000 - $115,000 = $152,000.
Average annual appreciation = $152,000 / 8 =$19,000
Answer:
c. Individual
Explanation:
Debby in presenting her complaint before the authorities should categorise it under individual complaint because she was the only person not old about the major changes made by management.
She will also report the negative bias she is noticing. Negative bias is the tendency for people to pay more attention to negative occurrences than positive ones. So if she has noticed signs of negative bias it should against her person.
Answer:
The average inter arrival time is less than the average process time.
Explanation:
Queue model is used to describe the waiting lines through a mathematical equation. It clearly assumes that the inter arrival time that is the time in between any two waiting is less than the average processing time.
And accordingly all the things gets to add more processes, and there is a stage in which all the things are into processes.
And since the interval time is low thus, the key assumption stated in statement 2 is correct.
