<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.
The Mississippians were a native American culture that inhabited the Mississipi River Valley and surrounding areas from 9th till 16th century. Their culture was unique in that they created Mounds, that is man-made hills, many of them are still existing today.
Cultural capital concerns certain types of skills that are developed by children, these skills are passed from parents to children, usually parents of the social middle class. Reading skills, watching documentaries, playing classical instruments. These children have better academic development than others.
People with cultural capital skills always get people's attention, stand out, unlike those who don't, who aren't seen as capable by society.
It is a true statement that the free enterprise system is necessary for an individual to make an impact on the business world.
<h3>What is a
free enterprise system?</h3>
This economy system is also called a free market or capitalism that is driven by supply and demand.
The businesses and consumers are the component that control the marketplace with little to no interference from the government.
Therefore, It is a true statement that the free enterprise system is necessary for an individual to make an impact on the business world because it gives them freedom to perform their trade art.
Read more about free enterprise system
<em>brainly.com/question/3369578</em>
#SPJ1
E, you are celeste bc she is your daughters mom (your daughter)
