Answer:
a) we all follow the same or different developmental paths.
Explanation:
Human development refers to the changes we undergo as we grow. These changes could be positive, negative, or neutral. The universal view of these changes explains that there is a fundamental process that accounts for the differences in development.
The context-specific perspective explains that the development that occurs in humans has a direct interconnection to the context where it occurs. It further explains that the environment plays an important role in the development of individuals and that since the environment differs for different people, it is not fundamentally the same. So, in short, the two concepts are concerned with whether we all follow the same path or different developmental paths.
British Columbia. It was named for Queen Victoria.
You can choose a price that <u>maximizes your profits</u>.
<u>Explanation</u>:
If you are the only clothes producer in the industry, it is known as monopoly. Monopoly means a single seller selling a unique product without competition.
The monopoly seller has the right to choose the price for his goods. He can fix the price in the way to maximize his profit. As he is the sole seller, he will not have any competitions in the industry. This in turn helps him to make lot of profit on producing clothes with full freedom in fixing the price of the clothes.
Answer: 1/3 hot dog per hour
Explanation: Opportunity cost is a term used by economists to mean what you have to forego in order to choose something else. Opportunity cost refers to what you have to sacrifice to buy what you want in terms of other services or goods.
In this case Albert can produce 3 hamburgers in one hour, and also he can produce 1 hot dog in 1 hour
it can expressed:
1 hot dog = 1 hour
3 hamburger= 1 hour
Equating both equations and simplifying it gives:
1 hamburger = 1/3 hot dogs
