One assumption of the perfectly competitive model is free entry and exit. this assumption most directly leads to the implication that positive economic profit is only possible in the short run.
Profit is the difference between the return an economic agent earns from its output and the opportunity cost of its input. It equals total revenue minus total costs (including explicit and implicit costs).
Economic profit or loss is the difference between the revenue from the sale of output and the cost and opportunity cost of all inputs used. Opportunity cost and explicit cost are subtracted from earned revenue when calculating economic profit.
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One way to potentially increase the number of items we can remember by merging them into meaningful units is known as chunking.
A technique connected to cognitive psychology is chunking. The chunking procedure involves breaking down each individual component of a certain collection of information before grouping them into a coherent and meaningful whole. This has a favorable impact on the ability to process information.
Chunking is a memory-enhancing method. A mnemonic technique is a method that a person might employ to enhance their memory. Simply said, it's a shortcut that enables people to associate the information to be remembered with a phrase, word, or other memory aid.
By breaking knowledge up into smaller chunks, chunking is used to help people recall it in the short term. As a result, the human working memory's constrained store capacity is disregarded. A chunk, also known as a piece, is a grouping and storage of fundamental units in long-term memory.
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Answer:
Land is considered the primary factor of production. Land is rich in coal, water and petroleum, which are used for generating power. Land is required to construct factories and industries to carry out the production process. A nation's economic wealth is directly related to the richness of its natural resources.
Explanation:
According skinner's theory the thing that motivates our behavior, emphasizes that the behavior is motivated by your surroundings. He believes that the motivation is external, which comes from outside one the person who wants to learn. To lessen or strengthen a behavior he suggest using reinforcement, In yolandas case, you receive positive remarks from her family and teachers gave her reason to success academically.
