Answer:
The three scenarios describe a competitive market.
Explanation:
1) In the competitive market buyers and sellers are price takers, this means that there are many producers and consumers and none of them are able to intervene in price and market. Price is given, ie price is determined by interaction in the market. 2) The products are identical. That is, no company will make a profit due to differentiated products. In perfect competition, companies produce identical products, and the consumer is indifferent to the product characteristics of each company. 3) There is free entry and exit of companies and factors of production, ie there is no cost to enter and exit any sector. This means that factors can migrate from one sector to another without incurring costs, meaning there are no barriers to entry and exit from any sector.
Thus, from items 1 and 2, consumers and buyers are price takers, that is, they cannot influence the price determined by the market. Item 3 is about achieving zero profit or normal long-term profit. This is because the free entry and exit of companies avoids extraordinary profits by encouraging companies to migrate to sectors that earn higher profits in the short term. Thus, in perfect competition, compa
Answer:
bodily/kinesthetic
verbal/linguistic
Explanation:
Learning styles can be regarded as range of competing as well as contested theories which analyse
differences that exist learning of in individuals. It should be noted that the Learning styles includes
✓bodily/kinesthetic
✓verbal/linguistic
Answer:
Explanation:
The <em>minimum probability of a successful bunt that would warrant using the bunt </em>is that probability that, at least, does not decrease the probability of winning after the<em> batter hit </em>the <em>double</em>: <em>0.807.</em>
Call p the probability of a succesful sacrifice bunt.
Using a probability tree diagram:
- successful sacrifice bunt: p
- win: 0.830
- loose: 0.17
- unsucessful sacfifice bunt: ( 1 - p)
- win: 0.637
- loose: 0.363
From that, the probability of winning is 0.830(p) + 0.637(1 - p)
You want to determine p, such that 0.830(p) + 0.637(1 - p) ≥ 0.807
<u>Solve for p</u>:
- 0.830p + 0.637 - 0.637p ≥ 0.807
Rounding to thousandths, <em>the minimum probability of a succesful bunt that would warrant using the bunt is </em><u><em>0.881.</em></u>
Graphs give an overview of economic growth or decline.
Answer:
The correct answer is the option C: Because the effect of compounding allows growth to build upon previous growth.
Explanation:
To begin with, the term of <em>"Compounding"</em> in economics refers to the situation in which an assets' earnings are reinvested to generate more additional earnings over the pass of time and therefore that in an economy when there is a small growth the investors take advantage of the effect that the compounding has over the situation and use it in order to generate more earning in the future and that is why that the the effect of compounding allows growth to build only upon previous growth.
