Answer:
24
Explanation:
Absolute threshold is a concept that refers to the most minimum level of a sensory stimulus that an individual can sense. Testing this usually require individuals to differentiate the intensity of a stimulus.
A general rule of thumb is that when an individual can sense whether something is stronger 50% of the time, that stimulus level is the person’s absolute threshold.
Thus, in the example of Daniel, we should only pay attention to his 24 candles experiment – since he can recognize the difference in light intensity, 50% of the time, when there are only 24 candles. When he added 11 more candles, making them 35 candles, his ability to recognize the light intensity differences are reduced to 25%.
Answer:
Cost per pound of the trail mix: $
Raisins 2 pounds @ $3.95 each = 7.90
Peanuts 3 pounds @ $2.08 each = 6.24
Chocolate 5 pounds @ $3.25 each = 16.25
Total 10 pounds 30.39
Cost per pound of the trail mix = $30.39/10 pounds
Cost per pound of the trail mix = $3.039 per pound
Explanation:
In this case, we need to determine the total cost of the trail mix, which is the quantity of each ingredient multiplied by price per ingredient. Then, we will calculate the cost per pound of the trail mix, which is the total cost divided by the total pounds of ingredients.
Answer:
The overview of the given scenario is described in the explanation segment below.
Explanation:
The monopoly seems to be the owner and manager of the sole business that operates on either the marketplace (Industry).
The monopolist becomes making an extraordinary income. Balance requirements become MC = MR, MC reductions MR from underneath the.
The breakeven point would be where the expense of Average is equivalent to the value (Average Revenue-AR)
Closing down portion would be when the company is unable to cover the AR Cost i.e.
⇒ AR < AVC.
The normal monopoly would be when it has a large competitive edge over all the future entrants as either a barrier to the entrance of just about any new company, which prohibits any new installment including its company into the sector. It may even be attributable to someone's power over manufactured goods or perhaps the possession of environmental assets.
The limits of monopoly power are given below:
- This power is limited to something like the possibility of competitors.
- If alternatives are present mostly on the market, it's been difficult to retain the monopoly.
- Law facilitates the possibility of monopoly power.
Answer: Index
Explanation:
Any economic fact expressed in terms of number is known as Index,
Index is the statistical change which represents the change in the individual data point. Index measures the change in the consumer goods and its price over time in different geographical locations. Some indices display market variations that cannot be captured in other ways.
lily's apparel has defined its target market by : <span>Psychographic characteristics
A psychograhic characteristic is a way to define a target market by finding similar attitudes, lifestyle , or value.
By knowing this similarities, we could find a product that will fulfill all the needs that is required by the majority of that market</span>
