Answer:
<em>The Rationality Assumption.</em>
Explanation:
The assumption of rationality is <em>the belief that people will choose something which will increase efficiency from a series of decisions; this advantage is prone to interpretation and it can be based on actual economic profit, benefit to society, and a multitude of other things.</em>
Economists often presume reason when interacting with theory and devising mathematical and statistical models to explain behaviour. It is safe to assume in many cases, such as a straightforward supply / demand model, that people will behave on basic moral standards such as a cap on desire to pay.
Answer:
hey sorry i just want points YOSHII :3
Explanation:
<u>there is no clear-cut dividing line </u>
The primary difference between oligopoly and monopolistic competition is the relative size and the market control of each firm based on the number of competitors in the market. However, there is no clear-cut dividing line between these two market structures.
Answer:
D) Whether most of the farmers who tried the genetically modified corn last season applied more insecticide than was actually necessary
Explanation:
In order to evaluate this argument, we must first determine the cost equation for corn farmers:
profit = revenue from corn - total costs of producing corn
the total costs of producing corn include coth the price of seeds and pesticide.
Since the price of the seeds is much higher, it can only be offset if the amount of pesticide used was lower. But did the farmers that participated in the research study used the correct amount of pesticide during the last years would be crucial to determining the real impact of the new genetically modified seeds. If the farmers used too much pesticide in the previous years just in case, would mean that the actual use of pesticide should have been less and the costs increase when using the new seeds.
Answer: Fictitious refunds
Explanation:
A fictitious refund scheme, occurs when a fraudster processes a transaction to look as if a customer was returning a merchandise, even though there was no actual return. While some fraudsters create an entirely fictitious refund, other fraudsters just overstate the amount of a legitimate refund that took place and steal the excess money.
Billy Mitchell covering his gambling debts, issuing several refund credits to his personal credit card for amounts that were below the store’s review limit is an example of fictitious refund scheme.
