Answer:
The correct answer is A
Explanation:
When someone represent someone else, then that person is responsible for the actions taken by him and it is the responsibility of that person to fulfill his or her obligations in correct or right way.
Under this situation, Bob (B) represents the Mary (M) and M would like to make an offer for the house, so B is responsible to write the offer and submit it. But B unable to fulfill the responsibility and terminates the relationship with M.
Therefore, No, B has not acted or behaved properly and also should have submitted the offer.
A person, similar to most other people, in the situation given above will choose confirmation bias because of the loss aversion.
<h3>What is confirmation bias?</h3>
The general human tendency to decide or favor with a particular thing in such a way that there are no chances of losing, and it guarantees or confirms a benefit, is known as a confirmation bias.
Hence, options A-1; B-2 hold true regarding the confirmation bias in the given situation.
Learn more about confirmation bias here:
brainly.com/question/13044778
#SPJ1
Answer:
The correct answer is: increase; reduce; increase; does not generate; consumers; producers and government
Explanation:
A quota is a trade restriction that limits the quantity imported of a good. An import quota on avocadoes will reduce the supply of avocadoes. This will cause the price of avocadoes to increase. This increase in price will reduce the consumer's surplus and increase the producer surplus.
A quota does not generate any revenue for the government.
This imposition of quota creates a deadweight loss for the society as the loss in consumer surplus is greater than the increase in producer surplus and government revenue.
Answer: $140
Explanation:
Based on the information given in the question, the marginal cost of producing the 50th acre of sod will be:
TC = 0.2Q² + 120Q + 5000
The marginal cost will be:
= dTC / dQ
= 0.4Q + 120
Then we put the value of Q = 50 into the equation and this will be:
MC = 0.4Q + 120
MC = (0.4 x 50) + 120
MC = 20 + 120
MC = 140
Answer:
sopomores= 0.0397
juniors= 0.1481
seniors= 0.2063
Explanation:
Giving the following information:
There are two teams of students:
Team A with 3 sophomores, 8 juniors, and 13 seniors. Total of 24 students.
Team B with 5 sophomores, 7 juniors, and 6 seniors. Total of 18 students.
First, we need to calculate the probability of selecting any student on each team:
Team A:
sophomores=3/21= 0.1428
juniros= 8/21= 0.3809
senors= 13/21= 0.619
Team B:
sopomores= 5/18= 0.2778
juniors= 7/18= 0.3889
seniors= 6/18= 0.3333
Now, we can calculate the probability of selecting the same type of students:
sopomores= 0.1428*0.2778= 0.0397
juniors= 0.3809*0.3889= 0.1481
seniors= 0.619*0.3333= 0.2063
