The Functions of Schemas:
1. Schemas help us to quickly interpret and categorize information. They allow us to make sense of the world around us by organizing it into meaningful categories and providing us with a framework for understanding and interpreting new information.
Problems with Schemas:
1. Schemas can lead to oversimplification and premature closure. Once we have a schema in place, we may be inclined to assume that it is the only way to interpret a situation or to assume that all new information will fit into the same categories. This can lead to inaccurate interpretations or assumptions.
What is Schemas?
Schemas are mental structures that help organize and interpret information. They are used to interpret sensory information, organize memories, and make predictions about the future. Schemas provide a framework for understanding and interpreting the world around us. They influence the way we perceive, think, and act. Schemas are often developed through experience and can be used to guide behavior. They can also be used to understand how people create meaning in their lives. Schemas are constantly evolving and changing as we encounter new experiences. They help us make sense of the world around us and can be used to explain why people behave the way they do.
To learn more about Schemas
brainly.com/question/9197503
#SPJ4
The matching of the demand as relatively elastic or relatively inelastic can be done as;
- Klaus' demand for orange juice (Relatively elastic)
- Amanda's annual demand for coffee(Relatively elastic)
- Jackson's demand for mystery novels(Relatively inelastic)
- Hermy's demand for Minute Maid orange juice(Relatively inelastic)
- Olivia's daily demand for Starbucks latte(Relatively inelastic)
- Stephen spends a very little part of his income on soda(Relatively elastic)
- Xavier's demand for his economics textbook(Relatively inelastic)
<h3>What is Elasticity of demand?</h3>
Elasticity of demand can be regarded as the variation on the concept of demand.
It should be noted that elastic demand involves change in quantity demanded as a result of change in price.
Learn more about Elasticity of demand
brainly.com/question/26576823
Using the image attached. The option that shows the marginal rate of substitution is option b.
<h3>What is marginal rate of substitution?</h3>
The marginal rate of substitution (MRS) is known to be the number of a good that a consumer is said to be willing to take in when compared to another good, only if the new good is said to be equally satisfying.
The marginal rate of substitution (MRS) is also described as the rate in which a specific units of an item is said to be replaced by another only if by giving the same amount of satisfaction to its consumer.
Hence, The MRS concept tells about the association between the taking in of two goods or resources if consumers are said to make rational decisions.
Hence, the option that satisfy the above is option B. Therefore, Using the image attached. The option that shows the marginal rate of substitution is option b.
Learn more about Marginal Rate from
brainly.com/question/20595808
#SPJ1
