There are four parts to property rights are namely the right to use the good, the right to transfer the good to others, the right to enforcement of property rights, and the right to earn income from the good
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Option C
<u>Explanation:
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Property rights are abstract and legally regulated legal buildings for deciding which property or economic goods are used and held. Property rights may be owned by (and therefore belong to) individuals, organizations, collectives. This characteristic comprises four wide elements and is frequently called a bundle of rights.
- The right to make use of the good
- The right to earn an income from the good
- The right to transfer the good to someone else, change it, give up it or destroy it (the right to cease ownership)
- The right to implement property rights.
Throughout economics, the land is normally considered to be owned by an asset or good (rights on the income obtained from property). In fact, several economists argue that ownership rights must be fixed and relations between other parties represented in order to be more efficient
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The answer would be True if it’s a true or false question
Answer:
Hence, the firm's total variable cost of producing three units of output is $48 unit.
Thus, the correct option is d. $48 unit.
Explanation:
The computation of total variable cost is shown below:
= marginal cost of the First unit of output + marginal cost of the second unit of output + marginal cost of the third unit of output
= $20 + $16 + $12
= $48
The variable cost include all type of cost which is change when the production level changes. In the given question, the output level changes with the unit which reflects the variable cost. So, the cost would be added in the computation part.
Hence, the firm's total variable cost of producing three units of output is $48 unit.
Thus, the correct option is d. $48 unit.
Answer: c. identify an area of knowledge or an issue that deeply interests you. conduct a thorough, objective research.
Explanation:
You would write better on any subject where you have an area of knowledge or that which interests you greatly, this is due to the fact that your knowledge gives you an added advantage in writing the subject, you would have had an underlying foundational knowledge which you just need to build on by research and having an objective for the topic. So, having an interest and knowledge in a topic is the first strategy to note when writing a topic.
Answer:
B. they involve the use of expert judgement do develop forecasts
Explanation:
A time series is a series of events that is spaced equally in time. It is a statistical technique used to identify a time based trend of events and them make forecast using data from the trend/time series.
Time series requires certain processes which include discovering of a pattern in the historical data, projection of the historical data into the future, assumption that the pattern will remain the same(constant) as the time goes by, etc.
In time series method, since historical data is the point of reference for making a forecast, no expert judgements is required to develop forecasts. This is because once the data of the series from the past has been taken and a trend/pattern has been identified, that becomes the basis for future forecasts.
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