Answer:
The correct option is that the expected or the average cost of all the weekly rat purchases is $13.
Explanation:
Option a is true as there is no definite information about the future pricing is indicated. However from the historic data, it can be stated that the expected or average cost for all weekly rat purchases is $13.
Option b is not true as the statement given is a definition of mode of the purchase. There is no such information in the question.
Option c is not true as there is no information in the question indicating that the purchases are evenly distributed below and above the value of $13.
Option d is not true as there is no indication of this occurrence in the question in the definitive way.
Answer:
Lack of innovation.
Explanation:
Any business is subject to certain market conditions that will determine its success, and the most important ones are:
- the markets at which they participate, e.g. size of the markets, niche products vs convenience, etc.
- free enterprise (free market economy) which allows private parties (producers and consumers) to allocate resources at their convenience, and much more efficiently than command economies.
- competition will limit your supplier power and increases the consumers' buying power. Generally the more competition, the harder it is to make economic profits.
Answer:
c. $400 billion
Explanation:
Calculation to determine what an initial increase in aggregate demand of $100 billion will eventually shift the aggregate demand curve to the right
First step is to calculate the GDP Multiplier
Using this formula
GDP Multiplier=1/(1-MPC)
Let plug in the formula
GDP Multiplier=1/1-0.75
GDP Multiplier=1/0.25
GDP Multiplier=4
Now let determine the shift in aggregate demand curve
Shift in aggregate demand curve=4*100 billion
Shift in aggregate demand curve= $400 billion
Therefore an initial increase in aggregate demand of $100 billion will eventually shift the aggregate demand curve to the right by $400 billion
<u>Answer:</u> This is an example of scarcity.
<u>Explanation:</u>
Scarcity means there is less supply of the goods that are required. Non renewable goods are the goods which are available in lower quantity and they may become obsolete at a point of time. These resources cannot be replaced by nature and it takes quite a long time to get supply of these resources.
When non renewable resources are used in production of goods the prices of the goods are very high. When renewable resources are used they are unlimited in supply so the price of the products will be less.
The appropriate response is trye. When all is said in done, the part of the government was impacted by the idea of "laissez-faire," a teaching contradicting government obstruction in the economy with the exception of that essential for the upkeep of peace. This state of mind begun to change amid the last piece of the nineteenth century, when private venture, homestead, and work developments started requesting that the administration intervenes for their benefit.