Each one is a opportunity cost because you can only pick one and you cant get the other because one is more scarce than the rest. Nothing is free you gave up the rest of the choices to pick one choice which suited your self interest best
Answer
The question is incomplete; assuming that the market price is $5.
The answer will be consumer surplus decreases.
Explanation:
Consumer surplus is a measure of consumer welfare. It is measured as the difference between what customers are willing and able to pay for a good and the price they actually pay.
Answer:
False
Explanation:
Kevin should not rise the level of production from 5 to 6 as the impact of the price dominates this situation
Also the market is not depend on the Kevin fire engines because of the competitive market
Plus the supply and demand relation is inverse and not depend on the change in price level in a competitive market
If the price is decreased from $160,000 to $120,000 so the quantity of the production would not be impacted
In addition to this, the total revenue could be impacted when there is a reduction in the price that produced more sale due to this there is a slightly change in upward and downward
Also the change would never be in the similar production as compare to the change in price
Therefore the given statement is false
It was under Graham v Connor case. Someone explained that the defense attorney made the jury think the officer tried to hide his use of force behind a smoke screen of clinical language and that he did so to minimize brutality. Also, law enforcement trainers use such jargon to make communication within the profession more concise and efficient. To make use of clinical-sounding terms, there are two reasons behind it 1. Is to make a precise description and 2. Different between trained and street fighting techniques.
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