<u>Question 1</u>
The correct answer is: "FALSE".
The total revenue earned by a firm is computed using the formula:
R= price * quantity
According to the formula, if the term "price" increases, R would increase too. But an increase in price usually decreases the amount demanded by consumers of a certain product. Therefore, if quantity demanded drops in a higher proportion than the increase in price, the final total revenue would decrease. So the final effect depends on the size of the two variations.
<u>Question 2</u>
<u>The determinants of demand are the following:</u>
- Price: inversely related to the quantity demanded, as the larger the price the smaller the amount demanded of a product.
- Income of consumers: directly related. The larger the income earned by an economic agent, the larger the amount demanded of a normal good (there are exceptions, such as inferior goods, for which income and demand are inversely related).
- Prices of related goods of services. If two goods are substitutes, the increase on the price of one, decreases the amount demanded of that product but increases the amount demanded of the other product. It two goods are complements, the increase in the price of one good decreases the amount demanded of it, and the amount demanded of the other product too.
- Tastes or preferences of consumers. If a product is in line with the general preferences of consumers the amount demanded will be large.
- Market expectations. For example, if a price is expected to rise, consumers might prefer to buy now and therefore demand increases at the moment.
The father's presence at child's birth is a way of reducing the likelihood of birth complications as he is there to provide support to his partner in a way that the mother of the baby will be assured and in a way that the father has accepted his role of being the father of the baby.
Maybe expelling the Christians ;). But if we look at it seriously, people should learn to adapt and live with each other, without thinking that someone is under their level, not worrh the citizenship etc.
I hope this helps!
Answer:
the answer to that question is TRUE it is very true.
One the thing the Abrahamic religions had in common is that they believed that the Hebrew patriarch Abraham and his descendants hold an important role in human spiritual development.
