Answer:
Many decisions are taken at the margin
Explanation:
Many decision are taken at the margin.
He makes small changes at the margin in the number of hours spent training on each activity.
Paola and his wife both realise that increasing time spend in the pool will decrease his total triathlon time.
His time is fixed (20hrs) and anytime he wants to spend extra on one activity, i means that he cannot spend time on another (this is known as opportunity cost).
They are both on the same page in terms of trying to improve Paolo's total time (exploiting opportunities to makes themselves better off).
1hour switch in Paolo's point of view isa major change, whereas his wife recommends a wholesale change.
Paolo realises that as he spends more time in the pool improving his swim time, his run and cycle times will take a hit. As he swims more, his improvement is likely to slow down, while spending less time on cycling and running will cost him more in terms of time.
Hence Paolo is looking at the margins.
His wife on the other hand, is not, she is ignoring the interaction, may be forgetting the ncreasing deterioration in terms of time of the other 2 legs
Answer:
it cold change due to room temps and condensation
Explanation:
Answer:
true because
native people usually go by their culture to do things
All people who want to drive have to be shown responsible for what they do while driving, they need to proven to be careful and drive safely... what answers are you looking for?
The given question is incomplete as the group of choices are not given, required to answer the question. However, the group of choices for this question is as follows:
1) stable – if we are there we will stay there, unless outside forces change
2) unique – there is one and only one equilibrium, a property which follows from the “Law of Demand” and “Law of Supply”
3) self-enforcing – at higher prices there is downward pressure on price; at lower prices there is upward pressure on price – therefore if we are at some other price, we will be pushed toward the equilibrium price
4) All of the above statements are correct
Answer:
The correct answer is - option 4. all of the above statements are correct.
Explanation:
According to the model of the demand and supply, market equilibrium in the model of the supply and demand is the market where the balance between supply and demand is equal and due to equal demand and supply prices of a particular product is stable.
If there is an over-supply of products than the demand in the market the prices will go down, which results in higher demand. At higher prices there is pressure on the price to move downward; at lower prices, the pressure would be upward.
Thus, the correct answer is - option 4. all of the statements are correct
