Answer:
Option C would be the correct answer.
Explanation:
Throughout objective reasoning, cognitive bias seems to be a weakness that has been triggered by that of the human brain's propensity to interpret knowledge through a prism of individual perspective including interests. The types of cognitive bias but for the remaining change.
The types of cognitive bias are almost as follows:
-
Overconfidence bias
- Confirmation bias
- Halo effect
-
Anchoring bias
The latter considerations provided are not closely linked to the case provided. So, the answer above is the right one.
Answer:
E) bowed out shape of the production possibilities frontier.
Explanation:
The production possibilities frontier curve is usually has a bowed out shape because as the production of one of the products increases, the opportunity cost of producing the other product also increases.
As shown in the attached image, as the production of Y increases, the opportunity cost of producing X will also increase, giving the curve a bowed shape. The same happens to the opportunity cost of producing Y when the production of X increases.
Honesty and working hard.
Given:
D = 40 pcs /hour
T = 36/60 = 0.60 hours
X = 0.20
C = 10
Find the value of N.
N = DT (1 + X) / C
N = [40/hr * 0.60 hr (1 + 0.20)] / 10
N = [24 (1.20)] / 10
N = 28.8 / 10
N = 2.88 or 3
3 containers should be used to support the operation.
Answer:
A. last; equal to
Explanation:
Marginal product of labour is the change in total output as a result of a change in quantity of labour employed.
A profit maximising firm would produce up to a point where the marginal product of last factor enjoyed in equal to the factor's price.
The marginal cost of Labour should equal to the marginal product of labour
