Implicit costs are imputed costs of self-owned and self-employed resources.
Example:
- (i) Interest on entrepreneur's own capital.
- (ii) Rent on entrepreneur's own land used in business.
Answer:
A laptop
I purchased an expensive laptop which is produced by Apple company who are famous for the production of electronic appliances such as computer, laptops and software etc. All the electronic appliances are produced in China due to the availability of cheap labor. These laptops distributed by the government to the stores after buying it from the company. Me and many peoples like to buy apple laptops due to their great design and high quality.
In the case of a positive relationship between two variables, all else remaining constant:
- The value of the two variables will move in opposite directions from each other.
- graphically, the data line representing the relationship between the variables has a positive slope
<u>Explanation:</u>
A positive relationship is also termed as direct relationship. It is a correlation among two variables that travel in the identical direction. The graph for a positive (direct) connection signifies which is becoming weaker (less steep). A positive relation is upward-sloping.
A graph permits us to imagine the connection among two variables. If the graph of the connection among two variables slopes up to the right, the association within the variables is positive. The graph of a positive correlation can have a slope that becomes smaller when moving rightward along the graph.
Answer:
having multiple perspectives allows us to understand history in all it's form and be able to make our own judgment of the situation.
Explanation:
"We need to be aware of all perspectives in order to find the truth of the matter. All sides contain a portion of the truth, but they also throw in their own perspectives, their own prejudices, their own propaganda"
