Answer:
A. the difference between the lowest price a firm would have been willing to accept and the price it actually receives.
Explanation:
Producer surplus is the measure of the welfare of the producer.
producer surplus is defined as the difference between the lowest price the company or a firm is willing to accept and the price that is received by the firm actually.
It is also shown by the graph of Price v/s Quantity. The area of this graph represents the Producer Surplus.
Answer:
Jake has gotten much quicker at creating databases after taking an online course.
Explanation:
Cognitive development can be defined as the development of thought processes, skills, knowledge and problem-solving abilities from infancy through adulthood.
Jean Piaget was a developmental biologist and psychologist who worked extensively on cognitive development in infants and teenagers; these are judgement, knowledge and thoughts.
Jean Piaget's stages of cognitive development in an ascending order are;
I. Sensorimotor: this is between 0 - 2 years (18 - 24 months) where the child exhibits object permanence.
II. Preoperational: this is age 2 - 7 years where the child acts in an egocentric manner.
III. Concrete operational: this is age 7 through age 11 and the child thinks logically at this stage.
IV. Formal operational: this is from adolescence (11 years) through adulthood and focuses on logically thinking about abstractions.
Simply stated, ability can be defined as the capacity (skill and competence) of an individual to perform a task.
The scenario which best demonstrates a person's ability is that, Jake has gotten much quicker at creating databases after taking an online course.
There are five stages of relational escalation. The first stage is pre-interaction awareness. This is when two people don't have any direct interaction. They only observe each other or maybe ask other people about one another. The second stage is the acquaintance awareness. This is when two people get to know each other by asking general questions to skim the surface first. The third stage is exploration awareness. This is when they get personal already. There may be little physical contact, but only minimal. The fourth stage is intensification stage. This is when they spend more and more time with each other to the point of becoming more dependent on one another. Lastly, the fifth sate is intimacy awareness, This is when two people work in sync in terms of mental thoughts, bodily gestures and other intimate connections.
Thus, Bill and Marilyn are in the intimacy awareness stage.
Supply side economic has led to lower relative taxes on higher earning citizens in America because a group of economists, journalists, and politicians formed or became adherents of a school of thought called “supply-side economics.” Its three most prominent economists were Arthur Laffer, then at the University of Southern California; Alan Reynolds, then at First National Bank of Chicago; and Paul Craig Roberts, a prominent staff member to various Republican congressional committees and, early in the Reagan administration, the assistant secretary of the Treasury for economic policy.
The journalist who was most committed to supply-side thought was the late Jude Wanniski, an editorial writer for the Wall Street Journal, and Jack Kemp, a Buffalo-area Republican congressman, was the group’s best-known politician. One other early supply-sider, an historian who became a bona fide economist, was Kemp’s aide Bruce Bartlett.
Their argument was basically an application of one of the most important principles in economics: incentives affect behavior. Specifically, they focused on the harm that high marginal tax rates inflict on an economy and the growth in an economy’s real output that can occur if the highest marginal tax rates are reduced.
Answer:
installment buying
Explanation:
Buys a product by promising to pay small regular amounts over a period of time until they paid the full price of the product plus interest.
