Samuel Adams and Joseph Warren
Answer: A: variable cost
A cost that rises or falls depending on how much is produced is variable cost.
Explanation:
Variable cost refers to cost that change in proportion to the amount of goods produced. It increases or decreases depending on the volume of production. It rises as a result of increase in production and fall as a result of decrease in production. Examples are: cost of raw materials, packaging, labour involved in direct manufacturing process and so on.
The Appalachian Mountains rise to heights of about 3,000 feet.
The correct answer would be option C, Self Interest. Economist assume that an individual acts as if motivated by Self Interest.
Explanation:
The concept of motivation by self interest is given by Mr Adam Smith. He was the great economist and the philosopher. He belonged to Scotland and is considered as the pioneer of the Political economy. He is also remembered or known as the Father of Economics.
According to Adam and some more economists, an individual acts if he is motivated by self interest. It means that if someone has some personal interest in anything, he is more likely to be motivated for achieving that. According to economists, this motivation is necessary as it builds competition and acts as an important economic Force. The regulator of economic activity is Competition, and the competition is best achieved when a person is fully motivated, and a person is fully motivated when he has some personal interest in that task.
When people have their own interests and want to make money, they try to make the society or economy better as a whole.
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This is an instance of "cultural lag".
The phrase cultural lag alludes to the thought that culture takes
time to catch up with mechanical developments and innovative revolutions taking
place in a society, and that social issues and clashes are caused by this lag.
Thusly, cultural lag not only apply to this thought, but it identifies with
hypothesis and clarification.
