The answer to the question above is letter A. The most attractive trade-off as the result of a decision is called an opportunity cost. Trade-off is a technique of reducing or forgoing the desirable outcome in exchange for increasing or obtaining other desirable outcomes in order maximize the total return.
In the full score of an orchestral composition, the families of instruments are arranged from top to bottom in the order of woodwinds,brass,percussion,strings.
These are the four main families of instruments. The string family includes the violin, the viola, the cello and the double (string) bass. The woodwinds include all tubes with an opening at one end and a mouthpiece at the other end (flute, clarinet,...) . Brass family includes bass, trombone, bass trombone, trumpet,...Timpani, snare drum, buss drum are some examples of instruments belonging to the percussion family.
When it comes to investing, the typical relationship between the risks and returns was that the greater the potential risk, the greater the investment return an investor will get. That is why investments are very risky, and an investor must be a risk-taker to attain such success.
Answer:
Explanation:
ed= 2 , Price increase by 5%.
Elasticity of Demand = % Change in Quantity demanded/ % change in price
% change in quantity demanded = 2*5%=10%
Since, the elasticity > 1 and price has decreased, the total revenue will decrease. The impact of price change on Total revenue is based on the relationship between elasticity of demand and Total revenue.
Thus, there will be 10% fall