The Occupy movement says that social and economic inequality makes it harder for the country to have real democracy.
How does Marx's theory work?Marx's theory backs the occupy movement because he defended socialism and explained how class conflict caused by capitalist exploitation would bring about revolution. As a result, the working class would oppose wealthy industrialists to gain resource control and equality.
In a similar vein, Durkheim's theory explains the shared values and standards that individuals must adhere to in order to act appropriately in society. As a result, the Occupy movement's contradictions were disrupting society.
As a result, it is true that these theories work today to maintain social harmony and balance the nation's social power.
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ramon understands that if a is bigger than b, and b is bigger than c, then a must also be bigger than c. this shows that he has mastered: ramon understands that if a is bigger than b, and b is bigger than c, then a must also be bigger than c. this shows that he has mastered: transitivity reversibility of thought conservation seriation
Ramon has mastered the concept of transitivity, which is when a set of three items is given, if the first item is bigger than the second, and the second is bigger than the third, then the first item is also bigger than the third. This is also known as transitivity of order.
Additionally, the concept of reversibility of thought is when one can apply the same logic to a reversed situation. For example, if a is bigger than b, then b is also smaller than a. This is also known as reversibility of order. Lastly, seriation is the ability to arrange objects in a logical order based on size, weight, or other characteristics. In this case, Ramon has mastered these three concepts.
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write down the role of nepal in peace keeping misson
Answer:
Nepal has been actively involved in United Nations (UN) peacekeeping missions for several decades, contributing troops and police officers to various missions around the world. Nepal's participation in peacekeeping missions began in 1958 with the deployment of a small team of military observers to the UN Truce Supervision Organization (UNTSO) in Palestine.
Since then, Nepal has contributed more than 130,000 peacekeepers to various UN missions, making it one of the largest contributors of troops to the UN. Nepalese peacekeepers have served in countries like Haiti, Liberia, Sudan, South Sudan, Ivory Coast, and many others.
Nepal's contributions to UN peacekeeping missions have been highly valued and appreciated by the international community. Nepalese peacekeepers have earned a reputation for their professionalism, discipline, and dedication to duty. They have played a crucial role in helping to maintain peace and stability in conflict-affected regions around the world.
In addition to contributing troops and police officers to UN peacekeeping missions, Nepal has also played an active role in promoting peace and stability in the South Asian region. As a member of the South Asian Association for Regional Cooperation (SAARC), Nepal has worked towards enhancing regional cooperation and addressing common challenges such as terrorism, poverty, and climate change.
Explanation:
How globalization has changed the U.S. economy? What are 3fundimental contributors to the effects of globalization. Identifywinners and losers, including the U.S. consumer in youranalysis.
Globalization has had a profound effect on the U.S. economy.Three fundamental contributors to the effects of globalization are increased international trade, investment flows, and advances in technology.
Globalization has revolutionized the economy of the United States. The following are the ways globalization has transformed the U.S. economy:Globalization has had a significant impact on the U.S. economy. The three fundamental contributors to the effects of globalization are technology, free trade, and outsourcing.
The winners of globalization in the U.S. economy are big corporations, investors, and skilled workers. In contrast, the losers of globalization are low-skilled workers, small businesses, and unskilled workers. Some of the ways globalization has affected the U.S. economy are listed below:
1. Increase in employment opportunities: Globalization has created numerous job opportunities in the U.S. economy. The increase in employment opportunities is mainly due to the growth of international trade.
2. Increase in consumer options: Consumers in the U.S. economy have a wide range of products and services to choose from due to globalization.
3. Increased competition: Globalization has increased competition in the U.S. economy. The competition has resulted in increased efficiency and productivity, which has led to lower prices for consumers.However, globalization has had both positive and negative effects on the U.S. economy.
The U.S. consumer has benefited from globalization by having access to a wider range of goods and services at lower prices. However, low-skilled workers in the U.S. economy have lost jobs due to outsourcing. In conclusion, globalization has had a significant impact on the U.S. economy. Its effects are mixed, with some winners and losers.
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How did Pedro Cabral discover new lands in South America
O He was looking for a southwest passage to Asia.
O He was sailing off the coast of Africa when he traveled too far wes
He was looking for new markets for Portuguese products.
He was searching for gold owned by New World natives.
Bac
Submit
Answer:
O He was looking for new markets for Portuguese products.
mario lives in a state that requires an abstract of title for property conveyance. the chain of title is broken approximately 50 years prior to the current date. which of these properly identifies the status of mario's title?
A claim or encumbrance known as a "cloud on title" affects a property's ownership and may deter potential buyers in the future. The status of Mario's title is considered to be "clouded" due to the broken chain of title. A clouded title is one that has an unclear or uncertain ownership history, which can create difficulties in transferring ownership of the property.
In Mario's case, the broken chain of title 50 years prior to the current date means that there is a gap in the ownership history, which can raise questions about who truly owns the property. This can make it difficult for Mario to sell or transfer ownership of the property without first resolving the issue and obtaining a clear title.
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list and explain the four major orientations to the approach and practice of retailing as described in chapter 1 of the textbook. g
Each of these orientations plays an important role in the approach and practice of retailing, and successful retailers typically incorporate elements of all four orientations in their business strategy.
The four major orientations to the approach and practice of retailing, as described in Chapter 1 of the textbook, are:
1. product orientation: This approach focuses on the quality and variety of products that a retailer offers. Retailers with a product orientation aim to provide customers with a wide selection of high-quality products to choose from.
2. customer orientation: This approach focuses on understanding and meeting the needs and wants of customers. Retailers with a customer orientation aim to provide excellent customer service and to build long-term relationships with their customers.
3. The operations orientation: This approach focuses on the efficient and effective management of retail operations. Retailers with an operations orientation aim to reduce costs and increase efficiency in order to maximize profits.
4. The strategic orientation: This approach focuses on the long-term strategic planning and positioning of the retailer. Retailers with a strategic orientation aim to develop a competitive advantage and to adapt to changes in the market.
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Draw a typical set of U-shaped, short-run average costs curves
(include ATC and AVC) and a marginal-cost curve (MC).
To draw a typical set of U-shaped, short-run average cost curves, start with a graph that has a vertical axis for Cost (C) and a horizontal axis for Quantity (Q).
Then, draw the Average Total Cost (ATC) curve by plotting the points that represent the average total cost of producing various levels of output.
Next, draw the Average Variable Cost (AVC) curve by plotting the points that represent the average variable cost of producing various levels of output. Finally, draw the Marginal Cost (MC) curve by plotting the points that represent the marginal cost of producing additional units of output.
Note that both the ATC and AVC curves will be U-shaped and will have the same shape, however, the ATC curve will always be higher than the AVC curve since it includes fixed costs.
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Why is investment spending so volatile? Does the volatility of
investment mean that policy changes by the government have no
impact on investment?
Investment spending is volatile because it is closely tied to economic conditions such as changes in interest rates, business confidence, and expectations of future growth.
These factors can fluctuate rapidly, leading to changes in investment decisions made by businesses. Policy changes by the government can have an impact on investment, but the extent of the impact may be limited by the volatility of investment. For example, a decrease in interest rates may encourage businesses to increase investment spending, but if business confidence is low or there is uncertainty about the future economic outlook, this may not translate into increased investment.
In general, government policies that create a stable and predictable economic environment are more likely to encourage long-term investment. Additionally, policies that target specific industries or sectors may also be effective in stimulating investment in those areas.
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Recall the Krautmann and Berri (2007) model for revenues per game: TR= RT(Q) + RC(Q) + RRS + RB.
Where: RT are ticket revenues, RC are concession revenues, RRS are revenues from league-wide revenue sharing and RB are broadcasting revenues. Q represents ticket sales per game.
Suppose we have the following for demand for tickets (P in dollars): Q = 6000 – 25P
Suppose total costs (in dollars) are: TC = 10000 + 0.5Q
Suppose that for each ticket sold, net concession revenues rise by a constant 10 dollars per ticket. That is,
RC (Q) = 10Q
Let RRS and RB be fixed and equal to 800 and 1000, respectively.
a. Determine the optimal ticket price (PT), quantity (QT) and team profits (πT) if the owner ignores the functional relationship between revenues from concessions and quantity of tickets sold (i.e. ignores the fact that RC is a function of Q). [Note: you will find fractional values for Q. Go ahead and use those fractional values.]
b. Suppose an economist is hired and informs the owner that there is indeed a linkage between concession revenues and the quantity of tickets sold. Determine the optimal ticket price (P*), quantity (Q*) and the resulting maximal profits (π*) given this new information.
The optimal ticket price (P*) is $104, the optimal quantity (Q*) is 4800, and the resulting maximal profits (π*) is $280,000 (TR - TC).
a. To determine the optimal ticket price, quantity and team profits when ignoring the functional relationship between revenues from concessions and the quantity of tickets sold, we must set the total revenue equal to the total costs.
TR = RT (Q) + RC (Q) + RRS + RB
TR = 6000 - 25P + 10Q + 800 + 1000
TC = 10000 + 0.5Q
6000 - 25P + 10Q + 800 + 1000 = 10000 + 0.5Q
6000 - 25P + 10.5Q + 1800 = 10000
-25P + 10.5Q = 4000
-25P = 4000 - 10.5Q
P = (4000 - 10.5Q) / -25
Q = 6000 - 25P
Substituting P into Q, we get:
Q = 6000 - 25((4000 - 10.5Q)/-25)
Q = 6000 + 100Q - 4000
Q = 2000
P = (4000 - 10.5(2000))/-25
P = 120
Therefore, the optimal ticket price (PT) is $120, the optimal quantity (QT) is 2000, and the resulting team profits (πT) is $200,000 (TR - TC).
b. To determine the optimal ticket price, quantity and the resulting maximal profits given this new information, we must take into account the functional relationship between revenues from concessions and the quantity of tickets sold.
TR = RT (Q) + RC (Q) + RRS + RB
TR = 6000 - 25P + 10Q + 800 + 1000
TC = 10000 + 0.5Q
Setting total revenue equal to total costs, we get:
6000 - 25P + 10Q + 800 + 1000 = 10000 + 0.5Q
-25P + 10.5Q = 4000
Substituting Q into RC (Q) = 10Q, we get:
RC (Q) = 10 (6000 - 25P)
TR = 6000 - 25P + 10 (6000 - 25P) + 800 + 1000
TR = 15000 - 25P
TC = 10000 + 0.5Q
Setting total revenue equal to total costs, we get:
15000 - 25P = 10000 + 0.5Q
25P = 5000 + 0.5Q
P = (5000 + 0.5Q) / 25
Q = 6000 - 25P
Substituting P into Q, we get:
Q = 6000 - 25((5000 + 0.5Q) / 25)
Q = 4800
P = (5000 + 0.5(4800)) / 25
P = 104
Therefore, the optimal ticket price (P*) is $104, the optimal quantity (Q*) is 4800, and the resulting maximal profits (π*) is $280,000 (TR - TC).
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What is classical conditioning? Explain it in terms of the US, UR, CS, and CR.
Classical conditioning is a type of learning in which an organism learns to associate one stimulus with another. This is achieved through the repeated pairing of an unconditioned stimulus (US) with a conditioned stimulus (CS), resulting in a conditioned response (CR) to the CS.
The US is a stimulus that naturally and automatically triggers a response. For example, the smell of food is a US that naturally triggers salivation (the unconditioned response, or UR) in an animal.
The CS is a previously neutral stimulus that, after being paired with the US, eventually triggers the CR. For example, if a bell is repeatedly rung just before the smell of food is presented, the bell becomes the CS and eventually triggers salivation (the CR) even in the absence of the US.
In summary, classical conditioning involves the learning of a new association between a previously neutral stimulus (the CS) and a naturally occurring stimulus (the US), resulting in a learned response (the CR) to the CS.
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Why is Canada smaller than India
Answer:
Explanation:
Canada is smaller than India in terms of population and land area.
In terms of land area, Canada is the second-largest country in the world after Russia, with a total area of approximately 9.98 million square kilometers. In contrast, India has a total area of approximately 3.29 million square kilometers, making it significantly smaller than Canada.
In terms of population, India is much larger than Canada. As of 2021, India had an estimated population of over 1.39 billion people, making it the second-most populous country in the world after China. In contrast, Canada's population is around 38 million people.
Therefore, while Canada may be larger in terms of land area, India has a much larger population.
Based on the image above write a definition of political culture below
Can someone answer this question
Which describes literature during the Goryeo dynasty?
Responses
A) It was controlled by rulers that would not tolerate any religion except Confucianism.It was controlled by rulers that would not tolerate any religion except Confucianism.
B) It included books on history, sacred texts, and legends by both Buddhist and Confucian scholars.It included books on history, sacred texts, and legends by both Buddhist and Confucian scholars.
C) It was mostly the domain of Chinese-born monks and scholars sent to Korea by the Tang dynasty.It was mostly the domain of Chinese-born monks and scholars sent to Korea by the Tang dynasty.
D) It contained very little poetry or drama but was focused on history, philosophy, and religious teachings.
Literature described the Goryeo dynasty as being included books on history, sacred texts, and legends by both Buddhist and Confucian scholars. The Option B is correct.
What was the Goryeo dynasty known for?Goryeo was a Korean state founded in 918, during the Later Three Kingdoms period of national division, that unified and ruled the Korean Peninsula until 1392. Korean historians have referred to Goryeo as a "true national unification" because it not only unified the Later Kingdom but also the Republic of Korea.
Three Kingdoms, but also included a large portion of the ruling class of the northern kingdom of Balhae, which had its origins in Goguryeo, one of Korea's earlier Three Kingdoms. The name "Korea" is derived from the name Goryeo, also romanized as Kory, which was first used by Goguryeo in the early 5th century.
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explain 3 government policies or programs used to promote
national trade, and 3 government policies that encourage foreign
direct investment please
Governments can encourage foreign direct investment by creating a stable political environment that is conducive to investment.
Government Policies or Programs Used to Promote National Trade:
1. Tariffs: Governments may use tariffs to protect domestic industries by setting taxes on imported goods.
2. Export Subsidies: These are government subsidies given to domestic companies to make their products more competitive in the global market.
3. Free Trade Agreements: Governments may negotiate free trade agreements with other countries, reducing or eliminating tariffs and other barriers to trade.
Government Policies that Encourage Foreign Direct Investment:
1. Tax Incentives: Governments may offer tax incentives to attract foreign direct investment.
2. Reduced Regulatory Burdens: Governments may reduce or eliminate certain regulations or bureaucratic processes to make it easier for foreign investors to operate in their country.
3. Investment Guarantees: Governments may provide guarantees for foreign investments, ensuring that investors can receive returns even in the face of economic or political instability.
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a person who is more intuitional (N) than sensing (S) in the MyersBriggs test is:
A person who scores more highly in the intuition (N) than sensing (S) category on the Myers-Briggs test tends to rely more on their intuition (intuitive person).
They also tends to rely more on imagination, and abstract thinking than on direct sensory experiences and practical, tangible information.
People with a preference for intuition are more likely to focus on possibilities, patterns, and connections between things, rather than on facts, details, and concrete reality. They may be more interested in exploring abstract concepts and ideas, and may be more comfortable with ambiguity and uncertainty than those who prefer sensing.
This preference can be helpful in fields that require creativity, innovation, and long-term planning, but may be less advantageous in situations that require a strong focus on concrete details and immediate action.
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When you are preparing to drive with passengers over 18 years of age in the front and rear seats of your vehicle, you must
Even if the car has an air bag, the driver must insist on wearing a seatbelt.
How can a seatbelt assist prevent accidents?The function of a seat belt, also referred to as a safety belt or seatbelt, is to safeguard the vehicle's driver or passenger from potentially hazardous movement that could happen during an accident or an abrupt stop. By lessening the force of secondary hits with interior striking hazards, retaining occupants in the proper position for the airbag's optimal effectiveness (if provided), and preventing people from being ejected from the vehicle after a crash or if the vehicle rolls over, a seat belt lowers the likelihood of death or serious injury in a traffic collision.
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Three firms have identical revenue and profit functions. Firm 1 is a private sector firm operated by an owner-manager who wishes to maximize profit. Firm 2 is managed by an revenue-maximizing manager whose pay is proportional to the firm's revenue. Firm 3 is a government-owned firm that has been instructed to maximize the amount of employment, L, subject to the constraint that revenue must not be negative.
Each of the three firms has a revenue function:
R(q)= 180q-2q^2
And a cost function of
C(q) = 20+40q
Determine how much output each firm chooses
Firm 1 will produce such that : Q= ____ Units ?( Enter response as a whole number for all 3)
Firm 2 will produce such that: Q = _____ Units ?
Firm 3 will produce such that: Q = ____ Units ?
Firm 1 will produce 45 units, Firm 2 will produce 45 units and Firm 3 will produce 45 units.
Firm 1: The output level that will maximize the profit is the one that produces the highest difference between revenue and cost. This can be calculated by taking the derivative of the revenue and cost functions and equating them to zero. Doing this, we get:
Revenue: R'(q) = 180 - 4q = 0 => q = 45
Cost: C'(q) = 40 = 0 => q = 0
Therefore, Firm 1 will produce 45 units.
Firm 2: The output level that will maximize the revenue is the one that produces the highest value of revenue. This can be calculated by taking the derivative of the revenue function and equating it to zero. Doing this, we get:
R'(q) = 180 - 4q = 0 => q = 45
Therefore, Firm 2 will produce 45 units.
Firm 3: The output level that will maximize the employment, L, subject to the constraint that revenue must not be negative is the one that produces the highest value of employment. This can be calculated by taking the derivative of the revenue and cost functions and equating them to zero. Doing this, we get:
Revenue: R'(q) = 180 - 4q = 0 => q = 45
Cost: C'(q) = 40 = 0 => q = 0
Therefore, Firm 3 will produce 45 units.
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But, please describe one highly invasive and one minimally
invasive consumption behavior that may recast one’s self-identity.
CONSUMPTION BEHAVIOR. NOT JUST BEHAVIOR. MARKETING Based
question
Highly invasive consumption behavior is when a consumer chooses to purchase or use products or services that create a distinct self-identity, such as brand name clothing or expensive cars.
Minimally invasive consumption behavior is when a consumer chooses to purchase or use products or services that don't create a distinct self-identity, such as generic items or thrift store purchases.
Invasive consumption behavior can lead to a shift in one's self-identity, while minimally invasive consumption behavior may have a minimal impact.
The following are examples of invasive and minimally invasive consumption behaviors:
Highly invasive consumption behavior: A highly invasive consumption behavior is purchasing luxury items. People who purchase luxury items, such as designer clothing, high-end cars, and expensive jewelry, do so to demonstrate their status and wealth. People who purchase luxury items often become emotionally attached to them and see them as a part of their identity.
Minimally invasive consumption behavior: A minimally invasive consumption behavior is purchasing environmentally friendly products. People who purchase environmentally friendly products do so to demonstrate their commitment to the environment. While this behavior is not typically seen as invasive, it can have a positive impact on one's self-identity.
By purchasing environmentally friendly products, individuals can feel as though they are doing their part to protect the planet.
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During a lesson you're observing, ms. Mcfail asks deaver a question for which the student cannot immediately provide an answer. Ms. Mcfail could reasonably try all of the following strategies, but which one is least likely to be helpful in terms of the student's learning?
The least likely strategy will be allowing the student to pass to avoid the discomfort of the students.
When addressing the problems of any student in his studies the teachers should not use strategies which can be beneficial for the students for short term and they should rather use the techniques that are beneficial for longer terms. In this case when Ms. Mcfail asks Deaver a question and he fails to answer the question then instead of letting the student pass to avoid his discomfort Ms. Mcfail should use strategies that would help the student to learn the answer and make him remember the answer for longer terms. These short term strategies may make the student helpless in future.
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1. Debate and distinguish "Transactional from Value" selling.
2. Point out the main characteristics for both types of selling
3. Discuss the skills a sales person should have to succeed in transactional selling and value selling
Transactional selling is a type of selling that focuses on short-term sales goals and focuses on the immediate sale of a product or service.
What is sale?Sale is the act of exchanging goods or services for money. It is a transaction between a buyer and seller, where the seller agrees to give the buyer goods or services in exchange for a certain amount of money.
It is often associated with the exchange of goods or services for money, and it is typically done on an individual sale basis. This type of selling is often used to make a quick sale and move on to the next customer.
The main characteristics of transactional selling are that it is focused on the sale of an individual product or service, it is often done on an individual sale basis, and its goal is to make a quick sale and move on to the next customer.
Value selling, on the other hand, is a type of selling that focuses on long-term relationships and emphasizes the value of the product or service being sold. This type of selling is focused on building relationships with customers and providing a higher value for their purchase. It is often used to build customer loyalty and make sure that customers keep coming back for more.
The main characteristics of value selling are that it is focused on building relationships with customers and providing a higher value for their purchase, it is often used to build customer loyalty, and it emphasizes the long-term value of the product or service being sold.
A sales person should have the following skills to succeed in transactional selling: the ability to make quick sales, persuasive skills, and knowledge of the product or service being sold. To succeed in value selling, a sales person should have the following skills: the ability to build relationships with customers, persuasive skills, and the ability to explain the value of the product or service being sold.
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suggest three initiatives that grade 10 learners may consider implementing to foster unity after having been divided by discriminatory tendencies. also indicate how each initiative could help decrease future discriminatory cats in your school
All students can gain the understanding and abilities they require to become engaged and successful members of society through the use of an equitable educational system.
What unique ways do you as a school and young person want to advance equality?Consider these ideas to encourage diversity and equality in your school: combating students' unfavourable attitudes. avoiding prejudices in teaching materials and real-world scenarios. Establishing unambiguous guidelines for behaviour towards one another. Giving all kids a fair start would also improve the economic and social results for people, communities, and nature as a whole. As a teacher, one can serve as a mediator and promote dialogue and constructive disagreement between opposing viewpoints. Group projects are an excellent method to expose kids to other viewpoints and provide them the opportunity.To know more about Group projects visit:
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Why
would Hootsuite produce a video that celebrates Herschel's company
and barely mentions Hootsuite?
Hootsuite would produce a video that celebrates Herschel's company and barely mentions Hootsuite to build brand partnerships and increase reach. The answer to the question is: To build brand partnerships and increase reach.
A brand partnership is an agreement between two or more businesses to combine resources and share revenue. The partnership might be for a product, a service, an event, or a marketing campaign. Each brand must have a solid brand identity and reputation to be successful in the collaboration.
The reasons for producing a video that celebrates Herschel's company and barely mentions Hootsuite include: To reach a broader audience: Herschel has a well-established following, and Hootsuite can benefit from it. By partnering with Herschel, Hootsuite can expand its reach to a new audience.
To build brand partnerships: Herschel is a successful brand, and the partnership can add value to both companies. Herschel could leverage Hootsuite's digital expertise, while Hootsuite could benefit from Herschel's aesthetic expertise.
To add credibility to the partnership: Herschel's reputation and Hootsuite's digital expertise are combined in this partnership. This video showcases the shared values and helps add credibility to the partnership. To create a buzz: The video was created to create a buzz and engage the target audience.
Creating a video that celebrates Herschel's company helps to create a buzz and generate engagement and interest from both audiences.
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Draw a demand curve from the accompanying demand schedule. Show where the curve is elastic, inelastic and unit elastic. Use different points on the curve to prove your answer by using the mid-point method. Explain what the different types of elasticity means. Why are firms interested in the type of elasticity of demand?
The demand schedule is not included in the question. Hence, the question cannot be answered directly. However, the steps to draw a demand curve from the accompanying demand schedule are given below.
Steps to draw a demand curve:
1. Identify the price and quantity demanded pairs from the demand schedule.
2. Plot the price on the vertical axis and the quantity demanded on the horizontal axis.
3. Mark the price-quantity pairs on the graph and connect them to form a smooth curve.
Now let's understand the types of elasticity of demand and how to find them:
Elastic demand: The demand is said to be elastic when a small change in price causes a larger change in the quantity demanded. The elasticity of demand is greater than 1.
Inelastic demand: The demand is said to be inelastic when a large change in price causes a small change in the quantity demanded. The elasticity of demand is less than 1.
Unit elastic demand: The demand is said to be unit elastic when a change in price causes an equal proportional change in quantity demanded. The elasticity of demand is equal to 1.
The mid-point method can be used to find the types of elasticity of demand. It is a formula that helps in calculating the elasticity of demand when the price and quantity demanded are given.
The mid-point method formula is given as follows:
Elasticity of demand = (Q2 - Q1) / [(Q2 + Q1) / 2] / (P2 - P1) / [(P2 + P1) / 2]
If the elasticity of demand is greater than 1, the demand is elastic. If the elasticity of demand is less than 1, the demand is inelastic. If the elasticity of demand is equal to 1, the demand is unit elastic.
Firms are interested in the type of elasticity of demand because it helps them determine the price and quantity demanded relationship. If the demand is elastic, they have to be careful while increasing the price because it might result in a decrease in revenue due to the decrease in quantity demanded. If the demand is inelastic, they can increase the price as the change in quantity demanded is not significant.
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Suppose that a monopolist faces a demand function P=20-Q. Suppose that the monopolists marginal cost is 15 regardless of how many units the monopolist produces. Answer the following series of questions. What is the total surplus created? Now suppose that this monopolist operated as if it were a perfectly competitive firm. Answer the next series of questions under this assumption. What is the total surplus created?
The total surplus created in a perfectly competitive market is 5Q. The total surplus created by the monopolist is equal to the difference between the total revenue and total cost.
Total revenue is equal to the demand times the quantity, which in this case is (20-Q) * Q = 20Q - Q2. Total cost is equal to the marginal cost times the quantity, which is 15Q. Therefore, the total surplus created is 20Q - Q2 - 15Q = 5Q - Q2.
If the monopolist operated as if it were a perfectly competitive firm, the total surplus would be equal to the consumer surplus plus the producer surplus. In a perfectly competitive market, price is equal to marginal cost, so the price would be 15 in this case. The consumer surplus would be the area between the demand curve and the price (15), so it is equal to (20 - 15) * Q = 5Q. The producer surplus would be the area between the price (15) and the marginal cost (15), so it is equal to 0. Therefore, the total surplus created in a perfectly competitive market is 5Q.
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Workplace safety laws are ___ in developed countries because Group of answer choices
A. rare; policy makers believe that they undermine the free market system.
B. rare; corporate lobbyists convince legislators to vote against them.
C. necessary; without them firms that hire workers in competitive labor markets would have no incentive to provide safe workplaces.
D. common; policy makers believe that labor markets are not perfectly competitive and so firms may not provide the optimal level of safety.
"Workplace safety laws are common in developed countries because policy makers believe that labor markets are not perfectly competitive and so firms may not provide the optimal level of safety." Option D is correct.
Developed countries recognize the importance of workplace safety regulations to ensure that workers are not exposed to unnecessary risks. In a competitive labor market, employers may prioritize cost-cutting measures over safety, resulting in unsafe working conditions.
Policy makers believe that safety regulations can provide incentives for firms to prioritize worker safety and prevent workplace accidents. Therefore, developed countries have implemented workplace safety laws to ensure that employers maintain safe working conditions, protecting the well-being of their employees.
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In Example 2.8, we discussed the recent increase in world demand for copper, due in part to China's rising consumption. Using the original elasticities of demand and supply (i.e., Es = 1.5 and ED = -0.5), calculate the effect of a 20-percent increase in copper demand on the price of copper. Recall that the demand equation is Q = 27 - 3P, the supply equation is Q = -9+9P, the initial equilibrium price is p* = $3.00 (dollars per pound), and the initial equilibrium quantity is Q* = 18 (million metric tons per year). As a result of this change in demand, the price of copper will increase by $.29. (Enter your response rounded to two decimal places.) Now calculate the effect of this change in demand on the equilibrium quantity, Q*. by million metric tons per year. (Enter your response rounded to As a result of this change in demand, the equilibrium quantity will two decimal places.)
As a result of this change in demand, the equilibrium quantity will decrease by 0.60 million metric tons per year. The new equilibrium quantity of copper will be 17.4 million metric tons per year.
Elasticity refers to the degree of responsiveness of supply and demand in response to changes in price or income. Demand elasticity is a measure of how much demand changes as a result of a price change. Supply elasticity is a measure of how much supply changes as a result of a price change.
In this question, we are asked to calculate the effect of a 20% increase in copper demand on the price of copper using the original elasticities of demand and supply.The demand equation is Q = 27 - 3PThe supply equation is Q = -9 + 9PP = (Q + 9) / 9Substitute P in Q = 27 - 3PQ = 27 - 3 ((Q + 9) / 9)Simplifying,Q = 24 - (1/3)QNew quantity demanded after a 20% increase isQ2 = 1.2 Q1where Q1 is the original quantity demandedQ2 = 1.2 x 18Q2 = 21.6Equilibrium price before the increase in demand is$3.00 per poundTherefore,P1 = $3.00 per poundThe effect of a 20% increase in copper demand on the price of copper is:P2 = P1 × (1 + ED/ES) × (Q2/Q1)P2 = $3.00 × (1 - 0.5/1.5) × (21.6/18)P2 = $3.29 per pound
The price of copper will increase by $.29 as a result of this change in demand.The initial equilibrium quantity is Q* = 18 million metric tons per year. The effect of the change in demand on the equilibrium quantity is calculated as follows:Q2 = 21.6 million metric tons per yearQ1 = 18 million metric tons per yearTherefore,∆Q = Q2 - Q1= 21.6 - 18= 3.6 million metric tons per year As a result of this change in demand, the equilibrium quantity will decrease by 0.60 million metric tons per year. The new equilibrium quantity of copper will be 17.4 million metric tons per year.
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The 20-year-old university student who isn't working and is not
actively seeking a job would be considered part of the labor force
because they are over 16.
true or false
The answer is False. The 20-year-old university student who isn't working and is not actively seeking a job would be considered part of the labor force because they are over 16 is a false statement.
What does work look like in practice?Labor is the effort that individuals put in the making of commodities and services. Both the engineer who built the bus that delivers you to school and the waiter who gives your lunch at a near restaurant are examples of labor resources.
The many types of labor in economics?Unskilled labor is work that doesn't call for any specialized knowledge or expertise. Not as much as expert labor, semi-skilled work still requires some knowledge and training. Work that need a high degree of education and expertise is referred to as skilled labor.
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HELP ME WITH THIS FOR BRAINLIST AND 5 STARS!!! :(((
Can someone answer this question really quick
How did the proximity of China influence the growth of Korea?
Select all that apply.
Responses
A) Chinese ideas were accepted in Korea, allowing for migration. Chinese ideas were accepted in Korea, allowing for migration.
B) Korea created celadon pottery, which China copied. Korea created celadon pottery, which China copied.
C) War with the Tang dynasty unified the Korean people. War with the Tang dynasty unified the Korean people.
D) Metal moveable type from China allowed for communication.
Answer: because Korea helped China
Explanation:
because in the world war2 and 1
GNC membership. GNC provides a membership program that allows members who have paid the annual fee to receive discounts, free shipping, and pro boxes. There is a perceived value added for customers that buy in bulk or shop at GNC frequently. explain Price Discrimination
Price Discrimination is defined as the practice of selling a product or service to different customers at different prices. In other words, price discrimination refers to charging different prices for the same product or service, depending on the customer or the circumstances.
Price discrimination can be done in many ways, such as charging higher prices to customers who are willing to pay more, or lower prices to customers who cannot afford to pay full price.
Companies can also use pricing strategies to attract customers to buy in bulk or shop frequently, such as offering membership programs that provide discounts, free shipping, and other benefits.
GNC provides a membership program that allows members who have paid the annual fee to receive discounts, free shipping, and pro boxes. There is a perceived value added for customers that buy in bulk or shop at GNC frequently. This is an example of price discrimination because GNC charges different prices for the same products or services, depending on whether the customer is a member or not.
GNC's membership program is designed to attract customers who are willing to pay more for the perceived value added by the program. By doing so, GNC is able to maximize profits by charging different prices to different customers based on their willingness to pay.
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