Incentives influence people’s economic decisions by
a. making it easier to perform a cost-benefit analysis of a decision
b. making certain choices more beneficial than others
c. reducing the marginal benefits for a particular choice
d. removing the opportunity costs of making a decision
Answers: 2
Business, 22.06.2019 19:30, michael1498
Which of the following businesses is most likely to disrupt an existing industry? a. closer connex developed an earphone that receives emails and text messages and converts them to voice messages. the first models had poor reception, but they rapidly improved over time. b. mega technologies reconfigured the components used in its touchscreen tablets to create a new type of wearable device for use in restaurants and other service industries. c. particle inc. developed a teleportation technology that can transport physical materials instantaneously across great distances. d. altrea added advanced camera technology to its premium line of smartphones so that they would take the highest-quality photos of all phones on the market.
Answers: 1
Business, 23.06.2019 00:30, humpty21
One of the growers is excited by this advancement because now he can sell more crops, which he believes will increase revenue in this market. as an economics student, you can use elasticities to determine whether this change in price will lead to an increase or decrease in total revenue in this market. using the midpoint method, the price elasticity of demand for soybeans between the prices of $5 and $4 per bushel is , which means demand is between these two points. therefore, you would tell the grower that his claim is because total revenue will as a result of the technological advancement.
Answers: 1
Incentives influence people’s economic decisions by
a. making it easier to perform a cost-benefit a...
Mathematics, 07.12.2020 22:20
Mathematics, 07.12.2020 22:20
Mathematics, 07.12.2020 22:20
Mathematics, 07.12.2020 22:20