bedsaul12345
22.10.2019 •
Business
Concepts are ones that we know by a specific set of characteristics that are always exhibited
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Ответ:
Artificial
Explanation:
When we do not observe or understand any concept directly from our subjective experience, it is an artificial concept. Therefore, there are a specific set of exhibited characteristics which are not natural — for example, defining various basic shapes such as geometric shapes. Square has a particular set of attributes of four equal sides, for instance. Again, a triangle has three sides and three angles. The artificial concept can expand the knowledge by giving the original meaning of something before proceeding to the formulas.
Ответ:
1 unit of X must be sacrifised to gain a unit of Y, with satisfying Budget Constraint .
Explanation:
Budget Line shows the product combinations that a consumer can buy with given prices & money income (spending all) . Equation : P1X1 + P2X2 = M
Price ratio slope of the budget line i.e = P1/P2 : shows the amount of a good needed to be sacrifised to gain a unit of the other good , given prices & income.
So, Price Ratio : PX / PY = 2 / 2 = 1 in this case; implies 1 unit of Good X is needed to be sacrifised to gain a unit of good Y with given prices & income.