Let P Represent the Statement I Am Happy and Q $\rightarrow$

question 22

Multiple Choice

Let p represent the statement I am happy and q represent the statement I enjoy my job. Express the given statement in symbolic form: I am not happy only if I enjoy my job.

• A)(NOT q) \(\rightarrow\) p
• B)(NOT p) \(\rightarrow\) q
• C)p \(\rightarrow\) (NOT q)
• D)q \(\rightarrow\) (NOT p)

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Definitions:

Representative Firm

A theoretical concept or model used to represent the average or typical firm within an industry, often for analytical purposes.

Decrease in Demand

A downward shift in the demand curve, indicating that consumers now want to purchase less of a good at all price levels.

Purely Competitive Industry

An industry characterized by numerous small firms producing identical products where no single firm can influence market price.

Industry Contraction

A phase in the business cycle where there is a decrease in economic activity within a particular industry, often characterized by reduced output and employment.