What Are the Advantages and Disadvantages of the Following Mobility

question 43

Essay

What are the advantages and disadvantages of the following mobility aids: the long cane,human guides,and guide dogs?

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Definitions:

Variable Cost

Costs that vary in total with changes in the level of production or other business activities.

Market Price

The existing cost for purchasing or selling an asset or service on the open market.

Purely Competitive Market

A market structure characterized by many buyers and sellers, all of whom sell identical products, which results in the agents having no control over prices.

Economic Profit

The difference between a firm's total revenue and its total costs, including both explicit and implicit costs.