Answer:
II) "As the cost of producing eggs rises, the supply of eggs will tend to fall."
Explanation:
The term supply refers to the quantities of a product that firms are willing to sell at the market price at a specific price or at different prices. Several factors, such as demand, cost of inputs, competition, among others, may influence the supply. As per the law of supply, everything else remaining constant, suppliers will be to sell more at higher prices.
Statement 11 describes supply better that statement 1. In statement 11, an increase in the cost of producing eggs decreases the profit realized from the sale of eggs. When the production of eggs is costly, suppliers may not have the resources to produce them in bulk. The statement recognizes that supply is influenced by demand. An increase in cost will force the suppliers to raise prices, which may lead to reduced demand.
Statement 1 asserts that an increase in price will lead to an increase in price. If the increase in price is a result of an increase in the cost of inputs, then suppliers may not increase the supply. An increase in price, followed by an increase in supply, will result in a market surplus. An increase in prices causes a decline in demand.
The correct answer is (c) lower levels of internal competition
Transformational leadership can be defined as a leadership approach that causes a change in individual and its social systems. Its main goal is to change an individual in a positive way so that it changes a follower into a leader. The competition at lower levels will increase if an individual will become leader from a follower. If there will be lower levels of internal competition, this is not positively associated with transformational leadership.
Answer: a side-effect of an activity that affects bystanders whose interests are not taken into account.
Explanation:
Externalities are side effects which can either be positive or negative that affect third parties n a transaction that they had no say over and whose interests were never taken into account.
The positive externalities benefit society but the negative ones reduce the overall welfare of society. For instance, the cigarette smoke from a smoker causing illness in another who wasn't smoking due to second hand smoke - this is negative.
Answer:
A. put decision-making authority in the hands of those closest and most knowledgeable about the situation.
Explanation:
Decentralisation reduces the number of people participating in day-to-day decision-making. As a result, decision-making authority was transferred to those who were closest to the case and this is the main advantage of decentralized organizational structure.
Hence, option a is correct answer for given situation.