Answer:
a. 0.60
Explanation:
The formula to compute the price elasticity of supply using the midpoint formula is shown below:
= (change in quantity supplied ÷ average of quantity supplied) ÷ (percentage change in price ÷ average of price)
where,
Change in quantity supplied is
= Q2 - Q1
= 30 - 20
= 10
And, average of quantity supplied is
= (30 + 20) ÷ 2
= 25
Change in price is
= P2 - P1
= $20 - $10
= $10
And, average of price is
= ($20 + $10) ÷ 2
= 15
So, after solving this, the price elasticity of supply is 0.60
Answer:
C. it will sell its products only to people who agree to buy only from it and not from rival firms.
Explanation:
Generally, any business can choose its business partners. But, under certain circumstances, there are limits on this freedom for a firm with a big market power.
There is an attempting to define those limited situations when this kinds of firm may violate antitrust law:
- The first option is that it violate the antitrust law by refusing to do business with other firms, or do business but under certain requisites. The key here is how the refusal to deal helps the monopolist maintain its empire, or allows the monopolist make an strategy where its monopoly is use in another market to attempt to monopolize other market.
- They can also refuse to deal with customers or suppliers, what cause the effect of preventing them from dealing with a rival: "If you deal with my competitor, I refuse to deal with you."
- Also, regarding to a firm dealing with its competitors, if the monopolist refuses to sell a product or service to a competitor and it makes it available to others, or if the monopolist has done business with the competitor and then stops, then the monopolist needs a legitimate business reason for its actions.
Answer:
d. Making the guest welcome, making the operation run correctly, keeping control operating costs.
Explanation:
The basic work of managers in the hospitality industry calls for: Making the guest welcome, making the operation run correctly, keeping control operating costs.
The hospitality industry's backbone is comprised of customer service, it is the foundation and cornerstone of all segments of the industry. A business may focus on one or all facets of hospitality but the level of success achieved is dependent on how well the managers and staff, are serving their customers.
If an organization wanted to improve employee involvement, efficiency, and customer satisfaction, the kind of analysis they might conduct is <u>Workflow analysis.</u>
<h3>What is workflow analysis?</h3>
Workflow analysis can be defined as the process of assessing an employee workflow so as to know their performance and to as well improve the employee efficiency leading to work productivity.
Companies tend to make use of workflow analysis so as to eliminate the work inefficiencies and improve efficiency.
Therefore If an organization wanted to improve employee involvement, efficiency, and customer satisfaction, the kind of analysis they might conduct is <u>Workflow analysis.</u>
Learn more about workflow analysis here:brainly.com/question/26506249
#SPJ1
Hi, I provided some suggestions about how you go about writing your letter.
<u>Explanation:</u>
Note that in this scenario, the letter is going to be addressed in a formal way since the letter is been addressed to someone holding an official office/position.
It is important for the sender to note these details as he constructs the letter to the Addressee (the person receiving the letter).
- Clearly include the address of the writer (in this case your own address)
- Date
- Mention the Designation of the Addressee (in the case, The editor of the english newspaper).
Should also include:
-
Address of the Receiver
- Salutation or Greeting
- Subject
- The body of the letter (which should detail the main intent or content of the letter).
- Conclusion, finally include
- Complimentary Close with the Name and Signature of the Sender.
