Answer:
The answer is: C) the elasticity of demand, where the shortages will be larger if demand is more inelastic.
Explanation:
When the demand for a product is completely inelastic it means that the quantity demanded for that product will be the same whether its price increases or decreases. Rarely any product is completely inelastic, but inelasticity shows a tendency of buyers to keep buying a product even if its price rises, for example gasoline.
Inelastic products don´t follow the law of supply and demand, since the price doesn´t alter the demand.
If suppliers can produce enough goods (product shortages) and the quantity demanded stays the same, the price will rise. But if the demand for the product is inelastic then the shortage will get worse since every time more people will want to buy the product and their will be less product to buy.
Answer: D. All of the above.
Explanation:
Answer: When workers are given the best working conditions a company can afford.
Explanation:
A good job is done in Human resource management in an organization when it has ensured that staff are given the best working conditions the company can afford. In a hospital for instance, where the staff population is mainly made up of nurses and doctors, an approach can be done to give the workers quality working conditions such as:
1.) Effective work shift, to avoid overstressing employees.
2.) Workers paid adequately and on time.
3.) Granting workers seasonal leaves for rest.
Answer:
A: Optimization in differences
B: Optimization in levels
C: Optimization in differences
D: Optimization in levels
Explanation:
Optimization in levels <em>Vs.</em> Optimization in differences
Optimization in levels is a method of selecting different alternatives on the basis of calculating net benefits( net benefits = benefits - costs) a person realizes from those alternatives.
Optimization in differences, on the other hand, is a method of selecting different alternatives on the basis of calculating change in levels of costs and change in levels of benefits to derive net change in benefits.
How to choose?
<u>Optimization in levels</u>: (net benefit) look at total benefit – total cost
<u>Optimization in differences</u>: look at the change in the net benefit of one option compared to another
