Answer:
The correct answer is C
Explanation:
Positive technological change or variation occurs or happen when the business or the firm is able to produce or manufacture more amount of output by using the same amount of inputs or the same output which have the fewer inputs.
The example of positive technological change occurs when the firm or the business installs the faster machinery and makes the firm more profitable through increasing the revenue.
Question:
If an utility company were considering an increase in electricity or gas prices in order to cover the costs of a capital investment, this sector would result in the smallest change in quantity demanded in the long run and thus higher profits. True or false?
Answer:
The answer is True.
Explanation:
Change in the demand for gasoline and or electricity is primarily set by the number of industrial or bulk users.
Scarce goods are allocated though the help of prices. It is important to note that demand for gasoline or electricity is <u>more elastic in the long term</u>, so small changes in price will alter supply and demand in either direction in the shortrun.
The demand for gas or electricity are by nature <em><u>inelastic.</u></em> This means that when prices go up, demand goes down <em><u>but not by much.</u></em>
It means that in the short term, the individuals cannot alter their lifestyle immediately to adjust for the hike in prices.
To adjust they would have to probably purchase new devices which or cars which consume less gas or electricity.
The effect this has for the company on the overall is that they are able to achieve their aim of recouping their capital investments from the planned increase in price.
Cheers!
Answer:
why wages for females are lower than for males in a particular labor market
Explanation:
Economics is the study of how people decide and how these decisions affect the world around them. Microeconomics focuses on particular markets, individuals and organizations, whereas macroeconomics focuses on the entire economy.
Response is “ why wages for females are lower than for males in a particular labor market” because there the micro-economist would focus on a particular market: the labor market, and tries to understand the wage gap between female and male workers.
The remaining options focus on large scale factors on a “macro” level and thus do not pertain to the study of “micro”economics
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Answer:
Objectives of HRM include ensuring availability of resources, easy access to data, on-time payroll, ensuring compliances, etc. HRM objectives are basically influenced by organisational goals and vertical. Objective of HRM is to ensure a stable work environment with data at one place and efficient operations.
Answer:
due diligence
Explanation:
Due diligence refers to an entrepreneur or a business man/woman basically doing their homework, i.e. investigating thoroughly about a business opportunity before deciding to accept a business proposal, enter a new market, or start a new business.
Many times, management is required by law to perform due diligence before entering a new business or signing certain contracts, but it is just common sense that before you start a new business you will try to find out if the business is feasible or not.