Answer:
Over longer periods of time, demand tends to become more elastic.
When there are fewer substitutes, demand tends to be less elastic.
Explanation:
Over longer period of time demand tend to be more elastic because the greater availability of close substitutes of a good the better consumers are able to respond to change in price.
Answer:
d) joint property ownership
Explanation:
A partnership is created by two or more individuals who combine resources, skills, and energies to start a business. The motive for starting the business is profits. The partnership deed guides the formation of a partnership business. Partners may also draft an agreement on how they will share profits, losses, or assets should be business be dissolved.
Partners contribute capital required to start and operate the business. The capital contributed may be in the form of cash, assets, or properties. The contributed capital becomes part of the business assets. The assets are registered under the partnerships' name. For Robyn and Austin, the land will be in the name of their business if they have a partnership business. But if they jointly own the land, a court may rule that they are not in a partnership business.
Answer:
more resources and management attention tend to get channeled toward the international division than toward the domestic divisions
Explanation:
A firm that uses an international division structure sometimes experiences intra organizational conflict because MORE RESOURCES AND MANAGEMENT ATTENTION TEND TO GET CHANNELED TOWARD THE INTERNATIONAL DIVISION THAN TOWARD THE DOMESTIC DIVISIONS.
If the new advertising will cost $9,000 more, but will increase revenues by $20,000 there would be a $11,000 increase in net operating income.
In this case, since the revenue outweighs the cost, you would increase the advertising expenditure.
Answer:
They have not looked for a job in 6 weeks, but they would like a job and are available for work.
Explanation:
Economists describe a discouraged worker as a jobless person who has not searched for a job recently but is able and willing to take a job if offered. Since a discouraged worker is not actively seeking employment, they are not considered as unemployed.
Discouraged workers stop looking for work because they have found one after searching for a while. They want to work but cannot find employment. They have given up the search because they have not searched for the last four weeks.