Answer:
Explanation:
because everything is even now
A. Demand will go up.
The demand curve is inverse relationship between quantity demanded and the price of the product. Therefore, as the price of a product goes down, the demand will go up. This makes sense because, given a stable income, you can buy more of a product if the price is less, and people will want more of a product until they maximize their utility.
Answer:
Reallocate spending from magazines to newspapers.
Explanation:
We are only given the utility provided by the last newspaper and the last magazine, but in order to answer the question I will consider that the utility remains the same from the first to the last unit.
Frank obtains 10 utils from purchasing each magazine and each newspaper:
- magazine = $5 / 10 utils = $0.50 per util
- newspaper = $2.50 / 10 utils = $0.25 per util
Frank obtains twice the utils from each dollar spent on newspapers than on magazines, so he should spend more money on newspapers.
medium level profession can be defined as some one who has moved past entry level but isn't nearing the end . whereas high level profession means a person has moved past entry level and also has reached the end
Answer:
The answer is: psychological contract
Explanation:
Psychological contracts are the expectations or promises exchanged between the parties; employer, employee, or even fellow employees, in an employment relationship. They are not written contracts, but they often implicit or understood between the parties. For example, an employee expects that if he or she works really hard, eventually he or she will receive a promotion or a salary raise.
