Project management is important because it ensures proper expectations are set around what can be delivered, by when, and for how much. ... Effective project managers should be able to negotiate reasonable and achievable deadlines and milestones across stakeholders, teams, and management.
Answer:
C
Explanation:
In economics, when the word Marginal is mentioned, it refers to additional, as in one extra unit.
For example when we hear marginal revenue, it means the revenue gotten from selling an additional unit, when we hear or speak of marginal cost, it is the cost of producing or getting one more unit.
Propensity is a tendency, an inclination to do something.
So adding the three words together, marginal propensity to consume will be the tendency or inclination to consume one extra unit as a result of earning extra income.
Hence (MPC) is the fraction of extra income consumed.
I hope the concept is clearer.
Answer: The correct answer is "A. consumers find it unfair for firms to increase prices after an increase in demand".
Explanation: Economists established 2 explanations of why companies do not increase their prices even if they can make higher profits.
First it was discovered that some products have the characteristic that the amount of product that a customer wants to buy can depend on the amount of the product that other people are consuming.
And then it was discovered that most people are satisfied that companies raise prices because of an increase in costs, but consider it unfair to raise prices as a result of increased demand.
Answer:
<u>D. Purchase returns Bob</u>
Explanation:
- Purchase refers to payment by credit
- So, it is either B or D
- D sounds like the more sensible option
