Answer:
The correct answer is: D. The supply increases more than the demand increases.
Explanation:
The law of supply and demand is the basic principle on which a market economy is based. This principle reflects the relationship between the demand for a product and the quantity offered of that product taking into account the price at which Sell the product.
Thus, depending on the price in the market of a good, the bidders are willing to manufacture a certain number of that good. Like the plaintiffs they are willing to buy a certain number of that good, depending on the price. The point where there is a balance because the plaintiffs are willing to buy the same units that the bidders want to manufacture, for the same price, is called the market equilibrium or breakeven point.
According to this theory, the law of demand states that, keeping everything else constant, the quantity demanded of a good decreases when the price of that good increases. On the other hand, the law of supply indicates that, keeping everything else constant, the quantity offered of a good increases when its price does.
Answer:
$290
Explanation:
Fair labour standards act is a Federal law that specifies minimum wage, overtime pay eligibility, child labour standards, and record keeping which affects employees of both private and government institutions.
The Fair labour standards act state that the minimum wage an employee should collect per hour is $7.25.
So for a 40 hour week the minimum wage for Ben Lieber is 7.25* 40= $290
Provisions for FLSA include minimum wage payment, exemption from overtime, minimum wage for workers that provide companionship services, and exemption for worker that do computer related jobs.
Answer:
Correct option is 'It is through studying and testing of different work methods to identify the best, most efficient way to complete a job'
Explanation:
Scientific management refers to employing different methods or workflows to improve labor work efficiency, thereby achieve organizational objectives in a efficient way.
Application of scientific methods to improve efficiency proved highly beneficial. One of the methods was to break down big tasks into smaller and simpler tasks and dividing the tasks among the labor as per their skills. This ensured quality work.
Answer:
to solicit orders and get ratification and acceptance from his or her employer.
Explanation:
Legal authority is defined as the a provision of the law that carries the force of the law including statutes, rules, regulations, and court rulings.
So the legal authority of a person in a particular capacity is what he is legally allowed to do in a given transaction.
In this instance we are considering a salesperson. The legal authority of a salesperson is to solicit orders and get ratification and acceptance from his or her employer.
Answer:
the exercise value of the option is $5.50
Explanation:
The computation of the exercise value of the option is given below:
= Sale value of the stock - exercise price of the option
= $23 - $17.50
= $5.50
Hence, the exercise value of the option is $5.50
Simply we deduct the exercise price of the option from the sale value of the option
And, the same should be considered
