The opportunity cost is greater than the one of the apples
Toxic Waste Management, Inc. is the suggested replacement name.
<h3>What does a company name suggests?</h3>
Similar to the caliber of a company's services and goods, the name of the business is a crucial component of its image. Because a name change is frequently linked to better performance, it consequently has a positive effect on share prices.
It demonstrates that additional measures, such as organizational and operational changes that would be seriously and successfully implemented, have been put in place to enhance company performance. Even though the company's operations might not be significantly affected by the name change, investors might see it as a positive sign if it indicates a change for the better in the company's overall strategy.
Therefore, Toxic Waste Management, Inc. is the suggested replacement name.
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Answer:
b. Lanham Act
Explanation:
Lanham Act -
According to this act ,
It governs the unfair competition , service marks and trademarks , is referred to as the Lanham Act .
Where Trademark , refers to the some symbol , logo , phrase or word , which act as an identity of the goods or services , and make the product to stand out from rest of the product .
Copying the same trademark is an illegal activity .
The Law was passed by Congress in year 1946 .
It is also called the Trademark Act 1946 .
Hence , from the given scenario of the question,
The correct option is b. Lanham Act .
When there is no government involvement in answering the three basic economic questions this is Market Economy.
Market
<u>Explanation:</u>
When there is no government interventions in the market system or economy then it is known as Market Economy or Lassez faire.
Here the firms and household determine who sells the goods and who buys it and everything is carried out according to them and there is no government intervention like that of the command economy.
There is a lot of profit for the businessman as the consumers pay as high the price as they want to and no amount is given to the government.
Answer:
B. in the long run
C. when the price is a large portion of your income
E. when many substitutes are available
G. when there are many competing firms selling similar goods
Explanation:
Elasticity of demand is the degree of responsiveness of change in quantity demand of a product if there is a change in price of the product.
The demand for a product is somewhat inelastic in the short run, but in the long run, demand is more elastic.
The reason is that consumers need more time to respond and adjust to the use of certain products.
Also, when the price is a large portion of your income, price becomes more elastic. The reason is that, an increase in price leads to a decrease in quantity demand.
When many substitutes are available, an increase in price will cause consumers to shift their demand for the substitute.
When there are many competing firms selling similar goods demand for a product becomes more elastic
