Answer: The correct answer is "b) extinction punishment".
Explanation: This scenario typically illustrates the reinforcement contingency of <u>extinction punishment.</u>
<u>Because the company in deciding not to reward managers this time, is extinguishing the benefit they had, in the form of punishment for the poor performance of the company.</u>
Answer:
b. $44,500
Explanation:
Particulars Amount
Direct material used $12,500
Direct labor used $26,500
Total factory overhead <u>$5,500</u>
Total Manufacturing Cost <u>$44,500</u>
Answer:
The answer is YED for concert tickets = 20%/ 20% = 1
YED for bus rides = -20% / 20% = -1
Explanation:
income elasticity of demand (YED) = % change in Quantity demanded / % change in income
% change in income= (240-200) / 200 * 100= 20%
YED for concert tickets = 20%/ 20% = 1
YED for bus rides = -20% / 20% = -1
The income elasticity of demand for concert tickets and bus rides is unitary which means the rise in income is proportionate to the increase in the quantity demanded.
This is an example of outsourcing, which is when domestic jobs are sent to countries overseas to take advantage of the lower costs.
