Answer:
1. Neither ; 2. Consumer Surplus ; 3. Producer Surplus
Explanation:
Consumer Surplus is the difference between a good's price paid by consumer, & maximum price the consumer is willing to pay for the good.
Producer Surplus is the difference between a good's price received by a seller, & minimum price at which the seller is willing to sell the good.
1. Willing to pay $209 for watch, buyer willing to sell at $196, no trade as price ceiling at $190 : It illustrates neither concept as transaction has not actually occurred, so no price established.
2. Willing to pay $39 for sweater, purchased it for $32 : It illustrates 'Consumer Surplus' case = $7 , as it shows difference between maximum willingness to pay by buyer ($39) & the actual buy price ($32)
3. Willing to sell laptop at $190, sold it at $199 : It illustrates 'Producer Surplus' case = $9 , as it shows difference between minimum willingness to sell price ($190) & actual sale price ($199)
<span>The opportunity cost of reading is watching TV.
</span>
Opportunity cost alludes to an advantage that a person could have gotten, yet offered up, to make another course of move. Expressed in an unexpected way, an opportunity cost that shows an alternative given up when a choice is made. This cost is, accordingly, most significant for two totally unrelated occasions.
Answer:
mechanistic
Explanation:
Mechanistic organization is the organization that is hierarchical and bureaucratic
It is characterized by its;
- Highly centralized authority.
- Formalized procedures and practices.
- Specialized functions.
Mechanistic organizations work well in stable, simple environments. Managers integrate the activities of clearly defined departments through formal channels and in formal meetings. Often, they feature many hierarchical layers and a focus on reporting relationships.
Answer:
I think it's a income tax
<h2>
Behavioral view point is pertaining to the motivation and encouragement of employees towards achievements.</h2>
Explanation:
Initially the organization was
- concentrating only on the productivity of the employee
- lost focus on motivating employees
- not providing much "employee-friendly" atmosphere
Later on, the "Behavioral management" theory helped the organization
- a shift from Production to leadership based work culture
- a good work environment to satisfy the employees
- Motivate to achieve good results
- Reach both individual and organization's goal
- Motivating by providing Increase in the wages
