Answer:
Elastic demand
A heart valve
Explanation:
A good with many close substitutes will have a highly elastic demand. This is because an increase in the price of the good will causes the consumers to purchase one of its cheaper substitutes.
If both a diamond necklace and a heart valve for heart attack victims are priced the same, the price elasticity for the heart valve will be lower. This is because the diamond necklace is a luxury good but the heart valve is necessary for the survival of the victim.
The two methods used to identify job opportunities are identify the area of specialization and train yourself according to that specialization.
Explanation:
The job offers can be found through Networking, Referrals, company websites, job fairs and social media.
The another method is through employment agency, are agencies that are trying to match up the job applicants to job that suits them. They have a connection with the organization and there is a high probability of landing a job with the organization.
Also, it is necessary to upgrade yourself to the area of specialization. If IT skilled then the job seeker should train on it to get placed on that relevant organization.
The appropriate labels for Curves N and M in the nearby graph is that the Curve N is total cost and Curve M is total variable cost.
<h3>Why is the curve as stated about?</h3>
Because a fixed cost is constant, this is not shown on the graph, however, the movement of the variable cost impacts directly on the total cost as well but it will be higher.
Hence, the appropriate labels for Curves N and M in the nearby graph is that the Curve N is total cost and Curve M is total variable cost.
Therefore, the Option C is correct.
Read more about total cost
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Answer:
d.regardless of what Ocean knew or could have discovered.
Explanation:
The uniform commercial code are a set of rules that govern transactions involving sale of goods. One of such rules is the implied warranty of merchantability.
When goods are sold there is an implied warranty that the item will perform up to a particular level.
For example if one buys a television not is expected that the television will work. If it does not come on, implied warranty has been breached.
So in this case regardless of what Ocean knew or could have discovered, selling defective goods is a breach of implied warranty of merchantability.
