OPEC successfully raised the world price of oil in the 1970s and early 1980s, primarily due to A. an inelastic demand for oil and a reduction in the amount of oil supplied.
Inelastic demand is where the demand for a product does not increase or decrease with the fall or rise in its price. When someone believes that a product is inelastic to them, then their demand won't change even though the price changes. Since OPEC was able to raise the oil price and it was still consumed, it is a product of inelastic demand.
<span>The answer is true. The anthropologists
have main ethical obligations to the people, species, and materials they
research and to the people with whom they work. These duties can exchange the
goal of seeking new knowledge, and can lead to decisions not to start or to stop
a research project when the primary obligation conflicts with other
responsibilities, such as those unsettled to sponsors or clients.</span>
Answer: In a market served by a monopoly, the marginal cost is $60 and the price is $110. In a perfectly competitive market, the marginal cost is $60. If the marginal cost increased from $60 to $75, the monopoly would raise its price <u>by less than $15</u>, and the price in the perfectly competitive market would <u>increase to $75.</u>
Explanation: The monopolist attends to the market demand, therefore the choice of the monopolist is limited by the market demand. If you set a very high price, you will only sell the amount that the demand you want to buy at that price, so it will only increase by less than $ 15.
In a market of perfect competition the companies are accepting price and will produce until the price is equal to the marginal cost so the price would rise to $ 75.
Only in certain cases using special hand tools should avoid the point of operation an acceptable substitute for guards on a machine.
Only in certain cases
<u>Explanation:</u>
General necessity 1910.212(a)(1) states that at least one strategy for machine guarding must be utilized to shield administrators and different representatives from dangers, including those made by the purpose of the activity, in-running nip focuses, pivoting parts, flying chips, and starts.
Laborers ought to have the option to perceive the perils related to the unique. Wrenches must not be utilized when jaws are sprung to the point that slippage instruments should be outfitted with security gatekeepers to ensure laborers.
Explanation:
To describe about the types of discount, let us understand the purpose of discount.
Discount can occur in any "distribution channel". This can,
- To attract, retain and get customers
- short term sales
- to move-out-of-stock etc.
Types of discounts:
You can call in simple,
1. Trade discount 2. Quantity discount 3. Cash discount
I am giving you detail discounts down.
- Dealing with trade
- Discount card
- Coupons
- Dealing with quantity
- Trade-in credit
- Rebate
