Answer:
False
Explanation:
Both supply and demand concepts rest on the relationship between price and quantity.
Quantity demanded increase when price falls and falls when price increases.
Quantity supplied increases when price increases and falls when price falls.
The demand and supply curve are plotted with price on the y axis and quantity on the x axis.
I hope my answer helps you
Answer :
The owners of a corporation are the __________ (shareholders of the company, board of directors, or management team members). The primary goal of the corporate management team is to (minimize or maximize) the shareholder's wealth by __________ (minimizing or maximizing) the company's (employee retention and efficiency, company's stock price, or company's production costs) over the long run.
Explanation :
Shareholders are the primary owners of the company who have company's common stock with expectation on their investment in form of dividends and share appreciation.
The primary goal of the corporate management team is to maximize the wealth of their principal (shareholders) who have entrusted them with their fortunes .
Shareholders' wealth maximization objective is achieved when management team invest in a viable project or reduce the operating costs of the company.
Answer:
Better customer satisfaction
Greater employee job satisfaction
Lower employee turnover
Explanation:
Work teams can be defined as the group of employees that work together to accomplish a certain task or project. These teams are the most effective when expert advises are needed and required to accomplish a project which needs different set of skills. These teams are trained so they can meet the customers needs and wants successfully. They can understand customers well in order to meet their requirements which definitely will make them happy and satisfied and in some cases they can be delighted and over delighted.
When employees will work in work teams, they will interact with different workers having different set of skills, therefore, they can complete the tasks and project quite efficiently, which will ultimately make them satisfied. When employees will be satisfied at the work, they will not think about leaving the organization which in turn will result in lower employees turnover.
Answer:
100%
Explanation:
Let the normal retail price of the sweater be 'SP' and the cost price be 'CP'
Therefore,
The selling price = SP - 40% of SP = SP - 0.4SP = 0.6SP
Now,
the profit = 20% of CP = 0.2CP
also,
Profit = Selling Price - Actual price
or
0.2CP = 0.6SP - CP
or
1.2CP = 0.6SP
Or
CP = 0.5SP
or
SP = 2CP
thus,
Increase percentage in sweater marked up from wholesale at its normal retail price
= 
or
= 
= 100%
Answer:B - $80
Explanation: Producer surplus is the difference btw what a consumer is paying and what a producer is charging.
From the above questions, Tom tuned the following pianos:
Buyer willing to pay $155.
Tom tuned piano 1 for $120, therefore his surplus on piano 1 is $155 - $120 = $35
Tom tuned piano 2 for $125, therefore his surplus on piano 2 is $155 - $125 = $30
Tom tuned piano 3 for $140, therefore his surplus on piano 3 is $155 - $140 = $15
Tom tuned piano 4 for $160, therefore his surplus on piano 4 is $155 - $160 = ($5)
All together his surplus is $35+$30+$15 =$80
