Answer:
negotiated.
Explanation:
You have been working at your job for over a year. Your boss starts offering you new assignments with weekly meetings in order to exchange valuable information regarding the tasks. According to the LMX theory, the influence between you is negotiated.
Answer:
It describes the problem of transaction costs and negotiation.
Explanation:
Externalities are situations that arise when the activities of an organization affects another for good or bad, but with the first organization that caused the change, receiving no benefits (if it was a positive change), or bearing no costs (if it as a negative change).
Ronald Coase proposed some theories about the possible solutions to externalities. One of them is negotiation between the two parties involved. The problem with this solution is the high costs of transaction that could be spent before an agreement is reached. The number of people involved in the negotiation could also be a problem.
Answer:
The firm willing to pay a worker chosen at random an amount of $38,000.
Explanation:
This can be calculated as follows:
Amount the firm is willing to pay = (40% × $50,000) + (60% × $30,000) = $20,000 + $18,000 = $38,000.
Therefore, the firm is willing to pay a worker chosen at random an amount of $38,000.
Answer:
B. $140,000.
Explanation:
Inventory purchases refers to the amount of goods or merchandise bought during a particular period by merchandisers or sellers such as retailers, wholesalers, or distributors with aim of selling them to customers.
Inventory purchases can be determined using the formula for computing the cost of goods sold as follows:
Cost of goods sold = Beginning inventory + Inventory purchases - Ending inventory
Substituting the values in the question into the formula above and solve for inventory purchases, we have:
$145,000 = $18,000 + Inventory purchases - $13,000
Inventory purchases = $145,000 + $13,000 - $18,000 = $140,000
Therefore, inventory purchases equal <u>$140,000</u>.
Answer:
The correct answer is option D.
Explanation:
In a perfectly competitive market, firms can have positive economic profits only in the short run. In the long run, though, the firms can enter and exit the market, so if some firms among the 1,000 are having profits, it will attract potential firms to join the market.
This causes the market supply to increase. This increase in supply reduces prices and profits.
Similarly, if some of the firms among 1,000 are having losses in the short run, then in the long run, the firms incurring losses exit the market. This reduces market supply and thus increases price and profits.
This process continues until all the firms are having zero economic profits.