Answer: The correct answer is "B. output increases, but at a decreasing rate, as more workers are employed.".
Explanation: This happens by the law of diminishing (marginal) returns, increasing the amount of a productive factor in the production of the good or service in question, causes the production yield to be lower as we increase this factor. As long as all other factors are maintained at a constant level (ceteris paribus).
Answer:
B. A higher unemployment rate
Explanation:
High union memership can increase unemployment in two ways:
- Creating a barrier of entry because non-unionized workers can be barred from getting employed in industries with high union membership.
- Pushing salaries above the marginal productivity of labor, especially the minimum wage, causing firms to hire less because hiring becomes more costly.
Answer:
culture
Explanation:
Insight Guides refers to a travel company based in London, England, having operational offices in Singapore and Warsaw, established by Hans Johannes Hofer. They offer customized vacation packages to thousands of locations all over the world and also a range of full-color guide books. They even manufacture tourists ' charts, globes, and traveling accessories.
Insight Guides announced a new website in September 2015, focusing on the sale of customized package deals crafted by real experts. They often publish stuff and updates relevant to travel on their forum.
Answer: Trade off analysis
Explanation: In simple words, it refers to the decision making technique under which the decision maker gives up one thing for gaining the other.
In the given case, Global corp. were asking their consumers to prioritize the attributes they were expecting from the new product. The higher demanded attribute would have been added and the lower one will be neglected.
Hence from the above we can conclude that the correct answer is trade off.
I'd say creating a genuine relationship with the customer.