Answer:
C) The market learing price may rise, fall, or stay the same, but the equilibrium quantity will rise.
Explanation:
An increase in demand would lead to an increase in demand and price.
An increase in supply would lead to an increase in supply and a fall in price.
The combined effect would lead to an increase in equilibrium quantity but the effect on equilibrium price would be indeterminate.
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Answer:
$17,500
Explanation:
The computation of the fixed cost and the variable cost per hour by using high low method is shown below:
Variable cost per hour = (High tutoring cost - low tutoring cost) ÷ (High service hours - low service hours)
= ($125,000 - $55,000) ÷ (4,300 hours - 1,500hours)
= $70,000 ÷ 2,800 hours
= $25
Now the fixed cost equal to
= High tutoring cost - (High service hours × Variable cost per hour)
= $125,000 - (4,300 hours × $25)
= $125,000 - $107,500
= $17,500
Answer:
$15,000
Explanation:
Joe has sold the house he has been living in for 10 years to the Smiths family
He sold the house at $300,000
Joe receives $50,000 more than the original price bargained 10 years ago
He pays the real estate agent a commission of 5%
= 5/100
= 0.05
Therefore the increase in gross domestic product can be calculated as follows
= $300,000×0.05
= $15,000
Hence, the transaction will increase the gross domestic product by $15,000
Answer:
Performance appraisal is by its very nature subjective. To improve the situation, as much as it is possible, objectivity should be allowed to rule all appraisal processes.
Explanation:
Performance appraisal is the formal evaluation of employees by their managers for the purpose of aligning employees' performance to the achievement of corporate objectives. To achieve goal congruence between employees who have different objectives for their work and the organization which wants to achieve profit and other corporate goals, performance appraisals are carried out periodically. However, the process has been marred by manager's bias, incompetence, and other problems.
Many organizations are moving away from <u>Specialization </u>because too much of it can lead to bored employees with narrow skill sets.
Specialization refers to individuals and groups focusing on the restricted variety of manufacturing responsibilities they perform great. This specialization requires employees to give up performing other responsibilities at which they're not as professional, leaving those jobs to others who are higher appropriate for them.
The system of focusing one's occupational attention on a specific location of understanding. An increase in process specialization among employees can make them much less bendy because it has a tendency to lessen their capability to carry out other sorts of work inside the enterprise that fall outdoor their specific specialty. +3 -2.
An organizational structure defines how activity duties are formally divided, grouped, and coordinated. The shape of an organization normally features six exclusive factors: work specialization.
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