Answer:
Good samaritan statutes
Explanation:
A good samaritan in legal terms is defined as someone who aid in an emergency to an injured person on a voluntary basis. These statutes aims to promote people rendering emergency care to strangers, preventing them from being afraid of legal consequences for unintentional injuries. The statutes may vary from jurisdiction to jurisdiction, as do their interactions with various other legal principles, such as consent and the right to refuse treatment. And most of times there not applied to damages as may result from the person's gross negligence .
Answer:
B) Will become flatter as output increases if there are diminishing returns to the variable input
Explanation:
Small business in the US provides 64% of new private-sector jobs, 49.2% of private sector employment and 46% of private-sector output. It can be seen clearly from this that small business is a major contributor to employment and output in the US.
Answer:
The marginal utility of the fourth plate is zero or below zero
Explanation:
The reason is that the law of diminishing marginal utility says that the marginal utility of a product declines upon continuous consumption of that item. This means that the utility before the consumption of first buffet was high and when the second buffet was consumed by the same person the utility was further reduced and so on. This means that the utility must be positive which if is higher enough then the customer is will to pay and eat the buffet again. If it is zero or below zero the customer is not willing to pay for the buffet. This is the reason the person doesn't ordered the item again.
You can not eat the same buffet for all the 365 days. This means the taste of a tasty food fades away after some time or I would say that the utility is gone. Same is the case when you will keep using cellphone for a period and then sell it or dispose it because the item doesn't entertains you or in other words the utility has significantly fallen and is almost zero or below zero.
Answer:
Explanation:
At some colleges and universities, economics professors receive higher salaries than professors in some other fields.
A. Why might this be true?
Economists have a higher opportunity cost working in academia than professors in other fields because in certain fields that are different from academic,there is a lack of labor opportunity for professor and even when such arise ,they are difficult to get and another reason may be that economists who are good in some fields may employ themselves in other firms with higher wages because of their real life first hand experience, even when some colleges and universities wants to hire them, got to spend a greater amount of money than for professors in some other fields.
B. Some other colleges and universities have a policy of paying equal salaries to professors in all fields. At some of these schools, economics professors have lighter teaching loads than professors in some other fields. What role do the differences in teaching loads play
In order for university to employ working force which is hard to find, they put in place differences in teaching loads ,such differences in teaching load are intended to attract economics professors by providing nonmetary compensation
