Answer:
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Answer:
The demand for labour would decrease because it will be costly for the business keeping the workers.
Explanation:
If the quantity demanded for the product does not change while workers productivity increase this will make the quantity demanded for labour decrease because its costly to keep workers if the consumers demand does not change this means that the business is not making any profit.
The answer is false, the price varies between insurauance companies.
Answer:All modes of transportation.
Explanation:Incoterms which is called international commercial terms developed by the international chamber of commerce to define the terms of trade and commercial activities, they are generally accepted and recognised by the Law courts and commercial laws in the most parts of the world. International commercial terms helps to guide procurement processes and trade.
It can be applied in all modes of transportation.
Answer:
The answer is a monopolist will hire fewer workers than if the industry were perfectly competitive.
Explanation:
A monopoly is a concept where a supplier has exclusive possession of a market of a product or a service for which there is no substitute.
It is worthy to note that a monopolist prefers pricing that maximizes profits without necessarily increasing the salary of his staff.
The goal of a monopolist is to maximize profits.
The cost of funding human resource is a recurrent expenditure that he manages to ensure cost effectiveness.
Therefore, other thing being equal, the monopolist will hire fewer workers than if the industry were perfectly competitive.