Answer:
$28
Explanation:
The computation of the total value that would be created in the exchange is shown below;
The Deltra surplus is
= Purchase value - agreed price
= $60 - $36
= $24
And, the Deirdre surplus is
= Agreed price - willing to sell
= $36 - $32
= $4
Now the total value created is
= Deltra surplus + Deirdre surplus
= $24 + $4
= $28
Capital goods tend to move in anticipation of the business cycle, turning up in anticipation of recovery and turning down at signs of economic weakness.
Answer:
decreasing marginal benefit.
Explanation:
A consumer measures the amount of satisfaction gained by consuming a product in making a buying decision.
When a person comes a product his satisfaction increases up to a point, and from that point as consumption increases the satisfaction derived reduces.
Consumption after this point is known as decreasing marginal benefit to the customer.
This affects the customer's willingness to buy more of this product. Patronage of lemonade will reduce as the customer looks for another product to satisfy his needs.
Answer:
Wide
Explanation:
Basically there are two spans of control namely; wide and narrow. A wide span of control is one in which a manager or supervisor interacts with many team members. In other words, the levels of hierarchy involved where there is a wide span of control is few. As such, this structure entails that a large number of the team members report directly to the manager.
The narrow span of control is one in which the manager supervises or interacts with a few team members. In other words, there is some level of hierarchy involved such that the managers direct subordinates are few and have subordinates who report to them.
To state it in another way, the wider the span of control, the fewer level of report or levels of hierarchy and the narrower the span of control, the higher the levels of hierarchy required.
In light of the explanation above, it can be deduced that Jody has a wide span of control over her team.
Answer:
"An economic and monetary union involves the free flow of products and factors of production among member-countries and the adoption of a common external trade policy, but it also requires a common currency, harmonization of members tax codes, and a common monetary and fiscal policy."
Explanation:
A monetary and economic union is a common market with a common currency. Monetary unions have not necessarily created a common market; in fact, the only monetary and economic union in the world is the Eurozone of the European Union, made up of members of the Union who have adopted the euro as their state currency. It is considered one of the most advanced stages of economic integration.
