Answer: jim already had a rigid opinion about what will work in the United States .
Superiority complex on the side of Jim.
Language barrier.
He is not impressed by the German outlook and dressing
Explanation:there are several barriers that may hinder the successful implementation of the new product line which has saved thousand of euros for the Germans,one is the fact that Mr jim already has a predisposed idea that the implementation will not work one can only wonder why he invited the German in the first place,it's obvious that the invitation if the German came from a higher pedestal and could be one if the reason Mr jim believes contrarily ,he believes innovation will not work in the USA,meanwhile ,world over , workers tend to resist change and innovation but there are a lot of measures to bring them to the table which include engaging them in every stageof the implementation , assuring them that there will be no job loss due to innovation,making them to see the advantages of the proposed changes to all.
The feeling of superiority to the Germans and their technology is very obvious ,ranging from the quiet disparaging of the visitors accent and pronounciation ,condemn his outfit rather than concentrating on what he has to offer ,he has a set mind ,which find everything about the Germans repulsive.it will be difficult to adopt the new technology with Jim at the helm of affairs at the Chicago plant .
Answer:
The idea that a higher price means the buying power of income has been reduced.
Explanation:
The income effect is defined as the change in consumption of goods of services after a change of income. If income grows, it is expected that the consumption of goods and services will also grow (this can be measured by the marginal propensity to consume), and viceversa.
If prices rise, the buying power of income will be reduced even if income has grown. If prices rises even more than income, the buying effect of income will fall even more. This two statements can be both explained by the income effect concept.
Answer:
The Actuarially Fair Premium that Tom have to pay for hid Health Insurance is $4,160
Explanation:
To compute the amount that Tom have to pay for Health Insurance is;
Actuarially Fair Premium = (Probability of actuality ill × Payments incurred) + (Probability of not actuality ill × Payments incurred)
Actuarially Fair Premium = (20% x $20,000) + (80% x $200)
Actuarially Fair Premium = $4,000 + $160
Actuarially Fair Premium = $4,160
Answer:
Bottle neck stations our the ones which take more time than the previous station because of which units received per hour our more than units created per hour creating a bottleneck.
In this case Station 2 is taking more time than station 1. (10>9)
Station 3 has 2 machines so although one machine takes more time than station one because of having 2 machines the time can be divided by 2 so there is no bottle neck here. (6<10)
Station 4 takes less time than station 2. (5<6)
Station 5 takes more time than station 4. (8>5) but station 5 is not a bottle neck because it is the last station so it is not slowing the units from going on to another station or the next station, because the good is finished here there is no bottle neck
The only bottle neck is station 2 because it takes more time to send one unit to the next unit compared to receiving one unit from station 1.
Explanation:
The difference between monopolistic competition and pure competition is that compared to pure competition, monopolistic competition has fewer firms, product differentiation, some price control, and relatively easy but not barrier-free entry.
<h3>What is Monopolistic Competition?</h3>
In Monopolistic competition, there are many producers and consumers in the marketplace and all firms have a degree of market control.
The difference between monopolistic competition and pure competition is that monopolistic competition has fewer firms, product differentiation, some price control, and relatively easy but not barrier-free entry.
Therefore, C is the correct option.
Learn more about the monopolistic competition here:
brainly.com/question/1622043
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