Answer:
C) i and ii
Explanation:
Price elastic of demand (PED) of kerosene = 2.2% / 10% = 0.22 price inelastic demand
When two products are substitutes, an increase in the price of one of the products will not only reduce the quantity demanded of that product, but it will also increase the quantity demanded of its substitute products. In this case, an increase in the price of electricity, increases the quantity demanded for kerosene, which means that they are both substitute products.
True
Basic unit of consumer sector consisting of all persons who occupy a house, apartment, or separate living quarters.
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Answer:
False
Explanation:
QFD is the process by which the opinions or wants of customers are used to create products that meets the needs f consumers
Answer:
The correct answer is b. an implied contract.
Explanation:
The theory of implicit contracts refers to the fact that the relationship between employers and workers is governed, in addition to the "explicit" legal contracts signed between the two, by a multitude of tacit commitments established during the understanding between the two parties. Implied contracts are unwritten agreements and informal rules that companies have with their workers, and that, in many cases, are justified in the commitment to wage stability. In this theory, companies set wages within a broad and long-term strategy or stability of the employment relationship.
