Explanation:
Kevoy has no meaning but is a name of Jamaican origin and is used often in Nigeria
True bc mainly restaurants serve minimum wage. if your major is a dentist or something then you'll get so much more (:
Answer:
The correct answer is the option C: there are many substitute goods available for a product, and they have a long time horizon to adjust their consumption.
Explanation:
To begin with, the concept known as <em>''price-responsive'' </em>in the marketing field and in the business world refers to the ability by the consumers to adjust their consumption behavior regarding the prices that are being charged by the company in order to control the use of the good itself and therefore to avoid paying high prices. Moreover, it is understood that in this theory scheme the consumers are adaptative to the services price changes that the company tends to do.
Answer:
b. False
Explanation:
A Referent power in an organization my be defined as the power of a person or a company that is based on high level of identification with that of admiration or inspiration or out of respect.
Thus in the context, the Acme company does not uses its referent power to its distribution channel when the company decides to limit the supply of the its compressors to some of its distributors as the distributors are selling some of the air compressors of the competitor company.
Hence the answer is FALSE.
Answer:
The correct answer is: decrease; $195; $190; $165.
Explanation:
A study found the noise from rock concerts to be harmful.
To correct the externality created by the concerts, the government imposes a tax $30 on sale of each unit.
The price of tickets was initially $190.
After the imposition of the corrective tax, the price increased to $195.
This increase in price will cause the demand for tickets to decrease. As a result, the number of concert tickets sold will decrease.
The socially optimal price of the tickets is $195, as this price eliminates externalities.
The private market price is the price which was creating externalities, in this case, it is $190.
We can find the price received by the firms by deducting the tax amount from the new price.
The price received by the firms is
= $195 - $30
= $165
