Answer:
d. Mohammad cannot share with Ceries the confidential information he knows about Estay’s new product because he has a duty not to disclose confidential information he acquired during the agency.
Explanation:
Mohammad cannot share confidential information with an external competitor even when he is no longer in the service of the firm.
The only option left for Mohammad is if Estay gives him approval to share the piece of information.
In a 100 percent capitalist structure, there are basically
two advantages that the owners are offered:
1. They can make as much profit as they desire, as long as they are
hardworking and the market permits it.
2. They don’t have to bother themselves about the welfare of their workers.
Answer:
The following scenarios from the listed are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States. They include;
1) The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.
2) The variety of goods available to consumers
3) The costs of overfishing and other overly intensive uses of resources.
Answer:
c. percentage change in price and percentage change in quantity demanded.
Explanation:
A price elasticity of demand can be defined as a measure of the responsiveness of the quantity of a product demanded with respect to a change in price of the product, all things being equal.
The price-elasticity of demand coefficient, Ed, is measured in terms of percentage change in price and percentage change in quantity demanded.
The demand for goods is said to be elastic, when the quantity of goods demanded by consumers with respect to change in price is very large. Thus, the more easily a consumer can switch to a substitute product in relation to change in price, the greater the elasticity of demand.
Generally, consumers would like to be buy a product as its price falls or become inexpensive.
For substitute products (goods), the price elasticity of demand is always positive because the demand of a product increases when the price of its close substitute (alternative) increases.
If the price elasticity of demand for a product equals 1, as its price rises the total revenue does not change because the demand is unit elastic.
