increase return means more profit is comming in from product that more consumers are buying. say a grocery store bought 80 gal. of milk at 1.00 a gallon, and a snowstorm is predicted for the next week, store charges 2.00 a gallon. bcause of weather, ppl are stocking up on supplies. the store can charge more for product if demand is higher ....
A lifeguard would be an example of one.<span />
Answer:
Edward's promise is not enforceable. Tony had already performed the act. He did not perform based on Edward's promise. He performed because of their fraternal brotherhood.
Explanation:
This situation looks like a unilateral contract whereby Edward makes a promise to Tony to pay him $100. However, we observe that Tony did not perform his actions in consideration of this reward. He performed because they were fraternity brothers. Therefore, Tony cannot enforce Edward's promise in any court. It is only left for Edward to fulfill his promise as a gentleman, not because he is legally obliged to.
Answer:
The productivity will be higher in Brazil.
Explanation:
Below is the given values:
Total annual output = $600 million
Working hours = 30 million hours
Total annual output in Peru = $800
Working hours in Peru = 50 million hours
The productivity will be higher in Brazil because per hour productivity is 600/30 = 20 million. While in Peru the per hour productivity is 800/50 = 16 million
Moreover, the variation in the living standard in the country will be due to the differences in productivity.