This phenomenon is known as the <u>"income"</u> effect.
The income effect refers to an adjustment in the interest of a decent or administration, instigated by an adjustment in the purchasers' optional wage.
The income effect is the impact on real income when value changes - it tends to be certain and negative. Beneath, as value falls, and expecting ostensible salary is steady, a similar ostensible pay can purchase a greater amount of the great - thus interest for this (and different products) is probably going to rise.
Answer:
The present value of your winnings is $9,410,263.59
Explanation:
Present value of annuity due=(1+rate)*Annuity[1-(1+interest rate)^-time period]/rate
=1.0975 x 990,000 [1-(1.0975)⁻²⁰]/0.0975
=990,000 x 9.50531677
=$9,410,263.59
Answer:
Porter's Five Forces is a framework for analyzing a company's competitive environment. The number and power of a company's competitive rivals, potential new market entrants, suppliers, customers, and substitute products influence a company's profitability.
Answer:
The correct action is the option B: Don't talk about taking action. Instead, get to know your team members better.
Explanation:
To begin with, if the person is trying to create a group that is involved in the situation and works together then the best option to take at the beginning would be to get to know them better, so in that way the person would understand them and know what motivates each one the members in order to make them understand as well why would be benefitial for everybody to fight the fee increases and he can do that by explaining to everyone how those increases would impact in what motivates them the most. So that is why, is better to understand them and explain them later how to take action.
