Yes, Saul Goodman is violating Law Of Demand.
<h3><u>
What is Law of Demand?</u></h3>
- One of the most fundamental ideas in economics is the law of demand. It explains how market economies distribute resources and set the prices of goods and services that we see in daily transactions by combining the law of supply.
- According to the law of demand, the quantity bought varies inversely with price. In other words, the quantity demanded decreases as the price increases. Because of declining marginal utility, this happens.
- In other words, consumers utilize the initial units of an economic good they buy to fulfill their most pressing requirements first, and they use the subsequent units to fulfill progressively lower-valued goals.
Since, Saul Goodman bought less pizza after its price drop, he's violating the law of demand.
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<u>Solution and explanation</u>
Present value of the $1,500 monthly payments is
PMT $1,500
Annual Rate 6.05%
Number of period (NPER) 420
Present value Annuity (PVA) (calculated in excel using PV function) $261,528.41
$261,528.41
Cost of Home $310,000
Amount of principal still owe = $310,000 - $261,528.41 $48,471.59
Balloon payment in 35 years, which is the FV of the remaining principal =
Present Value $48,471.59
Annual Rate 6.05%
Number of period (NPER) 420
Future Value (calculated in excel using FV function) $400,677.90
Balloon payment = $400,677.90
C. businesses are likely to fire older workers. They are paid higher, due to working many years. Its cheaper to higher new young people at a much lower pay to save money for the company. Older people may not have went to college, but have learned the job by doing it for so many years. Companys now want to have a college degree to work for them. The union protects the older worker, so the company can not suddenly change the rules and force the worker out. They have to offer to let the older worker go back to school to earn the degree required.
TechSmart managers are implementing distributive justice.
<h3>What is distributive justice?</h3>
Employees experience distributive justice when they think that results are fair. These results can be measurable, like pay, or intangible, like appreciative remarks. In the event that staff members feel fairly compensated or handled, distributive justice is achieved. When equal effort does not result in equal rewards or when a person or group obtains an excessive amount of goods, distributive justice is lacking.
When equals enjoy the same distribution of benefits, distributive justice has unquestionably been attained. In a constitutional democracy, governmental policies that guarantee social security or healthcare to all retirees and the old are examples of distributive justice.
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Answer:
The answer is A.
Explanation:
The example given in the question represents a variable cost. Variable cost can be defined as a cost that changes according to the level of output that is produced. In this case, according to the times the ski lift is used during the week. If the ski lift is used 40 times, than each will be $2, if it is used 20 times, each will be $4. So the correct answer is option A.
I hope this answer helps.