Answer:
D) There is no way for the parties involved to communicate.
Explanation:
An unsatisfied need exists (the farmhand needs a transportation method), the consumer is willing and able to purchase a product that will satisfy his need, a supplier (or suppliers) exist that can sell him the product, but there is no way that he can request them to do so.
Our world has changed so much during the last years because the internet and cellphone communications have made it easier for almost everyone to communicate. I remember before we had to wait for JC Penny's catalog to arrive (in our case one catalog per season) and then we ordered some things we wanted. Then we had to wait about 1 month and our things showed up. That is ancient history now, I know JC Penny still has some stores open, but internet sales have virtually wiped them out as well as Sears and Macy's.
Communication makes your purchases much easier and cheaper, so now we do not have to depend on one or two big stores.
Answer:
the decrease in price increase the demand.
Explanation:
Steve is a consumer of goods, his demand will increase if the price drops. In this case, the hamburgers price decrease so it demand increases too.
This makes his consumer surplus increase as well, as he was willing to pay up to $2 per hamburger, receiving 2 at 1 dollar genrate an additional consumer surplus for $2 dollars
Answer:
violates common law
Explanation:
A non compete is an agreement that restricts a previous employee from working for a competitor of his former company for a given period after disengagement.
This is a contract that aims to reduce to the rate at which company secrets are shared to competitors.
The rationale is that the employee's knowledge of the company's procedures will be obsolete after some years.
However non compete should not last for a very long time. Usually non compete of more than two to three years is not honoured by courts.
So in the given scenario where Harold the head chef at the Italian Olive Restaurant signed a non compete which restricts him from opening a restaurant for the next 15 years. The court will most likely not honour the non compete because the amount of time is not reasonable.
Increase because the software will become more in demand from the more economists.
Explanation:
Credit report is the statement that has information about your credit activity and current credit situation such as loan paying history and the status of your credit accounts.
Credit scores are calculated basing on the information in your credit report
