Answer: the correct answer is e. Normative myopia
Explanation:
It could occur because:
1. The belief that normative values do not apply to managerial decisions
2. The belief that facts and values can be separated in decision making
3. The belief that normative values are outside the realm of business.
Some Like it Hot - It was directed and produced in 1959, but set in 1929 by Billy Wilder. It starred Tony Curtis, Marilyn Monroe, and Jack Lemmon. It opened to mainly positive reviews and has been ranked as highest film in American Film Institute's list of "100 funniest movies of all time." This film is especially renounced for it's use of cross-dressing, and its openness in the use of homosexuality. This saw the film produced without the permission of Motion Picture Production Code. The film's overbearing success contributed to demeaning such moral codes in film production. It was especially one of the last nails in the coffin of Hays Code.
Answer:
(a) 0.667 (b) The Lerner index helps in estimating of the market power of a firm. it measures the percentage markup that a firm is able to charge.
The conditions where this market power last in the long-run are; the pricing power, Factor mobility, Barrier to entry or exist.
Explanation:
Solution
Given that:
(A) The Lerner index is computed below:
Lerner index = (P-MC)/P
Thus,
($15-$5.00)/$15
=10/15
= 0.667
(B) The Lerner index assist in measuring of the market power of a firm. it measures the percentage markup that a firm is able to charge.
Index spans from a low value (0) to a higher value of (1)
When a firm has a higher value of index, it is able to charge over it;s marginal cost and thus has a greater monopoly power
Other conditions where market power last in the long run is as follows:
- The pricing power
- Factor mobility
- Barrier to entry or exist
Answer:
Challenge
Explanation:
Challenge is considered as an entrepreneurial advantage because it tend to 'force' people to actively improve themselves and find out inventive way to solve a problem.
When people feel that their job is not challenging enough, overtime they will feel that their activities become stale and boring. This will lead to the situation where they become unmotivated to even to come to work.
Having enough challenge at your work will keep you curious.
Like Paul, your work will make you feel excited and strive to prove yourself. This will make you constantly try to adapt to new things and keep improvising your craft.
c a type of marchandiser that buys merchadise from a manufacture
