They are a safety requirement in which if a person gets into a incident for example, in a car crash the person will be safer than just being without protection in the vehicle they are being transported or driving in
Answer:
c. the moral hazard problem
Explanation:
The moral hazard problem -
It is the condition , in which a person is involved in a risky act , for which he or she is aware that some else need to pay for the condition , is known as the moral hazard problems.
The basic example of a moral hazard problem is the insurance , like health insurance,
Where the people are secured with payment for any heavy health related bill .
Hence, from the question,
Tina's behaviour is depicting the moral hazard problem , as she is very well aware about the payment of her hopital bills .
Explanation:
1.Production is a process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (output). It is the act of creating an output, a good or service which has value and contributes to the utility of individuals.
2 . Labour intensive =The term "labor-intensive" refers to a process or industry that requires a large amount of labor to produce its goods or services.
3.Capital intensive =
The term "capital intensive" refers to business processes or industries that require large amounts of investment to produce a good or service and thus have a high percentage of fixed assets, such as property, plant, and equipment
Helps gain knowledge and learning in the work place can sometimes take you further than a diploma. Experience is a necessity
:)
Answer:
The Price Elasticity for increased sales relieved from ticket sales as a result of reduction in price is option <u>A) Elastic</u>
Explanation:
Suppose the Washington Wizards owner lowers the price of Wizard game tickets and the total revenue he receives from ticket sales rises. This would be evidence that the price elasticity of demand for Wizards tickets is elastic.
Price elasticity of demand refers to a standard used to measure how much price changes can affect the quantity of goods demanded or sold.
Price Elasticity of demand could be
- Elastic
- Inelastic
- Unitary
- Perfectly Inelastic
When reduction in price brings about a rise in quantity demanded and by implication more sales such that total revenue increases, The price Elasticity of demand is Elastic.
This is the applicable option for Washington Wizards business.
