Answer: The relative Price of Hamburger has decreased, so Phillip would be expected to purchase more.
Explanation:
Given that,
Price of Hamburger(H):
Last year = $5 per pound
This year = $8 per pound
Price of trout(T):
Last year = $6 per pound
This year = $9 per pound
Last year's Relative price of Hamburger = 
= 
= 0.833
This year's Relative price of Hamburger =
= 
= 0.888
The relative Price of Hamburger has decreased, so Phillip would be expected to purchase more.
Answer:
B. Customs union
Explanation:
Custom Union is a trade relationship agreed on by two or more countries in which they decided to remove barriers to free trade, such as removing heavy cost duties, high tariffs, between agreeing nations. It is considered a form of economic Integration.
The main aim of custom unions is to allow free trade between member Sates. It also helps to reduce administrative bottle neck and financial burdens which could be barriers to trading.
Answer:
An increase in demand
Explanation:
At equilibrium quantity, there is no excess or shortage in supply. The quantity supplied match with quantity supplied. The equilibrium price is the prevailing market price where there no excess or shortage in demand or supply. At the equilibrium point, Both suppliers and buyers are happy with the current price and quantity supplied.
An increase in demand will make suppliers increase supply to meet the new high demand. As demand increases, prices tend to rise. An increase in demand, therefore, cause the equilibrium price and quantity to increase.
The innovation strategy for changing products and technologies that involves designing the organization to encourage creativity and the initiation of new ideas is known as exploration.
Creativity is the generation of novel ideas that can satisfy a perceived need or respond to an organizational opportunity. An innovation strategy for changing products and technologies in which organizations are designed to encourage creativity and the initiation of new ideas is called exploration.
Exploration encourages creativity and the development of new ideas, and Exploitation transforms those ideas into the manufacturing of everyday products. Organizational change is defined as the adoption of new ideas and behaviors by an organization.
The adoption of ideas and behaviors that are new to an organization's industry, market, or general environment is called organizational innovation.
Learn more about exploration here: brainly.com/question/26167590
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Answer: According to the guidelines of goal-setting theory, the following goals is most likely to stimulate performance:
1. Obtain sales levels, 15 percent over last year
2. Develop a cure for AIDS
Explanation:
Goal setting mostly inclines towards the process of an action plan fashioned to motivate and lead a person toward a objectives.
Goal setting is one of the key component of personal-development and theory in management.
The theory states that the unsophisticated most direct motivational cerebration of why some people perform better is because they have different performance objectives. Difficult specific goals will lead to higher performance than easy objectives or no objectives or even the setting of an abstract goal.
