Answer:The net worth of Joe and Mike will reduce.
Explanation:
It will reduce because the only asset they both have is the houses in the neighbourhood and since prices have reduced,their net worth will also reduce.
Answer: The hourly bonus is the incentive
Explanation:
Step 1: Identify the Need for a Policy.
Step 2: Determine Policy Content.
Step 3: Obtain Stakeholder Support.
Step 4: Communicate with Employees.
Step 5: Update and Revise the Policy.
It should be noted that when considering marginal revenue versus marginal costs, marketers must ensure that marginal revenue exceeds marginal costs.
<h3>What is marginal revenue and marginal costs?</h3>
The marginal cost of production serves as the change in total cost that is bern incured as a result of making or producing one additional item.
Marginal revenue (MR) on the other hand serves as the incremental entity.
However, In equilibrium, marginal revenue equals marginal costs.
Learn more about marginal revenue at;
brainly.com/question/25623677
Answer:
Self Interest & Invisible Hand of Laissez Faire Policy
Explanation:
Adam Smith Laissez Faire Policy - suggests that free markets are the best approach for welfare maximisation of a society, based on self interest guiding best decisions by individuals, and individual wealth & welfare maximisation implies society wealth & welfare maximisation.
The Invisible Hand of free markets corrects all the discrepancies (if any), re-guides self interest forming the basis of over all social interest. Government intervention is unnecessary & distortionary as per the theory
