Answer:
Explanation:
The comparison of psychological benefits to actual tangible costs depends on the individual in question. If the individual is constantly stressed to the point which the stress is affecting his/her health, work performance, mood, behavior around family, etc. then the tangible costs of going on vacation may be worth it. This is because a vacation would provide a moment of relaxation which would relieve all of that individual's stress and in doing so improve the individual's work performance, health, and overall quality of life. Therefore, the comparison between physical benefits to costs is always going to be a personal opinion.
Answer:
Explanation:
What is a service business? Give an example of one
Examples of service businesses include companies engaged in transport, food service, distribution, retail, and other industries that sell services rather than products. These intangibles provide the primary revenue source for service businesses.
The demand and marginal revenue for a perfectly competitive firm are horizontal , whereas the demand and marginal revenue for monopolists are downward
<h3>What is meant by marginal revenue?</h3>
The increase in revenue that comes from selling one more unit of output is known as marginal revenue. Although marginal revenue can remain constant at a certain level of output, it will eventually start to decline as the output level rises due to the law of diminishing returns. The increased total revenue produced by increasing product sales by one unit is known as marginal revenue and is a key topic in microeconomics.
An individual, group, or business that dominates and controls the market for a particular commodity or service is referred to as a monopolist. Due to the absence of substitute products or services and competition, the monopolist has the ability to command high prices. According to Irving Fisher, a monopoly is a market where there is "no competition," which results in a situation where one person or business is the only supplier of a specific good or service.
Hence, The demand and marginal revenue for a perfectly competitive firm are horizontal , whereas the demand and marginal revenue for monopolists are downward.
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Answer:
The number of unemployed persons is 15 if we assume the person who are looking for work are NOT “unemployed”
The number of unemployed persons is 25 if we understand “looking for work” is “unemployed currently”
Explanation:
If we assume the person who are looking for work are NOT “unemployed” then:
Total 100 people = 60 of whom hold jobs + and 15 of whom are retired + 10 of whom are looking for work + unemployed persons
⇒ unemployed persons = 100 – 60 - 15 – 10 = 15
However, it’s better to understand “looking for work” is “unemployed currently”, then
Total 100 people = 60 of whom hold jobs + and 15 of whom are retired + unemployed persons (including whom looking for work)
⇒ unemployed persons = 100 – 60 - 15 = 25
