An inferior good is a type of welfare whose demand decreases when consumer income increases or demand increases when consumer income decreases. Therefore, if a consumer considers shirts to be inferior goods, the way he will stop consuming it will be when there is a real increase in his income.
In the case narrated, Alex had an increase in salary and remained working for the same number of hours. This means that with the same job, he will have a higher income, meaning there was a real increase in Alex's income. If he considers the $ 3 shirts a much lower asset, he will lessen the demand for it.
Answer:
the long-run average total cost curve rises
Explanation
Diseconomies of scale is a situation that comes up due to the growth of a business which leads to increase in cost per unit. It is the cost disadvantage a business accrue as a result of increase in output leading to increase in cost per unit in the production of goods and services. When diseconomies of scale occur, as output rises unit cost falls.
Answer:
A. That money earns interest when the bank loans it out.
Explanation:
Banks pay their customers interest on the money in their accounts because that money earns interest when the bank loans it out.
Answer:
The correct answer is letter "C": lumber mill.
Explanation:
Job orders are forms that are given to workers that typically represent a third party to a company so they can perform a specific work. Besides, the job order includes the time expected for the worker to finish the job, the estimated wage charged, the materials needed to perform the job, and the number of employees necessary.
<em>Lumber mills</em> typically work with job orders to provide with cut pieces of wood to furniture enterprises.
Answer:
1. Make messages specific.
2. Abide by all copyright laws
3. Keep conversations casual but professional.
Explanation:
In the business environment, care should be taken when exchanging electronic communication. This is because, electronic messages can be intercepted and unfavorable findings, used to launch legal proceedings. Some things to do to avoid the legal perils of electronic communication, include;
1. Be specific: Electronic communications do not have to beat around the bush. Rather, they should be specific and straight to the point. Ideas must be communicated as accurately as possible. Employers must also be specific about their policies on electronic communication.
2. Abide by all copyright laws: When using electronic or printed materials from other sources, credit must be given to the owners of such materials to avoid lawsuits or accusations of piracy.
3. Keep conversations casual but professional: While, thoughts have to be communicated freely, they should however, not be overly casual. Professionalism must be maintained.
Care should be taken to avoid deleting messages unnecessarily as they may be requested for retrieval to validate accusations. Also, a rule of thumb is not to write messages when we can just talk to the person.
