Answer:
Greg eats pizza every day of the week. The marginal utility of pizza will most likely <u>decrease </u> by the end of the week, and all else being equal, this demonstrates the law of <u> diminishing marginal </u><u>utility</u><u> </u><u>.</u>
Answer:
The answer is given below;
Explanation:
Inventory Dr.$5,240
Accounts Payable-Ivanhole Cr.$5,240
Accounts Payable-Ivanhole Dr.$640
Inventory Cr.$640
The scrap value given is irrelevant as the metlock will set off the account payable of ivanhole as the goods are returned to him.
Answer:
d. multiple firms would likely each have to pay large fixed costs to develop their own network of pipes.
Explanation:
Option a is wrong because:
The initial investment is very high, therefore, the more firms competing will only increase the required investments and fixed costs associated with them, e.g. depreciation, maintenance. That is why the lowest average costs is generally achieved when only one firm serves this type of market.
Option b is wrong because:
A natural monopoly exists because it is extremely difficult for two or more competing firms to exist. Generally the required investment is very high, and the revenues are not large enough to allow two or more firms to compete.
Option c is wrong because:
Utilities require large initial investments, but once they are set up, the production costs are very small. I.e. the fixed costs are more relevant than the variable costs. Average production costs as decrease as the quantity produced increases.
When there is Fixed and oversimplified idea based on a persons' age, gender etc, then such idea is known as Discrimination.
Let understand that the Discrimination refers to an unfair treatment of people or groups based on characteristics such as race, gender, age, sexual orientation etc.
- A good example of Discrimination is when an employee has lower pay than colleague of the opposite sex even the same work responsibility. This scenario describe is based on Gender.
In conclusion, the creation of Human Rights Act prohibit citizen to discriminate based on sex, race, color, language, religion, political although there are still evident of discrimination everywhere in the world.
Read more about Discrimination here
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- Since your career is on the line, It is better you consult with your organization's ethics committee and act accordingly.
Bribery is simply known as an offence where an individual is offered or received of gifts or rewards. It can be in monetary or non monetary terms
Conclusively, Since my career and future is on the line, making a mistake of accepting of the bribe is never an option and also to avoid taking the wrong step, consulting the ethics committee will be the right thing to do.
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