His net benefit from attending State College is $40,000 – $20,000, or $20,000. Additionally, his net benefit from attending NoName U is $15,000 minus $0, which equals $15,000. Therefore, if he enrolls in State College, his economic surplus will be at its peak.
What is Economic?
Economics is the study of how people allocate scarce resources for production, distribution, and consumption, both individually and collectively.
The two branches of economics are microeconomics and macroeconomics.
Economics focuses on efficiency in production and exchange.
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Answer:
60%
Explanation:
The union cannot prohibit Ben from going back to work but they can take disciplinary action against him for doing so. Federal courts have ruled in favor of different unions regarding disciplinary actions and as long as Ben remains a union member he can be fined, but not forced to resign. If Ben wants to avoid paying the fine, he should leave the union before going back to work.
The last stage of the decision making process is to monitor or evaluate the decision that was made for effectiveness.
During this stage, a manager is going to look at the decision that they made and see if it was correct, or if they need to make any changes. During this stage the manager my decide that they made the incorrect decision, and then will need to go through the decision making process again.
Answer:
Explanation below.
Explanation:
It should be understood that as a chain supply manager, your job is to continue to make supply available no matter what may.
At this instance, what happened that cut you off from your reliable Asian suppliers was not your fault at all, and the best thing is to start patronizing the local suppler until the predicament is resolved.
What is needed to be done, is to continually be in touch with the Asian suppliers, and keep assuring them of patronizing them again immediately the coast is clear.
Answer:
d. it is used to sell only products.
Explanation:
- The economic roles of advertising includes the values of the products and effects in the pricing and effects of the customers demands and the impacts on the business cycles.
- Includes mediums and legal source of the message that must be known and its a persuasiveness form of communication and can be used to gather data and opinion and is more than sale of a product.
