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son4ous [18]
3 years ago
7

g To say that people respond to incentives is to say that Question 6 options: changes in costs (but not changes in benefits) inf

luence people's decisions and their behavior. changes in benefits (but not changes in costs) influence people's decisions and their behavior. changes in benefits or changes in costs influence people's decisions and their behavior. tradeoffs can be eliminated by rational people who think at the margin.
Business
1 answer:
mote1985 [20]3 years ago
8 0

Answer:

To say that people respond to incentives is to say that:

changes in benefits or changes in costs influence people's decisions and their behavior.

Explanation:

Incentives are the rewards (benefits) or punishments (costs) that shape people's choices and decisions.  Changes in incentives, whether monetary or non-monetary, drive people's decisions and behavior.  When opportunity costs change, incentives change, and people's choices and behavior also change.  The changes that cause people to change their behavior as a result of changes in incentives can be described in predictable ways.

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<span>If the government has decided that tossed orange peels impose a negative on the public that must be rectified by imposing a $4 per bag, then the new equilibrium price is, p* = $9 ( when the quantity of bag is 1) In that time the new equilibrium quantity is, q* = 5 bag(s). If the new equilibrium quantity (5) is the optimal quantity, before some bags were oranges being overproduced that is, q* = 1 bag(s)</span>
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3 years ago
​Business Computer Solutions Education Service enters into a contract to employ Chandra as an instructor for two years to begin
nadezda [96]

Answer:

Material breach

Explanation:

It is more likely due to a material breach. Material breach of agreement is a break that strikes so profoundly at the core of the agreement that it renders the understanding and nullifies the point of making the agreement in any case. The breach must go to the very foundation of the understanding between the gatherings.

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3 years ago
Advantages of road transport over rail transport
Blizzard [7]

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road transport offer door to door service while rail transport can't offer

8 0
3 years ago
The following information is given for an economy: Labor Force of an Economy Number of People (millions) Total population 35.4 C
gizmo_the_mogwai [7]

Answer:

a. 28.7 millions

b. 20.4 millions

c. 0.9231, or 92.31%

Explanation:

a. How much of the population is older than 16? million  

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b. What is the size of the labor force? million

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c. What is the labor force participation rate?

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7 0
3 years ago
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allochka39001 [22]

Answer:

True .

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Business ethics tell us what is right and wrong, what is good and bad, what is fair and unfair. Business ethics are very important for any company. They help a company to improve there image in front of people. Business ethics is a part of society , business uses its resources ,so its become the moral value of business to do something for society.

Whenever a company do something good for society , then it improves its image in public .

Now a days, the consumer are become the king of the market, they organised powerful association when company do not fulfill there need.

If business do not work ethically then government also interfere . So to avoid government interference , to build good public image it is necessary for businessman to work ethically.

3 0
3 years ago
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