Answer:
The concept of utility
Explanation:
According to the concept of diminishing marginal utility, consumers will purchase more of a good when the price falls only in the situation when perceived benefits from the consumption of the good exceed the price. When consumers realize that the perceived benefits are no more worth spending, the quantity demanded of the particular good will decrease.
Answer:
True
Explanation:
Executives under theory X appear to hold a negative perception of their employees, and believe they are inherently unconfident and hate work. As a consequence, they feel that staff mates have to be continuously pressured, praised or disciplined to ensure they accomplish their assignments.
The X methodology to analysis appears to have many divisions of managers and executives to supervise and direct staff. Power is never delegated, thus authority is often strongly centralised. Managers become more hierarchical and work aggressively to make things happen.
D.) The EPA
The United<span> States Environmental Protection Agency(EPA)</span><span> is an agency made by the </span>federal<span> government of the </span>United<span> States for the purpose of protecting human health and the environment by writing and enforcing regulations based on laws passed by Congress.</span>
Answer:
B) in the short run, an unexpected change in the price of an important resource can change the cost to firms.
Explanation:
The short run aggregate supply (SRAS) curve is upward sloping because as the price of goods and services increases, the quantity supplied will increase. In the short run, wages are more sticky than prices, and businesses can adjust prices more rapidly than employees can get a raise. This will result in businesses increasing their profit margins as the general level of prices increases, therefore the SRAS curve will be upward sloping.
An unexpected change in the price of a key input will shift the entire SRAS curve either to the right (price of key input decreases) or to the left (price of key input increases).
