The best practice that Karan should adopt is:
D.
disclose to the employees that their emails will be monitored
Explanation:
To monitor the social network activities of the workers of a company is walking the line of ethics so there is a way to determine what must be the best practice keeping in line with the working culture of the company.
The people working there must be informed that their activity will be monitored so they have an understanding that it will be done.
After this one must perform checks either arbitrarily or on the basis of who seems more trustworthy and who less.
Answer:
Explanation:
a. QXd = 1,200 – 3PX – 0.1PZ
Pz = $300 and Px = $140, plugging the values, we get,
Qx = 1200 – 3*140 – 0.1*300.
Qx = 750 units.
Elasticity of demand = \deltaQx/\deltaPx * Px/Qx.
\deltaQx/\deltaPx = -3.
E = -3 * 140/750.
E = -0.56
The elasticity of demand is INELASTIC because the absolute value of elasticity is less than one. If the firm charges a price below $140it might lose out in revenue because the percentage change in demand is less than the price.
b. Px = $240, substituting this into the equation we get
Qx = 1200 – 3*240 – 0.1*300
Qx = 450 units.
E = -3 * 240/450.
E = -1.6
The demand is elastic because the absolute value is less than one. If the firm charges a price above $240 it might lose out on its revenue because the percent change in demand is more than the price.
c. Cross price elasticity of demand Es = \deltaQx/\deltaPz * Pz/Qx.
\deltaQx/\deltaPz = -0.1
Es = -0.1 * 300/750.
Es = -0.04
The goods are complements of each other. As the price of one increases, the demand for other would fall, and vice-versa is true.
Answer:
Decrease consumer surplus
Decrease total welfare
Explanation:
A competitive equilibrium occurs when demand equals supply in a competitive market. A point where demand curve intersects supply curve. If a binding limit is imposed on the number of firms in the market, supply curve will fall. This results in higher equilibrium price and lower equilibrium quantity compared to the efficient outcome without the binding limit. Thus, consumer surplus will decrease (because they pay higher prices for lower quantity) and total welfare will decrease (since consumer surplus decreases).
Consumer surplus is the difference in the amount a consumer is willing to pay and how much he actually pays. Total surplus is the sum of consumer surplus and producer surplus.
Answer: b) it is used to formulate and define a problem more clearly.
Explanation:
Qualitative Research involves the use of qualitative data in research. Qualitative data refers to data that is non-numerical such as text, videos, and audio. When using this type of data, the source of the information is able to explain concepts more precisely as opposed to Quantitative data that limits sources to certain responses. With this more precise explaining comes the ability to formulate and define a problem much more clearly.