<span>The process theory developed by j. stacey adams is Equity theory. It is based on the thought that people are motivated by fairness and if they find inequalities in input or output between themselves and their peers, they will alter their behavior to get what they see as equality.</span>
Answer:
An opportunity costs is the loss of the best available option after selecting one alternative
Explanation:
The oppoortunity costs between going to the cinema and to teather will be the cinema if you chose to go tto the theater and the teather if you chose to go to the cinema.
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Answer: -0.36%
Explanation:
The actual real after tax rate of return on an investment is calculated simply by taking the after-tax return and subtracting the inflation rate.
For our question then the equation would look something like this,
= (0.04 x (1- (0.28+0.06)) - 0.03
The equation shows how first we adjust the rate for taxes (after - tax return) and then subtract the inflation rate.
= (0.04 x (1- (0.28+0.06)) - 0.03
= -0.0036
= -0.36%
The investor's actual real after tax rate of return is therefore -0.36%.
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Answer: A target price for farm crops is an example of price floor because it’s fixed ahead of harvests with the interest of farmers in mind.
Explanation: A quick definition of both concepts would be of help. A price floor is usually fixed by government legislation and it ensures that the price of a commodity or service does not fall below a certain minimum. In the case of farm crops, a floor price makes sure that the farmers are guaranteed a level of profit in case there is poor harvest for any reason whatsoever. The price floor must be fixed above the equilibrium price for this to be effective.
A target price is an expectation of the future price of commodities or services, and hence prices are fixed ahead of the harvest in the case of farm crops. This is so because as explained earlier, future conditions might change and become unfavorable, therefore making the current market price unprofitable for farmers. If for example, a sack of potatoes currently sells for $30, the government may fix the price floor ahead of the harvest season at $45 per sack. This implies that after harvesting farmers can still sell at $30. However if the harvest turns out to be bad perhaps due to natural disasters, pests or fungal attacks, etc, then the farmers can go ahead and sell at $45 and possibly higher. No farmer is allowed to sell below $45 (since that is the ‘floor’). That way, farmers would still have some profit guaranteed and would be encouraged to remain in the farming business.