Answer:
I don't think we should prioritize want
Explanation:
This question is more or less an opinion where there's no right or wrong answers.
<em>However, I'll answer your question from my own personal view of want.</em>
I think we do not need to give priorities to wants because, our wants, according to economics are insatiable and unlimited. Meaning that, when you give priorities to an unlimited entity called want, you will not get satisfaction due to the fact that they are unlimited.
In other words, the moment you achieve one of your wants; you will be be presented with another set of wants.
From this list, none are really the perfect solution to have a clear presentation but most likely it would be: C. Using a large font, since it will allow viewers from a long distance to be able to understand better.
Expectations, categorization, inferences, maintenance.
Categorization, inferences, expectations, maintenance.
Inferences, categorization, expectations, maintenance.
Categorization, expectations, inferences, maintenance
Answer:
Friedman Doctrine
Explanation:
Straw men theory is based on Friedman doctrine which states that the main responsibility of an organisation is to take steps for the betterment of their shareholders. They must follow all the ethical guidelines to achieve the objective. They must perform the duties according to ethical norms, without fraud and deception. So a business must follow all the corporate social responsibilities.
Answer: It is reasonable to assume that a profit-maximizing firm will never operate in the inelastic portion of its demand curve.
Explanation:
It should be noted that a firm that profit maximizing will not operate in the inelastic portion of its demand curve because at that point, the firm isn't maximizing profit.
When there's an inelastic demand, an increase in price will bring about a less than proportionate reduction in the quantity of the goods that's demanded. In such case, if the firm operates at the inelastic portion of its demand curve, when it increases price, this will lead to a reduction in income and profit will not be maximize.