Answer:
I think the answer is B
Explanation:
if theres a drop in supply there will be a price change aswell, most of the time increases the price of products.
The most cost effective way for John to buy a house is on installment basis or by using up all his savings
Answer:
is available to all and cannot be denied to anyone.
Explanation:
Public goods are both nonexcludable and nonrivalrous. This means that everyone is entitled to use them and when someone is using them it doesn't mean others can't use them at the same time. Of course there is always a limit to the capacity of their use, like roads can only be used by certain amount of cars.
For this particular characteristic of public goods is that private firms don't offer them. Private firms' main concern is making the largest possible profit and public goods usually aren't profitable. That is why the government has to provide public goods since no one else will.
Answer:
Hygiene factors
Explanation:
Herzberg developed a theory called Two-factor theory in which he talked about motivators that cause positive satisfaction to people and hygiene factors that cause dissatisfaction among people like working environment and salary. Because of this, the answer is that according to Herzberg, Colin should first concentrate on hygiene factors because he needs to know what are the factors that are causing dissatisfaction among the employees.
Answer:
Price will likely be lowered and quantity supplied increased.
Explanation:
This is the case of exercising barriers to entry. Predatory pricing or limit pricing can be an effective strategic move here by the existing 5 companies.
In the strategies mentioned above, firms deliberately lower their prices even if it means a loss in the short run to force out any new entrants. Since the prices may be set lower than average total costs, it is extremely difficult for new entrants to make any profits and thus they might be forced out. This is also accompanied by an increased supply of fertilizers that helps these 5 companies exercise price control by influencing supply in the market. The equilibrium quantity thus increases in the market.
Hope that helps.
