Answer:
For example, Brexit. Brexit refers to the UK retreat from the European Union, one of the most famous economic unions in the world. The economic implications of Brexit are numerous, ranging from the new tariff regulations to the regulated movement of people and animals through the newly established borders.
As for individuals, let's see the example of an EU citizen seeking a Master's degree in the UK. That student may face a different tuition fee when applying after Brexit.
Answer: There will be a surplus at the increased price.
Explanation: Acc. to the law of demand as the price of a good rises the quantity demanded for the good will fall. This is represented by a movement up along the demand curve.
Acc. to the law of supply as price of a good rises the sellers will supply more units of the good. This is represented by a movement up along the supply curve.
At the increased price, there will be a surplus in the market given by Q's - Q'd.
Eventually, the surplus will lead to a fall in the price of pants till demand for the good is equal to its supply.
Trade-off
A trade-off is a situational decision in which one quality, quantity, or feature of a set or design is reduced or lost in exchange for gains in other areas. A tradeoff occurs when one thing increases while another must decline.
What is consumer's real wage?
Real earnings are salaries that have been factoring in inflation, or wages in perspective of the amount of services and goods that may be purchased.
Main Content
$606
Given the answers to the question, the complete or implicit income of the consumer would be determined as follows:
When the customer works, she earns an hourly wage of $17.00, therefore when she works for 24 hours, she will earn:
=$17
24
=$408
Also, when the customer sells all the 17 units of the composite good, she will earn:
=$11
18
=$198
Therefore, the customer's full income would be:
=$408+$198
=$606
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Answer:
b) knowledge management
Explanation:
Knowledge management is defined as the process in which an organisation creates, shares, uses and manages the information and knowledge of an organisation.
It is an approach multidisciplinary in nature to achieve the objectives of an organisational with the use of knowledge available.
It includes the courses which are taught in business administration, management, information system, library and information system.
Answer:
$7,875
Explanation:
Total car sales in January: $112,500
Commission at the rate of 7%,
Salary for January is :
7 percent of $112,500
=7/100 x $112,500
=0.07 x $112,500
=$7,875