Answer:
The correct answer is extrinsic rewards.
Explanation:
The extrinsic rewards are those external to the position, and include promotions, equipment and better facilities for work, opportunity for the social contract with employees, financial rewards such as remuneration and additional benefits (benefits) and receiving recognition from a superior.
Extrinsic rewards are, for example, those distributed by a manager.
Answer:
A. A saver makes a deposit in a credit union, and the credit union makes a loan to a member for a new car.
Explanation:
A financial intermediation is when an institution acts as the joint-point between two parties in a financial transaction. This means, lender and borrowers, and buyer and seller.
The saver deposit in the credit union. (lender)
And the financial intermediate give a loan to a member (borrower)
This spread the risk and makes transaction more easy, as both parties deal with the credit union, not with themselves.
The credit union faces and assumes obligation with both:
for the saver to give the deposit
and with the borrower that if it meets the requirement will receive the cash for the car and will return in a pre-arrenged method with a given interest and time defined.
The expected annual medical expenses of a high-risk person is $3000 per year while that of a low-risk person is $1000 per year.
The expected annual medical expenses of a high-risk person will be calculated as:
= Probability of falling ill × Expenses in case of illness
= 30% × $10000
= 0.3 × $10000
= $3000
The expected annual medical expenses of a low-risk person will be calculated as:
= Probability of falling ill × Expenses in case of illness
= 10% × $10000
= 0.1 × $10000
= $1000
It should be noted that in a situation where the individuals are risk neutral, the low-risk persons will not buy insurance as only the high-risk individuals will be expected to buy<em> insurance.</em>
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Answer:
A) QE = 400, PE = 250
QW = 325, PW = 375
b) east market has more elastic market demand
Explanation:
Given data :
Marginal cost = $50 ( both markets )
demand and marginal revenue in each market are given differently
a) Determine/find the profit-maximizing price and quantity in each market
For east market :
50 = 450 - QE
hence QE = 450 -50 = 400
since QE = 400 ( quantity for east market )
400 = 900 - 2PE
PE = 250 ( PROFIT maximizing price for east market )
For west market
50 = 700 - 2QW
Hence QW = 325
since QW = 325
325 = 700 - pw
PW = 375
B) The market in which demand is more elastic is the east market because the quantity demanded is higher and also the profit maximizing price is lower as well
The price of gummy bears rises from $2.45 to $2.85, what is the price elasticity of demand of (i) sugar-free gummy bears and of (ii) ordinary gummy bears? Use the midpoint method and specify answers to one decimal place. Be sure to use the absolute value for the elasticity of demand.
