Answer:
B. If the price of gasoline rises, a smaller quantity of it will be bought.
Explanation:
A positive economic statement is the one which is based on the facts and it can be verified based on different facts established, or studies.
Whereas, a normative economic statement is the one which focuses on providing a suggestion, or an opinion of an economists for the economy, and cannot be verified.
Since statement B clearly states the fact related to the pricing policy of gasoline, and the effect which can be verified, thus, it is positive economic statement.
The technological approach which enables the coexistence of digital and physical objects using immersive technology is a middle ground between Augmented and virtual reality called MIXED REALITY.
Augmented reality technology is capable of producing a real world representation of physical world using 3D representation.
Virtual reality on the other hand creates a visual experience of a computer simulated digital environment. Virtual reality usually requires the use of headset and sensors.
Mixed reality technology is inbetween virtual and Augmented reality as it allows the interaction between virtual and physical objects in real time. Applications of mixed reality the DAQRI smart helmet which allows communication and collaboration between teams in field such as Engineering and Architecture.
Therefore, mixed reality allows the coexistence of the virtual and physical world on real time.
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Answer:
Answer explained below
Explanation:
decrease in consumer surplus = 0.5(initial number of bottles - final number)*(final price-initial price) + (final price-initial price)*(final number)
where initial number of bottles = 25
final number of bottles = 15
initial price = $390
final price = $390
substituting these values, we have
- decrease in consumer surplus = 0.5(25-15)(450-390) + (450-390)15 = 1200
Consumer surplus decreases by 1200
- Consumers will buy the good as long as marginal benefit is greater than or equal price.
Thus quantity demanded will be 2 from the table
Consumer surplus = 240- market price = 240 -220= 20
Consumers total benefit = 220*quantity demanded = 220*2= 440
Answer:
✔ Asking employees questions helps develop their critical thinking skills.
✘ Asking employees questions boosts their morale by helping them feel like experts, even though they’re not.
✘ Asking employees questions enhances their sense that the manager is the only person they should be in dialogue with, so they start talking less to each other.
✔ Asking employees how to solve problems empowers them to arrive at solutions to which they’re committed.
Explanation:
A manager who asks questions with a sincere interest in the answers is engaging in dialogue similar to a “regular” back-and-forth conversation, and this authenticity builds trust and promotes the open exchange of ideas. Another key benefit is that having employees think about questions, rather than just telling them information or telling them what to do, engages their critical thinking skills—which are key skills for organizational success. Also, when employees are asked how to solve problems, they are likely to have more buy-in to the solution they arrive at than to a solution imposed on them. Many people are motivated by feeling as though their ideas make a positive difference.
Lower-level employees are often the experts in operational details and often have more direct contact with customers than higher-level managers, so they have tremendous expertise that can and should be tapped. Asking employees questions begins an organizational dialogue that can lead to a decentralized communication network, in which employees freely exchange ideas with one another and not just with their manager.
A product is made by a company and can be purchased by a consumer in exchange for money while brands are built through consumer perceptions, expectations, and experiences with all products or services under a brand umbrella.
