Answer:
-2
Explanation:
Good X and Y are related goods
When the price of Good X rises by 20 percent the quantity for Good Y falls by 40 percent
Therefore the cross price elasticity can be calculated as follows
= -40/20
= -2
Hence the cross price elasticity is -2
Answer:
The correct answer is option A.
Explanation:
Income tax is a tax imposed by the government on the income earned by the individuals. This income can be from capital and labor. It creates a deadweight loss in the market for labor and capital.
Deadweight loss is the loss to economic efficiency and production caused by a tax. The imposition of a tax creates a tax wedge, this tax wedge leads to a deadweight loss. Deadweight loss due to income tax is the loss of purchasing power or reductions standard of living due to tax.
The inefficiency or tax burden depends upon the elasticities of demand and supply. Whoever has the least elasticity will share most of the tax burden.
Answer: the doctrine of unconscionability
Explanation:
The doctrine of unconscionability is a defense that is against enforcing a contract. From the question, we are informed that Orlin bought a refrigerator, on credit, from a salesman and the salesman want him to pay 10 times the worth of the refrigerator.
In this scenario, the contract is deemed to be unfair and also oppressive to Orlin, thus he a find it unconscionable and therefore he can refuse to enforce it. Therefore, if he wants to challenge the contract’s terms, the doctrine of unconscionability will be used.
Answer:
Total= $292,520
Explanation:
Giving the following information:
Zhang Industries sells a product for $750. Unit sales for May were 400 and each month's sales are expected to grow by 3%. Zhang pays a sales manager a monthly salary of $4,000 and a commission of 2% of sales in dollars. Assume 30% of Zhang's sales are for cash. The remaining 70% are credit sales; these customers pay in the month following the sale.
Cash budget for June:
Sales= [(400*1.03)*750]*0.3= 92,700
Sales from May= (400*750)*0.7= 210,000
Salary= (4,000)
Commision= [(400*1.03)*750]*0.02= (6,180)
Total= $292,520
Answer:
The answers are,
1st Blank - a. harassment
2nd Blank - f. avoid
3rd Blank - e. limit
Explanation:
Harassment can come in many forms in a n organization, they could be sexual harassment, verbal harassment, power harassment, gender discrimination, etc. Legal actions can be taken against an employer for not enforcing necessary requirements to prevent them.
Such lawsuits cannot be avoided by the employers but through legal means they can seek to mitigate or limit the damages they have to pay to the affected employee.
