Answer:
A) normal; elastic
Explanation:
As we know,
1. Perfectly inelastic = When elasticity is zero
2. Inelastic = When elasticity is below than one
3. Unitary elastic = When elasticity is equal to one
4. Elastic = When elasticity is above than one
5. Perfectly elastic = When elasticity is in infinity
And, the income elasticity of demand would equal to
= (Percentage Change in quantity demanded) ÷ (Percentage Change in income)
= (10%) ÷ (5%)
= 2%
As we see that the income elasticity of demand is more than one which represents the elastic plus in normal good it shows a positive relationship between the income and quantity demanded and the elasticity also comes in positive.
Opportunity costs are the measures of things you must give up when you make a certain decision.
In this case, if country A decides to produce all petroleum, they are choosing not to produce 8 units of seafood. This is their opportunity costs because they are giving up the 8 units of seafood to make petroleum.
The same is true for country B. If they choose petroleum, they are giving up the ability to make 8 units of seafood.
Answer:
Please find the complete solution in the attached file.
Explanation:
All the above policies may be found in Pinpoint Diagnostic Laboratory's Code of Ethics Manual.
<h3>What is a Code of Ethics Manual?</h3>
This refers to a code of conduct spelled out in black and white which every member of an organization must abide by. It is created to ensure the highest levels of professionalism, integrity, and honesty.
It guides the interactions of the employees with:
- Other employees
- Clients and
- the Public
Please see the link below for more about the Code of Ethics Manual:
brainly.com/question/11471972
Answer:
d. product development
Explanation:
The process of creating new products with added features that benefit the customer is called product development. Businesses continuously research to find out what are the customers' preferences. They will invest in developing products that suit customer's needs.
Fiber one is developing a product whose taste will be acceptable by its customers.
