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Answer and Explanation:
Before settling on a choice about lessening the inflation rate in a nation, one must realize that expansion causes an expansion in costs in all sections of economy. Additionally, the swelling rate is significant. Higher inflation rate implies there is much more cash available and the other way around. Joblessness rate in the nation is significant too. Higher joblessness rate implies lower pay rates and the other way around. As per organic market law it implies that there are
A great deal of potential workers available and low interest for them. Hence, they will be offered lower pay rates. From given definitions we can deduct what is the connection among expansion and joblessness rate and will the decline of inflation rate result with positive or negative impact on the joblessness. It is imperative to realize that higher joblessness rate accompanies low expansion rate. For lower joblessness rate, higher swelling rate must be endured.
Answer:
The isoquants will be straight parallel lines.
Explanation:
In the given secanrio copper or bronze may be used to produce jewellery. The utility derived from use of either one is the same. They are perfectly interchangeable. Therefore copper and bronze are perfect substitutes.
The isoquant curve shows all combinations of input that can be used to produce units of output.
For goods that have perfect substitution the isoquants are straight lines that are parallel to each other. The marginal rate of technical substitution is 1, and isoquant have slope angle of 45° with each axis.
Find attached an illustration of this. So copper is a perfect substitute for bronze.
Answer: E. Hillary, because this is a shipment contract
Explanation:
When Parties enter into a Shipment Contract, it means that the Buyer assumes the risk for the goods being delivered even before it is delivered.
To clarify, in a Shipment Contract, The Seller only has responsibility up until the point that they deliver the goods to a Carrier or the point of Shipment. Under this contract this is also known as the Point of Delivery.
Once they have delivered it to the point of Shipment, anything that happens thereafter is on the buyer.
This is a Shipment Contract in the above scenario and the dresses were damaged during shipment which absolves the seller as they had already delivered and shipped the dresses so the risk of loss is on Hillary.
The correct answer for the question is option"b", changing the value offered to the customers.
Explanation:
Gillete's strategy is to increase the utility of the product to the customers by making it usable for a variety of purposes. By making the products "manscaped" the products can be used for removing the hair below the neck line. Thus, the company is trying to offer better value to the customers. the value addition is in the form of improved utility for a variety of purposes. Customers will gain better value for the price they are paying for the product.
