Answer:
Check the explanation
Explanation:
Whenever there’s a $300 charge from the Big Winner, and normal household income is expected to be around $50,000, it can fill 200 rooms per night at that price. Though, if there’s an increase in a typical household income to $55,000, the quantity of rooms that would be demanded will rises to 300 rooms per night. You can calculate the income elasticity of demand for Big Winner's hotel rooms by dividing the percentage change in quantity demanded by the percentage change in income:
Income Elasticity of Demand Income Elasticity of Demand =
= Percentage Change in Quantity Demanded,
Percentage Change in Income
Percentage Change in Quantity Demanded
Percentage Change in Income
=250 = 50%10% 50%10% = 5 5
Answer:
B) Millcorp has a lawful innocent acquisition of a monopoly.
Answer:
The correct answer is letter "B": hygiene factors.
Explanation:
According to American psychologist Frederick Herzberg (1923-2000) in his Motivation-Hygiene Theory -<em>also known as Two Factor Theory</em>- some factors lead to individuals' satisfaction and dissatisfaction at work. Achievement, recognition, and growth are examples of factors that lead to satisfaction and policies, supervision, salaries or security influence dissatisfaction.
Though, <em>solving problems related to dissatisfaction will not make employees satisfied. Herzberg concluded that the opposite of satisfaction is no satisfaction and the opposite of dissatisfaction is no dissatisfaction.</em>
This scenario exemplify MARKET CANNIBALIZATION.
Market cannibalization is said to occur in a situation in which a new product created by a company impact a negative influence on the sale performance of the company's existing products. It involves the drastic reduction in the demand and sale of the old product by the new product.
