The economic term for the practice of assigning small parts of a complicated job to individual workers who specialize in doing there just smart part is called spe<span>cialization</span><span>. Specialization is achieved when the assigned personnel is master of his art and the resources are focused on the particular field. This leads to an efficiency called allocative efficiency.</span>
Answer:
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Explanation:
1) Skills is the ability to listen.
2) Understand the mission and goals of their company and what their responsibilities are.
Answer:
9.09%
Explanation:
The required return of ZYX, Inc shall be determined using the following mentioned formula:
r=[d(1+g)/MV]+g
In the given question
r=required rate of return of ZYX, Inc=?
d(1+g)=next dividend payment to be made by the ZYX, Inc=$2.95
MV=current selling price of share=$58
g=growth rate of dividend=4%
r=required rate of return=[$2.95/$58]+4%
r=required rate of return=9.09%
Answer:
Alex may have to lower the price to convince Clara to buy a second slice.
Explanation:
Marginal utility is an economic concept that says that a consumer recieves more marginal utility in the first consumption of a good or services than in the second and the subsequents. In fact with each consumption the marginal utility reduces, this effect is known as diminishing marginal utility.
One of the the methods to reduce the effects of the diminishing marginal utility is to reduces prices. As the utility of a product decreases as its consumption increases, consumers are willing to pay smaller amount of money for more of the product.