Answer: It will reduce in demand
Explanation: If you raise a price customers are less likely to buy it when it’s at a higher price
Answer:
Explanation:
a. Parties who legally own the company
The kind of corporation that is owned by the shareholders is a stock insurer. While when policy holders elect board of directors then that is call a mutual insurer. This board of director enjoys control over the management control of the corporation.
b. Right to assess policyholders additional premiums
An asses sable policy can not be issued by the stock insurers, however policy of such kind can be issued by the mutual insurer. For mutual insurer, this policy depends on what kind of insurer is in place.
c. Right of policyholders to elect the board of directors
For stock insurer, its is the stockholders who elect the board of directors. While for mutual insurer, its the owners who elect the board of directors who have an effective control over the management.
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Answer:
Power Distance
Explanation:
Power Distance -
It refers to the distribution of the power and strengths within any organisation if referred to as power distance .
In most of the scenario the distribution of power is very unequal and unfair .
Most of the high power people tends to dominate over others and misuse their strengths in a very unfair manner .
Hence , from the given scenario of the question ,
The manager of the company has all the power and tends to dominate over others and others people tends not to go against his order .
Hence , the correct term is power distance .
Answer:
B) average total cost must be rising
Explanation:
Marginal cost is the rate at which total variable cost increases when one more unit is produces.
So when marginal cost is larger than average cost, it means that total average costs must be increasing.
For example, we have the following production costs:
- total costs = $100
- units produced = 20 units
- total average costs = $5 per unit
If the marginal cost of producing 1 more unit is $6, then the total costs will be $106 and the total average cost will be $5.05 per unit (= $106 / 21 units).
