This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is meant by bargaining power? What are the two factors that determine an individual's ... (Read 80 times)

jjjetplane

  • Hero Member
  • *****
  • Posts: 556
on: Jun 29, 2018
What is meant by bargaining power? What are the two factors that determine an individual's bargaining power?
 
  What will be an ideal response?

Question 2

Which of the following statements is true?
 
  A) If the price of a good is raised and total revenue does not change, demand is perfectly elastic.
  B) If the price of a good is lowered and total revenue increases, demand is inelastic.
  C) If the price of a good is lowered and total revenue decreases, demand is elastic.
  D) If the price of a good is raised and total revenue increases, demand is inelastic.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

CAPTAINAMERICA

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 29, 2018
Answer to Question 1

Bargaining power describes the relative power an individual has in negotiations with another individual. The cost of failing to come to an agreement and the influence of one person on the other are key determinants of bargaining power.

Answer to Question 2

D


jjjetplane

  • Member
  • Posts: 556
Reply 2 on: Jun 29, 2018
Gracias!

okolip

  • Member
  • Posts: 362
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

The factors that influence protein folding and stability. The factors that influence protein folding and stability.
Electron Shells Determine the Reactivity of Atoms. Electron Shells Determine the Reactivity of Atoms.
This slave burial service, painted by John Antrobus in 1860, reflects an inversion of power relation This slave burial service, painted by John Antrobus in 1860, reflects an inversion of power relation
Acid Rain and Power Plant Emissions Acid Rain and Power Plant Emissions
Power of Positivity Power of Positivity
Conversion factors derivation. Conversion factors derivation.
Video: Blood Flow Through the Kidneys

For a complete list of videos, visit our video library