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 53 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
:D TYSM

meganmoser117

  • Member
  • Posts: 303
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

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?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Physiological Factors Affecting Medication Responses in Older Adults Physiological Factors Affecting Medication Responses in Older Adults
Overview of factors affecting renin release: (a) activation of the sympathetic nervous system; (b) ... Overview of factors affecting renin release: (a) activation of the sympathetic nervous system; (b) ...
Selected Factors Affecting the Release of Growth Hormone Selected Factors Affecting the Release of Growth Hormone
This is what was found when removing an air filter from a vehicle that had a lack-of-power concern. ... This is what was found when removing an air filter from a vehicle that had a lack-of-power concern. ...
Use the power rule to find derivative Use the power rule to find derivative
Use the information in the above table to establish a Born-Haber cycle to determine the ... Use the information in the above table to establish a Born-Haber cycle to determine the ...
Video: Introduction to Tuberculosis

For a complete list of videos, visit our video library