A union has negotiated a contract that states the following: work up to 40 hours per week will
be paid at a base rate of $10 per hour.
All work in excess of 40 hours, but less than 48 hours will
be paid at a rate equal to 1 1
2
times the base rate. Any work in excess of 48 hours will be paid at
double time. This pay scale agrees with
A) ceteris paribus.
B) the law of demand.
C) the law of supply.
D) the law of supply and demand.
E) can't tell with the information provided.
C
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All of the following are benefits of direct marketing for buyers EXCEPT ________.
A) access to numerous products B) access to product reviews C) guaranteed low prices D) convenience E) privacy
Lark Inc, an American electronics company, is currently reviewing new geographical markets to sell its highly popular televisions. By 2020, it plans to open new stores across all the major South Asian cities
Lark is most likely following a ________ strategy. A) local marketing B) market development C) diversification D) product adaptation E) product development