Economic

The current price of canvas messenger bags is $36 each and sales of the bags equal 400 per week. If the
price elasticity of demand is -2.5 and the price changes to $44, how many messenger bags will be sold per
week? Use the midpoint formula. Show your work and explain.
Consider the following two products – a boat and a gallon of milk. Which of these two products will have
the higher price elasticity of demand in absolute value? Explain your answer. Hint: Consider the
determinants of price elasticity of demand.
If Callum is consuming his utility maximizing bundle and the price of one good rises, what happens to the
marginal utility per dollar spent on this good (MU/P), and what should Callum do? Explain your answer

Sample Solution

What Makes Employers Reject a Job Candidate

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work rejectionStarting a new position is quite often upsetting, and the dismissal of an occupation applicant is a fairly basic event. It might appear to be odd, yet many procuring staff want to clarify the explanations behind their dismissal in ambiguous terms, so an individual never knows where they have committed an error and where their fundamental defect was. Each time a prospective employee meeting happens, one needs to think about what to focus on and what to be set up for.

What are the primary reasons of refusal? Deficient pay desires might be viewed as one of the as a matter of first importance causes (Porter 54). On the off chance that a business assesses one’s pay requests as unnecessary, he will likely reject their application and quest for somebody whose necessities will be increasingly humble. Then again, brought down compensation requests may mean the up-and-comer needs capability or confidence.

Another motivation behind why the office of an individual can be dismissed is questionable data in a resume (Sort 56). For instance, if an individual indicates their capability in unknown dialects as “familiar” however shows a lot more fragile information during the meeting, clearly they will have minimal possibility of being enlisted. As it’s been said, there is no mystery that won’t be uncovered.

Absence of inspiration is likewise among the fundamental reasons of refusal (Porter 347). Applicants who have no clue about their own profession plans and desire most likely won’t be of an incredible enthusiasm for any organization. One ought to figure their inspiration for working right now, just as when all is said in done, to give an impression of a self-assured and intentional individual.

It might appear to be entertaining or peculiar, yet some of the time high-capability might be the reason for dismissal as well. Businesses dread that representatives whose capabilities are unreasonable for the position they are applying to will lose enthusiasm for the employment rapidly and begin to look for another (Porter 237). In some cases a high-qualified individual can’t discover a situation for a significant stretch of time, along these lines consenting to work in a place that they had grown out of quite a while prior. One considers their to be position as brief, and searches for the activity that will suit their capacities.

It would likewise be helpful to get ready for the meeting itself, as potential managers will no doubt assess applicants’ appearance, way of discourse, and conduct. An absence of groundwork for the meeting might be a genuine imperfection. One should focus on the inquiries regarding their past employments, and do whatever it takes not to offer unforgiving expressions about the organization they were working at, about ex-associates or supervisors, regardless of whether they have offended them (Sort 176). The organization needs to locate a strong expert who might be anything but difficult to work with, and not a testy skeptic, regardless of whether he has high capability. An applicant should attempt to be wonderful.

There are numerous purposes behind dismissal. All things considered, insufficient pay desires, the absence of inspiration, and inconsistent data, introduced in the resume are among the principle bungles one may submit while work chasing. In addition, one might be dismissed because of inordinate capability or due to the absence of groundwork for the meeting. In this way, it is valuable to mull over these reasons when work chasing.

References

Watchman, Natasha. Dismissal is the Key to Job Success. New York: Big Apple Press, 2008. Print.

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