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TEA [102]
2 years ago
5

Law of demand is defined as the relationship between price and quantity from a buyer's perspective.

Business
1 answer:
monitta2 years ago
7 0

It is true that the Law of demand is defined as the relationship between price and quantity from a buyer's perspective

<h3>What is law of demand?</h3>

The law of demand states that that as the price of a good increase, the quantity demanded will fall and as the price of a good falls, the quantity demanded also rise.  

Here, consumers tend to buy more goods and services as the price go down or fall, hence more of a product will be purchased at lower prices than at higher prices.

Therefore, the Law of demand is defined as the relationship between price and quantity from a buyer's perspective

Learn more about law of demand here: brainly.com/question/1078785

#SPJ1

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Ten reasons why we need to have laws for business's
Anika [276]
1. To define unacceptable behavior.
2. To provide certainty & stability.
3. To protect the public.
4. To provide mechanism for businesses to resolve disputes.
5. Law gives everyone a framework for how to ace and operate.
6. To make better decisions.
7. To sue & be sued.
8. To balance harm done by the offender against the individual and society at large.
9. To collect and generate revenue from the masses.

Just need one more sorry
8 0
3 years ago
Campbell Corp. exchanged delivery trucks with Highway, Inc. Campbell's truck originally cost $23,000, its accumulated depreciati
iragen [17]

Answer:

equipment    3,700

Explanation:

First we calcualte the values of the machine given up:

<u>traded-out assets</u>

purchased  23000

depreciation <u>20,000 </u>

book value   3,000

fair value   5,000

gain on disposal   2,000

This gain would be recognzie if there was commercial substance. In this case we don't have commercial substance. So it is deffered.

Value given up forthe new equipment:

cash                   700

traded-out        <u>5,000 </u>

total value         5,700

We subtract the deffered gain on disposal to get the accounting value for the new equipment:

deferred gain       (2,000)

accounting value 3,700

The machine will enter the accounting with 3,700

journal entry

equipment    3,700

acc del        20,000

   equipment            23,000

  cash                             700

3 0
3 years ago
Which of the following is an example of the law of diminishing marginal​ returns? A. Holding capital​ constant, when the amount
Irina-Kira [14]

Answer:

The correct answer is option A.

Explanation:

The law of diminishing returns states that as we go on employing more and more unit of input while keeping other inputs constant, the return from each additional unit of input will go on declining.  

This means that the output produced from each additional unit of input will go on declining.

Here, as capital is kept constant and labor is increased by a unit, the output at first increases by 5 units from 20 to 25. But later when input is again increased by a unit, the output increase by only 3 units from 25 to 28.

This shows the law of diminishing marginal returns where the marginal returns from a unit of labor is declining.

3 0
3 years ago
​Jack's gross pay for the week is . His yeartodate pay is under the limit for OASDI. Assume that the rate for state and federal
yKpoI14uk [10]

Answer: $122.40

Explanation:

Jack's year to date pay has already exceeded the $7,000 limit on which State and Federal Unemployment taxes can be charged on his pay.

The amount the employer will pay is;

= FICA OASI Tax + FICA Medicare tax

= (1,600 * 6.2%) + (1,600 * 1.45%)

= 99.20 + 23.20

= $122.40

7 0
3 years ago
You are on a call with a customer that has lasted 8 minutes so far and seems to be wrapping up. These calls tend to take 5-10 mi
sladkih [1.3K]

In the case of a longer call with a customer who is still thinking about new questions to ask, despite you having already helped them with their initial request, you can answer the questions in a more comprehensive way, already directing them to finalize the call, or requesting an email to send the required information in more detail.

<h3 /><h3>What is an effective call service like?</h3>

It is essential that there are some necessary requirements for the telephone customer service to be positive, for this, the attendant must pay attention to the tone of voice used, cordiality, attention and formality to answer and resolve customer doubts.

Therefore, it is essential that a call center has as its parameters the cordial, ethical and empathetic service to the doubts and needs of the customers.

Find out more about call service here:

brainly.com/question/25974538

#SPJ1

6 0
1 year ago
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