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ANTONII [103]
2 years ago
13

When consumed, many goods and services have an impact on other people not using the product. which word describes this impact?

Business
1 answer:
kherson [118]2 years ago
7 0

The substitution effect is defined as the outcome of consuming various goods and services on those who do not use them.

<h3>What do you understand about the Substitution effect?</h3>

The substitution effect is the decline in product sales that results from customers switching to less expensive substitutes when the product price increases. Alternately, the term "substitution effect" describes the shift in demand for a commodity brought on by a change in the price of the well relative to other substitutes. For instance, when beef costs increase people tend to buy more chicken or turkey. Customers purchase store-brand coffee in response to an increase in the price of premium coffee at a coffee shop. Consumers choose generic substitutes as designer prescription drug prices rise.

To learn more about the Substitution effect, visit:

brainly.com/question/22079450

#SPJ4

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Cullumber Company purchased equipment on January 1 at a list price of $140000, with credit terms 2/10, n/30. Payment was made wi
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Please simplify this question so I can answer it
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Meat​ Packers, Incorporated​ (MPI) preserves and packages various kinds of meats for transportation to grocery stores. To prepar
Free_Kalibri [48]

Answer:

Variable cost=$750,000

Fixed costs=  $13,000

Explanation:

Giving the following information:

The firm must purchase ​$60 in raw meat and pay ​$50 in wages for labor and ​$40 in fuel costs. Also, the firm rents a factory for ​$10,000 per month and makes ​3,000 in monthly payments on meat packaging equipment. Suppose the firm prepares and transports 5,000 packages of meat per month.

Variable cost= raw meat + wages + fuel= (60 + 50 + 40)*5,000= $750,000

Fixed costs= rent + packaging equipment= 13,000

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4 years ago
An e-mail message from a manager to an employee that reads "please stop by my office at your convenience" is likely to be percei
Daniel [21]

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intensity

Explanation:

4 0
3 years ago
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we can use different parts of alandscape to represent different stages of its evolution this strategy is called trading location
LuckyWell [14K]

We can use different parts of a landscape to represent different stages of its evolution this strategy is called trading location for <u>time</u>

<u></u>

<h3>Definition of evolution</h3>

The term "evolution" is one that most of us first hear in a science class, although the idea has application in a variety of fields, including biology, technology, and behavior.

When we discuss business evolution, we're talking about adapting to market dynamics, client demand, and evolving technologies to assure relevance and advancement.

According to Paul Salnikow, who makes this argument, "We have seen the rise of shifts in business habits, with global travel, The emergence of the internet, and really global communication. People now view marketplaces on a regional or even global level rather than as a country or city, and in order to reach their markets, they relocate.

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3 0
2 years ago
The following information pertains to JAE Corp. at January 1, 2018:
son4ous [18]

Answer:

Issued shares =5000

Outstanding shares = 4700

Explanation:

Jan-1 Issued shares = 2000 shares

During year 3000 shares were issued.

a.) Outstanding shares =?

we know that Outstanding shares = issued stock -repurchased shares- treasury stock

                =   2000+3000-500+200

                = 4700 shares.

b.) Shares of common stock issued=?

     Number of issued shares = 2000+3000 = 5000 shares.

    Number of outstanding shares will always be less than issued shares.

8 0
3 years ago
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