The given statement about the law of demand is false and the appropriate law is explained below.
<h3>What is Law of Demand?</h3>
This refers to the economic principle which states that when there is an increase in demand for a product, then the price of the good will decrease.
With this in mind, we can see that the law of demand works with the supply of goods as if for example there is an increase in price for a particular bar of soap, then the demand reduces.
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Answer:
Direct labor cost= $29,250
Explanation:
Giving the following information:
Production:
March= 1,900 nightstands
April= 2,000 nightstands
Each nightstand requires 0.5 direct labor hours in its production.
Forty Winks Corporation has a direct labor rate of $ 14.00 per direct labor hour.
First, we need to determine the number of hours required for each month:
March= 1,900*0.5= 950 hours
April= 2,000*0.5= 1,000 hours
Now, the combined cost:
Direct labor cost= 1,950*15
Direct labor cost= $29,250
Answer:
✓Poorer countries have historically been responsible for the bulk of world carbon emissions because of poor technology and environmental regulations.........> [FALSE]
✓Air and water quality in developed countries is generally much better today than it was several decades ago.
..........>[TRUE]
✓Tackling climate change issues is likely to only modestly dent long-term economic growth.
-------->[ TRUE ]
✓Carbon emissions are negatively correlated with economic growth.
------>[FALSE]
Explanation:
Climate change can be regarded as
global phenomenon involving
transformation of climate as a result of
changes in the usual climate system of the planet, in regards to precipitation as well as temperature and wind which is been caused due to human activities. Climate change usually brings about
increase in income inequalities which could exist between countries and within countries. In a situation whereby there is is a little increase in the mean temperature in the globe, let say 2 °C, that is measured against 1990 levels, could easily make developing countries to experience net negative market sector, and make developed countries to experience net positive market sector.
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