Answer:
The Last year, the government had a budget suplus of $ 10 million.
Explanation:
Government expenditure = $589 million + $416 million
= $1005 million.
Government revenue = $1015 million
Government budget suplus = government expenditure - government revenue
= 1005 million - 1015 million
= $10 million
Therefore, The Last year, the government had a budget suplus of $ 10 million.
Answer:
True
Explanation:
Microeconomics is a branch of economics that studies the decisions individuals and firms make in response to changes in economic factors. These factors include price, resources etc. it studies how firms and individuals allocate and make decisions about resources
The question is looking at the effect of price on an industry. This is what microeconomics study
Macroeconomics is a branch of economics that studies the economy as a whole. Macroeconomics studies economic aggregates such as inflation, unemployment, GDP and growth rate.
Answer:
<u>Customer excellence</u>
Explanation:
Amazon's latest attempt to store up and enhance its competitive barriers by introducing a home service marketplace that may help it achieve a lasting , powerful advantage is an example of<em> Customer Excellence.</em>
Customer excellence help a company in attracting the customer towards it. Customer excellence can be achieve by making your customers happy, by providing them good quality of goods, by listening their grievances , by providing them after sale service which is an important thing , by never saying no to them , always provide help to them .
Employees of the company should always be attentive towards the need of the customer .They should have complete knowledge of the product so that customer have no doubt regarding the product at the time of purchasing. He should have the ability to read the mind of the customer and understand his need .
Answer:
TRUE
Explanation:
A consumer's marginal rate of substitution (MRS) can be defined as the number or amount of goods that he/she is willing to trade for another in other to gain maximum satisfaction of the goods.
Answer:
Marcy can rescind the contract.
Explanation:
If both Marcy and Lucy made an innocent mistake and did not try to defraud each other, then the contract can be rescinded and no party can sue for damages. It would be different if Lucy would have fraudulently misrepresented the truck to Marcy, then Marcy would have been able to sue for damages.
