Answer:
The given statement is false.
Explanation:
A decrease in the market demand will cause the demand curve to shift to the right. While a decrease in the supply will cause the supply curve to shift to the left.
The market equilibrium price is determined by the intersection of demand and supply. The price, as a result, will increase. The extent of increase in price depends on the magnitudes of change in demand and supply.
The change in equilibrium quantity, however, in this case, is unpredictable without knowing the extent of changes in demand and supply.
<u>Answer</u>:
<u>Bette customer service</u>
Explanation:
Remember, competitive advantage focuses even on a single unique characteristics or action that a business does that separates it from its competitors.
In this case it the was the act of making their customers feel convenient even with a wet umbrella. This quality of better customer service is indeed a competitive advantage, if others in the same business do not provide such.
Answer:
Using the average cost method, the amount allocated to the ending inventory on June 30 is $1770
Explanation:
Kingbird, Inc.
Date Units Cost
1 June 177 units $1062
10 June 236 units 1652
15 June 236 units 1888
28 June 177 units 1593
Total 826 units $6195
30 June Ending Inventory = 236 units
Average cost = Total Cost/ Total Units= $ 6195/826= $ 7.5 per unit
Ending Inventory Average Cost= $ 7.5 * 236= $ 1770
Using the average cost method, the amount allocated to the ending inventory on June 30 is $1770
Answer:
b. 16 utils.
Explanation:
price of one apple = $0.75
marginal utility from consuming one apple = 24
utils per dollar (from apples) = 24 / $0.75 = 32 utils per dollar
since each banana costs $0.50, Hugh must be obtaining a marginal utility = 32/$ x $0.50 = 16 utils from one banana
when you maximize your marginal utility, the utils per dollar must be equal for both products
Answer:
As Mohammed's organization is committed to reinforce the organisational culture and they reward the appropriate behaviors as well, and they want to pass on these beliefs and thought and practices to the each and every single employee within the organisation, therefore, Mohammed's organization is reinforcing sustainability type of culture.
Explanation:
In sustainability culture, organisations want to promote, enhance, sharpen and pass on their beliefs, practices, ways, rituals, processes and heritage to the employees, that's exactly what Mohammed's organisation is practicing. They want each and every single employee of the organization to follow and embrace them. They are trying to develop a sense of harmony among the employees and the appropriate behaviors, cues and gestures are very much appreciated and rewarded. Moreover in sustainability culture, each and every employee of the organisation is encouraged to follow a single vision which is being formed at the top-level of the organization, and that vision is communicated effectively and efficiently throughout the organisation while engaging all employees.