Demand for good x could be higher in year 2 than year 1
Income may have been higher in year 2 than year 1
Explanation:
In the given scenario there was an average price of product as $10. To calculate average cost it is total sales revenue divided by number of units sold.
In year 2 the average price is $23. This means that for each unit sold in year 2 the price was $23 an increase of $13 from year 1.
For this to have happened first there could have been higher income of the consumer in year 2 and they will have more to spend on the product at a higher price.
There will also need to be an increase in the demand for the good this will increase units sold and also price will go up.
A corporation is a separate entity apart from that of the owners. A corporation is not responsible for its debts if it fails. A corporation is much larger than other kinds of businesses.
Answer: Your customer will likely blame you for the defect, not the supplier.
Explanation:
The customer would certainly blame me the seller for the defect, because I was the one that sold the goods to the customer, also the customer is not aware of what transpired between the seller and the supplier. Therefore the seller would have to on his part, lay some complaint to the supplier.
