Answer:
increases consumption in both periods.
Explanation:
A normal good is any product or service whose demand increases as consumers' income increases. The demand for a normal good will also increase due to the improvement in economic conditions in an economy.
A normal good is regarded to be of high utility value. Its consumption provides consumers with greater satisfaction. As a result, if consumer's income increase, demand for normal goods increases. Should consumption increase in a period, the demand will increase. The demand will continue to rise if incomes increase.
Answer:
c. $1,800
Explanation:
Economic cost calculates what is gained or lost when a particular activity is chosen over another activity.
It incorporates the opportunity cost of taking a particular activity into its calculation of cost.
The economic cost of Debbie taking the picture of her niece is :
$4000 - $2200 = $1800
I hope my answer helps you
<span>Three methods the government can use to cope with the external cost from pollution are:
</span><span>1) Taxes , by cutting down a pecentage of Citizen's income to be added to Government's budget
2) Emission Charges, a fees collected by the government as a collateral for creating pollution
3) Cap-and-trade, Giving incentives to a certain economic sector to fight pollution</span>
The number of staffs that the process need on average, for the demand will be zero since the twelve staffs are well trained already.
<h3>What is demand?</h3>
Demand simply means the number of goods as services that an individual is willing to purchase at a price and given time.
Here, the number of staffs that the process need on average, for the demand will be zero since the twelve staffs are well trained already.
When a more automated process involving electronic submission of claims could reduce the average processing time to 15 minutes, the effect is that the profitability of the company will increase as there is more output due to reduced time.
When the department coordinators could be persuaded to submit their batched claims earlier, this will minimize the mistakes made by the finance department as there is more time to work effectively.
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Answer:
Analogous
Explanation:
The analogous technique is one that is used to estimate the duration or cost of an activity or project by using historical data from a similar activity or project.
It uses parameters such as duration, budget, size, load and complexity, as a basis for estimating the same parameters or measures for a future project.
It is usually the fastest and most economical technique, but also the most imprecise.