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3 years ago

According to the law of demand, assuming other factors are held constant

Business

1 answer:

ohaa [14]3 years ago

5 0

Answer:

a. As the price of milk decreases, the quantity of milk demanded will increase.

Explanation:

According to the law of demand, if the price of a commodity is increasing than the quantity demanded of a commodity is decreased, and if the price of a commodity is decrease than the quantity demanded of a commodity is increased.

It means that it shows an inverse relationship between the price and the quantity demanded of a commodity.

In this, only two factors are changed, and the other factors are being constant

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The value of which of these expressions is closest to e?

coldgirl [10]

Answer: B

Explanation:

Therefor, value 2.659 is closest to the value of e

( I hope this helped of not I’m sorry)

6 0

2 years ago

_____ is a preproduction service in a value chain that requires forecasts to gain customers in the value chain.

creativ13 [48]

Answer:

The answer is letter A.

Explanation:

Determining salesperson targets and incentives is a preproduction service in a value chain that requires forecasts to gain customers in the value chain.

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3 years ago

The primary difference between product markets and factor markets is that

Dennis_Churaev [7]

Answer:

The primary difference between product markets and factor markets is that:

Product markets are markets related to products, goods, tangible finished items. This is where you'll get your product for sale and where people will buy it.

while

Factor markets are for the factors of production, mostly intangible, like labor, capital and entrepreneurial skills. This is what you'll use (including raw materials) to make your product.

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3 years ago

The following data are from the accounting records of Niles Castings for year 2: Units produced and sold 80,000 Total revenues a

Kruka [31]

Answer:

Gross Margin = $ 115,000 Contribution Margin= $ 144,500

Explanation:

Nile Castings

Income Statement

Year 2

Sales Revenue $ 270,000

Direct Materials $63,000

Direct Labor $ 33,000

Variable Manufacturing Overheads $ 18,000

Fixed Manufacturing Costs $ 41,000

Gross Margin $ 115,000

Less Marketing & Administrative Costs

Fixed Marketing Costs $ 38,000

Variable Marketing Costs $ 11,500

Net Profit $ 65,500

Nile Castings

Income Statement Under Absorption Method

Year 2

Sales Revenue $ 270,000

Direct Materials $63,000

Direct Labor $ 33,000

Variable Manufacturing Overheads $ 18,000

Variable Marketing & Administrative Costs $ 11,500

Contribution Margin $ 144,500

Less Fixed Costs

Fixed Manufacturing Costs $ 41,000

Fixed Marketing Coss $ 38,000

Net Profit $ 65,500

3 0

3 years ago

During the introduction stage of the product life cycle, promotional expenditures are made to stimulate consumer desire for an e

TEA [102]

During the introduction stage of the product life cycle, promotional expenditures are made to stimulate consumer desire for an entire product class rather than for a specific brand. The consumer desire that is stimulated is referred to as primary demand.
Primary demand is the desire for a product class rather than for a specific brand.During the growth stage of the product life cycle, promotional expenditures are made to stimulate consumer desire for a specific brand due to increased competition. The consumer desire that is stimulated is referred to as selective demand.Selective demand is the preference for a specific brand.

6 0

3 years ago