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3 years ago

If the demand for a product declines, what happens to the price of the product?

Business

1 answer:

IRISSAK [1]3 years ago

3 0

If the demand for a product declines, the price of the product "decreases".

Demand alludes to how much (amount) of an item or administration is wanted by purchasers. The amount requested is the measure of an item people will purchase at a specific value; the connection amongst price and quantity requested is known as the request relationship. Supply speaks to how much the market can offer.

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Henry has a narrow scope in his job and does a few specific tasks as part of a larger production process. According to the job c

leva [86]

Answer: Task identity.

Explanation:

The job characteristics model explains that employees of an organization are less motivated in a job role that requires little from them while employees are highly motivated in a job role that is dynamic and requires much from them. Henry would be experiencing a low because of the light job role he is given, according to the job characteristics model.

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3 years ago

Bill is trying to decide what combination of bananas and apples to buy. A banana costs half as much as an apple. If no apples ar

tia_tia [17]

Answer:

To maximize utility, Bill can will buy one banana and one apple.

Explanation:

Utility maximisation refers to the concept that individuals and firms seek to get the highest satisfaction from their economic decisions.

For example, when deciding how to spend a fixed some, individuals will purchase the combination of goods/services that give the most satisfaction.

The theory of Utility maximization highlights two fators

combination of goods
Highest satisfaction that is cost effective

if a banana cost half as much as an apple,

Cost of banana = cost of apple/2

cost of apple - cost of banana × 2

Assuming the cost of one banana is $1

The cost of buying 6 bananas = 6×$1 = $6

the same $6 can only buy 3 apples

Therefore the price of apples is $2

If the total amount available = $6,

It can purchase one banana and one apple.

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4 years ago

A company manufactures and distributes replacement parts for various industries. As of December 31, year 1, the following amount

lara [203]

Answer:

Total Inventory = 191,000

Explanation:

You will have to compare the cost column with the net realisable value.

So you need to do Sale price - Cost to sell or dispose to get the NRV of each one.

Then we compare with the cost, and pick the lowest.

$\left[\begin{array}{ccCCc}$Item&$Cost&$sale price&$cost to sell or dispose&$NVR\\Blades&41000&50000&2000&48000\\Towers&52000&54000&4000&50000\\Generators&20000&30000&2000&28000\\Gearboxes&80000&120000&12000&108000\\\end{array}\right] \\$

So we have the following:

Blades: 41,000

Towers: 50,000

Generators: 20,000

Gearboxes: 80,000

Total Inventory = 191,000

3 0

3 years ago

The balance of payments (bop) measures all international transactions between two countries. the chart below shows six different

svp [43]

Answer:

Answer: US had a trade deficit and China had a surplus in its BOP

Explanation:

Inflow to US economy / Outflow of Chinese economy

1. Chinese tourist spent $ 1000

2. Chinese purchased a business $600

3. Puchased goods $300

Total Inflow $1900

US Outflow / China' inflow

US purchases goods $800

Sent aid $100

Investment in stocks $200

US tourist spent $1000

Total Outflow $2100

US had a trade deficit and China had a surplus in its BOP

Chinese government purchase of US bonds' value is not given, the purchase will be treated as credit to US BOP and the income received will be credit to China's BOP.

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4 years ago

julie states that she wants to be her own boss. if she starts a business, it will be a proprietorship rather than a partnership

ivolga24 [154]

Yes her name is julie because that is what her name is

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3 years ago

Read 2 more answers