Lorenz curve shows income distribution, hence the correct answer is (D).
Explanation: Lorenz curve is the graphical distribution of the income distribution or wealth distribution. It is also known as probability plot. It has a line of equality (always 45 degrees) which depicts the fair means of income distribution and data when plotted on the curve tells that how much inequality prevails. Horizontal axis shows the increasing share of population and vertical axis shows the increasing percentage of total income received.
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Explanation:
Let us understand the situation and analyze the inter-dependency and growth:
Initially, people like to watch movies on theater, because of big screens which was not available at home. Later on, home theater came into existence. Since the home entertainment has been created equivalent to theater, going to theater became second chance.
Now the theater has to introduce sounds like "Dolby ATOMS or other effects" to keep up the level. Now the trend is to watch film on mobiles through mobile applications.
Again now, theater has to think of few other alternatives like bringing additional comforts, luxuries and other entertainment for kids like small rides and games to attract the customer towards the theater.
So the technology and infrastructure changes plays major role.
Answer:
opportunity cost
Explanation:
The concept of Opportunity cost deals with the idea that individuals, investors, or business owners, due to scarcity of resources, lost possible benefits that could be gained, as he or she chooses alternative choice.
Hence, the underlying reason or factor trade benefits both sides of a trading arrangement is rooted in the concept of OPPORTUNITY COST.
Therefore, the right answer is Opportunity cost.
If the pinterest account is helpful in promoting the content of the company and it is reliable for having to give a high reputation of the company that I would put into consideration the offer of my colleague if it meant of having to promote the company's name and reputation.
Answer:
Answer for the question:
Refer to the original data. The Marketing Department thinks that a fancy new package for the laptop computer battery would grow sales. The new package would increase packaging costs by $0.50 per unit. Assuming no other changes, how many units would have to be sold each month to attain a target profit of $4,300?
is given in the attachment.
Explanation:
Part 4 explains the answer.
