Answer: Either prices go down or income goes up. Income increases, enabling consumers to buy more goods and services.
The knowledge of cost behavior is important for managerial decision making as, having a thorough knowledge about this enables the manager to predict whether any costs will decrease or increase as business activity changes.
For instance, if a production line is nearing capacity, the relevant cost behavior would be to expect a large cost increase (to pay for an equipment expansion) if incremental demand increased by a small amount. Understanding cost behavior is an essential component of cost-volume-profit analysis.
Learn more about Cost Behavior here
brainly.com/question/24304890
#SPJ4
Answer:
Hinduism is polytheistic, while the other two are monotheistic.
Explanation:
I don’t know if this is right but I think it’s: the context shows the reader why certain events are important
Climate is an area’s weather over a long amount of time. Weather is an area,s weather over a short amount of time.