The potential benefit of innovation is the improved quality (attributes) of existing products. The correct option is A.
<h3>What is innovation?</h3>
Innovation is introducing new things and ideas.
The advantages of innovation are:
- High relative advantage
- Trialability
- observability
- Compatibility
- Low complexity
Thus, the correct option is A, improved quality (attributes) of existing products.
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Answer:
$5,592
Explanation:
Given:
Number of calculators ordered = 25
Cost of each calculator = $4747
thus,
Total cost of the calculators ordered = 25 × $4747 = $118,675
Selling cost of each calculator = $5656
Number of calculators sold = 22
Total revenue = 22 ×$5656 = $124432
Number of calculators returned = 3
Charges for returning the calculator = $55
Total charges for returning the calculators = 3 × $55 = $165
Now,
The total profit
= Total revenue - Total cost of the calculators - Total charges for returning
= $124432 - $118,675 - $165
= $5,592
It is a period of time that the loaning company gives you before you have to start repaying the debt.
For instance: After graduating from college, you must start the payments to pay back your loan 3 months after graduation.
Answer:
b. does not change real variables. Most economists think this is a good description of the economy in the long run but not in the short run
Explanation:
According to money neutrality, change in the money supply does not change real variables since most economists think this is a good description of the economy in the long run but not the short run.
