Answer:
increase in output, but not in the equilibrium price of the product.
Explanation:
The options weren't provided. The full question can be found here - https://www.chegg.com/homework-help/questions-and-answers/perfectly-competitive-industry-x-constant-costs-product-inferior-good-industry-currently-l-q39354625
An inferior good is a good whose demand increases when income falls and whose demand falls when income rises.
When average income falls, the demand for good X rises. The level of output increases as a result of the rise in demand but price doesn't change.
I hope my answer helps you.
Answer:The Sixth Step determining the promotional mix, which tool to use , when and how much.
Explanation:
Promotional mix is how resources are allocated of resources among elements such as advertising, sales promotion, public relations, personal selling or direct marketing.
Integrating the elements together depends on the product one is promoting, preferences of the customers, budget and general market conditions. The sixth step shows which tools and promotional mix to use to achieve the aim of the organization. Hugo is in the sixth step of the marketing planning process.
Answer:
A Journal was prepared for the receivable bad debt of a customer that owned stone bridge Electronics which us shown below
Explanation:
Solution
The first step to take in this case is to Nationalize the transaction to be recorded for the month of July 15, 2016.
A JOURNAL ENTRY FOR RECEIVABLE BAD DEBT OF $325
Particulars Debit Credit
July 15, 2016 Cash Account $325
To Bad Debt Expense $325
Note: The cash and bad debt expense are both recorded on credit and debit side of the Journal
Answer:
$7,000 was invested in Fund A
Explanation:
As per given Condition
A + B + C = $22,000 (1)
A5% + B8% = $750 (2)
As given
C = 2B
Placing C value in 1
A + B + 2B = $22,000
A +3B = $22,000 (3)
Multiplyin (2) by 20
A (0.05) x 20 + B (0.08) x 20 = $750 x 20
A + 1.6 B = $15,000 (4)
Subtracting (4) from (3)
A +3B - (A + 1.6 B ) = $22,000 - $15,000
A +3B - A - 1.6 B ) = $7,000
1.4 B = $7,000
B = $7,000 / 1.4
B = $5,000
As
C = 2B
C = 2 x $5000
C = $10,000
Placing value of B and C in (1)
A + $5000 + $10,000 = $22,000
A + $15,000 = $22,000
A = $22,000 - $15,000
A = $7,000
<u>CHECK</u>
A5% + B8% = $750
$7000 x 5% + $5,000 x 8% = $750
350 + $400 = $750
$750 = $750
