Answer:
Sales Promotions
Explanation:
The reason is that the company is trying to attract its customers by providing tickets that has ability to win prices and these prices are the motivating factors for the consumer to buy these products. Other tactics also include seasanol sales discounts to sell the remainder of the stock and "Buy One and Get one Free".
Answer: (i) $20 per model
(ii) $27 per model
(iii) Ginny has a comparative advantage in building models.
Explanation:
A country or a firm has a comparative advantage in producing a commodity if the opportunity cost of producing that commodity in terms of other commodities is lower than the other country or firm.
Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.
If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.
Therefore,
Ginny's Opportunity cost of producing one model = 
= $20 per model
Eric’s opportunity cost of building models = $20 + 35% of $20
= $20 + $7
= $27 per model
Hence, Ginny has a comparative advantage in building models because Ginny's opportunity cost of building model is lower than Eric's opportunity cost.
Answer:
The average product of labor per day is 324
Explanation:
To find the average product of labor per day we need to know the total number of widgets produced divided by the worked days.
Average Product= total number of widgets /days
Monday, 10=250 widgets
Tuesday, 11=286 widgets
Wednesday, 13 =364 widgets
Thursday, 14 workers= 396 widgets
Friday, 12 workers=324 widgets
TOTAL WIDGETS= 250+286+364+396+324=1620
Days= 5 days
Average Product= 1620/5=324
1. Other things remain the same if the price of a budget line increases then the budget line will tilt inwards from the intercept of the goods whose price is constant.
2. other things remaining the same, if the budget for and, budget line a change in the Income of Consumer.
The budget line will move to the right to the new location as a result of the price of good X declining, the consumer's income being constant, and the price of Y increasing. If the price of good X increases while the price of good Y and income remain unchanged, the budget line will go up.
A budget line is a line that specifies the upper and lower bounds of permissible consumption and is based on the SUPPLY and DEMAND of goods and services from the customer. Budget, Prices, Demand, Prices Budget, Prices, Demand, Prices He has $1.00 to spend each week on coffee and Coke, and he has a total of $12.00 to spend on these items.
Learn more about the budget line and price of goods here:
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