Answer: Substitution Effect
Income Effect
Additional Customers
Different Uses:
Explanation:
The Law of Demand explains the downward slope of the demand curve, which posits that as the price falls the quantity demanded increases and as the price rise, the quantity demanded decreases, other things remaining unchanged.
Answer: Option A : Decreasing returns to scale because the inputs exhibit diminishing marginal returns.
Explanation:
Return to scale measures the degree of effect certain changes in the input factors(parameters) has on the output in the long run.
Also in simple words, Marginal returns in Economics describes a situation where the increasing the input or intake of a commodity leads to decrease in satisfaction (output).
Hence, for a system that it's input exhibits marginal returns, increasing the input(e.g Capital, Land) leads to decrease in output (satisfaction; Marginal returns parlance) thereby DECREASING the RETURN TO SCALE.
Answer: answer is not in the option.
The cash paid on June 24 equals $8,939
Explanation:
Amount due to be paid = Cost of Goods purchased - Cost of goods returned on June 20
= 9,700 - 485
= $ 9,215
Discount 0f 3% in 10 days = amount due x Discount percentage
= 9,215 x 3% ( 0.03)
= $ 276.45
Payment to be made on June 24 = Cash amount due - Discount amount
= 9,215 - 276.45
= $ 8938.55 ≈$8,939
<span>absolutely, positively sure the answer is c.) be typed in all capital letters.</span>
<u>Answer</u>:
<u>Yes</u>
Explanation:
Technology has more often than not increased the sales of businesses today.
For example, large e-commerce websites such as Amazon sell products <em>in bulk</em> to retail businesses without need for an intermediary.
Thus, through disintermediation with the introduction of technology, business 2 business operations are made more possible.