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enyata [817]
3 years ago
7

When consumers get more money, what do they tend to substitute normal goods for?

Business
2 answers:
BabaBlast [244]3 years ago
7 0

Answer:

Inferior goods

Explanation:

When income increases customers tent to substitute normal goods for inferior goods, overall, inferior goods are the goods which customers demand after an increase in the income or whenever they get more money. For example, a person who drinks a regular cup of coffee (Normal good) might want a bigger cup of coffee (Inferior good) after an increase in income.

dexar [7]3 years ago
5 0

Answer:

inferior goods

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Answer: Primary activity.

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Value chain analysis occurs when an organization carefully analyses their activities to know areas they need to maintain and areas to improve on, to excel above their competitors. When an organization introduces new equipments to help enhance production, they are trying to improve on operations which is a primary activity in value chain analysis.

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The law of diminishing marginal returns holds for a situation in which Group of answer choices all inputs are variable. all inpu
Natasha_Volkova [10]

The law of diminishing marginal returns holds for a situation in which some inputs are variable and some inputs are fixed.

<h3>What is the law of diminishing marginal returns?</h3>

The law of diminishing marginal returns states that after some optimal level of capacity is reached in a production process, an additional factor of production would result in a lessening of output (quantity of production).

In this context, we can infer and logically deduce that the law of diminishing marginal returns would only hold for an economic situation in which some inputs are variable and some inputs are fixed.

Read more on diminishing marginal returns here: brainly.com/question/13767400

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3 0
2 years ago
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Bezzdna [24]

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Based on the information given in the question, the maximum amount that the Cologne Division would be willing to pay for each bottle transferred would be the amount that the company can purchase the containers in the external market which is given in the question as $2.60.

That's the highest amount that they can but the containers for. Therefore, the answer is $2.60

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3 years ago
Sudoku Company issues 28,000 shares of $6 par value common stock in exchange for land and a building. The land is valued at $243
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Answer:

Explanation:

The journal entry is shown below:

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Building A/c Dr $370,000

           To Common stock A/c $168,000                  (28,000 shares × $6)

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4 years ago
Which of the following best addresses the economic question For whom to produce?
fredd [130]
Yea, I agree, I think the answer is A.
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3 years ago
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