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.
The correct answer is choice B.
Choice B, a company recognizes expenses when they incur them, is the only choice which is in accordance with US Generally Accepted Accounting Principals. All of the other options are against GAAP.
Answer:
Differs amounts between different countries
Explanation:
Answer:
The correct answer is: None of the above.
Explanation:
At its most basic, born global firms are those incorporated to engage international operations through the purchase and sale of goods between different countries. Companies established to handle domestic business that due to increasing demand, start international operations are not considered born global firms. Most born global firms start by exporting products. From there their inherent international nature.
