Answer:
Option (B) is correct.
Explanation:
Given that smartphones are a normal good and income of the individuals increases because of economic boom. We know that there is a direct relationship between the income of an individual and demand for normal goods.
Increase in the income level of the individuals will result in higher demand for smartphones. This will shift the demand curve of smartphones rightwards.
Simultaneously, the wages of sales representatives who work for cell phone companies also increases. This will increase the cost of production for the firms and shifts the supply curve of smartphones leftwards.
Hence, the equilibrium price of smartphones increases but the effect on equilibrium quantity is indeterminate because its effect will be depend upon the magnitude of the shift of supply and demand curve.
False, a cultural tourist wants to preserve the cultural/traditions of the local people.
Answer:
The stock is overrated because his intrincis value, 78.54 is below his market price 99.25
This means it is preferable to sale the share before their value drops.
Explanation:
Intrinsic Value 78.54
Market Value 99.25
- xcorporation announces the launch of its latest headphones on social media websites
-a video featuring xcorporation talking about its new headphones goes viral
Answer:
$981,000 - Total Building Cost
Explanation:
To answer this question, we were told that the customer wants to build a moderate 3,800 square foot home. However, although it says with no utilities, utility cost will be applicable because it represents what is needed by the builders and engineers to get their work done on the vacant lot of land.
Therefore, the cost to build = Administrative cost + Building cost (moderate) + appliances cost + utilities cost
= $40,000 + (220 x 3800 square foot) + $45,000+ $60,000
=$40,000 + $836,000 + $45,000+ $60,000
= $981,000
