The answer is true as it is a common business for entrepreneurs as a correlation between dollars earned and hours worked.
That would be a Bass Drum
Explanation; A product is said to have reach its saturation point if such a product is no longer generating new demands due to factors such as competition, decreased need, obsolescence, etc.
In the given problem above, what will most likely happen if
the tax cuts increase consumer incentive to save is that the aggregate demand
will likely change as it will increase in the given situation, mainly because
of the tax cut in which it will consume or spend the money earned.
Answer:
The correct answer is letter "D": the output effect works to increase total revenue and the price effect works to decrease total revenue.
Explanation:
The output effect in a monopoly takes place when the price of input will raise the production costs of a business and reduce its output level and vice-versa. The price effect refers to the impact an activity has on the value of something. The price effect consists of the effect of substitution and the effect of profits. While the output effect has the purpose of increasing revenue, the price effect works towards decreasing it.
