Answer:
The law of demand is an economic principle that states that consumer demand for a good rises when prices fall while conversely, consumer demand falls when prices rise. ... As a result, the price consumers are willing to pay for a good decline as their utility decreases.
Answer: 19.8%
Explanation:
Interest rate = 12%
Inflation rate = 7%
Market Interest rate will be:
= 12% + 7% + 12%(7%)
= 0.12 + 0.07 + 0.12(0.07)
= 0.12 + 0.07 + 0.0084
= 0.1984
= 19.84%
Therefore, the market interest rate per year is closest to 19.8%
Answer:
a. $175,000
b. $50,000
Explanation:
a. The computation of the warranty expense is shown below:
= Given percentage × units sold × repair average cost
= 2% × 70,000 units × $125 per unit
= $175,000
b. The computation of the warranty liability is shown below:\
= (Given percentage × Units sold × repair average cost) - (Repaired units × repair average cost)
= (2% × 70,000 units × $125 per unit) - (1,000 units × $125 per unit)
= (2% × $8,750,000) - ($125,000)
= $175,000 - $125,000
= $50,000
Because the additional output is produced with an increasing input in the production signals an example of <u>diminishing returns</u> to specialization.
<h3>What is a
diminishing returns?</h3>
A diminishing returns to specialization is known to occurs if more units of resources are required to produce each additional unit.
In conclusion, the additional output which is produced with an increasing input in the production is an example of <u>diminishing returns</u> to specialization.
Read more about diminishing returns
<em>brainly.com/question/14966527</em>