As the benefit of consuming more of a good falls with each additional unit, the price consumers are willing and able to pay also falls with increased consumption. this scenario describes a downward-sloping demand curve
<h3>What is a Demand Curve?</h3>
This refers to the graph or pictorial representation that shows how the demand for a commodity or service varies with changes in its price.
Hence, we can see that As the benefit of consuming more of a good falls with each additional unit, the price consumers are willing and able to pay also falls with increased consumption. this scenario describes a downward-sloping demand curve
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Answer:
$126
Explanation:
We can calculate the amount Mira can pay for the synthetic material per unit (refrigerator) and meet its profitability goal by deducting the estimated profit and then all the cost from the selling price per unit.
Selling price per unit $260
Less
estimated return (260x30%) = ($78)
Labor costs ($32)
Overhead costs ($24)
Material $126
Amount Mira can pay for Synthetic material per unit is $126
Answer:
b.100 in 2002
Explanation:
This question can be solved without any calculations. When calculating consumer price index, the CPI for the year chosen as base is always 100. In this case, 2002 was chosen as the base year and, therefore, the CPI was 100 in 2002. Since that is one of the alternatives, no further steps are required and the answer is alternative b.
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