The profits will peak and decline.
during this stage of the product development, the product is already widely accepted by the market.
Eventually, the newer and better product will start to appear and the previous one will started to lose popularity and decline in profits.
Answer: True
Explanation: In simple words, real risk free rate refers to the rate than a borrower can actually get in the market for a specified amount and for a specified period.
Real risk free rate is seen as a measure of how the economy of a country is performing and is calculated by subtracting the inflation rate from the treasury bonds of the govt. which match the durability of the borrower.
It depicts the actual increase in purchasing power as it deducts the impact of inflation over time. Thus, the given statement is true.
Answer:
The correct answer is A. The Lorenz Curve is a curve that shows the percentage of total household incomes received successively larger fractions of the population, starting with the poorest group.
Explanation:
The Lorenz curve represents the relationship between the cumulative percentage of the population size and the cumulative percentage of the income of the same population.
A Lorenz curve is a graph in which income is cumulatively plotted against the population. A given point on the vertical axis represents the sum of all incomes up to a certain level. The point on the curve to the right of it corresponds to the number of people who have an income up to that level.
The curve always runs lower, which means that at any given point on the curve, the percentage of total national income is lower than the percentage of people who have an income up to that level. On such a curve we can read, for example, that 25% of the income collectors together own 8% of the total income.
Answer:
The correct answer is letter "D": when the actual price is less than the standard price.
Explanation:
Direct labor rate variance compares the existing direct labor costs and normal direct labor costs over the same operating period. Favorable variance in the labor rate can be caused by hiring more unskilled employees, reducing the minimum wage, and incorrectly setting indirect labor costs. Favorable variance takes place when the <em>costs of direct labor are efficient or lower compared to the standard</em>.
Answer:
Tractors are the king among different farm equipment. They are the main workhorse of any modern farm. They provide the power and traction necessary to mechanize agricultural tasks. ... There are different types of tractors in the market, varying in size and capacity.
Explanation:
