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Yuki888 [10]
3 years ago
14

The substitution effect is the portion of a change in quantity demanded that is due to a change in the relative price of the goo

d.
Question 8 options:

True

False
Business
2 answers:
statuscvo [17]3 years ago
7 0

Answer:

Option A.) TRUEE

Explanation:

Serga [27]3 years ago
6 0

Answer:

True

Explanation:

The <em>Substitution Effect</em> is the effect on the demand of a certain product because of variations of the prices of the product or the income of households. The concept illustrates how quantities demanded of a product decrease as the population find other products to substitute it.

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insens350 [35]

Answer:

the budgeted direct labor cost is $441,000

Explanation:

The computation of the budgeted direct labor cost is shown below:

Budgeted direct labor cost

= Budgeted production ×  hours per unit × rate per hour

= 28,000 units × 1.5 × $10.50

= $441,000

Hence, the budgeted direct labor cost is $441,000

So the correct option is B.

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Explanation:

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emmasim [6.3K]

Answer:

total output.

Explanation:

for example, a company manufactures 10,000 units of A. Its total variable costs are $50,000, and its total fixed costs are $25,000.

The average variable cost = $50,000 / 10,000 = $5 per unit of A

The average fixed cost = $25,000 / 10,000 = $2.50 per unit of A

The average total cost = $75,000 / 10,000 = $7.50 per unit of A

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3 years ago
Which jobs would be included in the Marketing, Sales, and Service career cluster?
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Answer:

Survey Researcher

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Explanation:

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Make a case that development economics might be merely a combination of all the other subfields of economics, only applied to lo
Alina [70]

Answer:

Case explained below

Explanation:

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