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Naddika [18.5K]
3 years ago
7

For most goods, a rise in people’s income means that there will be

Business
1 answer:
Ksenya-84 [330]3 years ago
3 0
C. An increase in demand.

Because people will have more money available for demanding further of those goods. Certain exceptions apply to these rule.
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Suppose Bev's Bags makes two kinds of handbags—large and small. Bev rents an industrial space where she keeps the fabric, the in
Oksanka [162]

Answer:

c. All are correct.

Explanation:

Variable costs depend on the number of units produced, if production drops to zero, all associated variable costs also drop to zero; options b and d are correct.

Fixed cost remain the same with changes in the production volume. Therefore, even if Bev's Bags produced no bags, fixed cost of thread would stay the same; option a is correct.

Therefore, all are correct.

8 0
3 years ago
During 2017, Williamson Company changed from FIFO to weighted-average inventory pricing. Pretax income in 2016 and 2015 (William
sergeinik [125]

Answer:

Explanation:

Comparative income statements for Williamson is presented below:

Particulars                                  2017                2016               2015

Income before income tax       $180,000      $145,000        $170,000

Less:Income tax                        $54,000        $43,500         $51,000

Net income                                $126,000      $101,500        $119,000  

The income tax is computed below:

For 2017

= $180,000 × 30%

= $54,000      

For 2016

= $145,000 × 30%

= $43,500    

For 2015

= $170,000 × 30%

= $51,000                            

8 0
3 years ago
Is the South African post office a natural or artificial monopoly?motivate​
stepan [7]

Answer:

The public goods school in economics is getting disproved as we speak about natural monopolies.

Explanation:

3 0
3 years ago
Four degrees of competition
Neko [114]

Answer:

There are four types of competition in a free market system:

  1. perfect competition
  2. monopolistic competition
  3. oligopoly
  4. monopoly

Under monopolistic competition, many sellers offer differentiated products—products that differ slightly but serve similar purposes.

Hope this helps :)

4 0
3 years ago
Soft skills are ________; they are more or less relevant in every job, at every level, and throughout your career.
Georgia [21]

Soft skills are portable because they are somewhat applicable in every position, at every level, and over the course of your career.

What do soft talents entail?

People require soft skills, or interpersonal abilities, in order to succeed at work. This could entail the capacity to multitask, manage time effectively, and work well in teams. Soft skills are essential for success in any job, but they are crucial in social work in particular.

Numerous stakeholders, each of whom may have diverse interests, are involved in a significant amount of the work that is done in the social sector. In situations like this, having the proper interpersonal skills is essential to coming to a successful conclusion.

to know more about soft skills

brainly.com/question/14500704

#SPJ4

3 0
1 year ago
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