Yes, Saul Goodman is violating Law Of Demand.
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What is Law of Demand?</u></h3>
- One of the most fundamental ideas in economics is the law of demand. It explains how market economies distribute resources and set the prices of goods and services that we see in daily transactions by combining the law of supply.
- According to the law of demand, the quantity bought varies inversely with price. In other words, the quantity demanded decreases as the price increases. Because of declining marginal utility, this happens.
- In other words, consumers utilize the initial units of an economic good they buy to fulfill their most pressing requirements first, and they use the subsequent units to fulfill progressively lower-valued goals.
Since, Saul Goodman bought less pizza after its price drop, he's violating the law of demand.
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Answer:
Zwick company's dividend revenue from Handy corporation in December 2018 would be = $280,000
Explanation:
Since Zwick company has bought 28,000 shares of Handy Corp. and Handy has announced a cash dividend of $10 per share. We will calculate Zwick company's dividend revenue would be,
Dividend revenue = ownership shares x dividend per share
Dividend revenue = 28,000 shares x $10 per share = $280,000
Answer:
The break even point of a company shows how much of your goods or services you need to sell in order to cover all of your costs. It will then give you an idea of how much you need to sell in order to become profitable.
Explanation:
Answer: 0.59 ± 0.081 = (0.671, 0.509)
Explanation:
The sample proportion, p = 118/200 = 0.59
The test statistic at 98% confidence interval is given by :
p + z*Sqrt(p(1-p)/n) ; p - z*Sqrt(p(1-p)/n)
z at 98% C.I. is 2.33
Therefore, 0.59 + 2.33 * sqrt(0.59*(1-0.59)/200) and 0.59 + 2.33 * sqrt(0.59*
(1-0.59)/200)
=0.59 + 0.081 and 0.59 - 0.081
=0.671, 0.509
Answer:
C is the answer. The service provided at Toy Corner exceeds customer expectations.
Explanation:
When a store offers a broad assortment of goods tailored for different age groups, it will really attract more patronage.
But, when it ensures the home-delivery of goods that are not available at its store to customers who have placed orders, then it can be said to be exceeding the expectations of its customers.
This is moreso, when such home-delivered goods are sold to customers at discounted prices. This shows that the store not only cares for its customers, it surely does not want the customers to leave its store to buy goods from others. This ensures customer loyalty and continued patronage.
The approach is very competitive and customer-friendly.
