Answer: The answer is "b) Both the equilibrium price and quantity would decrease."
Explanation: In this case the goods are known as "complementary" which are those that must be used in conjunction with another in order to satisfy a consumer's need.
The relation of the complementary goods is negative, that is to say, the demand of one reacts in reverse to a change in the price of another.
For example, if the price of muffins increases, the demand for coffee will decrease. If the price of muffins decreases, the demand for coffee will increase.
In this case, if the price of muffins increases, there is a decrease in the demand for coffee and as a consequence the price falls, establishing a new amount of equilibrium.
Knowledge management is a practice concerned with increasing awareness, fostering learning, speeding collaboration and innovation, and exchanging insights.
Knowledge management is the gathering of strategies relating to creating, sharing, using and coping with the expertise and records of an enterprise. It refers to a multidisciplinary method to gain organizational goals by way of making the exceptional use of knowledge.
What's the primary purpose of knowledge management?
The reason of the knowledge management system is to proportion perspectives, ideas, enjoy and information; to ensure that those are available inside the right place on the proper time to enable knowledgeable selections; and to enhance performance through decreasing the want to rediscover knowledge.
What's the manner of knowledge management?
The knowledge management process explains how understanding is captured, curated, added, and optimized in an organization. The knowledge management process is critical to ensuring that employees and customers have get right of entry to to information they need after they need it.
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If labor costs are 60 percent of production costs, then a 15 percent increase in wage rates would increase production costs by <u>9 percent.</u>
<h3>
What are labor costs?</h3>
- The total of all employee wages, employee benefits, and payroll taxes paid by an employer constitutes the labor costs. Direct and indirect (overhead) labor costs are separated.
- While indirect costs are related to labor costs, such as personnel who maintain industrial equipment, direct costs include wages for the employees who make a product, including those on an assembly line.
- While indirect costs are related to support labor, such as personnel who maintain industrial equipment, direct costs include wages for the employees who make a product, including those on an assembly line.
- The price of goods or services may fluctuate away from their genuine cost if labor costs are poorly allocated or evaluated, which could hurt earnings.
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I believe the correct word to fill in the blank is:
“Annually”
Forms which are used in medical practice and the
accompanying medical codes used must always be updated annually to make sure
that they are accurate and precise with regards to the latest practice in the
medical field. This is extremely important especially that we are dealing with
life and death.
Answer:
Exclusive distribution; Selective distribution; Intensive distribution
Explanation:
Exclusive distribution refers to the phenomenon where only certain retailers are given the opportunity to carry the product in their retailer shops. For example as in the above case, only one store is exclusively chosen.
Selective distribution is that retailers are carefully selected to engage in the product of selling. For example only a few stores are engaged with in the above question.
Intensive distribution is when all kind of retailers are given the opportunity to keep the products in their shops. For example the last phase described in the question where all sorts of retailers are engaged in selling activity.
