Answer:
Explanation:
In the case of two goods, a consumer's equilibrium is attained at the point when the utility gotten from each additional unit or money spent on each of the goods are equal. That is, Marginal Utility of a dollar spent on the good x that is, MUx/Px equals to the marginal utility of dollar spent on good Y i.e MUy = Py which is also equal to the marginal utility of money.
In such a case when either the marginal utility of x or y is different, the consumer will rearrange his consumption combination till the equality is restored again.
Answer:
The stock is the place where the online trading occurs but the market is the place where the actual trade occurs.
Explanation:
Answer:
0.32 %
Explanation:
Demand is the quantity that buyers are able & willing to buy, at a particular price & period of time. It is inversely related to price, as per law of demand.
Demand function is a regression equation that shows the relationship between dependent variable (demand) & independent variable (price)
Q = A - BP
where Q = Demand, A = Autonomous Demand, P = Price, B = Change in demand per unit change in price
Change in Quantity = B x Change in Price
Example : Considering Q = 50 - 0.5 P
Q {At previous P} = 50 - 0.5 (8.6) → = 50 - 4.3
= 45.7
Q {At new P} = 50 - 0.5(8.3) → = 50 - 4.15
= 45.85
Change in Quantity = 45.85 - 45.7 → = 0.15
Alternative Method : ΔQ = B x ΔP → = (0.30) x (0.5) → = 0.15
Percentage Change in Quantity = [Change IN Quantity / Old Quantity] x 100
[ΔQ/Q] x 100 → = [0.15 / 45.7] x 100 → = 0.32 %
With regards to the inernational business, white isn't appropriate because in some cultures, white represents death.
<h3>How is color important in logo?</h3>
It should be noted that the color used plays a vital role in a business.
In this case, white isn't appropriate because in some cultures, white represents death. This can be seen in Asian countries such as Korea and China.
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