A competitive market economy with low barriers to entry affords an entrepreneur with
the opportunity to bring new and different products and services to the market.
The correct answer would be B. Depreciation
Answer:
The answer is: B) The statement is false. A decrease in the price of digital cameras would decrease the demand for non-digital cameras, but a decrease in the price of non-digital cameras would not cause the demand for non-digital cameras to decrease.
Explanation:
Suppose we are not currently living in 2019, instead we are back 12 years to 2007 (before the iPhone). Back then , digital cameras were still used by common "unprofessional" users. Digital cameras were an improvement compared to non-digital cameras, so the price of non-digital cameras were much lower than their digital counterparts.
If the price of digital cameras decreased, then the price of non-digital cameras would decrease also. For example, if luxury car companies like Mercedes Benz started selling sedan cars for $20,000, Ford and Chevrolet would be forced to lower the price of their cars since they wouldn't be able to compete with MB at the same price.
But a decrease in the price of non-digital cameras would never decrease their demand. Something else would have caused that decrease. Probably digital cameras became so cheap that everyone could afford one and since they were so much better than non-digital cameras, people simply stopped buying non-digital cameras.
The most frequently employed technique of workers was the STRIKE. Withholding labor from management would, in theory, force the company to suffer great enough financial losses that they would agree to worker terms. Strikes have been known in America since the colonial age, but their numbers grew larger in the Gilded Age.
THE COMPANY'S EARNING PER SHARE FOR THE YEAR WILL BE $2.30 PER SHARE.
Explanation:
FOR CALCULATING EARNING PER SHARE WE HAVE TO USED THE FOLLOWING FORMULA:
EARNING PER SHARE =
GIVEN:
NET INCOME = $9,660,000
NO. OF OUTSTANDING SHARE AT BEGINNING OF YEAR = 4,100,000
NO. OF OUTSTANDING SHARE AT END OF YEAR = 4,300,000
AS PER GIVEN FORMULA :
AVERAGE COMMON STOCK OUT STANDING = = 4200000 SHARES
NOW WE WILL FIND EARNING PER SHARE USING ABOVE FORMULA:
EARNING PER SHARE = $ 2.30 PER SHARE