Answer:
Explanation:
Total revenue is the amount of money you got for selling all of your products/services.
Marginal revenue is the amount of money you got for selling the last unit of goods or services.
George Stigler is a known American economist and according to his theory the Consumer theory, he quoted that <span>“if consumers do not buy less of a commodity when their incomes rise, they will surely buy less when the price of the commodity rises.” This means that when consumers do not purchase a certain product even if their incomes increases, that is considered normal, but when the product increases in value, we can expect that these consumers will buy less of the product.</span>
Answer and Explanation:
The computation of the income before tax in the year 2022 would be reduced or decreased by the cash discount amount i.e. shown below:
= Sale value × discount rate × number of units sold
= $40,000 × 1% × 14 units
= $5,600
Hence, the amount is $5,600
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
The correct answer is "Michael Porter".
Explanation:
Michael Eugene Porter is a professor at Harvard Business School and directs the Institute for Strategy and Competitiveness at Harvard Business School. He is known worldwide for his influence on business strategy, consulting, economic development of nations and regions, and the application of business competitiveness to the solution of social, environmental, and health problems.
Have a nice day!
1,000 billion is how much the government would spend to increase outputs
