Answer:
Equilibrium quantity and price will decrease
Explanation:
Inferior goods are the products or services whose demand increases with an increase in price. An Inferior good contracts a normal product whose demand falls with a rise in price. Should consumer's incomes increase, the demand for inferior products and services will decrease.
If potatoes are inferior goods, an increase in incomes will result in a decrease in their demand. The equilibrium quantity will decrease. If and a new higher-yielding variety of potato plant is developed, it will create competition for the inferior potatoes. With an increase in income, consumers tend to prefer 'perceived' high-quality and more costly products. The new higher-yielding variety will be demanded more, which will result in a decline in prices for the inferior potatoes.
Answer: Both stages with a capacity of 10 units per hour can be considered bottlenecks.
Explanation:
From the information given in the question, the best conclusion is that both stages with a capacity of 10 units per hour can be considered the bottlenecks.
It should be noted that the bottleneck in the chain of processes, is the one that has the limited capacity and this then reduces the capacity of the whole chain and slows down production.
Answer: A. the government blocks entry, control of a key resource, network externalities, and economies of scale.
Explanation:
The question is not properly organised and is asking what the following action means, see below proper sequence:
1. A candidate recalling all the good things he has done, and omitting facts that would justify his defeat debating team is called (…).
2. Giving the impression that everyone is involved so the listener would feel the "danger" of missing out is (…).
3. An organized group that competes with others in the art of debate is (…).
4. Without any danger of error; basing actions on the truth is (…).
5. To inform and make known the opinions and feelings of oneself is (…).
Answer:
1. card-stacking
2. bandwagon
3. a debating Team
4. factually
5. propagandizing
Answer:
The answer is D. both inventory and net income a higher value.
Explanation:
FIFO is First in First Out. This means what was bought first goes out first.
LIFO is Last in First out. This means what was bought last was sold first.
For FIFO, in time of rising price, the ending inventory will contain the ones bought last when the price is rising, so the ending inventory will be higher and for LIFO, the last inventory with high price will b sold out first, remaining the inventory that was bought at cheaper rate.
In FIFO, because the ending inventory is high, cost of sales will be low and this means high gross profit and operating profit or net income
