This kind of reasoning is said to be DEDUCTIVE REASONING.
Deductive reasoning is the process of reasoning based on multiple premises that are generally believed to be true. Deductive reasoning usually moves from the general to the specific. For instance, in the question given above, Jason reasoned that if other products are sold at discounted prices, then the items that are newly available will also be sold at discounted prices.
Answer:
The correct answer is letter "C": the equilibrium level of employment reached after all wages and prices have fully adjusted.
Explanation:
Full Employment is a situation in which all available human resources are utilized at their highest degree. Each worker is in a job where that worker has his or her more productive use and benefit to the aggregate economy. Full employment is usually achieved in a robust economy when employment reaches its equilibrium point after wages and price adjustments, but can potentially be achieved in any economy.
Answer:
No of units manufactured = No. of units sold + Closing units - Opening units
= 24000 + 21600 - 18000= 27600
Total selling expenses for february:
1. Sales commission = $ 700000 * 5% = $ 35000
Sales manager salary = $ 96000
Advertisement = $ 90000
Shipping charges = $ 14000
Misc selling expenses = $ 2500 + $ 3500 = $ 6000
Total selling expenses = $ 6000 +$ 14000 $ 90000 + $ 96000 + $ 35000 = $ 241000
Explanation:
The overall sacrifice a consumer makes to acquire a product or service is known as <u>price</u>.
All the products and services offered in the market have a price, which is the money that the consumer or client must pay to complete the operation.
The price, at a conceptual level, expresses the value of the product or service in monetary terms and the overall sacrifice that the consumer must give to acquire said product or service.
- Raw materials, production time, technological investment and competition in the market are some of the factors that influence price formation.
- The increase in prices over time is known as inflation, while the opposite trend is called deflation.
Therefore, we can conclude that the overall sacrifice a consumer makes to acquire a product or service is known as price.
Learn more here: brainly.com/question/12435467
