Answer:
a. Decrease in demand
b. Increase in quantity demanded
c. Decrease in demand
d. Increase in demand
Explanation:
A change in quantity demanded of any product is caused by change in its price while other factors are constant. On the other hand, a change in the demand is caused because of change in other factors while the price of the product remains constant.
a. Here, a wireless internet access service is a substitute for cable-based internet service. A decline in the price of substitute will cause consumers to prefer the cheaper substitute. As a result, the demand for cable-based service will decline.
b. With the decline in the price of cable-based service will lead to an increase in the quantity demanded.
c. A decrease in the income of the consumers would lead to a decline in the demand as the consumers will be able to afford less.
d. A shift in consumer's taste in favor of cable-based services will lead to an increase in demand as people will now prefer more of cable-based services.
Answer:
75%
Explanation:
As we know that
Utilization of the counter is
= Required time ÷ Capacity in terms of minutes per hour
where,
Required time is
= 5 minutes × 10 deposit transactions + 6 minutes × 5 withdraw transactions + 10 minutes × 1 electronic transfer
= 50 minutes + 30 minutes + 10 minutes
= 90 minutes
And, the capacity is
= 60 × 2
= 120 minutes
So, the utilization is
= 90 minutes ÷ 120 minutes
= 75%
Answer:
$80,000
Explanation:
We can find out the cost of construction actually incurred in 2021 by adding the construction in progress with income before the tax on the contract recognized in 2021
Cost of construction actually incurred = construction in progress + income before the tax on the contract recognized in 2021
Cost of construction actually incurred = $100,000 - $20,000
Cost of construction actually incurred = $80,000
Consumption efficiency (Ec) is defined as a ratio, expressed as a percentage: a final output's effectual value divided by its potential value