The simple answer is competition. While Southern Brewers was the only supplier in the market, they had monopoly over that industry which is why they could afford to give high prices. When other suppliers came with lower prices, they can't keep their high prices anymore because people can now save money with other suppliers.
Answer:
True
Explanation:
In a market economy ,driving force that encourages people and organizations to improve their material well-being is profit motive . The profit motive driving force to improve their material well-being is characterized by capitalism and free enterprise . Capitalism is an economic system in which private citizens, like you, own and use the factors of
production. Individuals or companies make products and profits. If the products can be bought and
sold without government regulation or control, we have a condition called a free market.
If an economy has both capitalism and free markets, we say that the economy is based on free enterprise. Under free enterprise, resources are privately owned. Competition is allowed with a minimum (least amount) of government controls.
Answer:
a. By Differential Analysis
Accept Order or Reject Order
Per Unit: Accept Order Reject Order Differential effect on income
Revenue: $ 0 $7.20 $7.20
check the attached file
I think the answer is positive reinforcement.....
Answer and Explanation:
The computation of the balance outstanding at the end of the month 2 is shown below:
Month Due balance Interest Monthly Balance Oustanding
payment Reduction Balance
1 $7,000 $210 $700 $490 $6,510
($7,000 × 3%) ($700 - $210) ($7,000 - $490)
2 $6,510 $195.30 $700 $504.70 $6,005.30
($6,510 × 3%) ($700 - $195.30) ($6,510 - $504.70)