Answer:
b. principle of diminishing marginal productivity
Explanation:
c) The relationship for the supply curve between price and quantity is directly related. Suppliers are more willing to produce at higher prices.
d) substitution effect will generate shift in the supply curve as other products chane their price not the slope.
a) specialization will increase efficiency has no relationshp with prices.
b) as each unit added generates a lower amount of retunr (ceteris paribus) The price must go up to represent the marginal cost
Answer:
Classifying a cost as either direct or indirect depends upon B: whether the cost can be easily traced with the cost object
Explanation:
The classification of a cost as direct or indirect depends on the connection to the cost object. If the cost can be linked undeviatingly to the cost object, it is direct. On the contrary, if it can't be traced to the cost object it is indirect.
A. whether a cost is fixed or variable. Incorrect. A direct cost can be fixed or variable.
B. whether the cost can be easily traced with the cost object. Correct.
C. the behavior of the cost in response to volume changes. Incorrect. This is a variable cost (or fixed that changes in relevant range)
D. whether the cost is expensed in the period in which it is incurred. Incorrect.
Answer:
A. Applied research
Explanation:
Applied research is defined as a study that is aimed at finding answers to specific practical problems. The information.gained from applied research is usually applied to business activity to improve a product, service, or process.
In the given scenario Sue sends an email survey to current customers to discover what additional services Camp Bow Wow might offer. Based on the results, Sue intends to implement new services.
She is using applied research to gain information that will improve customer service in the organisation
Answer: Diversifies risk
Explanation:
The main purpose of having a portfolio is to be able to diversify risk so that a total loss is not made if things do not go well. As such, well diversified portfolios are able to reduce their unsystematic risk.
Individual stock on the other hand, cannot be diversified and so have unsystematic risk which makes their standard deviations(risk) higher.
Answer:
D. Dumping is exporting goods at prices that are lower than their value
Explanation:
Dumping in international trade occurs when a company or country exports goods to another at a cheaper place than it sells in its domestic market. Dumping involves the export of a large number of products to gain a substantial market share in foreign markets.
Although dumping is not illegal, it may stifle the development of local industries. Domestic producers, especially infant-industries, cannot compete favorably with low-priced dumped products. Countries apply protective measures such as import tariffs and quotas to guide against dumping.
