<span>A rise in the price of electric razors result in an increase in demand for nonelectric razors because consumers would rather choose to buy a product with lower cost having the same effect as compared to the product with the higher price. Buying the nonelectric razor would save them money while still having the same output.</span>
Answer:
Stock-split
Explanation:
A stock-split means that the existing price of one share of Nathan will be divided into two such that the two new shares will be exactly equal to one old share. Once that is done, small investors will be more comfortable buying the shares at a cheaper price.
Whether before or after the stock-split. A given amount invested will give an investor the same percentage ownership in the same company. It has only made Nathan's shares look cheaper to attract small investors while the market capitalization (overall value) of Nathan remains the same.
There will be an increase in quantity supplied. (The Law of Supply)
- A key tenet of economic theory is the rule of supply, which asserts that a rise in price will result in an increase in the quantity provided, all other things being equal. In other words, there is a direct correlation between price and quantity, and quantities react to price changes in the same way.'
<h3><u>What is a case of the law of supply?</u></h3>
- For instance, if Apple produces 100 iPhones, then this is the quantity that is sold. The link between pricing and supply is referred to as the "law of supply." Supply also rises in tandem with price growth. In the event that prices decline, so will supply.
To Learn more about Law of Supply, Click the links.
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Answer:
W = $27.34
Explanation:
Given data:
Percentage Decline in average income is = 2%
CPI in 1990 1.30
CPI in 2000 is 1.69
Average nominal wage is 2000 is $35
Inflation rate is given as
Inflation rate = % Change in CPI
= (1.69 / 1.3) - 1
= 1.3 - 1 = 0.3 = 30%
Real wage = Nominal wage / Price level, hence
Percentage change in real wage = % Change in (nominal wage - inflation rate)
-2% = % Change in nominal wage - 30%
% Change in nominal wage = 28%
let nominal wage in 1990 is w
W\times 1.28% = $35
solving for W = $27.34
Answer:
d. $2,950,000
Explanation:
The computation of amount of research and development costs charged is shown below:-
Amount of research and development costs = Direct materials + Personnel cost + Consulting fee paid to outsiders + Indirect costs + Depreciation
= $995,000 + $795,000 + $345,000 + $270,000 + $545,000
= $2,950,000
Therefore for computing the amount of research and development costs we simply applied the above formula.
