If the price of lattes, a normal good you enjoy, falls "<span>both the income and substitution effects lead you to buy more lattes. "
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The income effect expresses the effect of expanded acquiring power on utilization, while the substitution impact depicts how utilization is affected by changing relative wage and costs. Distinctive products and ventures encounter these progressions in various ways.
Answer:
Unearned Service Contracts Revenue = $330,000
Explanation:
Unearned Service Contracts Revenue refers to the expected revenue from a contracts been carried and has yet been paid.
Unearned Service Contracts Revenue for 2010 = $100,000, for 2011 = $160,000 and for 2012 = $70,000
Unearned Service Contracts Revenue = $100,000 + $160,000 + $70,000
Unearned Service Contracts Revenue = $330,000
Answer:
1. The testing cost before putting the equipment into production
2. The costs of transportation
3. The costs of installation
Explanation:
An acquisition cost, also referred to as the cost of acquisition, is the total cost that a company made in the acquisition of an equipment. It shows the true amount that was paid for the acquisition of the equipment before sales tax was applied.
1. testing costs before putting the equipment into production
2. costs of transportation
3. costs of installation
Should be included in the cost of acquisition of a new equipment.
Two factors are color and packaging. For example, a blue hamburger is not desirable, because not many natural foods are blue. Packaging may also led to increased desirability of food. A fancy meal is more appealing on a ceramic plate than a plastic one, due to our connotation of plastic plates being for casual meals. Hope this helped you! :)
Given:
Fixed cost = 100
Variable cost = 10 sweaters; 15
Variable cost = 11 sweaters; 17
Total cost of 10 sweaters = $100 + 15 = $115
Total cost of 11 sweaters = $100 + 17 = $117
Change in number of sweaters = 11 - 10 = 1
Change in total cost = $117 - 115 = $2
The marginal cost of the 11th sweater is $2.