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3241004551 [841]

3 years ago

14

An economic principle states that the lower the price of a product, the greater the quantity consumers will wish to purchase. Th

is principle is based on the critical assumption that

1 answer:

nikitadnepr [17]3 years ago

5 0

The law of demand is a fundamental principle of economics which states that at a higher price consumers will demand a lower quantity of a good.

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Eric wanted a new tv and entertainment center and got them both from abc electronics. he will pay off his tv and entertainment c

satela [25.4K]

The answer on Apex is finance agreement.

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3 years ago

maximum amount willing to payGenesis Scents has two divisions: the Cologne Division and the Bottle Division. The Bottle Division

Bezzdna [24]

Answer: $2.60

Explanation:

Based on the information given in the question, the maximum amount that the Cologne Division would be willing to pay for each bottle transferred would be the amount that the company can purchase the containers in the external market which is given in the question as $2.60.

That's the highest amount that they can but the containers for. Therefore, the answer is $2.60

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3 years ago

Oromyx Inc., a manufacturer of home appliances, received consumer complaints about its product demonstration and installation se

e-lub [12.9K]

Answer:

customer service

Explanation:

Based on the information provided within the question it can be said that the work team improved their customer service. This is because the training program was designed for the work team to better understand the product that they are selling. This knowledge would help them provide the customer with all the information that they need as well as a one on one demonstration of how the product works and the salesperson can also answer any questions that they may be having. All of this contributes towards servicing the customers and providing them with a great experience and product.

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3 years ago

Rare earth metals are used to manufacture some important electronic components in popular products like cell phones. These metal

Talja [164]

Answer:

This is a situation of derived demand. The demand for electronics is derived from that of rare earth metals.

So if the price of extraction of rare earth metals increases, supply will not meet demand, prices of rare earth metals will go up.

Since demand for electronics is derived from that of rare earth metals, the price of electronics will go up to accommodate the price change of the rare earth metals.

Explanation:

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3 years ago

Explain the basic assumption of economics with respect to rational self-interest. Describe two detailed real-life examples apply

Roman55 [17]

When making economic decisions, economists make assumptions in order to better understand how consumers' and businesses' behaviour.

To assist explain how an economy works and how to maximise growth, income, and employment, there are numerous economic theories.

However, preferences—that is, what companies and customers like to have or prefer to avoid—are central to many ideas. Additionally, the assumptions frequently concern the resources that are or are not readily available to meet the demands and preferences. The decisions that individuals involved in an economy make are significantly influenced by the availability or scarcity of resources.

Learn the rationale behind economists' assumptions and how they affect economic models.

When making economic decisions, economists make assumptions in order to better understand how consumers' and businesses' or economic behaviour.

Economists They use assumptions in order to build a model that they can control because they are unable to isolate certain factors in the real world.

Learn more about economic behaviour hear :

brainly.com/question/15073240

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7 0

2 years ago