The more they focus on a task the more efficient they become at this task, which means that less time and less money is involved in producing a good.
Answer:
D) nondurable goods
Explanation:
Durable goods or hard goods are goods that retain its value over a long period of time. It isn't totally consumed over time but can be used over a long period of time. E.g. computer, phone etc
Nondurable goods are goods that are consumed in a short period of time.
Intangible goods are goods that are non physical in nature. Example are services.
I hope my answer helps you
Answer:
9.2%
Explanation:
expected return of the investment = potential return x chance of each return happening
Expected return of the investment:
- 20% chance of occurring x 30% potential return = 0.2 x 30% = 6%
- 50% chance of occurring x 10% potential return = 0.5 x 10% = 5%
- 30% chance of occurring x -6% potential return = 0.3 x -6% = -1.8%
- total expected return = 9.2%
Answer : coefficient of determination.
In the regression analysis results on MS excel the SSR/ SS total is called as " coefficient of determination"
Answer:
Inelastic
Explanation:
The inelastic demand means the demand of the product does not vary when there is much change in the price. Let us assume that if the price is increased by 20% so the demand decreased only by 1% so here we can said there is inelastic demand
Also due to increased in the supply, the demand does not increased that much. So if the price is decreased so the demand does not respond due to which the total revenue comes down
So as per the given situation, having the large quantity caught the revenue is decreased so here the demand should be considered inelastic
