Price and quality exist positively correlated. A drastic fall in the price of a necklace shows a drastic fall in its quality.
<h3>
What is price?</h3>
A price exists as the quantity of payment or compensation provided by one group to another in return for goods or services. In some situations, the price of production has various names. If the product exists as a "good" in the commercial exchange, the payment for this product will likely be named its "price".
A positive correlation exists as a connection between two variables that move in tandem—that is, in the same direction. A positive correlation exists when one variable decreases as the other variable declines or one variable increases while the other increases. A positive correlation indicates that both variables change in the same direction. A negative correlation indicates that the variables change in opposite directions. A zero correlation signifies there's no association between the variables.
Price and quality exist positively correlated. The price of a product stands as a good indicator of its quality. You always have to spend a bit more for the best. The marketing literature has managed the usage of price as a surrogate for quality as a decision-making heuristic. That exists; the higher the price, the higher the quality.
Therefore, a drastic fall in the price of a necklace shows a drastic fall in its quality.
To learn more about positive correlation refer to:
brainly.com/question/17104826
#SPJ4
An owner who is active in managing the company, and who has unlimited liability for claims against the firm is a "general" partner.
A general partnership, the essential type of association under common law is a course of action by which at least two people consent to partake in all advantages, benefits and monetary and legitimate liabilities of a business. Such partners have boundless liability, which implies their own assets are at risk to the partnership's commitments.
It goes up because you are paying your payments therefore building credit by showing you are trustworthy..
Answer:
Price; marginal cost; cost minimizing; output; Cost of production or cost of inputs involved in production
Explanation:
In perfect competition a firm is in equilibrium when its marginal cost of production is equal to the price of its product. The firm will be able to maximize profit or minimize cost at this point.
The demand curve is a horizontal line, which means demand is perfectly elastic. A change in the price will cause the demand to become zero.
The cost mentioned here is the cost incurred to employ inputs in the process of production, which is an explicit cost.
Answer:
There were 9 cats at the shelter on Wednesday.
Explanation:
Per day cost to care for each cat = $2.00
Per day cost to care for each dog = $6.50
Total Cost on Wednesday = $44.00
Suppose
Number of cats = C
Number of dogs = D
According to given condition
C + D = 13 (Equation 1)
( each cat's per day cost x Number of cats ) + ( each dog's per day cost x Number of dogs ) = Total coat
2C + 6.5D = 44 (Equation 2)
Multiply (Equation 1) by 2 and we get
2C + 2D = 26 (Equation 3)
Subtract (Equation 3) from (Equation 2)
2C + 6.5D - 2C - 2D = 44 -26
4.5D = 18
D = 18/4.5
D = 4
by placing value of D in (Equation 1)
C + 4 = 13
C = 13-4
C = 9
