Answer:
The statement is: True.
Explanation:
Business letters communicate relevant information to other businesses or top managers within the same company from where decisions can or have to be made. For such purposes, a business letter has to be objective, direct, unbiased, avoiding all types of grammatical errors such as the use of hidden verbs, exuberance, or redundancy.
<em>While writing the message, the </em><u><em>opening</em></u><em> sentence must summarize the action that should be taken politely. Following, the </em><u><em>body</em></u><em> should explain the request with logical facts to finally reiterate the action that must be done in the </em><u><em>closing </em></u><em>appreciating the earliest attention to the matter.</em>
Answer:
-19.061%
Explanation:
interest earned= principal x time x interest rate
Interest earned = $264,500 - $204,000 = $-60,500
$-60,500 = $264,500 x 12 x interest rate
interest rate = -0.19061 = -19.061%
This situation is known as cannibalization. Cannibalization is a marketing strategy that refers to the reduction company's see in there sales volume, revenue or market share of a current product when they release a new product. When a company releases a new product, those who are fans of their other products will likely try the new product instead of the hold which initially brings down the volume they sell and make from the initial product.
Answer:
The correct answer is the option 3: AS shifts right and price level would increase.
Explanation:
To begin with, the <em>Aggregate Supply Curve</em> is the total amount of goods and services that the suppliers are willing and able to offer at a certain price level given and at a certain period of time. If the costs of the sellers increases then that would mean that they would try to obtain more profits so that would implicate in an increase in the amount of quantity offered by them. So that means that the aggregate supply curve would shift to the right and the price level would increase as the sellers would try to earn more profits so that they could cover all the new costs given by the government.
Answer:
$1
Explanation:
We can use the simple consumer surplus formula:
Consumer surplus = Maximum Price Willing to Pay - Actual Price
For Bob
Consumer Surplus = $10 - $8
= $2
For Lisa
Consumer Surplus = $7-8
= $-1
So, the total consumer surplus is $1
