Answer:
The answer is D. The change in quantity demanded of a good that results from a change in price, making the good more or less expensive relative to other goods, holding constant the effect of the price change on consumer purchasing power
Explanation:
Substitution effect is a concept in which, as the price of a good or service increases, less of the good or service is substituted for other less expensive.
For example, if the price of Pepsi were to rise, the substitution effect would cause the consumer to buy less of it and substitute more coca-cola for now relatively more expensive Pepsi.
Option A. is wrong because we are talking about the quantity demanded and not just demand. (Please take note).
Answer: Two-day option at $301.10
Explanation:
Total cost = Cost of Shipment + (H * shipment time)/365
H = Annual earning potential = 125 units * (200 * 30%)
= $7,500
Overnight shipping:
= 300 + 7,500 * 1/365
= $320.55
Two-day
= 260 + 7,500 * 2/365
= $301.10
Six-day
= 180 + 7,500 * 6/365
= $303.29
<em></em>
<em>The Two-day option would be most economical. </em>
Answer: See explanation
Explanation:
The Accounts Payable balance would be calculated as:
Beginning balance = $9800
Less: Amount Paid = $2400
Account payable = $7400
The Accounts Receivable balances at June 30, 2016 would be:
Beginning balance = $5600
Less: Amount received = $3900
Account receivable balance = $1700
Answer: Field experiments
Explanation:
Field experiments is referred to as or known as randomly assigning the subjects to either control groups or treatment, done in order to access the claims of the causal relationships. The random assignment tends to help in order to establish comparability of control group and treatment, such that any differences in between them that tend to emerge after treatment are administered and governed plausibly tends to reflect influence of these treatment instead of the pre-existing differences in between these groups.
