The part of consumption spending that is independent of disposable income is called <u>Autonomous consumption</u>.
- The costs that customers must incur even when they have no extra money are referred to as autonomous consumption. No matter how much money or income a customer has available at any particular moment, some things must be bought.
<h3><u>What does autonomous consumption look like?</u></h3>
- Autonomous consumption occurs when you purchase food so you can feed yourself. Not wants—these are fundamental requirements. You might not have enough money to pay for these things, in which case you can use a credit card or money from your savings to make the purchase.
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Answer:
it is not allocatively efficient
Explanation:
Monopoly is a market condition where one seller has all the market share. This leads to an inefficient market structure, an increase in the prices of goods and services and abnormal profits. A problem with adopting a fair return polity for a natural monopoly is that it is not allocatively efficient. In a monopoly, goods and services are not produced to help the economy or people.
D. Average and below-average customers.
Consider that below-average customers would lose a company money because below-average customers buy less and potentially cost more than average customers. Therefore, if a company only targeted average and below-average customers, their revenue would be pulled down by the below-average customers and their expenses or costs would be pulled up by the below-average customers. These two factors could contribute to the company losing money.
Answer:
To minimize cost, the pipe should follow a rectangular path.
Explanation:
Let us denote the square bottom of the dug pit as
P = S²
and its cost will be P = 2S² = 4S to dig
Let us denote the height of the pit as H,
Therefore, Total area of the pit will be:
4SH
and its cost is 2SH
The volume of the pit is
v= S²H = 4² × 2 = 128
Total cost therefore is =
C = 2S² + 2SH
This therefore translates to
128 = s²h
Making H the subject of the formula,
we have, h = 128 / S²
Cs therefore = 2S² +2S . 128 / S²
Cs = 2S² + 256 / S
Cs = 4S - 256 / S²
Cs = 4S³ - 256 / S
4S³ - 256 / S = 0
4S³ - 256 - 0 = S
Solving further, S = 4
Where,
H = 128/64
= 2
Therefor, S = 4 and H= 2
So our pipe will follow a rectangular path to properly minimize cost.
Amount to be recorded for accounts receivable would be $15000.
<u>Explanation:</u>
Accounts receivable are lawfully enforceable cases for installment held by a business for products provided as well as administrations rendered that clients/customers have requested yet not paid for. These are for the most part as solicitations raised by a business and conveyed to the client for installment inside a concurred time span.
Accounts receivable (AR) is the balance of money due to a firm for goods or services delivered or used but not yet paid for by the customers till now. So they will go in the accounts to still be receivable.
