False False false false false
Answer:
<u>A Straight re-buy situation </u>
Explanation:
Straight re-buy situation refers to a state wherein a consumer makes purchases of similar goods, from the same seller, with similar order quantity and for a similar price.
In most of the cases, the purchaser re-orders the previously placed order without paying much heed to the details of such order.
In the given case, the customer purchased supplies from the vendor from whom she had previously purchased, with similar order size and for similar amount. This represents a case of straight re-buy situation.
Answer: $83
Explanation:
Given that,
On 1 June,
Materials purchased = 50 units
Unit price of material = $1.30
On June 15,
Materials purchased = 50 units
Unit price of material = $1.20
Total cost of 65 units:
= (Material purchased on 1 June × Unit price of material) + [(65 units - 50 units) × $1.20]
= (50 units × $1.30) + (15 units × $1.20)
= $65 + $18
= $83
Answer: proportion of extra income that is consumed. (D)
Explanation:
The marginal propensity to consume is the proportion of an additional income that an individual consumes.
For example, if a household earns an extra dollar of disposable income, while the marginal propensity to consume is 0.60 this means that at that dollar, the household will spend 60 cents and save 40 cents.
