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Crazy boy [7]
3 years ago
12

When the price of a product increases, a consumer is able to buy less of it with a given money income. This describes the

Business
1 answer:
e-lub [12.9K]3 years ago
4 0

Answer:

Describes the inverse relationship.

Explanation:

This describes the inverse relationship between price and purchasing power. If the price of a commodity increase then the purchasing power of a consumer decreases automatically. If the price of the commodity decreases then the consumer's purchasing power increases which means the consumer is able to buy more commodity with the same income.

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When a firm initiates or increases a cash discount, the net effect on the accounts receivable investment is difficult to determi
Scilla [17]

Answer:

Yes is True that when a firm initiates or increases a cash discount, the net effect on the accounts receivable investment is difficult to determine because the nondiscount takers paying earlier will reduce the accounts receivable investment, while the new customer accounts will increase this investment.

Explanation:

Accounts Receivable is any amount of money owed by customers for purchases made on credit. It is an asset account on the balance sheet since it is money due in the short run.

As a current asset, Accounts Receivable is an important aspect of a businesses' fundamental analysis used to measures a company's liquidity or ability to cover short-term obligations without additional cash flows.

Accounts receivable Investment will be reduced if the firm initiates or increases a cash discount.

6 0
3 years ago
Bonita's Braidworks hires workers to braid hair. The store sells the service for $25 per customer. The marginal revenue product
kenny6666 [7]

Answer:

2 Braided Customers

Explanation:

Given:

Services Rate per customer = 25 $

Marginal Revenue Product = 50 $

Marginal Product = (Marginal Revenue Product / Service rate per customer)

Marginal Product = 50 / 25

Marginal Product = 2 Braided Customers

4 0
3 years ago
KylaKyla is buying clothesclothes. She can choose between blue jeansblue jeans​, khaki pantskhaki pants​, and black jeansblack j
cupoosta [38]

Answer:

B. The khaki pants

Explanation:

Opportunity cost is the benefits forfeited as a result of choosing one item or activity over the other.  It the value of the next best alternative of choice made.

Opportunity costs arise because people have to make choices every day. Choosing an item over others implies sacrificing the benefits of the others. The value or cost of the sacrificed item represents the opportunity cost.

Khaki pants are the opportunity cost. Kyla is comfortable with either blue jeans or khaki pants. He does not like black jeans. His alternatives are khaki pants or Blue jeans. Choosing blue jeans implies forfeiting khaki pants. The khaki pants are the best alternative that was missed.

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What type of loan requires you to pay the interest accumulated during college
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This type of loan is called an unsubsidized loan. Hope I helped!
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