Answer:
The price of baseball bats (a complementary good) increased
If the price of a complementary good increases, this would result in a decrease in demand for baseballs.
Explanation:
Answer:
Explanation:
A. Swiss watch manufacturers producing high quality time pieces.
1. Comparative Advantage
B. U.S. auto makers offering a great variety of makes and models of cars.
2. Specialization or Economies of Scale
C. The ability of developing nations to export textiles to wealthier countries.
US auto makers manufacture on large scale so they have economies of scale . Moreover they are technically superior because of specialisation .
1. Comparative Advantage
wealthier nation too can export textile but that will be costlier so developing nation has comparative advantage of cheap labour.
D. Doctors becoming experts in one type of medicine rather than becoming proficient in many areas.
2. Specialization or Economies of Scale
E. Your economics professor paying a gardener to do work that he/she could do on their own.
1. Comparative Advantage
Professor can earn more by using his time as a professor so he has comparative advantage .
Answer:
I'm sorry I looked it up but one site said 41 and another said 79
the producer in this case sujid is gaining a little more money because then when the profit is increased he will get a little less money because then the people will buy it but the money will be less for the producer(s)
Answer:
It is decreased by the sale amount
Explanation:
An income statement is a financial statement that communicates a business's profitability. An income statement lists the revenues and expenses incurred by a business in a period.
The sale of a company's asset may result in a loss or profit. A profit is treated as an income to the business, but a loss is an expense. When an asset is sold at a loss, business expenses increase. An increase in expenses reduces profits as reported in the income statement.
