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sergij07 [2.7K]
3 years ago
13

Positive consumer experience with a good or service tends to result in an increase in all of the following EXCEPT: A. consumer d

emand B. quantity of supply C. consumer price D. cost of production
Business
1 answer:
Margarita [4]3 years ago
8 0

Answer:

Option "D". Cost of Production.

Explanation:

The positive experience of the customers exhibits that customer is satisfied with the commodity. Hence, a satisfied customer will always consume and demand that commodity. Therefore, the producer will induce to supply more and an increase in demand will push the price upward. Therefore, option "A", "B" and "C" tend to increase but option "d" does not relate to it.

Therefore, option "d" is correct.

You might be interested in
Suppose that the marginal cost of an additional ton of steel produced by a Japanese firm is the same whether the steel is set as
Nikolay [14]

Answer:

C) The Japanese will sell steel at a lower price abroad than they will charge domestic users.

Explanation:

Since the price elasticity of demand (PED) is higher abroad than in Japan, by exporting at a lower cost, the company is increasing the quantity exported in a greater proportion than it would if it sold the steel locally.

Price elasticity of demand (PED) measures how much does the quantity demanded of a good changes in proportion to a change in its price. For example, if the price increases by 10% but the demand only decreases by 5%, the PED is inelastic (= 5% / 10% = 0.5).

When

  • PED < 1, it is inelastic
  • PED > 1, it is elastic
  • PED = 1, it is unitary
6 0
4 years ago
A person invests $50,000 in an investment that earns 6 percent. If $5,648 is withdrawn each year, how many years will it take fo
patriot [66]

Answer:

13 years

Explanation:

As for the provided information, we have

Present value annuity factor required = \frac{50,000}{5,648} = 8.8526

Now provided interest rate = 6%

With this interest rate as in the future values for a series of same amount , we see that for 13 years the value = 8.8526

This can even be calculated as follows:

\frac{1}{(1 + 0.06)^1} + \frac{1}{(1 + 0.06)^2} + \frac{1}{(1 + 0.06)^3}  + \frac{1}{(1 + 0.06)^4} + .................. + \frac{1}{(1 + 0.06)^1^3}

As with this we can confirm our answer.

Therefore, number of years = 13 years.

8 0
3 years ago
During the current tax year, Paul came down with a serious illness. Paul's uncle paid many of Paul's expenses during the period
Naily [24]

Answer:

Neither Paul nor his uncle can deduct the expenses.

Explanation:

3 0
3 years ago
Riley says that the present value of $700 one year from today if the interest rate is 6 percent isless than the present value of
devlian [24]

Answer:

A) Both Riley and Anh are correct.

Explanation:

to see who is right we can calculate:

PV = FV / (1 + r)ⁿ

FV = PV x (1 + r)ⁿ

Riley's statement:

PV = $700 / (1 + 6%) = $660.38

PV = $700 / (1 + 3%)² = $659.82

Riley is right

Anh's statement:

FV = $700 x (1 + 6%) = $742

FV = $700 x (1 + 3%)² = $742.63

Anh is right

They are both right due to compound interest, since compound interest means that the interest earned will also earn more interest.

6 0
3 years ago
Lorenzo just graduated from college and is now in the market for a new car. He has saved up $4,000 for a down payment. He's deci
Georgia [21]

Answer:

Please see attachment

Explanation:

Please see attachment

5 0
3 years ago
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