As DVDs become popular as a substitute for the video cassettes, we will be expecting that the demand for the video cassettes will likely to "decrease". People found out and observed that DVDs has a better performance and can produce a good quality of sound. The prices of the two almost the same but the quality are different.
Answer:
Direct expenses
Explanation:
Direct expenses are defined as costs incurred by a business that are directly traceable to a cost object or business entity.
Some overhead cost for example is directly attributable to a particular department, so this is a direct cost.
Some examples of direct expenses are cost of raw materials, direct labour, customer service, transportation cost of goods from a supplier, and so on.
Adam will most likely have to pay for ATM usage fees.
ATM usage fees refers to the payment one makes when using an ATM machine especially if the bank card inserted is affiliated with another bank.
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Answer:
C. increase in the short-run but fall to zero in the long-run
Explanation:
A perfectly competitive industry is characterised by many buyers and sellers of homogenous goods and services.
There are no barriers to entry or exit of firms. Firms are price takers. Market prices are set by the forces of demand and supply.
As a result of increase in demand, more quantities of the vitamins would be bought and producers profit would increase in the short run. Because, there are no barriers to entry or exit of firms, new firms would enter into the industry in the long run, driving economic profits to zero.
Due to no barriers to entry or exit of firms, in the long run, firms in a perfect competition earn zero economic profit.
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<span>Bob and Cathy are using the Alternation strategy for managing the stability-change dialectic. This strategy keeps Cathy from always knowing when the surprise will take place, therefore keeping it somewhat of a surprise to her still even though she knows her birthday is soon.</span>