I did some research and found out it is the law of increasing costs
:)
Answer:
b. decrease in the demand for the good.
Explanation:
An inferior good is a good whose demand falls when income increases and rises when income decreases.
A decrease in demand would lead to a leftward shift of the demand curve.
Inferior goods contrasts to a normal good. A normal good is a good whose demand increases when income rises and falls when income reduces.
Only a change in the price of a good leads to movement along the demand curve for that good.
I hope my answer helps you
Answer:
Esteem needs.
Explanation:
An individual's esteem need according to Maslow is the need for respect, self esteem, status, and self confidence. Everyone wants to be valued and accepted by people, and this is esteem need. Esteem is an internal need but it is influenced by external environment when people validate and approve of a person.
North has just been promoted and along with this status change comes a corner office and a designated parking spot. This shows she is accepted and valued by the organisation.
Answer:
$44,083.72
Explanation:
Given:
Debt ratio = 57%
Asset turnover = 1.12
Profit margin = 4.9%
Total equity = $511,640
Find the total debt:
Debt = debt ratio × total equity
= 0.57 * 511640
Debt = $291,634.80
Find the total assets:
Total assets = Total debt + Total equity = $291,634.80 + $511,640
Total assets = $803,274.80
Find total turnover:
Turnover = Total assets * Total asset turnover ratio
= $803,274.80 * 1.12
= $899,667.78
Now find the amout of net income:
Net Income = Turnover * Profit margin
Net Income = $899,667.78 * 4.9%
= $44,083.72
The amount of net income is $44,083.72
Product price and average total cost.