Answer:
The correct answer is the option C: there are many substitute goods available for a product, and they have a long time horizon to adjust their consumption.
Explanation:
To begin with, the concept known as <em>''price-responsive'' </em>in the marketing field and in the business world refers to the ability by the consumers to adjust their consumption behavior regarding the prices that are being charged by the company in order to control the use of the good itself and therefore to avoid paying high prices. Moreover, it is understood that in this theory scheme the consumers are adaptative to the services price changes that the company tends to do.
Answer:
the benefit to his grades from studying for an hour
Explanation:
Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.
Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.
In this scenario, Gomer decided to spend an hour playing basketball rather than studying his books. Thus, his opportunity cost is the benefit to his grades from studying for an hour.
This ultimately implies that, if he had spend the time he used in playing basketball to study, it would have added value to his grades.
The interest receivable should be reported separately as a current asset. The allowance for doubtful accounts should be deducted from accounts receivable.
Answer:
A. W = 0joule
B.W = d * w * cos (90 -ø)
Explanation:
work done is force multiplied by distance since the distance covered by the dresser is zero so automatically work done in moving the dresser is 0 (zero)
B. The component of weight of box along the inclined plane = w * cos ( 90 - ø )
Where ø is the angle of inclination to the horizontal
W = weight of body due to gravity.
Since the distance traveled by box due to gravity = d
So therefore:
W = d * w * cos (90 -ø)
W = work done
N.b
See attached sketch for comprehension
Answer:
$1,375
Explanation:
Calculation to determine What was the amount of revenue for July
Using this formula
July Revenue= July Cash Received for services provided+ Services provided to customer on credit
Let plug in the formula
July Revenue= $950+$425
July Revenue=$1,375
Therefore the amount of revenue for July is $1,375
