Answer: the substitution bias
Explanation: The substitution bias shows the tendency of consumers of buying less costly good in place expensive one.
In the given case when the price of apple rises and the price of oranges falls then the consumer will purchase more of the oranges. In such a scenario the index will rise showing that the good which was purchased earlier by the consumers has risen however in the real world the consumer shave sifted their demand to a less expensive product.
Thus, it will lead to overstatement of substitution bias.
To compute the accounting rate of return, you just have to divide the average accounting profit with the average cost of investment. In this problem, the average accounting profit is $1,805 and the average cost of investment is $76,000. Using the formula in computing the accounting rate of return, we can get 2.38% ($1,805 /<span> $76,000</span><span>).</span>
I would guess be good at sports or be popular because in 4th and 5th grade there are no grades
Answer:
"A"
Explanation:
Strict product liability is a law established to protect the interest of consumers , where a producer or seller of a product is liable for a defective product , even if the plaintiff demonstrated a degree of negligence.
Under this rule , any person who produces a defective goods is liable if the good should find its way into the market and causes damages to consumer .
In the question , the only point that proves that the good originated from Breakfast foods is the it profits from the sale of its waffle irons.
To attain higher profit levels. Demand-based pricing is likewise as client based evaluating, is any estimating strategy that utilizations purchaser request – in view of apparent esteem – as the focal component. These incorporate value skimming, value segregation, mental estimating, package evaluating, infiltration valuing, and esteem based evaluating.
