Answer: a good consumers demand more of as their incomes increase. "Ceteris paribus" means demand will change when price changes. if other market factors remain constant.
Answer:
a) Perfect substitution
Explanation:
When two good or services can satisfy the same purpose, and their prices are closely matched then they are called perfect substitutes. Example.
Answer:
B) offer grants to university researchers
Explanation:
Positive externality is when the benefits of economic activities to third parties exceeds its costs.
Research and development activities usually generate positive externality because discoveries and inventions are made which benefits the whole society.
Also, education generates positive externality .
Government can encourage activities that generates positive externality by giving grants and subsidies.
Giving grants and subsidies reduces the cost of activities.
Taxes increases the cost of production and this can discourage production.
It is activities that generate negative externality that are usually taxed.
Negative externality is when the benefits of economic activities to third parties is less than the cost.
Answer:
At the end of the first year, Borge should report unamortized bond discount of a. $169,470.
Explanation:
Solution:
Interest amount =
($2,817,000 * 0.09) - ($3,000,000 * 0.08)
=$13,530
Bond Disc. Amount; ($3,000,000 - $2,817,000) - $13,530
= $183,000 - $13,530
= $169,470
Answer:
Depending on how many stages you like to go by here are the phases
<u>6 Stages:</u>
1. Development
2. Introduction
3. Growth
4. Maturity
5. Saturation
6. Decline
<u>4 Stages:</u>
1. Development/Introduction
2. Growth
3. Maturity
4. Decline
Explanation:
Check the Attached Image!
