The Law of Demand dictates that there is an inverse relationship between the price of a good or service and consumer demand. As price increases, demand typically decreases and vice versa.
The Law of Demand is a principle in economics that states that as the price of a good or service increases, the quantity demanded decreases, assuming all else is equal. Conversely, as the price of a good or service decreases, the quantity demanded increases. Therefore, the correct response to your question would be option B: 'An increase in the price of a good will lead to a decrease in consumer demand, and a decrease in the price of a good will lead to an increase in consumer demand.'
As an example, if the price of a candy bar increases significantly, customers might choose to purchase fewer candy bars or possibly buy other types of candy instead. Conversely, if the price decreased, customers were likely to buy more candy bars, all else being equal.
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Answer:
The correct answer is "a"
Explanation:
Outsourcing value chain activities has such strategy-executing advantages as less internal bureaucracy, speedier decision-making, quicker responses to changing market conditions, and heightened focus on performing a select few value chain activities (which can improve performance of those activities).
Outsourcing is a business method in which a company contracts an outside supplier to obtain goods and services. To reduce possible internal bureaucracy.
The ‘% of total sales from products introduced in the last 12 months’ is a metric used to monitor product development. The correct option is c.
This metric helps to track the success of newly launched products in terms of the proportion of sales it contributes to the total sales in a given time period. This can be a helpful tool for assessing the efficacy of product development, providing insights into how well the company is adapting to changes in consumer demand. Additionally, this metric can be used to determine the level of innovation within the company, and how well it is responding to customer needs.
A company may utilize this metric to evaluate the strength of its product development strategies by measuring the revenue that arises from products introduced in the past 12 months. This metric will provide insight into whether or not the product development department is delivering the desired outcomes by producing new and profitable products.
Furthermore, this metric helps businesses in their product portfolio planning, identifying areas of opportunity, and developing marketing strategies to target specific customer groups. By understanding the percentage of total sales generated by new products, companies may determine the amount of revenue they may generate from new product lines and, as a result, the expected return on investment.
Thus, the percentage of total sales from products introduced in the last 12 months is a critical metric utilized by businesses to monitor their product development and assess the effectiveness of their new product development strategies.
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Answer:sober
Explanation:
Most likely, a macroeconomist will research inflation. As a result, choice (C) is the proper approach.
In the field of economics, inflation is the overall rise in the cost of products and services throughout a country's economy.
A decrease in the purchasing power of money results from an increase in the general price level, which makes each unit of currency buy less in goods and services.
This is why inflation is a result of rising prices generally. Deflation is the reverse of inflation, which is an increase in the average level of prices for goods and services.
The annualized percentage change in an index of general prices, or the inflation rate, is the most widely used indicator of inflation. The consumer price index (CPI) is frequently employed for this since household prices do not rise uniformly. American salaries are calculated using the employment cost index.
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Answer:
I would say the answer is c. inflation.
Answer:
a. $10,000; -$20,000
Explanation:
Accounting profit is total revenue less total cost.
Economic profit is accounting profit less implicit cost or opportunity cost.
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
Total cost = $30,000 + $80,000 + $20,000 = $130,000
Accounting profit = $140,000 - $130,000 = $10,000
If Bessie didn't start her farm, she would be working as a teacher. thus, her opportunity cost is what she would have been earning as a teacher which is $30,000.
Her economic profit = $10,000 - $30,000 = $-20,000
I hope my answer helps you