will increase.
B) all factors decreases.
C) all factors increases.
D) the factor whose price has increased will increase, but the demand for the other factors
will decrease.
Answer:
A) the factor whose price has increased will decrease, but the demand for the other factors
Explanation:
The production of goods and services in an economy comes from the combination of factors of production, for example labor and machinery. When the price of one of the factors of production increases, the quantity demanded by that factor will decrease, since there will be a rearrangement in production to alter the necessary composition between the factors in the production of a good. In other words, one factor will be replaced by another as much as possible.
For example, if the shoe production uses 2 machines and 10 workers. If the price of labor increases, the company may invest in buying one more machine and reducing the number of workers to 5.
b. False
Answer:
True
Explanation:
Form 1040EZ is a short version of the 1040 form to file the income tax return. This form is used by people with a simple tax situation that have an income of less than $100,000 and have no dependents. Also, this form only have a few deductions available and because of this it is true that it is used by individuals who do not claim a lot of deductions.
Answer:
Yes, the cost of the annual premium for 10 years was less than the accident claims
Explanation:
Eleanor pays 2,000 dollars per year on premium. In ten-years will pay 20,000 dollars.
The tree caused damage for $ 40,000 thus, more than the premium cost.
It was worthwhile for Eleanor as it paid 20,000 dollar distributed among 10 years for damaged worth $ 40,000
Answer: B) False
Explanation: The reason why is because marketing means buying.
To increase their own profits. Increasing company’s profit is one of the main goals of the corporations and also of its shareholders. This is because a company is made to accumulate wealth of everyone who invested in it. This is also one way company can continue their operation, since profit is the bloodline of every businesses.
Answer:
to increase their own profits
Explanation:
The two main goals of corporations were to eliminate competitors and to increase their own profits.