Answer:
Demand Increase = Supply Increase : No change in price, quantity increases
Demand Increase > Supply Increase: Price increase, quantity increase
Demand Increase < Supply Increase : Price decrease, quantity increase
Explanation:
Markets are at equilibrium where market demand = market supply. And, upward sloping supply curve intersects with downward sloping demand curve.
If both demand & supply of dog treats increase, the effect on change in price & quantity will depend on their relative magnitude
- If increase in demand = Increase in Supply : Both the curves shift equivalently rightwards. At new equilibrium - there is no change in price, as demand increase is fulfilled by supply increase. The equilibrium quantity increases
- If increase in demand > Increase in Supply : Demand curve shifts more rightwards than supply curve. This creates excess demand & competition among buyers increase the new equilibrium price. The equilibrium quantity also increases.
- If increase in demand < Increase in Supply : Supply curve shifts more rightwards than demand curve. This creates excess supply & competition among sellers reduce the new equilibrium price. The new equilibrium quantity increases.
1) Road
accident officials may visit the claimant in person, to confirm the
authenticity of the claim.
<span>2) The
RAF should reinstate their existing system (the fault-based compensation
system) with a new system proposed in the high court, called the Road Accident
Fund Benefit Scheme (RABS) – a no fault benefit system – that will pardon the
affected driver from civil liability.</span>
<span>3) Certify
that there is slight intermediary intervention as possible. For instance, lessen
the amount that lawyers take as a cut from pay-out.</span>
<span>4) Utilize more efficient employees, who can make
certain that the administrative side of the RAF runs as reasonably and smoothly
as possible, with as little deceitful behavior and corruption as possible. </span>
<span> </span>
Answer:
The correct answer is B
Explanation:
Utilitarian approach or method is the approach which assesses or analyze the actions in terms of the outcomes or results, that is the net costs and the benefits to all the stakeholders on individual level.
This approach aspire or attempt to accomplish the greatest good for the numbers when creating the least amount for preventing the suffering of the greatest amount.
So, the shop uses or practice the approach of utilitarian as it will provide them the extra one million dollar to put it in the marketing.
The answer to the question is competition.
It seems that George is set up by his company to become a competition to the customers’ of the company. This is because George is told to develop a new smart phone application so that his company will have a unique competitive advantage from the other firms. This would lead to his company’s better performance in the future.
Answer:
The Net Income is $4416.1
Explanation:
The net income is calculated as follows,
Sales $46967
Less:Cost of sales <u> (17184)</u>
Gross Profit 29783
<u>Less:Expenses</u>
Selling & Admin exp (12051)
Depreciation exp (6850)
Interest exp <u> (4088) </u>
Net income before ta 6794
tax expense <u>(2377.9)</u>
Net Income <u>4416.1</u>
