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Which event might cause people to buy more of a product?
A lowered price. A surplus might cause people to buy more of a product
How does the marginal product of labor change as more pepople are hird?
As more people are hired, the marginal product of labor decreases because eventually having more and more employees will not make the company more productive.
What does it mean the demand for a product is inelastic?
When the demand for a product is inelastic, the product has no close substitutes and can't be easily replaced. Therefore, when the price of the product raises, people buy roughly the same amount of the product because they need it too much. This is in comparison to an elastic demand, where people will buy less of a product when it becomes more expensive.
What effect does scarcity have on the price of a product if demand stays the same?
The scarcer the product, the higher the price.
Culture and individual personality shape human needs into wants What transforms wants into demand?
First of all, culture and individual personality alone does not shape human needs into wants there are also many other factors for it. In a capitalist economy, there is more competition between the companies to earn profit and so they make their products to attract more and more consumers for their product and certainly people will stick to their product or an particular brand of the product. And this certainly makes the people addict to the product and becomes essential for their lifestyle in the world. Now at this time, the need for that particular product or an any commodity which is essential for one's life becomes a needy thing for him and in this case it becomes as a demand in the market. This is how the wants transforms into demand.
Which event might cause people to buy more of a product?
A lowered price. A surplus might cause people to buy more of a product
What product makes food production more efficient?
The plow is one such product.
What is the role of entertainment in media?
Many media products including info-graphics, videos, and designs, are attempting to sell or advertise a product or event. Most people will pay more attention to something that is funny, or evokes a certain emotion, this means more attention on the product.
How has china's economy managed to grow so much in the last 2 decades?
The population makes the jobs more cheap and have to make workers get less money the more that happens, the more people. The more people, the more products, the more product, money. And the more money power
How does the marginal product of labor change as more people are hired?
As more people are hired, the marginal product of labor decreases because eventually having more and more employees will not make the company more productive.
How does advertising affect the sell of a product?
Advertising increases product sales. When more people see advertisements, more people are inclined to try the product and become loyal to the brand.
What event makes the hypothalamus sense that body cells need more energy?
reproduction
What does it mean when an event keeps occurring?
If an event keeps on occurring that means the event is at least annual. If it occurs more than once a year that makes the event perennial or biannual if it only occurs twice.
Why can Window Computers get viruses but Macs can't?
Apple products can get viruses. Way more people over the world use Windows and are more familiar with it than they are with an Apple product. That makes Windows the main target.
Who came 55th in his event in the Calgary winter Olympics in 1988?
Many people came in 55th place in their event. Be more specific about the event.
Why is apple product more expensive in china?
i think because china builds and makes everything
Is product functionality or product design more important in determining product success in the automobile industry?
As a car salesman for 12 years I would say design it what gets them in the door to look at the car.And people believe it or not they care what other people think and driving a nice looking car will sell. Functionality is important but design is more important I think. From years of selling and learning about what makes different auto makers succeed.
