1. products that can be used in place of one another 2. a principle illustrating that consumers demand different amounts at every price, causing the demand curve to shift to the left or the right 3. additional satisfaction or usefulness as more units of a product are acquired 4. the desire, ability, and willingness to buy a product 5. a given change in price causes a proportional change in quantity demanded 6. product that increases the use of another product

Norton manufacturing expects to produce 2,900 units in january and 3,600 units in february. norton budgets $20 per unit for direct materials. indirect materials are insignificant and not considered for budgeting purposes. the balance in the raw materials inventory account (all direct materials) on january 1 is $38,650. norton desires the ending balance in raw materials inventory to be 10% of the next month's direct materials needed for production. desired ending balance for february is $51,100. what is the cost of budgeted purchases of direct materials needed for january? $58,000 $65,200 $26,550 $25,150

Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false

True or flase? a. new technological developments can us adapt to depleting sources of natural resources. b. research and development funds from the government to private industry never pay off for the country as a whole; they only increase the profits of rich corporations. c. in order for fledgling industries in poor nations to thrive, they must receive protection from foreign trade. d. countries with few natural resources will always be poor. e. as long as real gdp (gross domestic product) grows at a slower rate than the population, per capita real gdp increases.