Question: 3. In the text box below, please write your answer to the following question: the electric washing Imachine was invented about 120 years ago.

3. In the text box below, please write your answer to the following question: the electric washing Imachine was invented about 120 years ago. In less than 30 years, annual sales in the United States had grown to almost one million units per year. Why do you think that more and more individuals bought a washing machine? Please think this over and give ONE reason with a brief explanation of why more individuals might buy washing machines between 1900 and 1928? Hint: do NOT use marginal utility theory. Marginal Utility theory works best for explaining why each individual buys more and more of a product as the price goes down. In general, individuals only buy one washing machine. So the question is why MORE individuals were buying electric washing machines. HTML Editora

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

The primary reason more individuals were buying electric washing machines between 190... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

The number of earthquakes per day in the world has a Poisson distribution with parameter = 55. Suppose that the random variable X is the number of earthquakes occurring in one day in the world. Let...

Akiko Nishimura is upset and exhausted. She prepares a fresh juice and wants to relax a bit. It is three o'clock in the afternoon and she has just come back to her apartment, situated in a suburb of...

The Weld, Bergevin, and Magrath article points out that if a company is going to intentionally manipulate earnings, they must be astute enough to present financial statements that still seem...

Question 2 (2+3=5 marks) In terms of current Australian Accounting Standards what does the term 'material' mean and why is it important? Please write your answer in the grey text box provided below....

Delta Airlines operates almost half of its aircraft fleet under operating leases, whilst Singapore Airlines operates no aircraft under operating leases. Suppose an analyst wants to make Delta?s...

Paragraph One & Two: Prior to the financial recession in the late 2000s, some companies had built up significant cash balances. By 2010, discussions began about whether "cash hoarding" by firms was...

Hi tutors, can anyone help me work on the below assignment thanks. Paragraph One & Two: Prior to the financial recession in the late 2000s, some companies had built up significant cash balances. By...

19 Name: ____________________________________ 1. Your friend has a credit card with an APR of 49.9% ! What would his finance charge be on a $500 charge for just 1 month? 2. Your friend has 2 credit...

ATTENTION BEFORE TAKING THE QUESTION READ!! This is the second time I am posting this question ; I initially posted and I got my refund back from course hero because not good and correct work was...

What is the purpose of computing the equivalent taxable yield of a municipal bond?

Traffic congestion seems to worsen each year. This raises the question, how much does roadway congestion cost the United States annually. The Federal Highway Administrations Highway Performance...

For years, many people thought plastic wrap was almost impossible to use and refused to buy the product. The manufacturer of Saran plastic wrap has spent many advertising dollars advising customers...

Prepare a business plan for a new facility, service line, other healthcare or human service business. Write a business plan that focuses on the financial needs of the new business (free standing...

A project using passive heating/cooling design con- cepts to reduce energy costs requires an investment of $125,000 in equipment (straight-line deprecia- tion with a 10-year depreciable life and $0...

Silk Road Ltd (SRL) owns a wellknown chain of clothing and gift shops on the East Coast of Australia. The company has traditionally purchased items from East, South and Central Asia and sold them to...

Using the data provided, prepare the 2016 statement of cash flow using both the direct and indirect formats for operating cash flows. Timeless Company Statements of Financial Position (In thousands)...

The success or failure of bargaining and negotiation depends on a number of factors, including the strategies and tactics employed by the parties involved and situational/environmental factors. This...

Can we put that she will be making weekly payroll deductions inthe amount of $52.75 to the housing equalling $211.00 monthly

You are a new supply chain manager for a large multinational food products company. Your company insists that all of the fruit and nut products it sells are organic. The cashews your company sells...

You work for a company that develops wind energy projects. You are proud to work in the industry because you believe that it contributes to solving the problems of air pollution and climate change....

You have worked together with three other stock brokers in the same company for the past 12 years. The four of you are the best of friends, with strong personal ties going back 30 years; you grew up...

13. Which part of the pituitaryanterior or posterioris neural tissue, similar to the hypothalamuspg78 Which part is glandular tissue and produces hormones that control the secretions by other...

15. What happens to acetylcholine molecules after they stimulate a postsynaptic receptorpg78

16. What happens to serotonin and catecholamine molecules after they stimulate a postsynaptic receptorpg78