Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

Step: 1

The primary reason more individuals were buying electric washing machines between 190... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managing Business Ethics Making Ethical Decisions

Authors: Alfred A. Marcus, Timothy J. Hargrave

1st Edition

1506388590, 978-1506388595

More Books

Students also viewed these Economics questions