The price elasticity of demand measures the ________ that results from a ________.
The price elasticity of demand refers to the percentile change in quantity requested as a consequence of a price change.
The price elasticity is a metric that measures how sensitive a product's quantity sought is to price changes. When all other factors of demand are maintained constant, it is the proportion change in quantity sought in proportion to a single change in its price.
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Lance lopes went to his bank to find out how long it will take for $1,500 to amount to $2,700 at 15% simple interest. can you solve lance's problem? (round time in years to the nearest tenth.)
Answer:
here u go
Explanation:
T=1,200/(1,500)(.15)
T=1,200/225
T=5.3 years
It would take Lance 5.3 years
A consumer chooses an optimal consumption point where the
a. slope of the indifference curve exceeds the slope of the budget constraint by the greatest amount.
b. ratio of the marginal utilities equals the ratio of the prices.
c. marginal rate of substitution is maximized.
d. all of the above are correct.
The correct answer is c. marginal rate of substitution is maximized.
When a consumer chooses an optimal consumption point, they aim to maximize their satisfaction or utility by making trade-offs based on the relative prices of goods.
Explanation:The correct answer is c. marginal rate of substitution is maximized. When a consumer chooses an optimal consumption point, they aim to maximize their satisfaction or utility. This occurs where the marginal rate of substitution (MRS), which represents the rate at which a consumer is willing to trade one good for another, is equal to the ratio of the prices of the two goods. At this point, the consumer is maximizing their satisfaction within the constraints of their budget.
For example, if a consumer has a strong preference for laptops over smartphones and laptops are relatively more expensive than smartphones, the consumer would be willing to give up more laptops to obtain one smartphone. When the consumer reaches a point where the MRS equals the price ratio, they have reached their optimal consumption point.
Keywords: optimal consumption point, indifference curve, budget constraint, marginal rate of substitution, utility, MRS, prices, satisfaction, budget
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Based on the real interest rate, who tends to benefit from unanticipated inflation in terms of borrowing and lending?
Generally, transaction structures on a structure chart will have
A non-linear production possibilities model assumes that
Answer: See explanation
Explanation: A non-linear production possibilities model assumes that with rational resource allocation decisions, the opportunity cost of producing more will rise. That is, some resources are specialized to be more productive in one use than in another. It is represented with a negatively sloped line because production of different types of products will compete for limited resources. It also illustrates the variations in the amounts that can be produced of two products if both products depend upon the same finite resource for their manufacture.
You just watched a commercial in which a popular singer picks up a soda before going on stage. When the singer drinks the soda, he appears to feel more confident. He then looks at the screen and says, "This is the soda I need to make me feel like a star!" What technique has the advertising company used to persuade you to buy the soda?
A. Bandwagon
B. Plain Folks
C. Science Evidence
D. Testimonials
The answer is "D. Testimonials".
In promotion and of publicizing, a testimonial or show comprises of a man's composed or talked explanation lauding the goodness of an item. The term "testimonial" most regularly applies to the attempts to close the deal credited to common nationals, while "endorsement" more often than not holds a candle to the current situation to pitches by famous people. Testimonials can be a piece of mutual advertising. Once in a while, the animation character can be a testimonial in a business.
Which type of financial statement should you look at if you want to see a company's profits and losses over a specific period of time?
A.
Income statement
B.
Balance sheet
C.
Statement of owners' equity
D.
Cash flow statement
Answer:
A.Income statement
Explanation:
The income statement of a institution or business that shows the expenses, costs and the incomes during a certain period of time, it is often done quarterly or annually in order to present the tax declaration, it is also known as "profits and loss statement" because it shows exactly if the business had profits or lost money during that period of time.
When shopping for their brother, jack and james are presented with a red shirt by the sales person. while jack likes the shirt, james dislikes the shirt. in this scenario, even though the color of the shirt is the same, jack and james disagree because of differences in their _____ of the shirt?
The correct answer is preference. At any given time, different people will have different likings and affections towards a certain product. This is influenced by many factors such as personal taste and previous experience with the same or related product. This results to difference in alternatives when it comes to selections of goods and services from the customers’ point of view
Jack and James have different preferences for the red shirt because preferences are subjective and based on individual perception and judgment.
In the scenario where Jack and James are presented with a red shirt by a salesperson, and Jack likes the shirt while James dislikes it, they are showing that they have different preferences towards the shirt. These differences in perception result from a combination of factors like age, experiences, biases, cultural norms, and psychological factors that influence individual taste and subjective judgement. Each person interprets sensory information in their own unique way, which leads to varied preferential choices or dislikes.
Exports unlimited is an unlevered firm with an aftertax net income of $52,300. the unlevered cost of capital is 14.1 percent and the tax rate is 36 percent. what is the value of this firm?
Which of the following reasons does not contribute to a higher level of unemployment?
a)
a lack of labor mobility as people choose to remain in their hometown
b)
a reduction in union bargaining activities
c)
a reduction in economic activity due to a recession
d)
the existence of efficiency wages
An outbreak of civil war within a country is an example of political risk
Todd silver is the purchasing agent for moore co. one of his suppliers, gem co. offers todd a free vacation to france if he buys at least 75% of moore's supplies from gem co. todd, who was angry because moore co. has not given him a raise in over a year, is considering the offer. post your recommendation to todd and comment on at least one of your classmates' posts.
A public policy underlying the imposition of strict product liability is that consumers should be protected against unsafe products.
a. True
b. False
____ focuses on using information about customers to create marketing strategies that develop and sustain desirable customer relationships
According to the question, Customer relationship management focuses on using information about customers to create marketing strategies that develop and sustain desirable customer relationships.
Customer relationship management (CRM) is a set of practises, strategies, and technology that businesses employ to manage and analyse customer interactions and data across the customer lifecycle.
The goal is to improve customer service relationships and assist in customer retention and drive sales growth.
CRM systems may also provide extensive information on consumers' personal information, purchase history, purchasing preferences, and issues to customer-facing staff members.
Therefore, customer relationship management is concerned with using information about customers to build and preserve good customer relationships.
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What values does FCCLA emphasize? Check all that apply.
family
physical fitness
leadership
health care
FCCLA emphasizes family and leadership. Thus option A and C is correct.
What is FCCLA?The nonprofit organization Family, Career and Community Leaders of America serves young people studying family including consumer economics in both public as well as private schools.
By taking part in important tournaments, holding senior roles, symposiums across the country, connecting with other young people in leadership positions, and developing crucial college- and employer skills, FCCLA members will develop their skills, forge social connections, and positively have an impact today.
Develop practical skills that will enable you to succeed in both college and the workplace. Investigate the numerous career paths available in the family and marketing sciences. Therefore, option A and C is the correct option.
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What is the full name of the US central bank, known as the Fed?
the Federal Reserve Bank
the Federal Deposit Insurance Corporation
the Federal Financial Institution
the Federal Bank
ANSWER: A
You plan to go to school this summer. if you do, you won't be able to take your usual summer job that pays $10 comma 000 for the summer. the cost of tuition is $2 comma 000 and textbooks cost $300. you live with your family, which covers your living expenses of $1 comma 900. what is your opportunity cost of going to school this summer? your opportunity cost of going to summer school is $ nothing.
Stacy has lost 10 of the 20 pounds she intended to lose. she has promised herself that if she loses another ten pounds, she will buy the pair of designer jeans she has wanted for over a year. according to the stages of change model, stacy is at the _____ stage.
Stacy is in the Action Stage of the stages of change model, actively working towards her weight loss goal and ready to reward herself after achieving it.
According to the stages of change model, Stacy is at the actionable or Action Stage. People in the action stage believe they can change and are actively changing their behaviors. Stacy has not only recognized that she wants to lose weight but has already lost 10 pounds and is determined to lose another 10 pounds. She has set a clear goal for herself and has promised to reward herself with a pair of designer jeans once she reaches her target. This indicates that she is past the Contemplation Stage, where individuals are intending to start the behavior change in the foreseeable future, and is now in the stage where the actual behavior change is occurring.
A deleted file or folder is not permanently deleted from a computer until which event occurs? The computer is restarted. The Recycle Bin or Trash is emptied. The person who deleted it logs off. The Event Viewer is cleared.
A deleted file or folder isn't permanently removed until the Recycle Bin or Trash is emptied, not after restarting the computer or logging off. Clearing the Event Viewer doesn't result in permanent deletion either.
Explanation:A deleted file or folder is not permanently deleted from a computer until the Recycle Bin or Trash is emptied. When you delete a file or folder, the item goes into the Recycle Bin or Trash (depending on your operating system), and it resides there until you choose to permanently delete it by emptying the Bin or Trash. Restarting the computer or logging off does not result in the permanent deletion of files or folders. Similarly, clearing the Event Viewer does not delete any files or folders.
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Horace is reviewing a document that shows the results of his firm's operations over a period of one year. horace is looking at the:
Veronica walked into cvs with a headache, and she knew she needed quick pain relief. in the past, she used advil, an ibuprofen product. although there are several other brands containing ibuprofen, she decides to purchase advil because it worked for her in the past. what kind of decision-making process did she most likely use when choosing her pain relief?
Every ____________ the u.s. government surveys ______________ of households to gather information about the number of americans unemployed.month; millions wk; millions week; thousands month; thousands
The U.S. Government conducts monthly surveys of thousands of households to gather information about unemployment rates. These surveys, along with the decennial Census and other such surveys, provide critical data for planning and decision making.
Explanation:The U.S. Government conducts various surveys to monitor economic conditions and to collect sociological data. One of the key surveys undertaken is conducted each month, where the government surveys thousands of households to gather information about the number of Americans unemployed. This data helps to create a picture of employment trends and job market conditions across the nation.
Additionally, every ten years, the U.S. Census Bureau conducts a large-scale survey - the Census, aimed to gather demographical data of the population. These surveys, along with others, such as the five-year business census and the monthly retail sales survey, provide essential information in planning and decision making at various levels of government and industry.
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A bond is a ________ instrument by which a borrower of funds agrees to pay back the funds with interest on specific dates in the future.
After focusing for so long on total quality management, mobley industries found that while their product defects decreased by 18%, their product costs increased by 42%. what can they do to bring down their costs?
Mobley Industries can do the following to bring down their cost:
1. Implementation of an Enterprise Resource Planning (ERP) system
2. They can focus on corporate social responsibility
3. Implementation of a balanced scorecard approach
4. Use an activity-based costing
When mobley industries introduced total quality management, they saw that their defects decreased but their product cost increased.
There are different approaches that can help them to reduce the cost of production.
The first one is by introducing lean production method, this will eliminate wastage and lower product cost
mobley industries can also lower the inventory levels and reduce the cost of storing the product, these methods will reduce cost whilst maintaining quality.
Mcdonald's must communicate an effective message to meet the challenge of its __________. government partners legal requirements competitors finances
When deciding whether to offer a loan, a lending institution would look more favorably upon a borrower who
a has a high debt-to-credit ratio
b consistently lives outside his or her means
c has a relatively low credit score
d has no history of late bill payments
The price of coffee rose sharply last month, while the quantity sold remained the same. five people suggest various explanations:
Regarding the economy, what are the terms expand and contract generally used to describe?
a.changes in monetary and fiscal policy
b. rising and falling levels of budget deficits and debt
c. fluctuations in economy
d. changes in tax revenue
The answer is: C.Fluctuations in the economy
Each countries would experience different periods when they are economically productive and when they aren't.
During productive period, the country is experiencing economic expansion (which is marked by an increase in infrastructure and standard of living). During non-productive period, the country is experiencing economic contraction (which is marked by high unemployment and lower standard of living). The terms 'fluctuations' define the changes between one economic condition to another.
Which region is most likely to export bananas to the United States?
Guatemala - 3,348.75 Million Pounds
EXPLANATION:The US itself just creates 0.008 million metric huge amounts of bananas every year, and vigorously depends on bananas from different nations to help meet its requests for the natural product. These nations whereupon the United States depends are sketched out underneath.
10. Dominican Republic - 9.22 Million Pounds
9. Panama - 50.65 Million Pounds
8. Peru - 61.65 Million Pounds
7. Nicaragua - 87.88 Million Pounds
6. Mexico - 489.25 Million Pounds
5. Colombia - 912.04 Million Pounds
4. Honduras - 1,188.93 Million Pounds
3. Costa Rica - 1,824.69 Million Pounds
2. Ecuador - 1,730.32 Million Pounds I
1. Guatemala - 3,348.75 Million Pounds