Answer:
a) Perfect substitution
Explanation:
When two good or services can satisfy the same purpose, and their prices are closely matched then they are called perfect substitutes. Example.
Answer:
A) Perfect substitutes
Explanation:
In business, perfect substitutes are products that are identical to each other, with similar characteristics, utility and price. They usually refer to certain commodities, specially agricultural products, e.g. corn. But the concept only refers to the products being on their primary state, for example once corn is processed into cooking oil, you can recognize the different brands like Mazola or Crisco.
Perfect substitutes shouldn't be branded or at least its purchase should not be influenced by its brand. In real life, perfect substitutes only apply to raw materials or primary goods, but as a concept it is used to explain how markets should theoretically work. E.g. perfect substitutes should all be price takers, identical and customers should not be able to distinguish between them.
According to the austrian view of the business cycle, if expansionary monetary policy pushes the interest rate to an artificially low level, the result will be
Answer:
Mal investment and an unsustainable economic boom followed by recession
Explanation:
According to the austrian view of the business cycle, if expansionary monetary policy pushes the interest rate to an artificially low level, the result will be MAL INVESTMENT AND AN UNSUSTAINABLE ECONOMIC BOOM FOLLOWED BY RECESSION
Notification by the bank that a deposited customer check was returned NSF requires that the company make the following adjusting entry:
a. Accounts Receivable.
Cash.
b. No adjusting entry is necessary.
c. Cash.
Accounts Receivable.
d. Miscellaneous Expense.
Accounts Receivable.
Final answer:
The correct adjusting entry for an NSF check notification is to debit Accounts Receivable and credit Cash. This reflects that the cash is now an outstanding customer debt. Deposits to a bank create liabilities for the bank, while issued loans become assets.
Explanation:
When a bank notifies a company that a deposited check was returned due to non-sufficient funds (NSF), the company must make an adjustment to its accounting records. The correct adjusting entry requires the company to debit Accounts Receivable and credit Cash, reflecting that the expected cash is not available, and instead, the amount is now owed by the customer again. This is an example of a company managing its accounts receivable following an NSF check notification.
With reference to the provided scenarios around bank deposits and loans, banks view deposits as liabilities because they must be repaid to customers upon request. Similarly, when banks issue loans, like the one Singleton Bank provides to Hank's Auto Supply, it’s recorded as an asset, anticipating interest income later on. First National, upon receiving Hank's deposit, increases its reserves by the same amount and holds a fraction (10%) as required reserves while being free to loan out the rest.
A person is asked if he has traveled abroad in the last six months. He replies that he has not. The interviewer thanks him and decides not to include him in her study. Which of the following supplemental documents might have indicated to the interviewer to exclude him from the study?
A. Rating cards,
B. Screening question forms,
C. Interviewer instructions,
D. Quota sheets,
E. Supervisor instructions
Answer:
correct option is B. Screening question forms,
Explanation:
In most cases, this is a screening form that excludes the interviewer from the interviewer screen based on a specific selection criteria. However, it is a mix of supervisor instructions that can set up screening questions.
so correct option is B. Screening question forms,
Strength and Fitness Gym provides its clients with personal training sessions, small group exercise classes, fitness machines and weights to use, and a separate kids' gym with day care specialists, so members can bring their children to the gym with them. These items are most closely associated with the ________ aspect of the marketing mix.
Answer:
product
Explanation:
The product aspect of the marketing mix strategy refers to the decision of the company about the products and services, including types, quality, branding... As it can be seen, the training sessions, exercise classes or machines, weights... that the Gym provides its clients are the main products and services of the business that the clients go to the Gym to look for.
With regards to performance appraisal dimensions and standards, _________ are the goals of meeting product specification standards. activity plans sustainability measures differential measures input measures output measures
Answer:
OUTPUT MEASURES
Explanation:
Simply put, production calculation relates to the metric that determines what has been generated (e.g., quantity of gadgets made or quantity of hot dogs ended up serving) or the facilities you rendered (e.g., number of customers). Production assessments do not discuss the job's importance or effect to the explicit or implicit stakeholders. An instance indicator of the production is velocity.
A common rule is that housing plus other debt should not be more than 36% of your monthly income. Your monthly income is $4300 and you have student loan payments of $312 per month. How much can you spend on housing?
Answer:
Amount to be spent on housing = $1,236
Explanation:
The amount that can be spent on housing
let y represent the amount to be spent on housing
36% =( 312 + y)/4300
cross multiplying
1548 = 312 + y
1548- 312 = y
1,236 = y
Amount to be spent on housing = $1,236
Answer:
The amount that can be spent on housing is $1,236 as shown below
Explanation:
Going strictly by the rule that cost of housing and other debt combined together should not be more than 36% of monthly income,the amount that can be spent on housing is 36% of monthly income less student loan payment of $312.
36% of monthly income(36%*$4300) $1,548
deduct student loan payment ($312)
Housing cost $1,236
All in all, the sum of $1,236 can be spent on housing,this means that one has to search for a decent accommodation whose monthly cost is the region of the amount budgeted.
Angela believes that Beamer Corporation’s stock will drop in value. She borrows 150 shares from a brokerage firm when the stock was selling at $42 per share. When the stock’s price dropped to $27 per share, she told the brokerage firm to buy 150 shares of Beamer stock. This stock was returned to the brokerage firm in replace of the stock she first borrowed. What is Angela’s profit on her short selling investment?
Given:
Total number of shares = 150
Selling price = $42
Purchase price = $27
Find:
Angela’s profit on investment = ?
Computation of Angela’s profit on investment:
Angela’s profit on investment = Total sales value - Total purchase value
Angela’s profit on investment = (150 x $42) - (150 x $27)
Angela’s profit on investment = $6,300 - $4,050
Angela’s profit on investment = $2,250
Therefore, Angela’s profit on the selling of investment is $2,250.
Angela made a profit of $2,250 by short selling 150 shares of Beamer Corporation's stock, buying them back when the price dropped and returning them to the brokerage.
Angela engaged in an investment strategy known as short selling with Beamer Corporation's stock. Initially, Angela borrowed 150 shares and sold them at the market price of $42 per share. Later, when the price dropped to $27 per share, she repurchased the same quantity of shares to return to the brokerage. To calculate Angela's profit from this short selling investment, we consider:
The total amount received from the initial sale: 150 shares imes $42 per share = $6,300
The total cost to repurchase the shares: 150 shares imes $27 per share = $4,050
Angela's profit is the difference between the amount received and the amount spent on repurchase:
$6,300 (amount received) - $4,050 (amount spent on repurchase) = $2,250 (profit)
Therefore, Angela's profit on her short selling investment is $2,250.
At April 30, Yaddof Company has the following bank information: cash balance per book $4,600; outstanding checks $780; deposits in transit $550; credit memo for interest $100; bank service charge $20. What is Yaddof's adjusted cash balance on April 30?
Answer:
$4,370
Explanation:
As this is the cash balance and the adjustment is on the same day, so that the transaction would adjust Yaddof Company included only outstanding check and deposit in transit.
In this case, the adjusted cash balance on April 30 of Yaddof Company can be calculated as:
Adjusted Cash Balance = Cash balance - Outstanding check + deposits in transit = 4,600 - 780 + 550 = $4,370
Conclusion: The adjusted cash balance is $4,370
A global defense contractor needs deep functional skills as well as the ability to coordinate across the functions of each contract or project. For this example, the organizational structure that would best suit their needs would be a matrix structure. True/ False?
Answer:
True
Explanation:
Synergy is the concept that two businesses operating within a company will generate more profits together than they could separately by common use of technology, customers, distribution, managerial skills, or product similarity.
Answer:
True
Explanation: A matrix structure is a type of structure that strategically combines two or more structural system. It appears as a grid. In a matrix structure individuals works across departments and functions in combination to their own departmental roles and responsibilities. With a matrix structure the personnel is expected to be made of different skills set, Most organisations have succeeded in adopting the matrix structure system which gives their personnel the opportunity to work in multiple functions.
Capital budgeting is the process of:
a. keeping track of all the revenues and expenses incurred by a firm during the year.
b. determining how much capital a firm should raise.
c. determining how much debt a firm should budget for in its capital structure.
d. determining which capital investments a firm should make.
Answer:
d. determining which capital investments a firm should make.
Explanation:
Capital Budgets are prepared to determined which capital investments a firm should make. This takes into account the projected cash flows and discounting them with the firm`s cost of capital to determine the net present value of a capital project.
Answer:
determining which capital investments a firm should make.
Explanation:
Budgeting is the process by which an individual or a business plan future spending on the various projects they want to accomplish.
Budgeting helps with proper planning and avoids waste.
Capital budgeting is the process of ascertaining if spending on long term investment like new products, research and development, new machinery, and so on is worth it and relevant for the company.
Section 404 of the Sarbanes-Oxley Act requires:
A. The establishment of procedures to accept employee complaints.
B. Code of ethics requirements for senior officers.
C. A report of the company's internal control over financial reporting.
D. The principle executive to certify that they have reviewed the financial statements
Answer:
C) A report of the company's internal control over financial reporting.
Explanation:
The Sarbanes-Oxley Act (2002) establishes auditing and financial regulations for publicly traded companies. Section 404(a) states that upper management must establish an internal control structure that oversees financial reporting. Upper management is also responsible for verifying the effectiveness of the control structure.
Mclaren Corp. incurred the following costs to acquire and prepare land during 2016 for a new parking lot: purchase price for land, $800,000; cost to clear the land, $30,000; cost of paving, $40,000; and lighting for the parking lot, $20,000. How much should Mclaren Corp. record in the Land Improvements account?
Answer:
800000 I OP if too u
Explanation:
because
*BLANK* bias indicates the tendency of an individual to attribute his or her own successes to internal factors while putting the blame for failures on external factors. A. Contrast bias B. Self-serving C. Distinction D. Congruence E. Anchoring
Answer:
B- Self-serving
Explanation:
just took it
Horatio inc. has three divisions which are operated as profit centers. actual operating data for the divisions listed alphabetically are as follows. (a) compute the missing amounts. operating data women's shoes men's shoes children's shoes contribution margin $337,500 $ (3) $225,000 controllable fixed costs 125,000 (4) (5) controllable margin (1) 112,500 118,750 sales 750,000 562,500 (6) variable costs (2) 400,000 312,500
Answer:
HORATIO INC.
DIVISIONAL PERFORMANCE STATEMENT
Women's shoes Men's shoe Children's shoe
Sales $750,000 $562,500 (6)$537,500
less: Variable Cost (2) 412,500 400,000 312,500
Contribution margin 337,500 (3) 162,500 225,000
Controllable fixed cost 125,000 (4) 50,000 (5) 106,250
Controllable margin (1) 212,500 112,500 118,750
Workings
1. controllable margin = contribution margin - controllable fixed cost
= 337,500 - 125,000 = 212,500
2. contribution margin = sales - varable cost
337,500 = 750,000 - variable cost
variable cost = 750,000 - 337,500 = 412,500
3. contibution margin = 562,500 - 400,000 = 162,500
4. controllable fixed cost = contribution margin - controllable margin
= 162,500 - 112,500 = 50,000
5. controllable fixed cost = 225,000 - 118750 = 106,250
6. sales = contribution margin + variable cost
= 312,500 + 225,000 = 537,500
Explanation:
Actual operating data for the divisions listed alphabetically are Women's Shoes: - Controllable Margin: $212,500 (1) - Variable Costs: $412,500 (2) Men's Shoes: - Contribution Margin: $162,500 (3) - Controllable Fixed Costs: $50,000 (4) - Children's Shoes: - Controllable Fixed Costs: $106,250 (5) - Sales: $537,500 (6)
To compute the missing amounts for Horatio Inc.'s divisions, we use the following formulas:
1. **Contribution Margin** = Sales - Variable Costs
2. **Controllable Margin** = Contribution Margin - Controllable Fixed Costs
Given data:
- Women's Shoes:
- Contribution Margin: $337,500
- Controllable Fixed Costs: $125,000
- Controllable Margin: (1)
- Sales: $750,000
- Variable Costs: (2)
- Men's Shoes:
- Contribution Margin: (3)
- Controllable Fixed Costs: (4)
- Controllable Margin: $112,500
- Sales: $562,500
- Variable Costs: $400,000
- Children's Shoes:
- Contribution Margin: $225,000
- Controllable Fixed Costs: (5)
- Controllable Margin: $118,750
- Sales: (6)
- Variable Costs: $312,500
Let's compute the missing amounts:
Women's Shoes
1. **Controllable Margin**: \( 337,500 - 125,000 = 212,500 \) (1)
2. **Variable Costs**: \( 750,000 - 337,500 = 412,500 \) (2)
Men's Shoes
1. **Contribution Margin**: \( 562,500 - 400,000 = 162,500 \) (3)
2. **Controllable Fixed Costs**: \( 162,500 - 112,500 = 50,000 \) (4)
Children's Shoes
1. **Sales**: \( 225,000 + 312,500 = 537,500 \) (6)
2. **Controllable Fixed Costs**: \( 225,000 - 118,750 = 106,250 \) (5)
Dobson Construction has an investment project that would cost $150,000 today and yield a one-time payoff of $167,000 in three years. Among the following interest rates, which is the highest one at which Dobson would find this project profitable?a. 7%
b. 6%
c.5%
d. 4%
Answer:
Dobson will be profitable at an interest rate ≤ 4% hence the closest answer is ( D ) Note : the investment can be profitable when the (Pv) is greater than the cost of investment
Explanation:
cost of investment project = $150000
yield time = 3 years
yield value = $167000
at what interest rate will this be profitable for Dobson construction APPLYING this equation
Pv = fv * ( 1 + i ) ^ (-n)
fv = project yield
i = interest rate
n = time ( number of years ) = 3
Pv = present value
considering all given interest rates
for i = 7% = 0.07
Pv = 167000 * ( 1.07 )^( - 3 )
Pv = 167000 * 0.8163 = $136322
for i = 6% = 0.06
Pv = 167000 * ( 1.06 )^(-3)
Pv = 167000 * 0.8396 = $140213
for i = 5% = 0.05
Pv = 167000 * (1.05)^(-3)
Pv = 167000 * 0.8638 = $144254
for i = 4% = 0.04
Pv = 167000 * (1.04)^(-3)
Pv = 167000 * 0.8890 = $148463
Note : the investment can be profitable when the (Pv) is greater than the cost of investment
Answer:
Correct answer to this question is none of them. But if you reduce the time period to 2 years the answer would be:
C) 5%.
Explanation:
First of all, let me explain that, when project goes profitable and when it is considered non-profitable or at loss.
The basic indicator is through PV or Present Value of yield calculation. So, here is the formula to calculate Present Value or PV:
PV = [tex]FV*(1+i)^{-n}[/tex]
where,
FV = Future Value
i = annual interest rate
n = period
So, if this PV of yield is greater than initial money that have been invested than project is predicted to be profitable. Let's calculate for all options.
At option a) i = 7% = 0.07
PV= 167,000* [tex](1+0.07)^{-3}[/tex]
PV = 136321.7454
At option b) i = 6% = 0.06
PV= 167,000* [tex](1+0.06)^{-3}[/tex]
PV = 140216. 4203
At option c) i = 5% = 0.05
PV= 167,000* [tex](1+0.05)^{-3}[/tex]
PV = 144260.879
At option d) i = 4% = 0.04
PV= 167,000* [tex](1+0.04)^{-3}[/tex]
PV = 148462.3919
Here, you can clearly see that, for three years time period, all of the options are incorrect as none of the interest rate gives the PV value greater than initial investment which is 150,000 dollars hence, at 3 years time period project will be at loss for all these options.
But if you reduce the time period to 2 your correct answer would be C) 5%.
the PV is higher at 5% and 4% the highest interest rate at the project is profitable is 5%
Perry Corporation manufactures two models of office chairs, a standard and a deluxe model. The following activity and cost information has been compiled: Product Number of Setups Number of Components Number of Direct Labor Hours Standard 12 8 255 Deluxe 28 12 245 Overhead costs $52,000 $78,000 Number of setups and number of components are identified as activity-cost drivers for overhead. Assuming an activity-based costing system is used, what is the total amount of overhead costs assigned to the standard model? Group of answer choices $45,600 $47,400 $46,800 $49,200
Answer:
$46,800
Explanation:
Total overhead costs based on traditional systems of both products are: $52,000 +$78,000 = $130,000
Assuming that Perry Corporation applies the activity-based (setups and components) costing system instead of the traditional one, the overhead cost for the standard model can be calculated as following:
+) Overhead cost of each setup (for both products) = $52,000/(12 + 28) = $1,300
+) Overhead cost of each components (for both products)
= 78,000 / (8+12) = $3,900
=> Total overhead costs using activity - based costing system is:
Total overhead costs = 1,300 x Number setups needed for standard model + 3,900 x Number of components needed for standard model
= 1,300 x 12 + 3,900 x 8
= $46,800
Selling to another company the right to make and market a product line is called _____ the line.
A. spinning off
B. branding
C. extending
D. lowering
Answer:
A. spinning off
Explanation:
Selling to another company the right to make and market a product line is called spinning off the line. The appropriate response is Option A.
What is spinning off ?A spinoff occurs when a company makes a new independent business by attempting to sell or distributing additional shares of its existing business. A spinoff is another term for a divestiture. A company creates a spinoff in the hope that it will be more valuable as an independent entity.
A spinoff is the formation of a new company from the sale or distribution of new shares of a parent company's existing business or division.
The spun-off businesses are obliged to be more valuable as separate entities than as parts of a larger corporation.
When a corporation spins off a business unit with its own management structure, it establishes it as an independent company under its own name.
Hence, Option A is an appropriate response.
To learn more about spinning off
https://brainly.com/question/17070122
#SPJ5
Multimarket competition occurs when firms: a. compete against each other in several geographic or product markets. b. sell different products to the same customer. c. have a high level of awareness of their competitors' strategic intent. d. simultaneously enter into an attack strategy.
Answer:
A. compete against each other in several geographic or product markets.
Explanation:
Different geographic or product markets often possess different challenges for producers to sell their product. This happen because different cultutres, climate, and social conditions tend to create different needs for the customers.
This is why business experts refers to it as 'multi-market competition'. Even though these companies sell similar product, they require different approach/strategies in order to win over different customers in these markets.
Example for this would be Pepsi and coca cola. They sell similar products world wide, not just in united states. Their competition require them to learn the cultures and customers characteristics from different countries as their target market.
`
Luna wanted to convince the technology department at her company to adopt a new database system. Some staff members supported the change, a few were opposed, and most were undecided. Luna realized the undecided group was her __________, so she focused most of her effort on them.
Answer:
b. target audience
Explanation:
Luna is convincing her company to make changes in the new database. Similarly, some of the staff is supporting her ideas while some are not. So, Luna decided that the undecided or open group is her target audience. It is her priority to convince them to vote for the change. She has to convince them, which is why she has focused her attention and her effort on them.
A CEO made a lot of mistakes in assessing the market and the competitive conditions and improperly redesigning the organization into numerous business units. Such errors led to significant performance declines. According to the text, this example illustrates the ________ perspective of leadership.
Answer:
B. romantic
Explanation:
Based on the scenario being described within the question it can be said that the romantic perspective of leadership. This is a view which describes a situation in which the individual leader is the sole determining factor of the organizations success or failure. Such as in this case since the company's failure rests solely on the actions of the CEO.
1. Money to Invest $1,000.00 Return 2% Gain(Loss) $20.00, What woul
be the Total? *
Answer:
Total gain = $(1000 + 20) = $1020
Total loss = $(1000 - 20) = $980
Explanation:
Amount Invested = $1,000
Gain(loss) = 2% = 0.02 × 1000 = $20
Total gain = Amount invested + gain
Total gain = $(1000 + 20) = $1020
Total loss = Amount invested - loss
Total loss = $(1000 - 20) = $980
Which of the following costs should not be included in the cost of a building?
a. Remodeling of the building prior to use
b. Purchase price
c. Closing costs (e.g., title insurance)
d. Parking lot repaving
e. Real estate broker's commission
Answer:
D. Parking lot repaving cost.
Explanation:
The cost of parking lot repaving is considered to be land improvements and it is maintained in a separate book of account from building accounts. Remodeling cost of a building, Broker commission, purchase price of a building, depreciation, etc are considered as a cost of building, these costs determine the purchase price of a building in the unit of a square foot. Land improvement cost is recorded separately from land as land improvement has a limited life. It includes all expenditure that is incurred for the improvement.
Melissa Price is a member of the sales force at Urban Fashions, a Houston-based manufacturer of women's apparel. Melissa is preparing for a first meeting with a wholesaler who is a potential customer. She is learning as much as she can about her prospect and his organization. Melissa is in the ________ step of the personal selling process.
Answer:
Pre-approach
Explanation:
In case of personal selling, the seller and prospective buyer come face to face, wherein the former tries to highlight and convey product attributes to the prospect with an objective of effecting a sale.
Under 7 step personal selling approach, pre approach refers to conducting customer research and planning goals for the presentation, which is to be be given to the prospect.
Under this approach, the salesperson fixes up a face to face meeting with the prospect in order to ascertain prospect's needs and wants. Post ascertainment of such needs, the salesperson carries out a presentation, informing the prospect about product attributes which would meet such needs.
In the given case, Melissa is preparing for her first client meeting, trying hard to learn about prospect and his organization i.e customer research. Thus, this is the pre-approach step of the personal selling process.
59. Chapter ma2pe08r, Section .11, Problem 069 (ID: 069.01.1 - MC - MANK08) College-age athletes who drop out of college to play professional sports a. are not rational decision makers. b. are well aware that their opportunity cost of attending college is very high. c. are concerned more about present circumstances than their future. d. underestimate the value of a college education.
Answer:
b. are well aware that their opportunity cost of attending college is very high.
Explanation:
Since the College-age athletes are able to play professional sports; (which is one of the things an athlete longs for in his career) without finishing college. Going back to college would seem like a waste of time to them because they have achieved a milestone even without finishing college.
Hence, they are well aware that their opportunity cost of attending college is very high.
Answer:
B) are well aware that their opportunity cost of attending college is very high.
Explanation:
Opportunity costs refer to the extra costs or benefits lost from choosing one activity or investment over another alternative.
When we are talking about college athletes, that might mean a lot of money, since staying at college means that they will not be able to play professionally. Professional sports leagues use rookie contracts which are generally "cheap" to try to discourage college students form dropping out, but still those cheap contracts have 5 zeros.
Many players are concerned about their careers being too short and others are simply eager to become rich. So many decide to drop out of college and enter the draft.
Imagine you are considering which type of career you want. which of these would be most important to your design to your decision about wether to choose this career? check all that apply.
a) tasks performed
b) work environment. including hours worked
c) pay
d) number of jobs available
e) projected industry
f) education required
A future taxable amount means taxable income will be _______ relative to pretax accounting income, whereas a future deductible amount means taxable income will be ______ relative to accounting income Multiple Choice Decreased; decreased Increased: increased Decreased; increased
Answer:
Increased, Decreased
Explanation:
The reason is that when the taxable income increase this means that the business is earning more and if the business is earning more then this means that the business is paying more in taxes which is percentage of the profit earned by the business. So taxable income will increase in future due to increase in taxable income.
The tax allowed dedutions lessens the taxable income which means its increase in future will lessen the taxable income and as a result lower taxes would be paid in the future. So taxable income will decreased as a result of increase in the tax allowed deductions.
Answer:
Increased
Decreased
Explanation:
A future taxable amount mostly arise due to temporary difference that arise when related assets or liability is recovered or settled.
The temporary difference that arise when related asset or liability is recovered could also lead to future deductible amount.
What distinguish future taxable amount and future deductible amount is that future taxable amount will increase taxable income relative to pretax accounting while future deductible amount decreases taxable income relative to pretax financial income in future periods.
If frost in Florida reduces the quantity of vegetables sold by 20 percent and increases their retail price by 30 percent, one can conclude that: Multiple Choice the supply of vegetables has shifted to the left along an elastic demand curve. the supply of vegetables has shifted to the left along an inelastic demand curve. the demand has shifted to the right along a perfectly inelastic supply curve. the demand has shifted to the right along a perfectly elastic supply curve.
Answer: The supply of vegetables has shifted to the left along an inelastic demand curve
Explanation: The quantity of vegetables sold has been reduced by 20 percent, which simply means the aggregate market supply curve has experienced a drop/decrease and that is usually indicated by a complete shift of the supply curve to the left.
Furthermore, we can determine easily if the demand is elastic or inelastic, since the question has stated the percentage change in quantity demanded as 20% and the percentage change in price as 30%.
The coefficient of elasticity is calculated as
E = %change in quantity demanded/%change in price
E = 20/30
E =0.66
Since the coefficient of elasticity is less than 1, then it means demand is inelastic.
Answer:
the supply of vegetables has shifted to the left along an inelastic demand curve.
Explanation:
We need to determine the price elasticity of demand (PED) for vegetables:
PED = % change in quantity / % change in price = 20% / 30% = 0.67
PED = 0.67, it is price inelastic
When the supply decreases, that means that the supply curve shifts to the left. This leftward shift will decrease the quantity supplied at every price level. In this case, since the PED of vegetables is inelastic, then we can assume that the leftward shift of the supply curve was along a segment of the demand curve that is inelastic.
An externality is said to exist when: individual actions are affected by external forces like the loss of U.S. jobs because of competition from abroad. individuals impose costs or benefits on others, and the market provides incentives to take these costs and benefits into account. individuals impose costs or benefits on others but have no incentive to take these costs and benefits into account. individual actions are affected by government policies (such as taxes) that are externally imposed on the market.
Answer:
Individuals impose costs or benefits on others but have no incentive to take these costs and benefits into account.
Explanation:
An externality is considered as an incentive/benefit or cost that is received or incurred by a third party. Nevertheless, they may not have control over the product or services that led to benefits or costs.
It is important to understand that Externality can be positive or negative, however, most externalities are known to be negative. Positive externalities exist only when there are benefits on both the social level and the private level. For instance, Google-map product benefits the company through profits while it helps individuals as a GPS tool.
As mentioned earlier, negative externalities are more prevalent than positive externalities, it occurs when there is a gain or benefit on the private level but a disadvantage on a social level. A typical example is pollution. While companies benefit from the products manufactured from raw materials, the waste. if disposed of inappropriately, it may pose a great threat to the environment.
Therefore, an externality is said to exist when Individuals impose costs or benefits on others but have no incentive to take these costs and benefits into account.
The political business cycle refers to the possibility that
The political business cycle refers to the government's use of fiscal policy to influence the economy in line with their political goals.
Explanation:The political business cycle refers to the possibility that the government may use fiscal policy to influence the economy in a way that aligns with their political goals. This can result in shifts in aggregate demand and aggregate supply, leading to business cycles of recession and recovery. For example, the government may choose to increase spending or reduce taxes during an election year to stimulate the economy and gain political support.
Learn more about Political business cycle here:https://brainly.com/question/34205484
#SPJ6
PureSource Pharma Inc. recently acquired BioChem Pharmaceuticals Inc. It now sells its own products along with the products originally sold by BioChem Pharmaceuticals. As a result, PureSource Pharma's sales force will also be marketing the acquired company's products. How will this horizontal integration most likely affect PureSource Pharma?
A. PureSource Pharma will lower its costs through economies of scale.
B. PureSource Pharma will diminish its economic value creation.
C. PureSource Pharma will increase its cost of distribution.
D. PureSource Pharma will reduce the size of its sales force.
Answer:
A.
Explanation:
Based on the scenario being described within the question it can be said that this will most likely affect them by allowing PureSource Pharma to lower its costs through economies of scale. Meaning that they will incur less costs for every additional unit that they generate as output. Whether it is their or another acquired company's product.