Suppose an oligopolistic firm assumes that its rivals will ignore a price increase but match a price cut. in this case, the firm perceives its demand curve to be:
a. kinked, being steeper above the going price than below.
b. kinked, being steeper below the going price than above.
c. linear, being less elastic at lower prices.
d. linear, being more elastic at higher prices.
The main problems of setting up a snack shop at a school
Setting up a snack shop in a school involves dealing with nutritional and health concerns, logistical hurdles such as the cost and preparation of healthy food, and infrastructural problems including rodent infestation or inadequate facilities.
The main problems of setting up a snack shop at a school are several-fold and often involve concerns about health and nutrition, logistical issues, and infrastructural challenges. Health-wise, the availability of unhealthy "junk food" options contributes to the obesity trend among school students, presenting a contradiction between nutritional education and actual offerings. Logistical problems include the high cost and limited availability of healthy food options, as well as the planning and preparation time required to serve nutritious meals. Infrastructure issues can range from poor conditions in existing school cafeterias such as rodent or pest infestation and unsafe electrical setups to the lack of devices for students to access information about healthy eating. Successfully running a snack shop also includes managing the physical space efficiently, ensuring that there are enough seats and appropriate conditions such as lighting and noise levels, and adapting to challenges such as segregating students into 'bubbles' due to health or school policies.
For the best terms on a loan or credit card, you need a credit score above 700. to achieve this, start establishing credit now. pay all of your bills on time. in addition, use only one-third of your available credit limit and pay off your revolving balance(s) each month. r.j.johnson has excellent credit. she wants to purchase a piece of equipment for her business and was offered 7% for 72 months for the $62,000 unit. what is her monthly payment by add-on method?
When a company controls all three phases of the film-industry production, distribution, and exhibition it is said to be:?
A bookstore costs $125 a day to keep open, and spends $16 for each book it sells. the store charges $22 for each book it sells. if n represents the number of books sold, which equation represents the revenue function for this bookstore?
Answer: n(22)
Revenue is referred to as sales from goods and services. It is calculated by multiplying the selling price of each unit by the total number of units sold. In the example, a bookstore that sells (n) number of books at $22 per book generates n(22) in sales revenue.
The equation which represents the revenue function for the bookstore is:R=n(22)
Answer:
Explanation:
16n + 125
What does the preamble to the Constitution envision?
Answer:
All of these. Edg 2020
Explanation:
Joey has a checking account that charges him $3 per month and gives him up to eight free checks or ATM withdrawals every month. He then has to pay $1 for every additional check that he writes or ATM withdrawal he makes for the rest of the month. If he writes 9 checks per month and uses the ATM machine 4 times per month, what does his checking account cost per year?
Joey's checking account costs him $96 per year, considering both the basic monthly charge of $36 per year and the extra charges for checks and ATM withdrawals that total $60 per year.
Explanation:The cost of Joey’s checking account per year can be calculated by analyzing the fees he incurs on a monthly basis. The flat fee is $3 per month, and he gets eight free transactions (either checks or ATM withdrawals). So, right away, that is $36 for a year (12 months times $3 per month).
Next, we note that he writes 9 checks per month and uses the ATM 4 times per month. This is a total of 13 transactions per month. Therefore, he is 5 transactions over the limit (13 total - 8 free = 5), which incur a $1 fee each. So, he pays an extra $5 each month, which amounts to $60 per year (12 months times $5 per month).
Therefore, for a full year, his checking account costs him $96 (the $36 flat fee per year plus the $60 extra transaction fee per year).
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Joey's checking account costs him $96 per year. This includes a $3 monthly fee and charges for 5 extra transactions each month.
Explanation:Joey's checking account charges him a monthly fee and for transactions beyond the free limit. With his usage pattern, we need to calculate his total yearly cost.
Monthly, Joey is charged $3 and gets 8 free transactions. He writes 9 checks and makes 4 ATM withdrawals monthly, making a total of 13 transactions. Beyond the 8 free ones, he pays for 5 additional transactions at $1 each.
Calculating monthly extra transaction costs: 5 extra transactions × $1 = $5
Total monthly cost: $3 monthly fee + $5 extra transaction costs = $8 per month
Yearly cost: $8 per month × 12 months = $96 per year
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____________ is the extent to which less powerful members of a group accept that power is distributed unequally.
Most Americans avoid the use of credit when it comes to buying big ticket items like a car or furniture for their home
A true
B false
Final answer:
The claim that most Americans avoid using credit for major purchases is false. Credit is a frequently used financial tool for major acquisitions like vehicles and furniture, facilitating essential purchases and offering the opportunity to establish a credit history.
Explanation:
The statement that most Americans avoid the use of credit when it comes to buying big ticket items like a car or furniture for their home is False. Credit is commonly used by Americans to finance large purchases such as automobiles and household items. Credit allows consumers to obtain essential goods they may not have the immediate funds for, such as transportation for work or necessary home furnishings. While caution is always advised when undertaking debt, credit can be valuable and even beneficial when managed properly. It enables people to build a credit history, which is important for future financial transactions like securing a mortgage. High interest rates on credit card debt often make it an expensive option, hence it's better to pay off credit balances quickly or go for specific loans like an auto loan, which typically have lower interest rates.
If Starbucks raises its price by 5 percent and mcdonalds experiences a 0.3 percent increase in demand fir its coffee, what is the cross-price elasticity of demand?
The cross-price elasticity of demand measures the responsiveness of the quantity demanded of one product in response to a change in the price of another related product.
Explanation:The cross-price elasticity of demand measures the responsiveness of the quantity demanded of one product in response to a change in the price of another related product. To calculate the cross-price elasticity of demand, you divide the percentage change in the quantity demanded of one product by the percentage change in the price of another product. In this case, since Starbucks raised its price by 5 percent and McDonald's experienced a 0.3 percent increase in demand for its coffee, you would calculate the cross-price elasticity as follows:
Cross-price elasticity of demand = (% change in quantity demanded of McDonald's coffee) / (% change in price of Starbucks coffee)
Cross-price elasticity of demand = (0.3% increase in demand for McDonald's coffee) / (5% increase in price of Starbucks coffee)
Cross-price elasticity of demand ≈ 0.3% / 5% = 0.06
So, the cross-price elasticity of demand in this case is approximately 0.06.
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How could biotechnology affect your privacy?
Final answer:
Biotechnology could affect privacy through the collection and potential misuse of genetic information, raising concerns over ownership of DNA and the implications of tracking personal data including biometric identifiers.
Explanation:
Biotechnology could affect your privacy in several ways. For instance, the collection and potential misuse of genetic information is of significant concern. Companies and researchers that carry out genetic testing might have access to your genetic data, which raises questions about who owns this information and how it could be used or shared.
In terms of identity and ownership, there is a debate on whether obtaining someone's genetic code without consent, potentially for profit or research, constitutes an invasion of privacy. This could lead to individuals or entities claiming ownership over parts of your DNA or personalized treatments developed from your genetic material.
Additionally, there are fears associated with technology like social media platforms and digital tools that track and collect personal data, which may now include biomeasures or genetic markers. The right to privacy becomes more complex when considering these biometric identifiers, which could be used by authorities or companies for surveillance or discriminatory practices.
Young workers are vulnerable to injuries due to lack of (Blank) . A.) Enthusiasm B.)Obedience C.)Experience D.)Commitment
The answer is experience.
name 4 scenarios that typically require that you have good credit
You can expect that an investment could gain or lose as much as 20% in a year. Your investment is $5,000. What is the lowest value you expect at the end of the year?
A.) $1,000
B.) $2,000
C.) $4,000
D.) $5,000
The lowest expected value of the investment after a potential 20% loss is calculated by subtracting the loss of $1,000 from the initial $5,000, resulting in a value of $4,000. Option C is correct .
To calculate the lowest expected value of an investment that could gain or lose as much as 20% in a year, you must first determine what a 20% loss would look like from the initial investment of $5,000. A 20% decrease of $5,000 is calculated as 20% of $5,000, which equals $1,000 (0.2 × $5,000). To find the lowest expected value, you subtract this loss from the initial investment, resulting in:
Lowest expected value = Initial investment - Loss value
Lowest expected value = $5,000 - $1,000
Lowest expected value = $4,000
Therefore, the lowest value you expect at the end of the year would be $4,000, which makes option C the correct answer.
Trueview video ads can be especially effective for driving what goals?
TrueView video ads can be effective for driving consideration and action goals. The TrueView is a video ad format that provides the watcher choices; the most common option is the capability to skip the ads when five seconds is already completed.
James purchased five bonds of face value of $1,000 that paid 5 percent annual interest rate. the total annual interest income of james for each year is _____.
Suppose a monopolist is producing where the marginal cost curve intersects the demand curve. the monopolist
a. is maximizing profits.
b. can increase profits by selling more units at a higher price.
c. can increase profits by selling fewer units since marginal cost is greater than marginal revenue.
d. can increase profits by selling more units since marginal cost is less than marginal revenue.
Because the budget process in texas operates on a two-year cycle, texas legislators have adequate time to gather information, carefully analyze it, and craft a detailed and accurate state budget. true
It is true. Texas legislators need adequate time to gather accurate information and carefully analyze the budget now that it is operating in a two-year cycle
Texas lawmakers voted to approve the bill in 85th legislative session because time is running. Texas faces funding shortages due to slumping oil and gas revenues. And the state needs to the budget of $217 billion in this tight economic times.
This statement is false. The budget process in Texas operates on a two-year cycle, texas legislators have adequate time to gather information, carefully analyze it, and craft a detailed but not the accurate state budget.
Further Explanation:
Federal Budget:
The budget is the estimation of the future financial inflows and outflows of an entity. The federal budget is prepared by the government of the country. It is the estimation of the government’s spending and earning for a specific year. The earning of the government includes taxes such as income tax, customs duty, sin taxes, corporate tax, and other taxes. The major category of government spending is Medicare, social security, military spending, non-defense discretionary spending, and interest on the loans. So the federal budget in the future estimation of a country’s earning (Taxes) and spending (Public welfare services).
State Budget:
State budget refers to a type of budget in which all the expenditures and income concerned only with the state. The budget amount is spent only in a particular state. The budget is maintained on the basis of quarterly or yearly. The state budget of Texas is maintained for 2 yearly.
The statement regarding the budget process in Texas operating in two years, as they have adequate time to gather the information, carefully analyze it. But there is a lot of changes in the two years, so the state budget is inaccurate. That’s why this statement is false.
Learn more:
1. Learn more about the goal of the budget
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2. Learn more about budgeting
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3. Learn more about the federal reserve bank
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Answer details:
Grade: High School
Subject: Accounting
Chapter: Budgeting
Keywords:budget process, budgeting, Texas operates, Two-year cycle, Texas legislators, adequate time, gather information, carefully, analyze, craft, detailed, the accurate state budget.
Who agrees to pay for certain types of losses in exchange for payments on a policy?
an insurer does//////
The vice president wrote a letter to the employees announcing the opening of a new production facility. this is an example of which type of organizational communication?,
a. horizontal
b. informal
c. lateral
d. formal
Final answer:
The vice president writing a letter to employees is an example of formal organizational communication, which is characterized by its adherence to official channels within the organizational hierarchy.
Explanation:
The vice president writing a letter to the employees announcing the opening of a new production facility is an example of formal organizational communication. This type of communication is characterized by flows of information that are official and take place within the hierarchical structure of an organization. Traditionally, messages that come from the upper levels of an organization's hierarchy, such as a vice president, and are directed to lower-tier employees are considered formal communications.
In contrast, horizontal or lateral communication refers to information sharing among employees at the same level within the company, while informal communication consists of messages that may not follow the official channels of communication or the organizational hierarchy. It's important to note that in recent years, many organizations have evolved to have flatter structures that encourage more direct communication lines, even though formal communication is still prevalent.
Jose's restaurant operates in a perfectly competitive market. at the point where marginal cost equals marginal revenue, atc = $20, avc = $15, and the price per unit is $10. in this situation,
a. jose's restaurant is earning a positive economic profit.
b. jose's restaurant should shut down immediately.
c. jose's restaurant is losing money in the short run but should continue to operate.
d. the market price will rise in the short run to increase profits.
Since in a perfectly competitive market, a firm cannot dictate or increase the price, A firm is best to shut down production in the short run if the market price false below the average variable cost.
finn and glenda want to form and do business as hobby crafts corporation. a corporation is
Why is it important for engineers to have good communication skills?
For engineers to advance in their careers, work well with others, and complete their projects successfully, they must possess strong communication skills.
Enhancing your career: Employers value engineers with great communication abilities, and doing so is beneficial.
Collaboration: Engineers must often communicate with coworkers, superiors, staff from various departments, and even clients.
Group work: For engineers, the majority of project activities take place in groups, hence effective group communication is crucial.
Marketing: Engineers can effectively sell their ideas and draw in customers by having strong communication abilities.
Engineers' self-confidence, which is essential for success in their professional careers, can be developed through working on their communication abilities.
As a result, the significance of the important for engineers to have good communication skills are the aforementioned.
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This occurs when a government spends more money than it takes in.
Employees indicate their willingness to be represented by a union by signing a/an:
Which of the following is NOT a benefit of using a budget?
Help ensuring there will be enough money for bills and other necessities
2. Help earning more money than you currently make
3. Help tracking money so you know where it is being spent
4. Help saving for both short-term and long-term financial goals
Change theorists and practitioners take an "it depends" approach in which the style of change, especially the style of leadership, is dependent on the scale of the proposed change and the readiness of the staff to receive it.
Choose all that apply.
Select all the techniques used in advertising.
humor
pain
famous spokespersons
experts
ordinary people
status
physical attraction to others
scarcity
entertainment
intelligence
I think all the answers are right except for Pain and Scarcity..... but for sure the others are right. And "physical attraction to others" don't think so
Why are retired people hurt by inflation? A. They live beyond their means. B. Retired people often buy products that are especially likely to experience inflation. C. They're afraid of change. D. Since they're on fixed incomes, their income doesn't rise to meet higher prices.
A company that has no money to spend on marketing would probably be best advised to try their luck, at least initially, with what form of promotion? question 15 options:
a. advertising
b. personal selling
c. sales promotion
d. publicity
e. all forms simultaneously