if the demand for apples is elastic, then a 5 percent increase in the price of apples will result in if the demand for apples is elastic, then a 5 percent increase in the price of apples will result in a less than 5% decrease in the quantity demanded of apples. a less than 5% increase in the quantity demanded of apples. no change in the quantity demanded of apples. a more than 5% decrease in the quantity demanded of apples. a more than 5% increase in the quantity demanded of apples.
Answers
If the demand for apples is elastic, then an increase in the price of apples will decrease the total revenue of apple sellers.
What is total revenue?
Total revenue, commonly referred to as total sales, is the total amount of money that your business made from all of its sales of products or services. If you run an ice cream shop, for instance, your total revenue would reflect all sales of ice cream, not simply those of a particular flavour or sundae. The total income of your business might be a helpful indicator when assessing its financial standing. Your company is making more money the higher your total revenue is. This can be very useful if you have a lot of expenses to pay for.
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Related Questions
which of the following does not represent a current liability? select one: a. accrual of taxes payable b. short-term loan c. purchase of inventory on credit d. bond issue e. none of the above
Answers
D. bond issue does not represent a current liability.
A liability is something that is borrowed from, owed to, or obligated to a person else. it could be actual (e.g. a bill that needs to be paid) or potential (e.g. a probable lawsuit).
A liability isn't always always a horrific component. for example, a organisation may additionally take out debt (a legal responsibility) so as to enlarge and grow its business. Or, an individual may additionally take out a mortgage to buy a domestic.
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A football team receives $258,000 in sponsorship for equipment, and the administrative costs are expected to be $27,000. What are the costs as a percentage of sponsorship revenue?
Answers
Based on the calculation below, costs as a percentage of sponsorship revenue is 10.47%.
How to calculate costs as a percentage of revenue?The costs as a percentage of sponsorship revenue can be calculated using the following formula:
Costs as a percentage of sponsorship revenue = (Expected administrative costs / Sponsorship revenue) * 100 …………………………….. (1)
Substitute the relevant values into equation (1), we have:
Costs as a percentage of sponsorship revenue = ($27,000 / $258,000) * 100
Costs as a percentage of sponsorship revenue = 0.104651162790698 * 100
Costs as a percentage of sponsorship revenue = 10.47%
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Which step of the legislative process is missing?
with answers in screenshot
Answers
A firm that chooses automate its production changes the break-even-analysis, though the ............. cost may rise immediately, they will hopefully be offset by reduced ........... costs in the longer run.
Answers
A firm that chooses to automate its production changes the break-even analysis. Though the initial cost may rise immediately, they will hopefully be offset by reduced labor costs in the longer run.
Automation can be expensive initially, but it can lead to significant savings in labor costs over time. By automating certain tasks, a company can reduce its reliance on human labor, which can help reduce costs associated with salaries, benefits, training, and turnover. While the initial cost of automation may be high, the long-term benefits can outweigh the initial investment. The break-even analysis is an important tool for companies to determine when they can expect to start seeing a return on their investment in automation.
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In two or three sentences, briefly describe how your work values relate to the career
planning process.
Answers
Your work values relate to the career planning process as they are what motivate you in order to work and contribute to your overall work satisfaction and success.
A person's work values are the subset of their fundamental beliefs and ideas, which also includes the core principles that are an important part of who you are. This includes things like service, honesty, self-respect, respect for others, and success.
So work values tend to be related to the career planning process as these values tend to motivate one in order to work. Thus, such values can influence your career path and job satisfaction. Also, when a person is conscious of these core values it helps to find a job which brings joy.
Hence, work values are related to the career planning process.
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Which of the following can cause a run-time error?
A programmer anticipated a positive whole number, and the user input a negative decimal value.
A programmer anticipated text data, and the user input text data.
A programmer anticipated numeric data, and the user input numeric data.
A variable was not defined because of a typographical error in the definition of that variable.
Answers
Answer:
A programmer anticipated a positive whole number, and the user input a negative decimal value.
Explanation:
Edge : )
Answer:
A programmer anticipated text data, and the user input text data.
The cost per risk discovered is typically highest in the _______________ stage of the project
Answers
The cost per risk discovered is typically highest in the initial stage of the project. It is common for the cost per risk to be at its highest in the beginning stages of a project, particularly in the stage where the project is being initiated or where plans are being made.
At this point in the process, the many dangers and unpredictabilities that are connected to the project are recognised and evaluated. Because it needs a large amount of effort, resources, and skill to adequately analyse and evaluate potential risks, this stage of the process typically results in the highest cost associated with risk identification.
In addition, when the project is in its early phases, there is likely to be a lack of information, which adds to the complexity of the situation and makes it more difficult to effectively identify and analyse risks. Because of increasing information and efficient risk management systems, the cost per risk that is detected typically lowers as the project proceeds and as more risks are uncovered.
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what is the difference of communism and socialism?
Answers
For socialism there is limited Private owner ship, government and private entities,Limited class distinctions and production for societal needs .
Which one of the following is an example of a procurement?
Answers
Answer:
Using a JIT stock control system
Explanation:
Procurement refers to the process of buying goods and services for an organization. It involves engaging many suppliers and identifying the most suitable ones. Procurement is the process of acquiring quality goods and services for a company in the most cost-efficient manner.
Just in time (JIT) is a strategy that aligns procurement with the production schedule. In the JIT strategy, materials are procured and delivered only when required for production.
Ann Chovies, owner of the Perfect Pasta Pizza Parlor, uses 20 pounds of pepperoni each day in preparing pizzas. Order costs for pepperoni are $10.00 per order, and carrying costs are 4 cents per pound per day. Lead time for each order is three days, and the pepperoni itself costs $3.00 per pound. If she were to order 80 pounds of pepperoni at a time, what would be the average inventory level?
Answers
Answer: 40 pounds
Explanation:
Given the following :
Ordering cost = $10 / order
Carrying cost = 4 cents per pound per day
Cost of pepperoni = $3 per pound
Daily demand = 20 pounds
Order quantity = 80 pounds
Average inventory level at the time in which 80 pounds of pepperoni was ordered is given as
Average inventory level is given as :
Order quantity / 2
80 pounds / 2 = 40 pounds
Question 17 of 20
Trey's bank raises the interest rate on his line of credit without providing an
explanation. Which consumer protection law has his bank violated?
Answers
Trey's bank raises the interest rate on his line of credit without providing an
explanation. The consumer protection law that his bank violated is: "The Truth in Lending Act of 1968".
What are consumer protection laws?The Truth in Lending Act of 1968 is a federal law in the United States aiming to encourage the informed use of consumer credit by requiring disclosures about its terms and prices to standardize the method in which borrowing expenses are computed and communicated.
Consumer protection laws protect consumers from faulty products and deceptive or fraudulent company activities.
It is to be noted that in the United States, a range of federal and state laws govern consumer affairs. The Federal Food, Drug, and Cosmetic Act, the Fair Debt Collection Practices Act, the Fair Credit Reporting Act, the Truth in Lending Act, the Fair Credit Billing Act, and the Gramm-Leach-Bliley Act are a few examples.
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Answer:
Credit Card Accountability, Responsability, and Disclosure Act
Explanation:
If a person wants to work from home in the Business, Management and Administrative careers, what is required?
a cubicle to keep the person on task
a private office to protect confidential information
proper technology to keep the person connected
proper travel arrangements to meet with customers
Answers
Answer:
C. proper technology to keep the person connected
Explanation:
Answer:
C
Explanation:
Edge 2021
Terryis interested in the effect of the introduction of a minimum wage in the Netherlands and applies a Difference-in-Difference design using Belgium as a control group. He has data for 2 consecutive years, where in the first year there was no minimum wage in both the Netherlands and Belgium, and in the second year in the Netherlands a minimum wage was applied, but not in Belgium. In order to estimate the effect of the minimum wage on employment, he estimates the following regression model:
, where denotes treatment status (country dummy, 1 if the Netherlands, and 0 if Belgium), denotes the time period (0 for the first period, 1 for the second period), and denotes the interaction between treatment status and time.
The output is as follows:
Variable Coefficient
-0.06
0.02
-0.03
Constant 0.78
What was the employment rate in Belgium in the second period on basis of this estimation?
a. 0.74.
b. 0.8.
c. 0.72.
d. 0.69.
Answers
The employment rate in Belgium in the second period, based on this estimation, is 0.74.
The given regression model is used to estimate the effect of the minimum wage on employment, using a Difference-in-Difference design with Belgium as the control group. The coefficients in the model represent the relationship between the variables.
In the regression model, the coefficient for the interaction term (treatment status and time) is -0.03. This coefficient represents the differential effect of the minimum wage on employment between the Netherlands and Belgium.
To calculate the employment rate in Belgium in the second period, we need to focus on the coefficient for the time period (denoted as 1 for the second period). The coefficient for the time period is 0.02. This coefficient represents the average effect of time on employment, assuming there is no treatment (minimum wage) applied.
Since Belgium is the control group where no minimum wage was applied, the coefficient for the time period (0.02) can be interpreted as the employment rate in Belgium in the second period. Therefore, the employment rate in Belgium in the second period is estimated to be 0.02, which is equivalent to 0.74 after rounding.
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Describe Gene Regulation in terms of how a car factory might control the production of various car models. Include information about the checkpoints in the process and how they dictate the outcome. Explain why having these checkpoints is important for the regulation process.
Answers
Gene regulation refers to the processes that control the expression of genes. In terms of a car factory, gene regulation can be compared to how the production of different car models is controlled through checkpoints and other mechanisms.
Checkpoints in gene regulation act like quality control checkpoints in a car factory. Just like how a car factory checks the quality of each car at different stages of production to ensure that each car meets the desired specifications, cells also have checkpoints in place to ensure that gene expression is accurate and regulated.
These checkpoints occur at various stages in the process of gene expression, including transcription, RNA processing, and translation. During transcription, the DNA is transcribed into RNA, and this process is controlled by transcription factors. These factors act like foremen in a car factory, dictating the production of different car models.
RNA processing involves the editing of RNA molecules, which are then transported from the nucleus to the cytoplasm, where they are translated into proteins. The checkpoints in this process ensure that only correctly edited RNA molecules are transported to the cytoplasm for translation.
Translation involves the conversion of RNA molecules into proteins. The checkpoints in this process ensure that only correctly translated proteins are produced, and that the proteins are produced in the correct quantities.
Gene regulation is essential because it ensures that genes are expressed in the correct cells and at the correct time, and that the resulting proteins are produced in the correct amounts. This regulation is necessary because errors in gene expression can lead to a wide range of diseases and disorders.
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Current Attempt in Progress On January 2,2021, Skysong Company purchased a patent for $48,600. The patent has an estimated useful life of 25 years and a 20 year legal life. What entry would the company make at December 31,2021 to record amortization expense on the patent? (Credit occount titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)
Answers
In this entry, we debit the Amortization Expense account for $1,944 and credit the Patent account for $1,944.
To record the amortization expense on the patent at December 31, 2021, we need to determine the annual amortization amount based on the useful life of the patent.
The patent has an estimated useful life of 25 years. To calculate the annual amortization expense, we divide the cost of the patent by its useful life:
Annual amortization expense = Cost of patent / Useful life
In this case, the cost of the patent is $48,600, and the useful life is 25 years.
Annual amortization expense = $48,600 / 25
Annual amortization expense = $1,944
Now, let's record the entry to record the amortization expense on the patent at December 31, 2021:
Date: December 31, 2021
Account Title Debit Credit
Amortization Expense $1,944
Patent $1,944
In this entry, we debit the Amortization Expense account for $1,944 and credit the Patent account for $1,944. This entry recognizes the yearly expense of using the patent and reduces the value of the patent over time.
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What is the purpose of the 1040 series of tax forms?
To file an extension for submitting your individual tax returns
To file individual tax returns To file corporate tax returns
To declare that you owe nothing in taxes
Answers
Answer:
To file individual tax returns
Explanation:
The IRS 1040 form is a formal document from the IRS that individual taxpayers in the US use to file tax returns. It is a form for filing personal tax returns by US residents. Form 1040 assist an individual in calculating the amount of taxable income. It helps determine the tax amount due or amount of refund to claim from the IRS.
Give an example of a natural monopoly industry operating in South Africa.
Answers
An example of a natural monopoly industry operating in South Africa include "Eskom".
What is natural monopoly?
A natural monopoly occurs when there is an instance in which it is economically viable and better for a single entity to be in full and sole control of the production of a product or service.
Moreover, a natural monopoly is the fact that natural monopolies have extreme economies of scale. It can only start to become profitable when one single firm is able to service the majority of the market.
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An open market purchase will cause Question 32 options: Borrowed reserves to rise and the Fed Fund Rate to fall Nonborrowed reserves to rise and the Fed Fund Rate to fall Nonborrowed reserves to fall and the Fed Fund Rate to rise Borrowed reserves to fall and the Fed Fund Rate to rise
Answers
Answer:
Non Borrowed reserves to rise and the Fed Fund Rate to fall
Explanation:
An open market purchase is when the Central bank buys securities from banks. This increases money supply, increases the federal funds rate to fall and increases reserves
Borrowed reserves are monies borrowed by banks from the central bank to maintain required reserves.
Which of the following is an example of price discrimination? a. An online bookstore charges more for overnight shipping than standard shipping when customers buy books from it. b. Airline tickets are more expensive for first-class seats than for coach. c. Hotel rates for AAA members are lower than for nonmembers. d. All of the above are correct.
Answers
Answer:
c) Hotel rates for AAA members are lower than for nonmembers.
Explanation:
In business, the term price discrimination refers to the strategy by which the seller charges a different price for the SAME product because the seller knows that the client will pay that price. The key word of this definition is that the seller is offering the same service/product but at different costs
If we take a look at our options we can see that a) offers a different service (one is overnight shipping and the other is standard), b) also offers a different product (first-class seats vs. coach), finally, c) offers the same product (the same hotel rooms) but non members pay more for the rooms than AAA members.
Thus, the correct answer is c) Hotel rates for AAA members are lower than for nonmembers.
which of the following statements best represents the view od developmentalists
Answers
Developmentalists are professionals who study human growth and development across the entire lifespan. They focus on various aspects such as cognitive, physical, and socio-emotional development. Among several perspectives, the statement that best represents the view of developmentalists is: "Human development is a complex, lifelong process influenced by genetic, environmental, and experiential factors, and individuals continually adapt and change throughout their lives."
In this view, developmentalists emphasize that human development is a dynamic and ongoing process. They believe that multiple factors contribute to shaping an individual's development, including genetics, environmental circumstances, and personal experiences. By considering all these elements, developmentalists aim to understand how people change and grow across different stages of life, from infancy to old age.
Moreover, developmentalists recognize that individuals continually adapt to new situations and experiences, allowing them to navigate the complexities of life successfully. This perspective acknowledges the importance of resilience and the ability to adapt as critical factors in healthy development. By studying the interplay between these various factors, developmentalists strive to gain a holistic understanding of human development, ultimately supporting individuals in reaching their full potential.
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why was the expansion of railroads significant to the growth of the cattle industry?
Answers
More cow towns were built in the West as railroads made it easier to transport a large number of cattle. Cattle from the east could be transported west via railroads and fed the region's expanding population.
What exactly is the cattle industry ?The production, management, slaughter, and sale of meat, dairy, and other products derived from cattle, such as hides, are all parts of the multi-billion dollar cattle industry in the United States. Any bovine animal—cows, buffalo, bison, etc.—is referred to as a cattle.
The national cattle herd ended its seven-year liquidation on January 1, 2014, with 88.2 million cattle and calves—the lowest herd size since 1952. The herd of cattle has increased ever since, reaching a peak of 94.8 million head in 2019. The herd has decreased by 3% to 91.9 million cattle heads as of January 1, 2022.
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The automatic storage water heater was invented by ____, an employee of George Westinghouse, founder of the Westinghouse Corp.
Answers
The person who worked for George Westinghouse and invested the automatic storage water heater was Edwin Rudd.
Who was Edwin Rudd?Edwin Rudd was an employee of George Westinghouse when he worked at the Fuel Gas and Manufacturing company.
It was here that he invented the automatic storage water heater in 1889 and then spent as much as 8 years to improve on it.
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Use the data in WAGE1. RAW for this exercise.
(i) Find the average education level in the sample. What are the lowest and highest years of education?
(ii) Find the average hourly wage in the sample. Does it seem high or low?
(iii) The wage data are reported in 1976 dollars. Using the Economic Report of the President (2011 or later), obtain and report the Consumer Price Index (CPI) for the years 1976 and 2010.
(iv) Use the CPI values from part (iii) to find the average hourly wage in 2010 dollars. Now does the average hourly wage seem reasonable?
(v) How many women are in the sample? How many men?
Answers
1. The lowest and highest years of education include 0 and 18 years. The average is 12.56 years
2. The average of hourly wage is about $5.90, which seems very low.
3. The CPI IS 56.9 and 184.0 in 1976 and 2010 respectively.
4. The hourly wage is reasonable.
5. There are 274 men and 252 women.
How to explain the informationThe average will be:
= 6606.56 / 526
= 12.56
The average of variable education is about 12.6 years.
There are two people reporting zero years of education, and 19 people reporting 18 years of education.
The lowest year of education is zero.
The highest year of education is 18 years
CPI (Consumer Price Index) is the ratio of value of standard basket of goods and services calculated at the current year prices to the value of the same basket of goods and services calculated at base year prices.
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Governments most often regulate essential services like water treatment by:
Answers
Answer: setting up natural monopolies.
Explanation: on apex!!
Answer:
It is setting up natural monopolies, like the other person said.
Explanation:
Which of the following is an indirect competitor for a company that makes chocolate chip cookies? A. Another company that makes chocolate chip cookies B. A company that makes potato chips C. A company that makes baking pans D. A company that makes brownies Please select the best answer from the choices provided A B C D
Answers
The correct answer is:
D. A company that makes brownies.
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When it is about the indirect competitor for a company that makes chocolate chip cookies is that company which is engaged in manufacturing brownies. Hence, Option D is correct.
What is an indirect competitor?In this scenario, there is cut-throat competition among the product producers of any of the products. It is not only about the producers; there is competition in the whole world.
When it comes to the types of competitors, there are basically two types of competitors. One is a direct competitor, and the second is an indirect competitor. The indirect competitor is the one who doesn't affect the business and directs management people in place of the product.
The product can be replaced by a company that is playing as if it had a monopoly on the whole market. It is about a company that produces cookies. The company's manufacturers of brownies The reason they are both made of chocolate ingredients is that they are both liked by people.
Thus, Option D is correct.
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Which of the following statements is true regarding the value of national currencies?
A) They cannot be quantified.
B) They remain highly stable.
C) They fluctuate constantly.
D) They change occasionally.
Answers
The correct statement regarding the value of national currencies is that they fluctuate constantly. Hence, option C) is the correct answer.
National currency is the legal currency or official money that is issued by a country's central bank or monetary authority. This currency is used for all transactions within that country's borders. The term is used to distinguish it from foreign currencies that are used as a medium of exchange in international transactions.
The value of national currencies is subject to fluctuation. It is influenced by a variety of factors, including economic conditions, interest rates, inflation rates, political stability, and market speculation. For example, if a country's economy is strong and stable, the value of its currency is likely to increase.
Conversely, if a country's economy is weak or unstable, the value of its currency is likely to decrease. Thus, it is evident that the value of national currencies fluctuates constantly.
Therefore, c is correct.
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The buyer of an industrial complex wants the broker to place the earnest money in an interest bearing account. The broker does this, clearly identifying all parties who are to receive the interest and the date the earned interest is to be disbursed. With only the verbal consent of the buyer, he places the money in an insured account in a depository in Florida. When the time comes to disburse the account, the broker will write a check to the buyer for the interest as the buyer agreed. Which statement describing this situation applies?
Answers
Answer:
Explanation:
In this situation, the statement that would best apply would be that the broker does not have the right to ever use an interest-bearing account under Florida Real Estate laws. Since Florida Real Estate laws specifically prohibit a broker from placing a clients money in an interest account then the broker in this scenario is breaking the law and can have his real estate license taken away as well as being fined.
9. Pilihan ganda15 menit1 ptQ. Having a great credit score will make it easier for you to get into a better educational institution.Pilihan jawabanTrueFalse
Answers
Having a great credit score will make it easier for you to get into a better educational institution.Pilihan jawaban True.
There should be more references in this article. Citing trustworthy references will strengthen this essay, so please do so. Unsourced content can be contested and eliminated.Locate sources: Every news source, academic work, publication, book, and JSTOR have a "Credit Score" (February 2011) when to delete this template message, and how to do itTo assess a person's creditworthiness, a numerical expression known as a credit score is utilised. It is founded on an exhaustive examination of their credit reports.A credit score is largely based on a credit report, which is frequently obtained from credit bureaus. Credit ratings are used by lenders, such banks and credit card firms, to determine the risk associated in lending money to clients and to limit losses brought.
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Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Answers
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
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Seller Jim tells his agent Brenda that he does not want his home marketed to families with children. Brenda refuses. Which statement is true
Answers
People are often entitle to their behavior or actions. The statement that is true is that Brenda has not violated any fiduciary duty.
A fiduciary duty is known to be when a person did accept some measures of responsibility to act in place in the best interests of another person or entity.A breach of fiduciary duty takes place only when a principal did not carry out the responsibly given to them and for that they may pay some penalty.
For Brenda case, she has not accepted to carry out the duty on behalf of Jim and as such She is not to be held for breach of fiduciary duty.
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Seller Jim tells his agent Brenda that he does not want his home marketed to families with children. Brenda refuses. Which statement is true?
Brenda must follow all of Jim’s instructions.
Brenda has violated the fiduciary duty of obedience to Jim.
Brenda could be liable for a breach of the listing contract terms.
Brenda has not violated any fiduciary duty.
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