When the price of a good or service increases, and the total revenue received by the seller declines, the demand for this good over this segment of the demand curve is elastic.
What is Elasticity?Elasticity measures the degree of responsiveness of one variable to a change in another variable. The price elasticity of demand measures the degree to which the quantity of demand for a good or service changes as a result of a change in its price.
In economics, price elasticity of demand is used to quantify the change in the quantity of goods demanded as a result of a change in the price of those goods. The price elasticity of demand is calculated using the following formula: % change in quantity demanded/% change in price
Types of Elasticity:Price Elasticity of Demand (PED) = % change in quantity demanded ÷ % change in pricePED > 1: Elastic demandPED = 1: Unit ElasticPED < 1: Inelastic demandPED = 0: Perfectly inelasticPED = ∞: Perfectly elasticTherefore, if the price of a good or service increases, and the total revenue received by the seller declines, the demand for this good over this segment of the demand curve is elastic.
To know more about demand curve refer to-
brainly.com/question/30550686#
#SPJ11
Which of the following is not one of the potential responses to a specific risk event?
A. Sharing
B. Transferring
C. Ignoring
D. Mitigating
E. Retaining
Ignoring is not one of the potential responses to a specific risk event.
What is specific risk?For investors, specific risks are hazards specific to a particular company, industry, or sector. This is the opposite of general market risk or systematic risk. Certain risks are also known as non-systematic or diversifiable risks.Specific risk is the risk that an event will occur that directly or indirectly affects the market value of an asset or a particular group of assets. Rumors of raw silicon shortages, for example, are a particular risk computer and tech stocks are exposed to. Examples include news specific to a stock or group of companies, such as the loss of a patent or a major natural disaster affecting corporate operations. Unlike systematic or market risks, certain risks can be diversified.To learn more about specific risk from the given link :
https://brainly.com/question/29858744
#SPJ4
"The law of Agency imposes certain duties both on the Agent and
the Principal". Discuss the duties of Agent and Principal
separately.
Minimum 1000 words with reference books
Business Law
The principal is responsible for paying the agent, collaborating with the agent, ensuring a secure workplace, and carrying out contractual obligations.
Discuss the duties of Agent and Principal separately.An essential component of business law that regulates the relationship between principals and agents is the law of agency. To ensure the success of the relationship, both parties have obligations and responsibilities that must be upheld. The agent's obligations include acting honestly and loyally, adhering to the principal's requests, avoiding conflicts of interest, and disclosing all pertinent information. The principal is responsible for paying the agent, collaborating with the agent, ensuring a secure workplace, and carrying out contractual obligations. These obligations are made to make sure that there is open communication between the principal and agent, that their relationship is advantageous to both parties, and that everyone acts in the other parties' best interests.
To Know more about Contractual obligations Visit:
brainly.com/question/30564850
#SPJ1
Which of the following is an advantage of diversity in the workforce?
OA. Discrimination is increased.
B. Communication is easy.
OC. Teams are more productive.
D. Wages are always fair.
One advantage of diversity in the workforce is C. Teams are more productive.
What good thing does diversity at work bring?As a result of diversity in the workplace, there will be a flow of different ideas from various perspectives on how to handle things.
This would lead to more productivity as the best formulas from different cultures are applied to production to make it better.
In conclusion, an advantage of diversity in the workforce is teams are more productive.
Find out more on the benefits of diversity at https://brainly.com/question/1330957
#SPJ1
Which kind of protection does homeowners insurance offer? Check all that apply.
A. It protects a car against theft in the parking lot.
B. It covers damages to a home.
C. It protects a home against theft.
D. It protects against accidents or injuries.
E. It covers property lost outside of the home.
Answer:
2,3,4,5
Explanation:
Homeowner's insurance keeps the owner safe from house damages, theft, accidents or injuries or mishap, etc
What do you understand by homeowners insurance offer?
Property holder's insurance contracts frequently cover the inside and beyond a home, as well as the misfortune or robbery of individual possessions and individual risk for harm to other people.
The home insurance cover:
The actual cost of the house, replacement cost, and extended replacement cost/value. The feature of home insurance are:
It covers house damages It protects against theftagainst accidents or injuries or mishapproperty lost inside and beyond/outside the houseTherefore options B, C, D, and E aptly describe the homeowner's insurance.
Learn more about homeowners insurance here:
https://brainly.com/question/1973043
Question 7 of 10
Economists believe that consecutive periods of deflation ultimately lead to
A. depressions
B. economic growth
C. recessions
D. economic fluctuations
Answer:
A
Explanation:
The economists believe that the consecutive periods of deflation ultimately lead to depressions. Thus option (A) is correct.
What is deflation?Deflation is a situation in which the overall price level in an economy decreases over time. While moderate deflation can be beneficial for consumers, as it increases the purchasing power of their money, consecutive periods of deflation can lead to economic stagnation and even depressions.
When prices are falling, individuals and businesses tend to delay their spending, expecting that prices will continue to decline in the future. As a result, aggregate demand decreases, leading to lower levels of economic output, employment, and income.
The depression occurs after consecutive periods of deflation according to economist. Therefore, option (A) is correct.
Learn more about deflation here:
https://brainly.com/question/30513865
#SPJ7
Obj3 Define Consumerism and environmentalist and explain how they affect marketing strategies
Consumerism is the social and economic ideology that encourages the acquisition and consumption of goods and services in ever-increasing amounts.
On the other hand, environmentalism is the movement that seeks to protect the natural environment and promote sustainable living.
Both consumerism and environmentalism have a significant impact on marketing strategies. For instance, consumerism has led to an increase in demand for products and services, which has prompted companies to create more products and advertise them more aggressively. This, in turn, has led to a rise in competition and the need for companies to differentiate themselves from their competitors.
On the other hand, environmentalism has resulted in a growing concern for the environment and a need for sustainable living. This has led to the creation of eco-friendly products, and companies are now competing to produce environmentally responsible products and packaging.
to know more about consumerism pls visit
https://brainly.com/question/911984
#SPJ11
A student buys a cell phone for $200 and is offered protection insurance for the phone.
What should the student consider in order to determine whether or not to buy the
insurance?
What texting capabilities does the phone have?
O is the phone a need or a want?
What is the risk of losing or damaging the phone?
Is there a fee for cancelling the phone contract?
Helppppp
Answer: What is the risk of losing or damaging the phone?
Explanation:
Insurance is a form of protection from a financial loss. After purchasing the phone for $200, if the student is offered protection insurance for the phone, the main thing to consider is the risk of losing or damaging the phone.
The value of buying insurance for a cell phone is simply for the person to be able to replace the cell phone in case of a scenario whereby the phone is lost or stolen.
assuming a perfectly competitive market, with the cost function c = 295 3q2 and price = $48 what is the firm’s profit?
Assuming a perfectly competitive market, with the cost function c = 295 3q2 and price = $48, the firm’s profit would be $3.56.
In a perfectly competitive market, firms are price takers, meaning they have no control over the market price and must accept the prevailing price as given. Therefore, the firm's profit in this scenario would depend on its level of output.
The firm's total revenue would be equal to the price multiplied by the quantity sold. So, if the price is $48, the firm's total revenue would be 48q.
The firm's total cost would be equal to the cost function, which is c = 295 3q^2. To find the firm's profit, we need to subtract the total cost from the total revenue.
Profit = Total Revenue - Total Cost
Profit = 48q - (295 3q^2)
To find the quantity at which the firm would maximize its profit, we need to take the derivative of the profit function with respect to q and set it equal to zero.
dProfit/dq = 48 - 295 18q = 0
q = 2/27
Substituting q = 2/27 into the profit function, we can find the maximum profit:
Profit = 48(2/27) - (295 3(2/27)^2)
Profit = 3.56
Therefore, the firm's profit in this scenario would be $3.56.
To know more about perfectly competitive market, refer to the link :
https://brainly.com/question/29407851#
#SPJ11
crystal coast is an all-inclusive beachside resort. it offers lodging, six restaurants, dancing, snorkeling, parasailing, and spa treatments. on the resort grounds, crystal coast also has a dive center, jet skis, and a water park. all of these amenities are only available to customers staying at crystal coast. crystal coast’s strategic position emerges from
Answer:broads
Explanation:
A PDF file is used to display a file as it will look when _______.
Answer:
a pdf file is used to display a file as it will look when _____.
In HVAC systems, sensors are one of the most important components. i. What is the main function of the sensors? ii. Based on different HVAC variables, what kind of sensors are normally used in the intelligent buildings? iii. Explain the different sensors with their advantages and disadvantages Resistance temperature devices ► Thermistors Thermocouples (14 marks)
In HVAC systems, sensors play a crucial role in regulating indoor climate control. They measure various environmental parameters and send signals to the system for effective control. Different types of sensors are used in intelligent buildings based on HVAC variables. These sensors include temperature sensors, occupancy sensors, humidity sensors, carbon monoxide sensors, light level sensors, and pressure sensors. Each sensor serves a specific function and contributes to optimizing HVAC performance.
1. Temperature Sensors:
Temperature sensors, such as Resistance Temperature Devices (RTDs), thermistors, and thermocouples, measure ambient temperature. RTDs offer high accuracy and repeatability, while thermistors are highly sensitive and cost-effective. Thermocouples have a wide temperature range but lower accuracy compared to RTDs and thermistors.
2. Occupancy Sensors:
Occupancy sensors detect the presence of occupants in a space and help control HVAC systems based on occupancy. They contribute to energy efficiency by optimizing HVAC usage.
3. Humidity Sensors:
Humidity sensors measure moisture content in the air. They assist in maintaining appropriate humidity levels for occupant comfort and preventing moisture-related issues.
4. Carbon Monoxide Sensors:
Carbon monoxide sensors detect harmful gas presence, ensuring indoor air quality and safety.
5. Light Level Sensors:
Light level sensors monitor light intensity in a space, enabling daylight harvesting and controlling artificial lighting systems to conserve energy.
6. Pressure Sensors:
Pressure sensors measure air pressure within the HVAC system. They help monitor and regulate airflow, ensuring proper ventilation and system performance.
Learn more about HVAC system here:
brainly.com/question/31840385
#SPJ11
When looking at a financial aid award letter, which type of aid would you have to pay back?
a) Federal work-study
b) merit scholarship
c) federal pell grant
b) Perkins loan
Answer:
There are four components you need to consider: Yearly costs, such as tuition, fees, books, room and board, travel expenses, etc. Financial aid that you don't have to pay back, such as scholarships, grants, and work-study. Financial aid that you do need to pay back, such as as federal loans.
Explanation:
I hope this helps!A popular soft drink is sold in 2-liter (2000-milliliter) bottles. Because of variation in the filling process, bottles have a mean of and a standard deviation of 16 milliliters, normally distributed. Complete parts a and b below.
Answer:
The answer is below.
Explanation:
The z score is a used in statistics to determine by how many standard deviations the raw score is above or below the mean. The z score is given by:
\(z=\frac{x-\mu}{\sigma}\\\\where\ x=raw\ score, \mu=mean,\sigma=standard\ deviation\\\\For\ a\ sample\ size(n):\\\\z=\frac{x-\mu}{\sigma/\sqrt{n} }\)
a) Given that n = 100, μ = 2000, σ = 18
For x < 1995 millimeters:
\(z=\frac{x-\mu}{\sigma/\sqrt{n} }=\frac{1995-2000}{18/\sqrt{100} } =-2.78\)
From the normal distribution table, P(x < 1995) = P(z < -2.78) = 0.0027
b) P(z > z*) = 10% = 0.1
P(z < z*) = 1 - 0.1 = 0.9
z* = 1.28
\(z*=\frac{x-\mu}{\sigma/\sqrt{n} }\\\\1.28=\frac{x-2000}{18/\sqrt{100} }\\\\x-2000 =-2.304\\\\x=2002.3\ ml\\\\\)
From the normal distribution table, P(z < z
Expenses included in the home office deduction, such as painting or repairs to the actual area of the home used for business, are referred to as?
Expenses included in the home office deduction, such as painting or repairs to the actual area of the home used for business, are referred to as deductible expenses
What are home office costs?Home office expenses are those incurred as a result of running a business or performing employment-related tasks within one's home dwelling.Within certain limits, expenses incurred in the operation of a home-based business are deducted on your federal taxes.With the Tax Cuts and Jobs Act of 2017, the regulations for deductions changed, so make sure you receive information on deductions published in 2018 or later.learn more about home office costs refer:
https://brainly.com/question/14924718
#SPJ4
Question 14 (2 points)
Which career cluster involves hands-on occupations and possibly working outside?
Investigative
Realistic
Enterprising
Conventional
Answer: Enterprising
Explanation: Hands-on jobs are occupation that requires little education, it relate to the practice of learning from experience on the job rather than reading and learning from books. The career cluster of hands-on occupation includes; technicians, plumbers, woodwork, hygiene and catering workers etc.
Enterprising is characterized by great imagination and initiative with energetic to carry out work . Enterprising best fit hands-on career cluster.
the total tea is an american restaurant chain that specializes in herbal and bubble teas with locations in 20 countries. when the company enters a new foreign market, it usually selects a combination of franchising and master subsidiaries. these master subsidiaries are joint ventures with local partners. specifically, these joint ventures are politically more acceptable and they multiple choice ensure a steady stream of royalty payments. tend to provide a higher control over technology. avoid high transport costs. help realize location and experience curve economies. bring a degree of local knowledge to the subsidiary.
When the company enters a new foreign market, it usually selects a combination of franchising are politically more acceptable and they help realize location and experience curve economies.
What is foreign market?A foreign market is a market outside of a company's domestic market, where the company can sell its products, services, and invest in assets. Companies that enter foreign markets have to consider the cultural, economic, and legal differences between their domestic market and the foreign market. Foreign markets can be attractive to businesses as they open up the potential for new markets, larger audiences, and increased profits. Companies must take the time to research the foreign market and its potential customers to ensure an appropriate marketing strategy and product offerings. Companies can use a variety of methods to enter foreign markets, including franchising, licensing, exporting, joint ventures, and direct investments.
To learn more about foreign market
https://brainly.com/question/28319654
#SPJ1
A study obtains data on per capita alcohol consumption and skin cancer rates for every county in New Mexico. The correlation based on this county data is 0.63. True or False. This provides a fair estimate of the strength of the association between alcohol consumption and skin cancer. True False
A study obtains data on per capita alcohol consumption and skin cancer rates for every county in New Mexico. The correlation based on this county data is 0.63. False
In this case, the obtained correlation between per capita alcohol consumption and skin cancer rates for every county in New Mexico is 0.63. But it is not completely appropriate to conclude that this correlation provides a fair estimate of the strength of the association between alcohol consumption and skin cancer because the correlation coefficient only provides information on the strength and direction of the association between the two variables. It does not indicate the causation of the relationship.
Therefore, we can't establish the strength of the association between alcohol consumption and skin cancer just by observing the correlation coefficient. Hence, we can say that the correlation coefficient provides a fair estimate of the strength of the association between alcohol consumption and skin cancer is False. Therefore, the correct answer is False.
In a nutshell, we can't establish the strength of the association between alcohol consumption and skin cancer just by observing the correlation coefficient. So, the obtained correlation between per capita alcohol consumption and skin cancer rates for every county in New Mexico is 0.63, which does not provide a fair estimate of the strength of the association between alcohol consumption and skin cancer.
To know more about per capita, visit:
https://brainly.com/question/31650362
#SPJ11
This is all apart of one question I promise. This is for a Marketing Class. Answer each separately please.
Describe some ways in which Zappos uses digital media tools. How does Zappos encourage word-of-mouth marketing through digital media? How does Zappos use digital media to create an authentic relationship with consumers?
Zappos, an online retailer known for its customer-centric approach, effectively utilizes various digital media tools to enhance its marketing efforts.
Zappos is an online retailer that has become synonymous with exceptional customer service and a customer-centric approach. Founded in 1999, Zappos has built a reputation for providing a wide range of products, with a particular focus on footwear and apparel. However, what truly sets Zappos apart is its commitment to creating an exceptional customer experience. From its hassle-free return policy to its 24/7 customer service, Zappos goes above and beyond to ensure customer satisfaction.
The company's success can be attributed to its core values of delivering happiness, fostering a positive company culture, and embracing innovation. Zappos has become a prime example of how a strong customer focus can lead to long-term success in the online retail industry.
Learn more about Zappos here:
https://brainly.com/question/31729052
#SPJ11
short answer
2. What secondary research methods will you use to learn. more about the client?
Secondary research is one of the two primary research types. It is a process of gathering and analyzing data that already exists.
A range of secondary research methods may be utilized to learn more about a client. Below are some secondary research methods that can be used to learn more about the client:
Surveys: Surveys can be used to collect large amounts of data from a large group of people. Information can be easily collected from a broad range of individuals, making it an effective research technique.
Researching online: The internet is a vast source of information. It's simple to find information about almost any topic or industry using online research.
Company website analysis: The company website provides information about the organization's history, products, and services. This can provide information about the client's strengths and limitations.
Data analysis: Researching and analyzing data from various sources can provide insights into the client's target audience.
Reports and publications: Government reports, academic research, and publications such as annual reports can provide insights into the industry and market of the client.
Competitor analysis: It is important to evaluate the client's competitors to gain insight into the client's market.
To learn more about research click here https://brainly.com/question/14398306
#SPJ11
Genera 5
3
Select the correct answer.
Which relationship is possible when two tables share the same primary key?
O A one-to-one
ОВ.
one-to-many
OC. many-to-one
OD. many-to-many
Reset
Next
Question:
Which relationship is possible when two tables share the same primary key?
Explanation:
One-to-one relationship.
PLEASE HELP IT IS URGENT DO NOT WASTE ANSWERS
What is Financing Decision??
Financial decisions are decisions made by management about a company's finances. These decisions might pertain to asset purchase, finance and fund raising, day-to-day capital and spending management, and so on. Financial decisions therefore affect both the assets and liabilities of a company.
Why is creative thinking important to generate business ideas?
Answer: Creative thinking is necessary for business problem-solving.
Explanation: The skill of creative thinking is a helpful skill because it teaches workers/business owners to find opportunities and ways to improve something even if the situation is challenging. This also lets the person face a problem or situations by a different view. I hope this helped!
alternative to computing the assets covariance matrix (v ) would be to do it directly without a factor model (computing pair-wise covariance directly). what would be a serious drawback of that approach?
Instead of utilising a factor model, measuring pair-wise covariance directly has a number of major disadvantages.
Including the fact that it does not take into consideration correlations between various assets that may exist owing to shared underlying drivers like market or economic variables. Each asset is treated as a separate entity when computing the covariance matrix directly, and its covariance with other assets is determined simply based on their historical returns. This method may cause the true covariance between assets to be overestimated or underestimated, which could lead to poor portfolio optimization or risk management choices. The covariance structure of assets can be more accurately represented using the factor model technique, which explicitly describes these common underlying drivers. The information obtained from this can then be utilised to create portfolios that are more in line with the investor's investment goals and risk tolerance.
Learn more about Covariance Matrix here:
https://brainly.com/question/30481066
#SPJ4
In a free market economy, the market, not the
determines prices. The interactions of
and
determine the price in the market?
Answer: 1. government , 2. consumers , 3. producers
Explanation: edmentum / plato
A personal career profile form can be used to match what you know about yourself to what you know about different careers. TRUE or FALSE.
Answer:
True
Explanation:
If you look you can understand that personal helps you know yourself.
Answer:
trueeee
Explanation:
on edge
1. Prepare the journal entries for Star Inc. For the month of December: 12/2 Purchased $20,000 of merchandise from Tang Corp., terms 1/20, n/40; FOB shipping point 12/3 The appropriate party paid $150 for shipping costs related to the 12/2 transaction 12/6 Returned $2,000 of merchandise to Tang Corp for credit 12/10 Sold $500 of merchandise to R. Smith, terms 2/10, n/30; cost of merchandise was $120; FOB shipping point 12/11 The appropriate party paid $20 for shipping costs related to the 12/10 transaction 12/18 Received the balance due from R. Smith 12/21 Paid Tang Corp the balance du
Answer:
1.Purchases (Dr.) $20,000
Accounts Payable (Cr.) $20,000
2.Shipping cost (Dr.) $150
Cash (Cr.) $150
3.Purchase return (Dr.) $2,000
Purchases (Cr.) $2,000
4.Account Receivable (Dr.) $500
Sales (Cr.) $500
5.Freight expense (Dr.) $20
Cash (Cr.) $20
Explanation:
The journal entry at the time of purchase will be recorded as accounts payable for complete invoice amount and discount is not incorporated in the entry because it is not realized. The adjusting entry will be recorded when the discount is availed to adjust the transaction and reflect the discount effect in the book of accounts.
Suppose Baldwin invested in plant and equipment last year. The plant investment was funded with bonds at a face value of $8,000,000 at 12.5% interest and equity of $4,200,000. Depreciation is 15 years straight line. For this transaction alone, which of the following statements are true (select 3 answers)
For Baldwin investing in plant and equipment last with bonds of $8 million at 12.5% and equity of $4.2 million, the true statements are:
3. On the Balance Sheet, Plant & Equipment increased by $12,200,000.5. Depreciation increased by $813,333.7. On the Balance Sheet, Long Term Debt changed by $8,000,000.What are the sources of cash for corporate investments?Corporate investments require cash outlays.
The cash outlays may be sourced internally (through retained earnings and cash) or externally through the issuance of bonds and equity shares.
Thus, for Baldwin's investment, the true statements are Options 3, 5, and 7.
Learn more about sources of cash for investment at https://brainly.com/question/735261
#SPJ1
Question Completion with Answer Options:1. Cash was pulled from Retained Earnings to cover the $4,200,000 difference between plant purchase and bond issue.
2. Cash went down by the amount of the plant purchase.
3. On the Balance Sheet, Plant & Equipment increased by $12,200,000.
4. Buying the plant had no net effect on the Cash account because the plant was paid for by the bond plus Retained Earnings.
5. Depreciation increased by $813,333.
6. Cash went up when the bond was issued by $8,000,000.
7. On the Balance Sheet, Long Term Debt changed by $8,000,000.
8. Since the new plant was funded with debt and equity, on the Balance Sheet, Retained Earnings decreased by $4,200,000, the difference between the investment and the bond issue.
Which sentence best completes the diagram?
Answer:
C. Prices in the country Increase
Explanation:
Inflation describes the general increase in prices in a country over time. Prices tend to rise with the increase in economic growth. A high economic growth rate implies that prices will increase at a high rate.
The Inflation rate is measured by assessing changes in the prices of products and services representing people's consumption. A rise in the inflation rate indicates a general increase in prices.
Arrange the following revenues in the federal government, from greatest to
least.
Drag each item to put them in the correct order.
(2 points)
= excise taxes
= Social Security and Medicare taxes
= corporate income taxes
= individual income taxes
= customs duties
= miscellaneous revenue