True or False: If Larry's Fire Engines were a competitive firm instead and $100,000 were the market price for an engine, decreasing its price from $100,000 to $80,000 would result in the same change in production quantity and, thus, total revenue.
Answers
Answer:
False
Explanation:
This would actually decrease Larry's revenue per engine sold, but the quantity supplied should increase. The change in Larry's total revenue will depend on the price elasticity of demand. Total revenue could either decrease or increase depending on its PED:
Related Questions
A career will be most productive, comfortable, and enjoyable when it fits well into one’s lifestyle. Which is the best definition of lifestyle?
the factors that have influenced one’s life
priorities, principles, and beliefs that guide a person’s life
a way of living that shows a person’s beliefs or opinions
the collection of things a person has done
Answers
Answer:
B.
Explanation:
Your answer is B because if you compare the definition to the definition of lifestyle, its "the way in which a person or group lives." There can be all types of lifestyles. Therefore making "B" your best bet.
Answer:
C.
Explanation:
Edge 2021
what is IAAS define?
with example.
Answers
Answer:
IAAS is a cloud computing service model by means of which computing resources are hosted in a public, private or hybrid cloud.
Explanation:
The full form of IAAS is Infrastructure As A Service.
Answer:
AAS is a cloud computing service model by means of which computing resources are hosted in a public, private or hybrid cloud.
Explanation:
Describe factors that encourage conspicuous
consumption by the purchase of status sym-
bols.
Answers
Veblen's initial thesis said that better social standing and peer recognition were the two key factors influencing ostentatious consumption.
Conspicuous consumerism is the act of acquiring things or services specifically with the intention of flaunting one's affluence. When publicly exhibited products and services are too expensive for other people in a person's class, conspicuous spending is a way to demonstrate one's social position.
What is the conspicuous consumerism theory?
Conspicuous consumption is defined as. Displaying extravagant riches in order to improve one's standing and reputation in society is known as conspicuous spending.To Learn more about conspicuous consumption, click the links
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4. What does the following formula illustrate? MUx/Px = MUY/Py
A)If a consumer likes Good X better than Y, than the price of X is of no concern.
B)If a consumer likes Product X better than Product Y, he should only buy as much X as possible and zero units of Y under all circumstances.
C)It reflects the ideal combination of two goods that a consumer should purchase relative to the price of those two goods.
D)Nothing - it's a bunch of mishmash meant to confuse me!
Answers
The formula \(MUx/Px = MUY/Py\) helps us under the concept of marginal utility. It reflects the ideal combination of two goods that a consumer should purchase relative to the price of those two goods.
What is marginal utility?The concept of marginal utility refers to the additional satisfaction or benefit gained by a consumer from consuming one more unit of a good or service.
In the case of the formula \(MUx/Px = MUY/Py\), where
MUx = the marginal utility of good X, Px = the price of good X.MUY = the marginal utility of good Y, andPy = the price of good Y.Overall, from a conservative standpoint, it reflects the ideal combination of two goods that a consumer should purchase relative to the price of those two goods.
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ECONOMICS CHAPTER 2 SECTION 3
explain the relationship between the terms in each of these pairs
A. Private property rights and market
B. laissez-faire and capitalism
C. Specialization and profit
D. Factor market and product market
ECONOMICS CHAPTER 2 SECTION 3
Answers
Private property rights and market is in which people buy and sell resources or goods and services.
Private property rights are the rights of individuals and groups to own property and the market is any place or situation in which people buy and sell resources and goods and services.
Laissez-faire and capitalism-The relation-ship between laissez-faire and capitalism is laissez-faire is an economic philosophy of free-market capitalism that opposes government intervention.
Specialization and profit- The relation-ship between specialization and profit is the companies specialize in making one product or one component of a product, if this product will make at large scale, companies reduces it's cost to earn profit.
Factor market and product market- The relation-ship between Factor market and product market is the factor market is running by the demand of product market. The product market is sold their goods and services with the demand of factor market to production these goods and services.
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3.4 3 Practice Analyzing Visuals in Business Documents
P L Z help me with this
Synthesize
Determine and design the best visuals for a progress report, including appropriate graphs, tables, illustrations, text boxes, and other visuals. You will need to think about how the visuals relate to the information presented in the progress report and how the visuals will aid readers’ understanding.
1. Using the graphs above, which would you choose to include in the Costs section of your progress report to show how project spending compares to the budget so far? Explain why.
2. Using the graphs above, which would you chose to include in the Costs section of your progress report to show how much of the total budget remains for the project? Explain why.
3. Examine the table in the section above.
a. Recreate the exact table shown above in a separate document. Submit this document to your teacher with your worksheet.
b. Explain how you created the table.
4. In your progress report, you want the Work Completed section to follow your Summary of Costs. To date, the company has rewritten the home page content, created a new logo, and updated the overall structure of the site. Currently, an idea for site navigation has been proposed but not yet confirmed. You want to include a visual of the navigation option in the progress report.
a. The navigation option includes these links from the Home Page: About, Services, Customer Reviews, and Contact. The About section would include links to History and Our Mission; the Services section would also include links to Pricing, Scope, and Timeline. Show an example of a simple, custom graphic to display the navigation.
b. Explain how you created your graphic.
5. Once you finish your progress report, your manager wants to look it over before distributing it to everyone in the company. What is the best way to give this report to your manager and why?
6. Your manager looks over the report and decides that because you did such a thorough job with the report, your next project will be to help update the company's business cards. Create a sample business card that includes a graphic to represent the law firm, Stevens & Patterson.
Answers
Graphics are employed as visual representations to support the text in a report, proposal, set of instructions, or other similar papers in corporate writing and technical communication. Charts, diagrams, sketches, figures, graphs, maps, pictures, and tables are examples of several graphic types.
What is the purpose of using visuals in a professional document?Visuals are an important aspect of any documentation approach because they may make complicated ideas and procedures easier for readers to comprehend. They let readers envision linkages and occurrences, although it may be more challenging to understand the same information when presented in the text.
Place the graphic as near to the relevant text as you can. Assign a number and a precise descriptive title to each image. When describing the content of the graphic, refer to the number or title in the body text. Give the graphic ample white space around it to draw attention to the picture and improve readability.
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mr.marlon pays minimum wage to the cashiers in his store. if minimum wage is $7.25 per hour, how much does a cashier make who works 80 hours per week
Answers
Answer:
580
hour × rate
80 × 7.25
At the beginning of October, Comfy Cushions had 3,400 cushions and 8,500 pounds of raw materials on hand. Budgeted sales for the next three months are
Month Sales
October 11,000 cushions
November 12,000 cushions
December 10,000 cushions
Comfy Cushions wants to have sufficient raw materials on hand at the end of each month to meet 20% of the following month’s production requirements and sufficient cushions on hand at the end of each month to meet 30% of the following month’s budgeted sales. Four pounds of raw materials, at a standard cost of $1.10 per pound, are required to produce each cushion.
Required
a. Prepare a production budget for October and November using the format provided below:
Comfy Cushions
Production Budget
For the Months of October and November
October November Unit Sales Desired ending inventory Finished goods requirements Less beginning inventory Production requirements
Answers
Comfy cushions production budget for the Months of October 11,000 and November 12,000.
The production budget is the company's plan to produce the company's products in quantities that match sales needs by considering the amount of inventory at the beginning and end of a certain period.
October 11,000
Unit Sales 11,000
Desired Ending Inventory 3,300 (30% of 11,000)
Finished Goods Requirements 14,300
Less Beginning Inventory 3,400
Production Requirements 10,900
November 12,000
Unit Sales 12,000
Desired Ending Inventory 3,600 (30% of 12,000)
Finished Goods Requirements 15,600
Less Beginning Inventory 3,300
Production Requirements 12,300
Raw material requirements for the two months:
October: 10,900 x 4 lbs/cushion = 43,600 lbs
November: 12,300 x 4 lbs/cushion = 49,200 lbs
Total raw material requirement: 92,800 lbs
Cost of raw materials: 92,800 x $1.10 = $102,080
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hello , What are three common tools for qualitative research in business and marketing?
Answers
Answer:
they would be in-depth interviews, focus group discussions and observation over data
Explanation:
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‘In 1999 the UK government
introduced a minimum wage for all
employees aged 18 or over. This was extended to 16 and 17 year old employees in 2003’
Explain the impact of the
possible effects on employers
and employees of this
decision
Answers
Answer:
this would hurt the economy
Explanation:
when the minumun wage is raised or a limit is put on to it and the employers would have to make up for the lost money so yes they would now have a minumun wage but a bundle of bannanas would be 1$ more forcing every to cut budgets and landlords to raise the rent. A bunch of other reasons but its bad.
when preparing a market analysis, several factors can be used for comparability. which of these would be a good factor to use?
Answers
When preparing a market analysis, several factors can be used for comparability.
A good factor to use in this context would be the location of the properties being compared.
Step 1: Identify the target property and potential comparable properties.
Start by identifying the property you want to analyze and a list of potential comparable properties in the market. This can be done by searching property listings,
consulting local real estate agents, or using online tools.
Step 2: Evaluate the location of each property.
The location is a crucial factor because properties in the same area often share similar characteristics, such as amenities, neighborhood quality, and accessibility to transportation.
Evaluate the locations of each property by considering their proximity to schools, shopping centers, parks, and other essential facilities.
Step 3: Compare the physical characteristics of the properties.
Physical characteristics include property size, age, architectural style, number of rooms, and the overall condition of the property.
Analyze these factors and compare them between the target property and the comparable properties.
Step 4: Review the financial aspects of each property.
Examine the sale prices, rent rates, and financing terms of each property. Compare these figures to identify trends and potential differences between the target property and the comparables.
Step 5: Analyze the market conditions.
Consider the overall market conditions, such as supply and demand, and any fluctuations in property prices over time.
This will provide a better understanding of how the target property compares to others in the market.
In conclusion, when preparing a market analysis, several factors can be used for comparability. A good factor to use is the location of the properties being compared,
as it greatly impacts property values and characteristics. By evaluating the location, physical characteristics, financial aspects, and market conditions,
you can effectively compare properties and make informed decisions.
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List three things that you can do to ensure that you have set healthy boundaries between yourself and others at work.
Answers
Answer:
Limited negativity, Laughs, and non-heated arguments
Explanation: you need some negativity it gets boring when someone just constantly agrees with you, and you need arguments to see the other person field of view however they should be calm and well-thought out and not aggressive.
An overcurrent condition may result
from?
A) an overload
B) a short-circuit
C) a ground-fault
D) all of these
Answers
Answer:
A.an overload circuit
Explanation:
i hope that help
suppose that initially the price is $20 in the long-run in a perfectly competitive market. firms are making zero economic profits. then the market demand increases permanently, leading some firms to enter the market. what will be the new long-run equilibrium price? a. lower than $20 b. higher than $20 c. $20
Answers
Lower than $20 will be the new long-run equilibrium price.
What is equilibrium in the long run?When prices respond to market changes and the economy is operating at its maximum capacity, long-run equilibrium has been reached.The intersection of the AD curve, SAS curve, and Long-Run Aggregate Supply (LAS) curve demonstrates the long-term equilibrium.We say the economy is in long-run equilibrium if the current output is equivalent to the output at full employment.When there are no changes in the number of businesses in the market and when all firms are making zero economic profits, a fully competitive market reaches long-term equilibrium.The macroeconomic equilibrium alters as the total demand changes. For instance, long-term equilibrium is present in the economy.Learn more about long-run equilibrium price refer to :
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When you put a check you received in the bank, you have immediate access to the money.
True or False.
Answers
Answer:
this is true hope this helps
Explanation:
If attribute A determines a single value for attribute B at any time, we say that attribute B is ___. a parent of attribute A; a child of attribute A ...
Answers
If attribute A determines a single value for attribute B at any time, we say that attribute B is functionally dependent on attribute A (option c).
When attribute A determines a single value for attribute B at any time, it means that the value of attribute B can be uniquely determined based on the value of attribute A. In this case, we say that attribute B is functionally dependent on attribute A. The value of attribute A serves as a determinant or key in determining the value of attribute B. The correct option is c.
The complete question is:
If attribute A determines a single value for attribute B at any time, we say that attribute B is ___.
a) a parent of attribute A
b) a child of attribute A
c) functionally dependent on attribute A
d) networked to attribute A
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What is profit in an economic system?
A. Profit is the investment a producer makes in the economy to achieve financial gain.
B. Profit is the net change in the value of the economy due to an exchange.
C. Profit is the financial gain resulting from an exchange.
D. Profit is the investment a consumer makes in the economy to achieve financial gain.
Answers
Answer:
I think D is correct answer
The profit in the economic system is the investment made by the consumer for accomplishing the financial gain.
The information related to the profit is as follows:
It is the surplus that comes after deducting the cost from the revenue made. It is the investment that should be made by the consumer for attaining financial gain.Therefore all the other options are incorrect.
Thus we can conclude that profit in the economic system is the investment made by the consumer for accomplishing the financial gain.
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How does a common-market agreement benefit citizens of a member country?
Answers
an insurance company offers mississippi adults between the ages of 25 and 34 a $100,000 life insurance policy for $18 a month. they use the fact that mississippi has a yearly death rate of 172.8 per 100,000 residents aged 25-34 years. find the expected value per customer for the insurance company at the end of one year for the policy described.
Answers
The expected value per customer for the insurance company at the end of one year for the policy described is $1,512.
The expected value per customer for the insurance company can be calculated as follows:
Calculate the probability of a customer in the 25-34 age group dying in one year:
Probability of dying = Yearly death rate / 100,000
Probability of dying = 172.8 / 100,000
Probability of dying = 0.001728
Calculate the expected value of the policy for the insurance company:
Expected value = Probability of dying * Policy amount - Monthly premium * 12
Expected value = (0.001728 * $100,000) - ($18 * 12)
Expected value = $1,728 - $216
Expected value = $1,512
Therefore, the expected value per customer for the insurance company at the end of one year for the policy described is $1,512.
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a zero coupon bond had 10 years left to maturity and face value of $1,000. if the ytm on the bond is 8%, what is the price of the bond?
Answers
A zero coupon bond had 10 years left to maturity and face value of $1,000.A bond with a face value of $1,000 will see its price rise by $38,612.
When it matures in 10 years and pays a 10% semiannual yield.
1. Depending on the major, face value can mean and be explained differently.
2. Face value is the actual value we can see through the digits of a number, just like in math.
3. However, in this case, the market value differs from the face value that is being discussed.
4. Whenever we go to buy a product, we hit the price tag or the money stamp, and we see the face value, which is the cost or the value of the product in coins or stamps.
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When you are in a conflict with another person, it is important to remember:
OA.
That you are right and he is wrong.
O B.
All the negative things the other person has said or done to you.
O C.
That you also helped create the conflict.
OD.
That it is your right to control your friends.
Answers
3. ______ are defined as goods or services that are required for health and safety.
Answers
Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
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Describe Globalization in your own words
Answers
Answer:
Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information. It can also mean the speedup of movements and exchanges all over the planet. It is important because it changes the way nations, businesses and people interact.
Hope that helped?
Explanation:
Shirtwaists were resulting inrisingprofits for the owners of the factory. True or False
Answers
The statement "Shirtwaists were resulting in rising profits for the owners of the factory" is false.
Without specific context, it is impossible to make a definitive statement about the profitability of shirtwaists for factory owners. Various factors, such as competition, production costs, demand, and market conditions, can significantly impact profitability. Additionally, external factors like changes in consumer preferences or economic downturns could influence the profitability of the shirtwaist industry. Therefore, without additional information, it is incorrect to assume that shirtwaists were resulting in rising profits for factory owners.
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a respected mit professor had a simple 5-word rule for his classroom, and every company should follow it
Answers
The respected MIT Professor who had a simple 5-word rule for his classroom and who advised that companies should follow is Patrick Winston.
Patrick Winston was a respected MIT Professor who had a simple 5-word rule for his classroom. He knew how to speak and get others to listen.
He taught at MIT for fifty years and knew how to captivate his audience. Winston's rule of engagement is an example of emotional intelligence in real life. It's the ability to make emotions work for you.
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Which type of lighting can damage merchandise if directly focused on it?
Answers
Answer:
incandescent bulbs
Explanation:
I had the same question and I got the answer right.
"Incandescent bulbs": the type of lighting that can damage merchandise is directly focused on it.
What is UV Light & How to Combat It?Radiation with a wavelength longer than the visible range of violet in the spectrum is referred to be ultraviolet light. UV light is frequently produced by the sun. All works on paper, pictures, library and archive collections, museum pieces, leathers, domestic textiles, and collectables are possibly harmed by ultraviolet radiation, as is a skin without sunscreen. In comparison to incandescent light, it is more noticeable in sunshine and fluorescent lighting.
UV-Filtering Materials: These are substances that remove visible light's ultraviolet (UV) rays. The rate of degradation of things and artefacts stored or shown can be decreased by eliminating UV radiation from storage and exhibition spaces. In addition to being used to cover windows or fluorescent light bulbs in museums, UV-filtering material is also readily accessible in the form of acrylic or glass sheets for practical residential uses.
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the sales tax in florida is 6%. if you purchase a car for $42,000, how much is the sales tax on the purchase?
Answers
The sales tax on a $42,000 car purchase in Florida would be $2,520.
Sales tax: A sales tax is a tax paid to a governing body for the sales of certain goods as well as services. Usually laws allow the seller to collect funds for the tax from the consumer at the point of the purchase.
To calculate the sales tax on a $42,000 car purchase in Florida, you would multiply the purchase price by the sales tax rate.
Sales tax = Purchase price x Sales tax rate
Sales tax = $42,000 x 6% = $2,520
So the sales tax on a $42,000 car purchase in Florida would be $2,520.
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Which of the following influences the price elasticity of demand?
1. percentage of a consumer's budget
2. amount of time available to adjust to price changes
3. number and availability of substitutes
4. all of the above
-
thank you!!
Answers
Explanation:
1. percentage of a consumer's budget
The given factor that determines the price elasticity of demand is 3. number and availability of substitutes.
What determines price elasticity of demand?The price elasticity of demand refers to how much demand can change as a result of a change in price.
If a good has several available substitutes, it would have a higher price elasticity of demand because people who switch to other products if prices rise.
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What is an externality?
Answers
Answer:
An externality is a cost or benefit caused by a producer that is not financially incurred or received by that producer. An externality can be both positive or negative and can stem from either the production or consumption of a good or service.
Explanation:
using a terminal summary as a source document for weekly cash and credit card sales is an application of the accounting concept
a) matching expenses with revenue
b)objective evidence
c) realization revenue
d) business entity
Answers
Using a terminal summary as a source document for weekly cash and credit card sales is an application of the accounting concept of objective evidence.
The accounting concept of objective evidence refers to the principle that financial transactions and events should be supported by reliable and verifiable documentation. In this case, using a terminal summary as a source document for weekly cash and credit card sales aligns with this concept.
A terminal summary is a document generated by a point-of-sale (POS) terminal that provides a detailed breakdown of sales transactions, including cash and credit card sales. By utilizing the terminal summary as a source document, the company ensures that there is objective evidence to support the reported sales figures.
The terminal summary serves as tangible proof of the cash and credit card sales made during a specific period, providing a reliable record of transactions. This objective evidence strengthens the accuracy and reliability of the financial information reported by the company. It helps ensure that revenue is properly recorded and can be matched with corresponding expenses, enabling the application of the accounting concept of matching expenses with revenue.
Overall, using a terminal summary as a source document for weekly cash and credit card sales demonstrates the application of the accounting concept of objective evidence, as it provides verifiable documentation that supports the reported sales figures and facilitates the matching of revenue with corresponding expenses.
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