Elasticity of demand refers to how much demand for an item changes as a result of changes in the item's price. Elastic demand happens when demand is more sensitive to changes in price.
Elastic demand occurs when a small change in price results in a significant change in quantity consumed. The good with more elastic demand is the one that is more sensitive to price changes among the given pair of goods. For each of the following pairs of goods, the good with more elastic demand is as follows:
Mansions or rental homes: Rental homes
Billie Eilish recordings or pop music recordings in general: Pop music recordings in general
Gasoline over the next 3 years or gasoline over the next 4 months: Gasoline over the next 4 months
Strawberries or fruit in general: Fruit in general
The reason for each of the above answers is that, in general, the demand for goods that have more substitutes is more elastic. In the given pairs of goods, the good with more substitute goods has more elastic demand.
Thus, rental homes have more substitutes than mansions, pop music recordings have more substitutes than Billie Eilish recordings, gasoline over the next 4 months has more substitutes than gasoline over the next 3 years, and fruit in general has more substitutes than strawberries.
Therefore, for each of the given pairs of goods, the good that is expected to have more elastic demand is identified as above.
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What personnel records would you suggest for a small retailer with three employees?
Explanation:
For a small retailer with three employees, the ideal would be to keep personnel records well organized, because regardless of the size of the company, the records function as a perspective of the human resources department and a protection for the company, therefore it is essential that the company have registration forms, selection data, evaluation reports, disciplinary forms, job description, social security number, etc.
The American Labor movement was considered radical compared to what was happening in Europe. true or false
Answer:
true took the test brainliest please
Over five quarters, revenue generated by Alpha Enterprises was: 10, 14, 12, 16, 20. Using the exponential smoothing technique, calculate smoothed values for the 2nd, 3rd, 4th, and 5th quarters given that
a = 0.5: a. 12, 13, 14, 18
b. 12, 12, 14, 17
c. 12, 14, 16, 18
d. 12, 14, 16, 20
To calculate the smoothed values using exponential smoothing, we start with the first observed value and then apply the smoothing formula:
k
Smoothed Value = α * Current Value + (1 - α) * Previous Smoothed Value
Given the following revenue values: 10, 14, 12, 16, 20 and α = 0.5, we can calculate the smoothed values for the 2nd, 3rd, 4th, and 5th quarters as follows:
1st Quarter: Smoothed Value = 10 (Since it's the first observed value)
2nd Quarter: Smoothed Value = 0.5 * 14 + 0.5 * 10 = 12
3rd Quarter: Smoothed Value = 0.5 * 12 + 0.5 * 12 = 12
4th Quarter: Smoothed Value = 0.5 * 16 + 0.5 * 12 = 14
5th Quarter: Smoothed Value = 0.5 * 20 + 0.5 * 14 = 17
The smoothed values for the 2nd, 3rd, 4th, and 5th quarters are: 12, 12, 14, 17.
The correct answer is option b: 12, 12, 14, 17.
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give 5 numbers smaller than -2 and 5 numbers bigger than -2
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businessoperations managementoperations management questions and answersbob was walking his dog one bright and sunny morning. as he walked by his neighbor’s house he noticed that she was changing with the blinds wide open. bob glanced in the window, as he walked his dog from the sidewalk. later, he told his friend about what he saw. would the neighbor be successful against bob for invasion of privacy? a. yes, as bob is strictly
Question: Bob Was Walking His Dog One Bright And Sunny Morning. As He Walked By His Neighbor’s House He Noticed That She Was Changing With The Blinds Wide Open. Bob Glanced In The Window, As He Walked His Dog From The Sidewalk. Later, He Told His Friend About What He Saw. Would The Neighbor Be Successful Against Bob For Invasion Of Privacy? A. Yes, As Bob Is Strictly
Bob was walking his dog one bright and sunny morning. As he walked by his neighbor’s house he noticed that she was changing with the blinds wide open. Bob glanced in the window, as he walked his dog from the sidewalk. Later, he told his friend about what he saw. Would the neighbor be successful against Bob for Invasion of Privacy?
a. Yes, as Bob is strictly liable.
b. No, as the neighbor did not have a reasonable expectation of privacy by leaving the blinds open
c. Yes, and the neighbor only needs to prove that Bob’s actions were highly offensive.
d. yes, as Bob should not have glanced in the window.
The neighbor would not be successful against Bob for invasion of privacy because the neighbor did not have a reasonable expectation of privacy by leaving the blinds open.
Invasion of privacy is a term that refers to the unauthorized disclosure or use of private and sensitive information by an individual. It is a civil wrong that can result in legal action against an individual or entity who has violated someone's right to privacy. Invasion of privacy can occur in many different forms such as intrusion, public disclosure of private facts, false light, and appropriation.In this given situation, Bob would not be liable for invasion of privacy because the neighbor did not have a reasonable expectation of privacy by leaving the blinds wide open while changing. Therefore, the correct answer is option B. No, as the neighbor did not have a reasonable expectation of privacy by leaving the blinds open.
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Match the different account heads to the two aspects of business.
Answer:
See below
Explanation:
Match Source A
The business owns:
Are assets that belong to the business.
investments
intangible assets
Property, Plant, and Equipment
Current assets
Match source B
Match owes :
Refer to the liabilities of the business. They belong to others.
loans
payable
35 points!!!111
Outlining involves arranging topics or ideas in relationship to each other. Please select the best answer from the choices provided T F
Answer:
TRUE
Explanation:
Answer:
Honestly, you're lying about the 35 points thing...
But the answer is TRUE
1. What motivation theory states that people will perform better if they have difficult, specific, accepted performance goals or objectives?Goal theoryExpectancy theoryOutcomes theoryPerformance theory2. Creating the best environment for team problem-solving requires __________.diverse individualsinclusivenessinspired leadersindividualism
The motivation theory states that people will perform better if they have difficult, specific, accepted performance goals or objectives is option A: Goal theory.
Creating the best environment for team problem-solving requires option A, B and C .diverse individuals, inclusiveness, and inspired leaders.
What is the best environment about?Having a diverse team with different backgrounds, experiences, and perspectives can bring new ideas and approaches to problem-solving. Inclusiveness and open communication also help create a collaborative and supportive environment where team members feel comfortable sharing their thoughts and ideas.
Inspired leaders play a crucial role in facilitating team problem-solving. They should create a culture of continuous learning and encourage team members to think creatively and take risks. They should also provide the necessary resources and support for the team to succeed.
Therefore, Individualism can be counter-productive in team problem-solving as it can lead to a lack of collaboration and hinder the team's ability to work towards a common goal.
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Based on the theory set out by Edwin Locke, Goal theory states that people will perform better if they have difficult, specific, accepted performance goals or objectives. Also, creating the best environment for team problem-solving requires inspired leaders.
What is the Goal theory of motivation?Goal-setting theory of motivation is the theory that states that goal-setting is essentially linked to task performance.
According to Edwin Locke, the Goal-setting theory of motivation states that specific and challenging goals along with appropriate feedback lead to higher and better task performance.
Process of the goal-setting theory of motivation operant conditioning, equity, goal, and expectancy.Also, creating the best environment for team problem-solving requires inspired leaders. This is because inspired leaders would be able to motivate the team members to achieve their goals, through goal setting and laying of examples.
Hence, in this case, it is concluded that goal setting is good to achieve expected returns, and inspired leaders can be effective in propelling the team to solve problems.
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Constraints on deposit creation include all of the following except:
A. An increase in the money multiplier.
B. The lack of interest in borrowing money on the part of individuals.
C. The decision by individuals to stop depositing money in transaction accounts.
D. An increase in the reserve requirement.
Correct answer: Constraints on deposit creation include all of the following except A. An increase in the money multiplier.
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Bitcoin is worth it?
tariff is a _____ imposed on a good when it is _____.
tariff is a tax imposed on a good when it is imported into a country
During an interview, an applicant for a managerial job is confronted with role players who make the claim that they have been "harassed on the job." The applicant is then asked to deal with the complaints. What kind of selection device is being used?
During an interview, an applicant for a managerial job is confronted with role players who make the claim that they have been "harassed on the job." The applicant is then asked to deal with the complaints. What kind of selection device is being used the kind of selection device is being used is behavioral interview
What is selection device?Selected device are tools or technique adopted by human resources during interviews.
Behavioral interview can ask the interviewee about his or her previous experience and how they can use the experience in solving the same situation as presented before them.
Therefore, The kind of selection device is being used is behavioral interview.
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name two methods used to measure inequality of income in a country
The most commonly used inequality measure are the Gini coefficient ( based on Lorenz curve ) and the percentile or share ratios. This measures try to capture overall dispersion of income; how were they tend to people different leavles of importantance on the bottom middle and top end of distribution .
I hope it is helpful for you .
Explain what is meant by the business entity concept?
Consider the following statement: To keep a team organized, it is important that all of the roles and tasks of each specific member are clearly defined and understood. It also is beneficial to ensure that the distribution of assignments is as fairly and evenly distributed throughout the team as possible. ⋯ Lars Tramilton, author at Career Trend You are expected to draft three (2) paragraphs for this reflection. In the first paragraph, explain why you agree or disagree with the statement. In the second paragraph, describe your level of contribution to your team. Mention if you believe that others would agree with your assessment of yourself.
I agree with the statement that to keep a team organized, it is crucial to have clear and well-defined roles and tasks for each team member.
How to explain the informationIn terms of my level of contribution to the team, I consider myself to be an active and dedicated member. I strive to fulfill my responsibilities and meet the expectations placed upon me.
Overall, I believe that agreeing on clear roles and tasks is essential for team organization and effectiveness. By clearly defining responsibilities and ensuring a fair distribution of assignments, teams can foster a productive and collaborative environment. As for my own contribution, I strive to be a reliable and proactive team member, and I believe that others would support this assessment of my role within the team.
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How does marketing help your product or service
Answer:
Marketing informs your customers about the products or services you're offering them. Through marketing, the customers get to know about the value of the products, their usage and additional info that might be helpful to the customers. It creates brand awareness and makes the business stand out.
Explanation:
After the Second STEP in the Operating Cycle the firm has?
Account Receivable
Cash
Inventory
The firm's balance sheet will show an increase in Accounts Receivable and an increase in Cash after the second step in the operating cycle.
A balance sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time. It shows the company's assets, liabilities, and equity, and provides information about the sources of financing and how the assets are being used.
The balance sheet equation is Assets = Liabilities + Equity. This means that the total assets of the company are equal to the total of its liabilities and equity.
The balance sheet is divided into two main sections: the assets section and the liabilities and equity section. The assets section lists the company's assets in order of their liquidity, or how quickly they can be converted to cash. It includes current assets, such as cash, accounts receivable, and inventory, as well as non-current assets, such as property, plant, and equipment.
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After the Second STEP in the Operating Cycle, the firm has Inventory. completed the production of its goods or services and is now ready to sell them to customers.
The Second STEP in the Operating Cycle involves the conversion of raw materials into finished goods or the provision of services to customers. Once the goods or services have been produced, the firm will move on to the Third STEP in the Operating Cycle, which is to sell the finished goods or services to customers. This involves marketing and advertising the products, establishing sales channels, and engaging with potential customers to generate sales. Once the goods or services have been sold, the firm will move on to the Fourth STEP in the Operating Cycle, which is to collect payment from customers for the goods or services sold. This involves invoicing customers, processing payments, and managing any outstanding debts or collections. Finally, the firm will move on to the Fifth STEP in the Operating Cycle, which is to replenish any inventory or resources that were used during the production process, and to prepare for the next production cycle. This involves purchasing raw materials, paying suppliers, and managing inventory levels to ensure that the production process can continue smoothly.
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What is gross pay?
when the cost of living rises
salary before taxes
salary after taxes
legal payment for work completed
Do you intend to make specific contributions to the support of the beneficiary named in this form i-134?.
Form I-134 is used whilst a U.S. citizen or green card holder is of the same opinion to emerge as an economic sponsor of a traveler visa or a K1 and K2 visa.
Who is the beneficiary in I-134?The beneficiary is the foreigner who uses it for an immigration grant. A beneficiary may also report Form I- 134 on behalf of himself or herself
For example, in 2021, a sponsor withinside the U.S. mainland could want to have profits (or assets) of at least $33,125 to cover a petitioner who lives by himself and is sponsoring one immigrant and children (that is, a complete of 4 people)
Thus, Yes, if required a person can make contributions for the support of a beneficiary unless they fulfill the minimum income eligibility criteria given by the Govt.
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Molly and Craig are the original parties to a contract. Craig is obligated to design a Website for Molly. They subsequently make an agreement with Eric that Eric should take the place of Craig and assume all of Craig's rights and duties under the contract. The agreement releases Craig from his obligations under the contract. This agreement is
Answer:
Novation
Explanation:
A novation is an agreement that is made between the two parties. In this, the one-party could take place or we can say the substituting of a new party could be done but the parties could ready for the novation
Here in the given scenario, since the Eric takes the place of Craig and its rights and duties are now with Eric
So this situation represents the novation agreement
If the Crech Republic Central Bank issued more money to help companies buy more foreign manufacturing materials, what impact could this have on the value of the Czech koruna? Select an answer. a. If the money supply increases fattec then the value of goods and services in the economy, the value of the koruna will rise.
b. The increase in the amount of koruna available will lead to banks raising the internet rate they provide to foreign investors.
c. if the money supply increases faster than the value of goods and services in the economy, the value of the koruna will
If the Czech Republic Central Bank issued more money to help companies buy more foreign manufacturing materials, then the impact on the value of the Czech koruna is that- C. if the money supply increases faster than the value of goods and services in the economy, the value of the koruna will fall.
What happens if the money supply increases?An increase in the money supply results in an increase in the number of Czech korunas in circulation. The government could increase the amount of money in the economy by printing new banknotes or by simply increasing the amount of money in the banks’ accounts. The Czech koruna will depreciate as a result of the increase in the money supply.The bank issues money to businesses to purchase foreign manufacturing materials. These businesses would then pay foreign companies for their goods, resulting in more Czech korunas in the economy.The Czech koruna will become less valuable if more money is printed. This is because the volume of korunas in circulation has increased, but the amount of goods and services that can be purchased with them has remained the same, or at least has not increased proportionally. The value of the koruna would have dropped as a result of this discrepancy.Therefore, it is safe to say that if the money supply increases faster than the value of goods and services in the economy, the value of the koruna will fall.
Hence, option c. is correct.
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On January 1, 2017, Alpha Company purchased a significant influence shares investment in the Bravo-Zulu Company for $250,000. This investment balance represents 25% of the equity of the Bravo-Zulu Company. During 2017, Bravo-Zulu Company reported Net Income of $25,000 on November 15, 2017 Bravo-Zulu Company paid cash dividends of $10,000 to its shareholders. Using this information, what are the FY 2017 balances in Alpha Company's account balances for: a. Investment in Bravo-Zulu b. Investment Income
Answer:
a) $253,750
b) $6,250
Explanation:
Alpha company purchased shares in Bravo-Zulu company for $250,000
This represents 25% of the equity of Bravo-Zulu company.
In 2017, Bravo-Zulu Company Net Income = $25,000 on November 15, 2017 Bravo-Zulu Company paid cash dividends of $10,000 to its shareholders.
The FY 2017 balances in Alpha Company's account balances are:
a) For investment in Bravo-Zulu
= $250,000 + net income - share in dividend.
= $250,000 + ($25,000 * 25%) - ($10,000 * 25%)
= $250,000 + $6,250 - $2,500
= $253,750
b) For investment income
= $25,000 * 25%
= $6,250
celia works as an articling student with a large law firm. her wage increased from $30 per hour to $40 per hour. she can work up to 50 hours each week. the table below shows her utility from different levels of leisure and income. if celia continues to work 50 hours per week after her raise, the raise will increase her utility by:
Celia works as an articling student with a large law firm. Her wage increased from $30 per hour to $40 per hour.
She can work up to 50 hours each week. The table below shows her utility from different levels of leisure and income. If Celia continues to work 50 hours per week after her raise, the raise will increase her utility by $160 per week. How is Celia's utility affected by the increase in her hourly wage? Utility is a measure of satisfaction or happiness derived from the consumption of goods or services. The marginal utility of money refers to the amount of satisfaction gained by receiving a small increase in income or wealth. When Celia's hourly wage increases from $30 to $40, the marginal utility of money increases. Celia's leisure time is inversely proportional to her hourly wage. As her hourly wage increases, she will be more likely to work more hours and have less leisure time. Celia's weekly earnings will increase from $1500 (50 hours x $30 per hour) to $2000 (50 hours x $40 per hour). Assume that Celia is currently working 40 hours per week and has a marginal utility of $40 for each additional hour she works. If Celia continues to work 50 hours per week after her raise, her marginal utility from working is higher than her marginal utility from leisure by $160 per week. This amount of money is calculated as follows:$160 = ($40 per hour x 10 additional hours per week) - ($40 per hour x 40 hours of leisure time) Therefore, the raise will increase Celia's utility by $160 per week.
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if the mean is 32 and the median is 40 what would be value of mode
Answer:
Step-by-step po:
3 Median = Mode + 2 Mean
Given: Mean = 30 / Mode = 40
Now: 3 Median = Mode + 2 Mean
=> 3 Median = 40 + 2 (30)
=> 3 Median = 40 + 60
=> 3 Median = 100
=> Median = 100/3
=> Median = 33.3
Explanation:
a broker-dealer located in state a has all of its agents registered in state a. the broker dealer has no office in neighboring state b. the broker-dealer would be required to register in state b if its clients in state b
If the broker-clients dealer's in State B were exclusively State B government officials, then State B would require that the broker-dealer register there.
Broker-dealers are exempt from registration in a State if they do not have an office there and exclusively conduct business with institutional clients there. Institutional clients include broker-dealers, financial advisors, and organizations that accept deposits, such as banks. On the other hand, because the broker-dealer is now working with "ordinary investors," the sale of securities to State B government employees would necessitate the broker-registration dealer's in the State.
Does the FINRA require broker-dealers to register?Both businesses and individuals must be registered with FINRA to transact securities and do business with the investing public in the United States. To become a FINRA-registered broker-dealer, a company must apply and complete specific membership requirements.
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Identify at least one benefit and one disadvantage of both "simple" and "compounding"
interest. What are some of the reasons why someone might choose simple interest over
compounding interest? Why would one choose compounding interest over simple
interest? Given the information you have from the article, and other sources, which
would "you" choose, and why.
An advantage of simple interest is that it is simpler to understand and cheaper. Regarding the disadvantages, they are associated with the difficulty of being found and in case of delay there are higher associated fees.
Compounding interest, on the other hand, has the benefits of investment advantages, as funds grow more than simple interest over a period of time. The disadvantages are related to cost, which depending on economic factors can increase or decrease.
How to make good investments?Is necessary for the investor to be aware of the risks inherent in any investment, so the ideal is that the investment portfolio is varied, to mitigate the risks. Some other important tips are carrying out financial planning, knowing your investor profile and the discipline necessary to manage your investiments in an advantageous and profitable way.
Therefore, if a choice had to be made to invest, perhaps compound interest would be a better option, as it has a higher yield over time.
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If you saw an advertisement for an electric car that boasted 500 miles between battery charges, what form of non-price competition would that be?.
Non-price competition is a marketing strategy in which one firm tries to distinguish its product or service from competing products on the basis of attributes like design and workmanship. Consequently, the answer is:
advertisement- physical characteristicsAdvertisingThe most common or basic form of non-price competition is advertising. Non-price competition in economics consists of expenditures that are promotional such as sales promotion, coupons, advertising, and others. It also consists of the development of the new products, marketing research, and costs of brand management.
Therefore, the correct answer is given above.
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Suppose a profit-maximizing monopolist is producing 800 units of output and is charging a price of $40 per unit. a. If the elasticity of demand for the product is-2, find the marginal cost of the last unit produced. b. What is the firm's percentage markup of price over marginal cost (Lerner Index)? c. Suppose that the average variable cost for each unit produced is $15 and the firm's fixed cost is $2000. Find the firm's profit.
a. The marginal cost of the last unit produced is $20.
b. The firm's percentage markup of price over marginal cost (Lerner Index) is 100%.
c. The firm's profit is $12,000.
a. A profit-maximizing monopolist will produce at the quantity where marginal revenue equals marginal cost. Marginal revenue is calculated as follows:
Marginal revenue = Price x (1 + 1/Elasticity of demand)
= $40 x (1 + 1/-2)
= $20
Therefore, the marginal cost of the last unit produced is $20.
b. The firm's percentage markup of price over marginal cost (Lerner Index) is calculated as follows:
Lerner Index = (Price - Marginal cost) / Price
= ($40 - $20) / $40
= 100%
Therefore, the firm's percentage markup of price over marginal cost (Lerner Index) is 100%.
c. The firm's profit is calculated as follows:
Profit = Total revenue - Total cost
= (Price x Quantity) - (Average variable cost x Quantity + Fixed cost)
= ($40 x 800) - ($15 x 800 + $2000)
= $12,000
Therefore, the firm's profit is $12,000.
The firm is making a profit of $12,000. It is charging a price of $40 per unit, which is twice the marginal cost of $20. The firm's percentage markup of price over marginal cost (Lerner Index) is 100%.
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4. What difference does it make if the United States is viewed as a
land of victims or a land of opportunities?
Answer:
America is known as the land of opportunity, where one could achieve anything they put their mind to, no matter who they are. Thousands of people immigrate to the United States every year from different parts of the world to have access to these kinds of opportunities. This is what is known as "the American dream".
Explanation:
Answer each of the following questions.
1)If a 10% increase in price leads to a 40% decrease in quantity demanded, what is the value of price elasticity of demand? Show your work.
2)Which of the following will cause the demand for a good or service inelastic?
Having few substitutes
A longer time period
Being a luxury
Being a large share of the consumer's budget
3)If the price elasticity of demand is equal to 0.5, is demand elastic, inelastic, or unitary elastic?
4)Will a perfectly elastic supply curve be vertical, horizontal, or upward-sloping?
5)What price elasticity of supply will lead to a smaller increase in quantity when price changes— elastic, inelastic, or unitary elastic?
1. The value of price elasticity of demand if there's a 10% increase in price leads to a 40% decrease in quantity demanded is 4
2. The cause of the demand for a good or service inelastic is "Being a large share of the consumer's budget". option D
3. If the price elasticity of demand is equal to 0.5, is demand to be "inelastic".
4. The perfectly elastic supply curve is horizontal.
5. The price elasticity of supply which will lead to a smaller increase in quantity when price changes is inelastic.
How to calculate price elasticity of demandPrice elasticity of demand = % change in demand / % change in price
= 40% / 10%
= 0.4 / 0.1
= 4
Inelastic demand refers to a situation in which consumers demand for goods and services does have a proportional change with a change in price.
A perfectly elastic supply curve is the curve in which the supply curve is horizontal.
In conclusion, the price elasticity of demand is the best degree of responsiveness of demand to a change in price.
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