Irving fisher argued that deflation is the maximum probably to A decrease in aggregate supply.
Deflation is whilst client and asset fees decrease over time and buying energy increases. essentially, you can buy extra items or services tomorrow with the equal sum of money you have got these days. Economists worry about deflation due to the fact falling prices result in decreased client spending, which is a primary factor of monetary increase. groups respond to falling charges by way of slowing down their production, which leads to layoffs and income reductions. This in addition lowers call for and expenses.
In economics, deflation is lower than the well-known charge level of products and offerings. Deflation happens whilst the inflation charge falls below 0%. Inflation reduces the value of foreign money through the years, however surprising deflation will increase it. deflation advantages clients due to the fact they can buy extra items and services with the same nominal earnings through the years. however, no longer every person wins from lower prices, and economists are regularly concerned approximately the outcomes of falling fees on diverse sectors of the economy, especially in financial topics.
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true or false, to advance the progress completion percentage in a smartbook assignment, only one question per concept must be answered correctly
Answer:
FalseExplanation:
A SmartBook assignment's progress completion % may not always be dependent on correctly answering just one question per idea. The requirements for increasing a SmartBook assignment's progress completion percentage can change based on the particular assignment, the course, and the instructor. It could be determined by properly answering a predetermined number of questions overall, a predetermined number of questions in each topic area, or by doing a predetermined number of activities or evaluations inside the assignment. The easiest way to find out the precise requirements for raising the progress completion percentage in a SmartBook assignment is to study the assignment instructions or speak with the instructor.
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g the statement of cash flows is needed to show the total change in cash and the reasons for the change true false
It is true that the statement of cash flows shows how the cash balance changed during a specific time period. Cash flows from operating, investing, and financial operations are displayed.
What Are the Steps in Cash Flow?
Cash flow is the difference between the net amount of money and money equivalents that enters and leaves a business. Inflows and outflows are represented, respectively, by money received and expended.
An illustration of cash flow
Cash flow from operations includes expenditures made in the regular course of business. These cash outflows include things like payroll, the price of goods sold, rent, and energy costs. Cash outflows may vary considerably when corporate operations are highly seasonal.
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in the absence of externalities, which market structure produces the socially optimal quantity?
In the absence of externalities, which marketplace shape produces the socially greatest quantity of Perfect competition.
The required details about Perfect competition are mentioned below paragraph.
The paragraph that follows provides the necessary information regarding the Perfect competition.
Numerous buyers and suppliers compete fiercely, and prices reflect calls for and deliveries. Companies merely make enough money to support their business operations and nothing more. Different businesses may enter the market and drive down prices if they were to make more money. Perfect competition is a standard or the best kind to which actual market structures can be contrasted. Theoretically, perfect competition is the antithesis of a monopoly, in which only one company provides a good or service, and that company can charge whatever price it pleases because customers have no other options and it is difficult for potential competitors to enter the market.
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What are the tax consequences to George if he takes $25,000 out of the traditional IRA and contributes the entire amount into a Roth IRA one week after receiving the distribution?
Tax Payable:
Penalty:
Total:
Tax Payable: George will need to pay taxes on the $25,000 distribution from the traditional IRA. Penalty: If George is under the age of 59 ½, he may also be subject to an early withdrawal penalty. Total: The total tax consequences will depend on George's tax rate and whether he incurs any penalties.
When George takes a $25,000 distribution from his traditional IRA, the amount will be considered taxable income. The specific tax payable will depend on George's tax rate, which is determined by his total income and other factors. The distribution will be added to George's taxable income for the year, potentially increasing his overall tax liability. Additionally, if George is under the age of 59 ½ at the time of the distribution, he may be subject to an early withdrawal penalty of 10% on the amount withdrawn from the traditional IRA. However, there are certain exceptions to this penalty, such as using the funds for qualified higher education expenses or first-time homebuyer expenses, among others. Roth IRA contributions are made with after-tax money, so there won't be an immediate tax deduction for the contribution itself. The tax consequences to George will involve paying taxes on the distribution from the traditional IRA, potentially incurring an early withdrawal penalty if he is under 59 ½, and not receiving a tax deduction for the contribution to the Roth IRA. The exact amount of tax payable and any penalties will depend on George's individual circumstances and tax situation. It is advisable for George to consult with a tax professional to accurately determine his tax consequences in this scenario.
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1:After you compose your message, you need to proofread. The proofreading process may take longer than the composition process. You don’t want to spend a lot of time composing the message and then let poor grammar or punctuation prevent your audience from comprehending it.
What should you do when proofreading a routine document? Check all that apply.
Determine the format of your message.
Read from a printed copy.
Skim over grammatical errors.
Read one line at a time from a screen.
2:Read the following selection, and identify any errors.
Proofreading is an important phase of the writing process. Careful proofreaders check for errors in spelling, grammar, punctuation, names, numbers, and formatting. When checking spelling, do not rely too heavily on your computer’s spell checker.
This selection contains one spelling error and one comma error.
This selection is correct without any revisions.
This selection contains one spelling error and two comma errors.
3:Identify the error or style problem in the following sentences.
Everyone must learn how to work their new computer.
Spelling
Punctuation
Grammar
4:Identify the error or style problem in the following sentences.
Per your request, I am enclosing his comments.
Wordy noun phrase
Trite expression
Redundancy
1: When proofreading a routine document, it is important to check the format of the message, read from a printed copy, and read one line at a time from a screen. Skimming over grammatical errors is not recommended as it may cause some errors to go unnoticed.
By checking the format of the message, you can ensure that it is consistent throughout the document. Reading from a printed copy helps to identify errors that may not be as noticeable on a screen.
Reading one line at a time from a screen can help to catch errors that may have been missed during the initial composition process.
2: This selection contains one spelling error and one comma error. The spelling error is "proofreaders" which should be spelled with two "r's". The comma error is in the phrase "names, numbers, and formatting" where there should be a comma before the conjunction "and".
3: The error in this sentence is in the grammar. The sentence should read, "Everyone must learn how to work his or her new computer." Using "their" as a singular pronoun is grammatically incorrect.
4: The style problem in this sentence is a wordy noun phrase. "Per your request, I am enclosing his comments" can be simplified to "I am enclosing his comments as requested." This eliminates the need for the phrase "per your request" which is redundant.
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The management of a business organization wants to create an organizational structure to maintain ongoing operations and initiate new project
ventures. Which organizational structure should they follow?
O A functional
Ов,
matrix
OC. projectized
OD
all types of organizational structures
Answer:
matrix
Explanation: got it right on the test
Answer:
matrix
Explanation:
plato and edmentum
As an advertising manager of a company, you have been asked to write a proposal stating why the company should advertise and it's benefits to the company
Answer: Advertising helps expand the market of the company to have more people to know about the product
Explanation:
Proposal for advertising; My firm, xyz cooperation would love to handle the publicizing aspect of your product while you go ahead your business. We have been into these business for about 20years, so we understand the challenges that comes with the business and how they are tackled. We are creative and emerging with our services, as we offer them with reasonable and affordable prices, do read through our profile as we look forward working with you
Benefits;
1) We expand your market when we advertise for you
2) We brand your firm with a new look and make consumers get attracted
3) We offer a discount of 15% for new firms and subsequently 5% for consistent customers.
What is something you learned about investing?
Answer:
investing ensures present and future long-term financial security
Explanation:
sana makatulong
If my revenue is one million and my expenses are 1,386,000, what's my profit in percentage
The profit in percentage given the revenue and the expenses is -38.60%
What is the profit in percentage?Percentage is the fraction of a number expressed as a value out of 100. The sign that is used to represent percentage is %. In order to convert a number to percentage, multiply by 100.
Profit is the difference between revenue and expenses. Revenue is the total income earned by a company before any deductions are made. Expenses include all the cost incurred in running a business.
Profit = revenue - expenses
1,000,000 - 1,386,000 = -386,000
Profit in percentage = (profit / revenue) x 100
(-386,000 / 1,000,000) x 100 = -38.6%
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A production process requires a fixed cost of $ 50,000. The variable cost per unit is $ 25 and the revenue per unit is projected to be $ 45. Write a mathematical expression for total profit?
Answer:
y = $ 20 x - $ 50,000
Explanation:
A mathematical expression for total profit can be taken out of the Cost Volume Profit analysis as follows :
Total Profit = Contribution - Fixed Costs
where,
Contribution = Sales - Variable Costs
= $ 45 - $ 25
= $ 20
therefore,
if x units are sold the mathematical expression for total profit y can be determined as :
y = $ 20 x - $ 50,000
organization formed mainly by traders and manufacturers to cater for the interest of their members is
Answer:
A trade association
Explanation:
A trade association is an organization or a group founded by businesses in the same industry. A trade association is created to assist in coordinating activities that improve the welfare of its members. By uniting in an association, firms can lobby for a better business environment from the government.
A trade association allows members to bond and network. It presents an opportunity for members to strategize and exchange important business information.
Smith invests in stocks and securities. Which is the highest regulating body in the country, which acts as an “advocate” for investors like Smith?
A. Financial Industries Regulating Association
B. Securities and Exchange Commission
C. American Institute of Certified Public Accountants
D. Government Accounting Standards Board
E. State Board for Accountancy
Answer:
B. Securities and Exchange Commission
Explanation:
The Securities and Exchange Commission is the government agency that oversees and regulates the financial market for securities: bonds and stocks.
The SEC also regulates the financial information that public companies (companies that trade stock in the open market) present to the public, by demanding the publishing of financial statements every 3 months.
Which type of debt security is always categorized as a current asset? A) available-for-sale debt investments B) trading debt investments C) held-to-maturity debt investments D) Each of these choices can be categorized as long-term if the investor intends to hold the investment for longer than one year.
A) available-for-sale debt investments. available-for-sale debt investments are always categorized as current assets because they are held with the intention of being sold in the near term, typically within one year.
The classification of these investments as current assets reflects their liquidity and the expectation that they will be converted into cash within a short period of time. This classification is in accordance with generally accepted accounting principles (GAAP) and helps provide a clear representation of a company's short-term financial position.
Trading debt investments (B) and held-to-maturity debt investments (C) may be classified as either current or long-term assets, depending on the investor's intent and the specific circumstances surrounding the investments. If the investor intends to hold these investments for longer than one year, they may be classified as long-term assets. However, if there is an intention to sell them within one year, they would be categorized as current assets. Therefore, the correct answer is A) available-for-sale debt investments.
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George has a monthly income gross of 3500 and his monthly debt payments are 325 car payments 290 student loan payment 930 mortgage payment and 400 in credit card payment what is the total debt to income ratio rounded to the nearest percent
A standard rule of thumb is to preserve your ordinary debt-to-income ratio at or under 43%.
What debt-to-income ratio is too high?Debt-to-income ratio is your monthly debt obligations compared to your gross month-to-month income (before taxes), expressed as a percentage. A excellent debt-to-income ratio is less than or equal to 36%. Any debt-to-income ratio above 43% is regarded to be too lots debt.
What is the easiest debt-to-income ratio for a mortgage?Ideal debt-to-income ratio for a mortgage
In phrases of your front-end and back-end ratios, lenders normally seem to be for the best front-end ratio to be no greater than 28 percent, and the back-end ratio, together with all month-to-month debts, to be no greater than 36 percent.
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Your uncle Ben has applied for a loan of $240,000 from a local bank, and he thinks he will get a loan. However, he is not confident that he will get the loan for the entire $240,000. Also, he is not certain of the interest rate. Based on his current financial obligations, he is confident the bank will loan him at least $120,000. Also, he thinks the interest rate could be in the range of 12% to 15%. You do not know what interest rate the bank would charge. In this situation, how would you use the chart given above? Explain.
Answer:
Follows are the responses to these question:
Explanation:
Please find the complete question in the attached file.
Uncle Ben will have to select industrial machinery for customized furnishings, as the NPV of the project have result show to the S loan, such that uncle Ben can gain it if he opts to invest throughout the C loan of just $120,000 from the bank.
In Which only a $240,000 credit by Uncle Ben has also been issued by the bank, it can choose either local furniture exaggerations or regular fabric as Project C and Project S both are positively Verdict.
Describe the last time you made a purchase based on possession utility. What factors influenced your purchase?
Answer: price, reviews of the product, and the overall quality of the item.
Explanation:
Answer:
price, reviews, and quality
Explanation:
Tell me 3 characteristics of money?
1.) durability
2.) acceptability
3.) scarcity
4.) portability
5.)divisibility
6.)uniformity
choose any three u want! :)
Characteristics of Money.
Answer:
(a) Divisibility
(b) Limited supply
(c) Durability
More:
(d) Portability
(e) Acceptability
(f) Uniformity
These are the characteristics of money.
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What are four things you can do during an interview to ensure you project a positive attitude?
Answer:
Make eye contact, smile sometimes, speak respectfully, and thank them for their time after the interview to ensure you reflect a positive attitude.
Explanation:
hope this helps
Four things you can do during an interview to ensure you project a positive attitude are:
Dress for Success.Boost Confidence.Focus on Posture.Smile.How to ensure you project a positive attitude during an interview?Everything depends on how you seem. Even if there is a casual dress requirement and the interview is being conducted by video, choose business clothes. According to Amy Cuddy, a social psychologist at Harvard Business School, standing in a power stance for two minutes can improve your performance and confidence.
This position involves raising your chest, holding your head high, and supporting your arms on your hips. The Power Pose extends to your posture. You might give the impression that you lack confidence by slouching, avoiding eye contact, and moving your body away from the interviewer. Even when you're not in a good mood, smiling will make you feel better. A grin might help you feel more positive as you enter a job interview.
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When inventory costs areâ declining, which of the following inventory costing method will result in the lowest ending merchandiseâ inventory?
A.weightedâaverage
B. firstââin,firstâout
C.specific identification
D. lastââin,first-out
If inventory costs are decreasing, then the inventory costing method that will produce the smallest value for ending merchandise inventory is the Last-in, first-out (LIFO) method.
LIFO assumes that the most recently purchased inventory is sold first. This means that when inventory costs are declining, the oldest inventory is assumed to be sold first, leaving the cheaper, more recently purchased inventory in ending inventory. This results in a lower ending inventory value, which in turn reduces the reported income and tax liability.
In contrast, the weighted-average method smooths out the cost of goods sold and ending inventory by taking into account the average cost of all items in inventory, including older, more expensive inventory. This results in a higher ending inventory value and can lead to higher reported income and tax liability.
First-in, first-out (FIFO) and specific identification methods assume that the oldest inventory is sold first. When inventory costs are declining, this results in the most recent, cheaper inventory being left in ending inventory, resulting in a higher ending inventory value and higher reported income and tax liability.
When inventory costs area declining, which of the following inventory costing method will result in the lowest ending merchandise inventory?
A. weighted average
B. first in, first out
C. specific identification
D. last in, first out
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Word of mouth promotion is also known as what?
Answer:
Word-of-mouth advertising (WOM advertising), also called word of mouth marketing, is the process of actively influencing and encouraging organic word of mouth discussion about a brand, organization, resource, or event.
Explanation:
hope this helps, pls mark brainliest :D
Word-of-mouth advertising is another name for viral marketing.
What is Word-of-mouth promotion?The technique of deliberately influencing and supporting organic word-of-mouth talk about a brand, organization, resource, or event is known as word-of-mouth advertising (WOM advertising), sometimes known as word-of-mouth marketing.
A corporation can reach new audiences and establish a solid brand reputation by using word-of-mouth marketing. Businesses can enhance profitability, draw in new clients, and strengthen their bonds with current consumers by utilizing this distinctive and natural kind of marketing.
The type of rewards utilized has a significant impact on the effectiveness of word-of-mouth marketing. The employment of incorrect incentives to encourage customers or representatives to spread good word of mouth about goods or brands can have negative effects on a business, according to research.
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Select the correct answer. Which utility applies to a company that educates customers about its products' features? OA form utility O B. knowledge utility O C. possession utility D. place utility O E. price utility Reset Next
Answer:place utility
Explanation:
Utility applies to a company that educates customers about its products' features is possession utility. Thus the correct option is C.
What is a product?A product is referred to as a finished good distributed in the market to serve the customers. This product is tangible in nature which consumers can see, touch and utilize.
Possession utility measures the degree of usefulness or perceived value a consumer gets from owning a certain product. Companies must make their products easier to own because this increases the product's perceived value.
Therefore, option C possession utility is the appropriate answer.
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Last week June worked 50.5 hours. She is paid $15.80 per hour for a regular workweek of 44 hours and overtime at time-and-a-half regular pay. a. What were June's gross wages for last week? b. What is the amount of the overtime premium?
June's gross wages for last week were $848.05, and the amount of the overtime premium was $152.85. To calculate June's gross wages and the overtime premium, we need to consider her regular hours and overtime hours separately.
a. Calculation of Gross Wages:
June's regular workweek is 44 hours, and she is paid $15.80 per hour for regular hours.
Regular hours worked: 44 hours
Hourly rate for regular hours: $15.80
Regular wages = Regular hours worked * Hourly rate for regular hours
Regular wages = 44 hours * $15.80
Regular wages = $695.20
b. Calculation of Overtime Premium:
June worked 50.5 hours in total, which means she worked 50.5 - 44 = 6.5 hours of overtime.
Overtime hours worked: 6.5 hours
Overtime rate: Time-and-a-half of the regular pay rate
Overtime wages = Overtime hours worked * Overtime rate
Overtime wages = 6.5 hours * ($15.80 * 1.5)
Overtime wages = $152.85
To calculate the overtime premium, we need to subtract the regular wages from the total gross wages.
Total gross wages = Regular wages + Overtime wages
Total gross wages = $695.20 + $152.85
Total gross wages = $848.05
Overtime premium = Overtime wages
Overtime premium = $152.85\
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Who owns the TD bank? Is it the government?
a u.s. treasury strip that will pay $1,000 in 10 years is selling today for $508.35. what interest rate does the bond offer? (do not round intermediate calculations. enter your answer as a whole percent.)
The bond offers an interest rate of 9%.
The interest rate is computed as shown below:
Future value = Present value ( 1 + r )n
$ 1,000 = $ 422.41 ( 1 + r )10
($ 1,000 / $ 422.41)1/10 - 1 = r
r = 9%.
An interest rate tells you how high the cost of borrowing is, or high the prices are for saving. So, if you are a borrower, the interest rate is the quantum you're charged for adopting a plutocrat, shown as a chance of the total quantum of the loan.
Using the interest rate formula, we get the interest rate, which is the chance of the top quantum, charged by the lender or bank to the borrower for the use of its means or plutocrat for a specific time period. The formula is Interest Rate( Simple Interest × 100)/( star × Time).
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What is cost plus pricing?
Answer:
Cost-plus pricing is a pricing strategy in which the selling price, of goods and services, is determined by adding a specific fixed markup percentage to a singular product's unit cost.
Sample advertisement: Lose body fat and feel healthier with our proven supplement, Edgozene! Losing weight is easy with Edgozene! Just take two pills before each meal. You'll feel more full and eat less. No other diet pill offers what our product does - and for a limited time, if you buy now you can get two bottles of Edgozene for just $29.95! Which of these statements from the advertisement are facts? Check all that apply. A) Losing weight is easy with Edgozene. B) You will lose weight and feel healthier if you take Edgozene. C) You will receive two bottles of Edgozene when you order. D) Edgozene costs $29.95. E) You won’t eat as much if you take Edgozene.
Answer:
C) You will receive two bottles of Edgozene when you order.
D) Edgozene costs $29.95.
Explanation:
We assume that 1 order costs $29.95 and delivers 2 bottles. (That is, we assume that you cannot order 1 bottle for $14.98.) Under that assumption, the cost is $29.95 (D) and the amount delivered is 2 bottles. (C)
There is no way to determine whether any other claims are facts, or not. As a rule, feelings experienced when eating are a function of a lot more than just a diet pill. That is, you may or may not eat less when/if you feel more full.
Answer:
c,d
Explanation:
The share in the company's profit is called_________.
Answer:
profit sharing
Explanation:
From Investopia they define profit sharing as
"A plan gives employees a share in their company's profits based on its quarterly or annual earnings."
Writ (T) for True and (F) for False Statements: All desires of human beings are known as ‘Demand’. Demand is inversely related with income of the consumer. Supply is the quantity which actually brought by the seller to sell in the market. The stock of perishable goods are similar to the supply quantity. Demand curve goes upward to the right, to show inverse relationship between price and demand for good. When the price of Giffen good increases, its’ demand also increases. Income demand means relationship between price and demand quantity. Size of population is also a determinant of demand. Individual demand means all quantity demanded by buyers in the market. Means and willingness are necessary factors to be demand. Fill in the Blanks by Suitable word Two major wheels of the economy are …….. and ……. …. … …. is the desire from sellers side. The major determinant of demand is … … The situations when law of demand is not applicable is known as its …. ….. Beggar’s desire is not regarded as demand, because he may not have … …. When price of one good affects to the demand for other good, this situation is known as … …. Demand is the effective desire backed by …. ….. and ……….. When price of a good increases, its demand …. ….. but the supply …… ….. Those goods, which can be consumed alternatively are termed as …. …… goods. ….… are those goods, whose demand rises when income the consumer decreases.
Answer: (1) F, (2) F, (3) T, (4) F, (5) F, (6) T, (7) F, (8) T, (9) F, (10) T
Please check Explanation below for answers to section 2
Explanation: All desires of human beings are known as demand is False.
(1) Demand is the quantity of goods and services that a consumer is "willing" and "able" to buy at a "given price" and at a "particular point in time." Therefore, that someone desires a beautiful house does not constitute demand, but certain conditions must be present and one of such is his ability (that is money) to buy the house.
(2) Demand is inversely related with the income of the consumer is False.
On the contrary, demand is directly related with the income of the consumer, that is, both variables move in the same direction. Simply put, as the income of the consumer rises, his total demand for a commodity or service will also rise, and likewise if the income of a consumer falls, hos total demand for a commodity will also fall or reduce.
(3) Supply is the quantity which is actually brought by the seller to sell in the market is True.
This is the simplest way to put the definition of supply which is defined as the quantity of a commodity that a seller is willing to sell at a given price and at a given point in time.
(4) The stock of perishable goods are similar to the supply quantity is False.
The supply quantity includes the entire stock of goods that the seller or producer is willing to sell regardless of its status (perishable or not).
(5) Demand curve goes upward to the right, to show inverse relationship between price and demand for good is False.
Demand curve actually slopes downward to the right, and this shows an inverse relationship between quantity demanded and price of a commodity. That means, as the demand increases the price reduces, and as the price increases the demand reduces. This follows the law of demand which states that, "other factors being held equal, the higher the price the lower the quantity demanded and, the lower the price the higher the quantity demanded."
(6) When the price of Giffen goods increases, its demand also increases is True.
Giffen goods also known as inferior goods (or staple foods most often) are such that the consumers of such goods usually do not have better alternatives. Hence as the prices of such goods rise the consumer demands equally rise (contrary to the law of demand).
(7) Income elasticity of demand means relationship between price and demand quantity is False.
Income elasticity of demand is the relationship between the consumer income and the quantity demanded, and it measures the rate of response of the quantity demanded in relation to the rate of change in income.
(8) Size of population is also a determinant of demand is True.
The determinants or factors of demand are those that affect the level of demand, and when the population increases the level of quantity demanded will also increase, and vice versa.
(9) Individual demand means all quantity demanded by buyers in the market is False.
Individual demand is clearly distinct from market demand. Market demand is the totality of all the individual demands for a commodity.
(10) Means and willingness are necessary factors to have demand is True.
Just as explained in number (1) above, demand can only be effective if there is the means (money/resources) and the willingness to make a purchase. If these two conditions are not met, then desire for a commodity alone cannot be termed as demand.
Fill in the blanks by suitable words;
Two major wheels of the economy are Demand and Supply, Supply is the desire from sellers side. The major determinant of demand is Price. The situation when law of demand is not applicable is known as Abnormal demand. Beggar's desire is not regarded as demand, because he may not have ability. When price of one good affects the demand for another good, this situation is known as Substitute goods. Demand is the effective desire backed by Ability and willingness. When price of a good increases, its demand decreases but the supply increases. Those goods which can be consumed alternatively are termed as substitute goods. Inferior or Giffen goods are those good whose demand rises when the income of the consumer decreases.
The wild dogs sell t-shirts and hats at their games. Last season, they sold 152 total items. Hats cost $8. 50 each and t-shirts cost $12. If their total revenue was $1,656, how many of each item did the wild dogs sell? what is true of the system of equations that represents this scenario? check all that apply. One equation represents the total number of items sold using the price of each item as a rate. One equation represents the total number of items sold, equaling the sum of the variables. One equation represents the total revenue using the price of each item as a rate. One variable represents the total games and the other represents the total number of items sold. One variable represents the total hats sold and the other represents the total t-shirts sold.
The wild dogs sell t-shirts and hats at their games. Last season, they sold 152 total items. the truth about the system of equations that represents this scenario is "One variable represents the total hats sold and the other represents the total t-shirts sold." Option E
What is a system of equations?Generally, To solve this problem, you can set up a system of two equations with two variables: let x be the number of hats sold and y be the number of t-shirts sold.
One equation represents the total number of items sold, equaling the sum of the variables: x + y = 152
One equation represents the total revenue using the price of each item as a rate: 8.50x + 12y = 1656
This system of equations represents the scenario where the total number of items sold and the total revenue are known, and the number of hats and t-shirts sold are unknown variables that need to be solved for.
One variable represents the total hats sold and the other represents the total t-shirts sold. This is true because the variables x and y represent the number of hats and t-shirts sold, respectively.
One equation represents the total number of items sold using the price of each item as a rate. This is not true because the equation 8.50x + 12y represents the total revenue using the price of each item as a rate, not the total number of items sold.
One variable represents the total number of games and the other represents the total number of items sold. This is not true because the variables x and y represent the number of hats and t-shirts sold, not the total games or the total number of items sold.
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