If price rises, what happens to the demand for a product?.
Answers
If the price of a product rises, it typically leads to a decrease in the demand for that product. This relationship is described by the law of demand in economics.
According to the law of demand, all else being equal, as the price of a product increases, the quantity demanded by consumers decreases. This occurs because consumers are generally sensitive to price changes and tend to look for alternative products or reduce their consumption when prices become higher.
However, the magnitude of the decrease in demand can vary depending on the price elasticity of the product. If the product is highly essential or does not have close substitutes, the decrease in demand may be less pronounced
Learn more about economics.
https://brainly.com/question/31640573
#SPJ11
Typically, when the price of a product rises, the demand for that product decreases due to 'the law of demand.' However, exceptions exist in the form of 'Veblen goods' and 'Giffen goods', where the demand might increase when prices rise.
Explanation:In economic theory, when the price of a product rises , typically the demand for that product decreases. This concept is known as the 'law of demand,' which holds that quantity demanded of a good is inversely related to its price, assuming all other factors are held constant. For example, if the price of a loaf of bread increases, consumers may opt to buy a cheaper alternative, reducing the demand for bread. However, this isn't always the case. Certain goods, referred to as 'Veblen goods' or 'Giffen goods,' can see an increase in demand when their prices rise, due to the perception of exclusivity or necessity.
Learn more about Price and Demand here:https://brainly.com/question/18075336
#SPJ12
Related Questions
Scootch Company is considering whether it would be worth it to invest $50,000 to im- prove the company website. They could amortize the costs over four years, at which point the website will probably
Answers
To evaluate whether it is worth it for Scootch Company to invest $50,000 to improve the company website, we need to consider the potential benefits and costs associated with the investment.
First, let's assume that the $50,000 investment is a one-time cost for improving the website. Since it can be amortized over four years, we can allocate $12,500 ($50,000 divided by 4) as an annual expense related to the website improvement.
Now, we need to assess the potential benefits the improved website could bring to the company. These benefits may include increased online visibility, improved user experience, higher customer engagement, and potentially increased sales or conversions.
If the improved website leads to higher sales or cost savings, we can estimate the additional annual income generated as a result. Let's assume the improved website is expected to generate an additional annual income of $15,000 for Scootch Company.
To evaluate the investment, we can use a simple payback period calculation. The payback period represents the time it takes for the initial investment to be recovered through the additional income generated.
Payback Period Calculation:
Payback Period = Initial Investment / Additional Annual Income
Payback Period = $50,000 / $15,000
Payback Period = 3.33 years (rounded to two decimal places)
Based on this calculation, the payback period for the website improvement investment is approximately 3.33 years. This means it would take around 3 years and 4 months for Scootch Company to recoup the initial investment through the additional income generated from the improved website.
Whether the investment is worth it depends on the company's goals, financial situation, and long-term strategy. If Scootch Company expects to benefit from the improved website beyond the payback period and believes it will contribute to the company's growth and competitiveness, then the investment may be considered worthwhile.
It's also important to consider other factors, such as potential ongoing maintenance costs, the competitive landscape, and the company's overall marketing and digital strategy when making the decision. A comprehensive cost-benefit analysis would provide a more detailed assessment of the investment's viability and potential return on investment.
To know more about investment, please click on:
https://brainly.com/question/17252319
#SPJ11
If purchasing power parity held exactly, then the yen would trade at one yen to the dollar. True or False? Explain in no more than two or three sentences.
Answers
False. The statement that the yen would trade at one yen to the dollar if purchasing power parity (PPP) held exactly is false.
Purchasing power parity (PPP) is an economic theory that suggests exchange rates between two currencies should be adjusted to reflect the price levels of goods in each country, ensuring that the same basket of goods has the same cost in different currencies.
If PPP held exactly, it would imply that the exchange rate between the yen and the dollar would be one-to-one. However, in reality, PPP rarely holds exactly due to factors such as transaction costs, barriers to trade, and differences in productivity levels between countries.
Therefore, the statement that the yen would trade at one yen to the dollar under exact PPP is false. The actual exchange rate between the yen and the dollar is determined by various market forces, including supply and demand dynamics, interest rate differentials, economic conditions, and investor sentiment.
Learn more about purchasing power parity (PPP) here: https://brainly.com/question/28199500
#SPJ11
Which type of attention getting strategy runs the risk of being offensive or distracting from your credibility?
a - Ask a question
b - Telling a joke
c - Share a famous quote
d - Share a narrative
Answers
What do you think Anielski means by the phrase
"a depletion of the social capital upon which an
economy depends"? Do you agree with him?
Answers
Answer: yes I agree the him
Explanation:
A management perspective that emerged after World War II and applied mathematics, statistics, and other quantitative techniques to managerial problems is referred to as a(n) political science perspective. Behavioral sciences perspective. Organizational science perspective. Administrative science perspective
Answers
A management perspective that emerged after World War II and applied mathematics, statistics, and other quantitative techniques to managerial problems is referred to as an Administrative science perspective.
Administrative Science Perspective is a management perspective that emerged after World War II and applied mathematics, statistics, and other quantitative techniques to managerial problems. It aimed to create a new discipline that used scientific knowledge to solve administrative problems. Administrative Science Perspective represents the study of organizations and their administration from the perspective of applied behavioral sciences, management science, and operations research.The Administrative Science Perspective tries to answer the following questions:What do managers do?What is the nature of managerial work?What are the key skills that managers require?How can managers be trained to be more effective?What is the role of technology in improving managerial work?How can organizations be structured to improve their efficiency and effectiveness?What are the best methods for measuring and evaluating organizational performance?How can organizational change be managed effectively?What is the role of leadership in promoting organizational effectiveness?
Learn more about quantitative techniques here :-
https://brainly.com/question/31666677
#SPJ11
Prepaid expenses require what type of adjusting entry? Question options: Matched Accumulated Accrued Deferral
Answers
Answer:
deferral
Explanation:
Adjusting entries are when changes are made to already recorded journal entries.
Categories of adjusting entries :
accrued revenuesaccrued expensesunearned revenuesprepaid expensesdepreciation.Prepaid expenses are payments made for services yet to be delivered.
For example, paying for a year's worth of subscription on your streaming service
Prepaid expenses is an example of deferred payment, so the adjustment should be a deferral
there is a growing demand of a firm of architects and engineers in developing countries like Nepal justify
Answers
Answer:
yes the developing countries not only Nepal but India also I am in great need of such wonderful master architects and engineers . To develop their country condition they need search architects and engineers for their development
what are 2 possible reasons for unemployment?
Answers
Answer:
Frictional unemployment.Structural unemployment.____ are the fundamental duties of a job.Essential job functionsMinimum job elementsDominant KSAs
Answers
Essential job functions refer to the core responsibilities and duties that are fundamental to a particular job.
These functions are the primary reason the job exists and are necessary for the job to be performed successfully. Essential job functions typically cannot be removed or altered without significantly changing the nature of the job. It is important to identify essential job functions in job analysis, as they provide the basis for determining job qualifications, performance standards, and reasonable accommodations for individuals with disabilities.
Essential job functions also serve as a basis for compliance with various employment laws and regulations, such as the Americans with Disabilities Act (ADA).
Learn more about Essential job
https://brainly.com/question/5811788
#SPJ4
City Builders is a development company that builds office buildings throughout New York State. They recently completed a project whereby they were able to build 5 additional stories in return for providing a public park behind the building. City Builders benefited from what type of zoning
Answers
Answer:
Incentive Zoning
Some banks pay interest only on the minimum or smallest balance on deposit during an interest period. Helen Lamb had a balance of $783 in such an account on July 1. Annual interest is 2.7% compounded quarterly. She withdrew$170 on August 17 and deposited $200 on September 12. What was Helen’s minimum balance during the quarter?
Answers
Helen's minimum balance during the quarter was $613.
What is Minimum Balance in Account?According to the terms and conditions of the account agreement, a customer is required to keep the smallest amount of money in their account for a predetermined amount of time. This amount is known as the minimum balance in an account. Depending on the type of account and the bank's policies, the minimum balance can be set at a certain amount or it can change.
Plugging in the values, we get:
A = 783(1 + 0.027/4)^(4*(3/12))
A ≈ $791.13
So the balance at the end of the quarter, before the deposit, was about $791.13.
Next, we need to figure out the impact of the withdrawal and deposit:
August 17: Helen withdrew $170, leaving a balance of $783 - $170 = $613.
September 12: Helen deposited $200, bringing the balance to $613 + $200 = $813.
We can conclude that the minimum balance was $613 because the balance on July 1 was higher than the estimated balance at the end of the quarter, which was $791.13.
To know more about Minimum Balance, visit:
https://brainly.com/question/2977924
#SPJ1
May i have the answer for this im not quite sure
Answers
Answer: May I have the answer for this. I'm not quite sure.
Explanation:
Sentences must not run on. Ask the question about getting the answer. THEN in the next sentence and explain why to the teacher.
Large semitrailer trucks cost $105,000 each. A trucking company buys such a truck and agrees to pay for it by a loan that will be amortized with 6 semiannual payments at 15% compounded semiannually. Complete an amortization schedule for the first four payments of the loan. Fill out the amortization schedule below. (Round to the nearest cent as needed. Do not include the $ symbol in your answers.)
Answers
To complete the amortization schedule for the first four payments of the loan, we need to calculate the payment amount, interest expense, principal payment, and remaining balance for each payment. Given the loan amount of $105,000, the number of payments is 6 semiannual payments, and the interest rate is 15% compounded semiannually.
Using the formula for calculating the payment amount for an amortizing loan:
Payment Amount = P * (r * (1 + r)^n) / ((1 + r)^n - 1)
Where:
P = Principal amount of the loan
r = Interest rate per period
n = Total number of payments
We can calculate the payment amount as follows:
P = $105,000
r = 0.15 / 2 = 0.075 (since it's compounded semiannually)
n = 6
Payment Amount = $105,000 * (0.075 * (1 + 0.075)^6) / ((1 + 0.075)^6 - 1)
Payment Amount ≈ $23,854.66
Now, let's fill out the amortization schedule for the first four payments:
Payment Amount Interest Expense Principal Payment Remaining Balance
1 $23,854.66
2 $23,854.66
3 $23,854.66
4 $23,854.66
To calculate the interest expense for each payment, we multiply the remaining balance at the beginning of each payment period by the semiannual interest rate of 0.075.
Let's calculate the interest expense and principal payment for the first payment:
Remaining Balance (P1) = $105,000
Interest Expense (I1) = P1 * r ≈ $105,000 * 0.075 ≈ $7,875
Principal Payment (Prin1) = Payment Amount - Interest Expense ≈ $23,854.66 - $7,875 ≈ $15,979.66
Remaining Balance (B1) = P1 - Prin1
Now, let's complete the amortization schedule:
Payment Payment Amount Interest Expense Principal Payment Remaining Balance
1 $23,854.66 $7,875 $15,979.66
2 $23,854.66
3 $23,854.66
4 $23,854.66
Continue the same process for the remaining payments, calculating the interest expense, principal payment, and remaining balance based on the formulas provided.
Please note that the interest expense is rounded to the nearest cent, and the remaining balance is carried forward to the next payment.
Learn more about amortization from the given link
https://brainly.com/question/10561878
#SPJ11
Marta is twenty eight years old, and she has no dependents. She has saved an emergency fund and an extra $1,500.
She would like to save or invest this money in hopes that it will grow fast. Marta does not mind taking risks with her
money. Which type of account or investment is best for her?
fifteen-year savings bond
IDA
mutual fund
basic savings account earning 1.3 percent Interest, compounded monthly
Answers
Answer:
Mutual Fund
Explanation:
Mutual fund is a type of investment where professionals managed a pooled sum money contributed by different investors. These funds are invested into buying stocks , bonds other securities towards profit making.
It has its advantages in professional management , shared risks, dividends reinvestment and convenience. However , the disadvantages include poor trade execution ,potential for management bias and high fees.
Answer:
The correct answer would be a basic savings account earning 1.3% interest, compounded monthly.
Explanation:
Taking into account that Marta does not like taking risks with her money and does not have an emergency fund she should not invest in stocks. She also wishes to use her money within 18 months, so a fifteen-year savings bond would not be a great choice.
A mutual fund is a collection of money from a group of investors to buy different investments. This choice will also not work well for Marta.
An IDA is an individual development account for low-income families to save towards a targeted amount usually used for building assets in the form of home ownership, post-secondary education and small business ownership. Not a great account for a single person with no dependants.
$1,500 at 1.3% interest, compounded monthly after 18 months equals about $1,520. Even though Marta won't be earning a huge amount of money, she will still earn some. Since she doesn't have an emergency fund and doesn't like risks, a basic savings account earning 1.3% interest, compounded monthly will be the right choice for her.
logical fallacy Well, what form of government do you want, a government by liberal do-gooders ready to spend your hard-earned dollars or a government led by business minds that understand how to live within a tight budget and generate jobs that put people to work. Group of answer choices
Answers
Answer:
i don´t nou sorry
Explanation:
the cpi (base year 1989) for 1990 is 110, for 1991 is 120, and for 1992 is if the base year is changed from 1989 to 1992, what is the cpi for 1990?
Answers
The CPI for 1990 with a base year of 1992 is 91.66. To calculate the CPI for 1990 with a base year of 1992, we need to use a process called chaining. This involves using the CPI values from the two base years to find a common link.
First, we need to find the price index ratio between 1992 and 1989. This is calculated as 100 (the starting point of the base year) divided by the CPI for 1992, which gives us a ratio of 83.33.
Next, we need to use this ratio to adjust the CPI values for 1990 and 1991 to make them equivalent to 1992 prices. To do this, we multiply the CPI for 1990 (110) by the ratio of 83.33, which gives us a chained CPI of 91.66.
Therefore, the CPI for 1990 with a base year of 1992 is 91.66.
To know more about CPI visit:
https://brainly.com/question/17329174
#SPJ11
Granite Stone Creamery sold ice cream equipment for $15,200. Granite Stone originally purchased the equipment for $88,000, and depreciation through the date of sale totaled $70,000. What was the gain or loss on the sale of the equipment
Answers
The selling price ($15,200) is less than the net book value ($18,000), there is a loss on the sale of the equipment. The loss on the sale of the equipment amounts to $2,800.
To calculate the gain or loss on the sale of the equipment, we need to compare the selling price with the net book value of the equipment.
Net book value = Original cost - Accumulated depreciation
Original cost of the equipment = $88,000
Depreciation through the date of sale = $70,000
Net book value = $88,000 - $70,000 = $18,000
Now, let's calculate the gain or loss:
Gain/Loss = Selling price - Net book value
Selling price = $15,200
Net book value = $18,000
Gain/Loss = $15,200 - $18,000 = -$2,800
Since the selling price ($15,200) is less than the net book value ($18,000), there is a loss on the sale of the equipment. The loss on the sale of the equipment amounts to $2,800.
To learn more about Depreciation
https://brainly.com/question/29894489
#SPJ11
(14%) Let A[1..n] be an array of n positive numbers. Entry A[i] represents the trading price of a stock X on the i-th day (and hence the numbers are ordered chronologically). Write an algorithm max-profit that returns a pair (a, b) such that if one buys stock X on the a-th day and sells it on the b-th day, the maximum profit is made. Give the time complexity of your algorithm in Big-O. Show the derivation of the complexity result.
Answers
To solve this problem, we can use a simple algorithm that iterates through the array and keeps track of the minimum price seen so far and the maximum profit.
The algorithm works as follows: Initialize variables: min_price = A[1], max_profit = 0, buy_day = 1, sell_day = 1. Iterate through the array A from the second element to the last: If A[i] < min_price, update min_price = A[i]. If A[i] - min_price > max_profit, update max_profit = A[i] - min_price, buy_day = index of min_price, sell_day = i. Return the pair (buy_day, sell_day). The time complexity of this algorithm is O(n), where n is the size of the array A. This is because we perform a single pass through the array, comparing and updating values in constant time for each element. Therefore, the algorithm has a linear time complexity.
learn more about:- algorithm here
https://brainly.com/question/33344655
#SPJ11
What are three strategies that you can use to make better financial decisions?
(Personal and Family Finance class)
Answers
Investments, Savings, and Expenses are the three basic strategies, which can help a person take better and efficient financial decisions on a personal level.
What are better financial decisions?The strategies to choose the investments in different assets and debt classes will enable a person to increase his chances of gaining better financial returns. The amount of money, a person decides to save for any future requirements will help him out of the financial crises that may take place in his life. The strategy on where to spend and where not to spend will help a person have more disposable income to fulfill the financial needs in the future.
Hence, the strategies for taking better financial decisions are as aforementioned.
Learn more about financial decision here:
https://brainly.com/question/19502030
#SPJ1
What are the similarities and differences between the way that professor porter discusses profits in business and the way that profits are discussed in the unit?
Answers
Porter asserts that a firm's investment value in terms of long-term return on investment depends on how potential sector entrants, customers, replacement goods, suppliers, and rival businesses interact.
More about Porter:
Twenty books and numerous essays by Michael Porter, including Competitive Strategy, Competitive Advantage, Competitive Advantage of Nations, and On Competition, have been published. Among the most important management and competitiveness theorists in the world, Michael Porter founded the modern strategy area.
Professor Porter is the most referenced author in business and economics and a six-time recipient of the McKinsey Award for the best article published in the Harvard Business Review during the year.
Learn more about Michael Porter here:
https://brainly.com/question/5325847
#SPJ4
Explain how credit card companies make money on their cards. what is a credit card issuer?
Answers
A credit card issuer is an unsecured creditor and makes money by imposing charges and fees for transactions one performs to transact via a credit card.
What is a credit card issuer?Credit card issuer is the one who offers such credit facility to the consumer over the credibility of the holder in the market. He is an unsecured creditor, as no collateral is recoverable in case of default by cardholder.
A few ways in which card issuer make money on their cards are as follows:
Charging interest for late payments of credit amountCharging a fee to merchants for accepting payments via cardsPayment gateway feesCharges on withdrawal of cashHence, the ways in which a credit card issuer or a credit card company earns money is in the ways as aforementioned above.
Learn more about credit cards issuer here:
https://brainly.com/question/1160037
Answer:I took the test and got a 100
Explanation:
Credit card companies make money on their cards by charging banks a fee to issue their cards. They also charge merchants to accept their credit cards when customers use them to pay for products and services. Credit card issuers are financial institutions that establish credit accounts for their customers and provide them with a pre-approved credit limit.
trust me it's right
Explain the benefits and drawbacks of stock long-term and short-term investment strategies
Answers
A benefit of short term stock investment is that they are liquid.
A drawback of a short term stock investment is that the returns earned is lower.
A benefit of long term stock investment is that the return is higher
A drawback of a long term stock investment is that are illiquid.
What are short terms and long term stock investments?A stock investment is when an investor buys the stock of a public company. A shareholder is paid dividends. The dividends paid is not paid regularly. Dividends are paid when the net income is in excess and there are no positive investment options for the company.
A short term investment is an investment that is held by the investor for less than 3 years. Short term investments are usually very liquid. This makes the investment easy to sell. Due to the short term of the investments, the returns earned would be low.
A long term investment is an investment that is held for periods greater than 3 years. A long term investment is illiquid. This means that is cannot be easily be sold. Investors are compensated for this illiquidity and thus earn an illiquidity premium. The illiquidity premium increases the return of the long term investment.
To learn more about stocks, please check: https://brainly.com/question/14649952
#SPJ1
A Nike Hoodie has a retail price of $99.00 and it costs the retailer $49.50. What is the mark-up
Percentage?
Answers
Answer:
100%
Explanation:
Mark-up is the difference between selling price and cost price
Selling price =$99.00
Cost price = $49.50
Mark up = $99- 49.50
=$49.50
As a percentage
= $49.50/$49.50 x 100
= 1 x 100
= 100%
What does the term 'user
experience' refer to regarding a
website?
A. the overall ease of navigation and ability to
purchase on a company's website
B. the general experience a customer has when
using a product of a business
C. the customer experience when dealing with
customer service representatives
Answers
Answer:b
Explanation:
“I’ve been at my job for four days, and I’ve already met all my coworkers!” Amber says. Which type of business does Amber MOST likely work for?
Answers
Managers wants to develop an organizational culture that aligns with the firm’s mission and profit margin.
True or false
Answers
According to the research, the correct answer is True. The statement "Managers want to develop an organizational culture that aligns with the firm's mission and profit margin" is true.
What are Managers?It is the person whose job is to coordinate or direct a company or a sector of it, guides the effective management of people and organizational effectiveness.
In this sense, he is dedicated to the coordination and supervision of the actions carried out by other people, ensuring that the work carried out by the personnel under his charge is in tune with the objectives of the company and its organizational culture.
Therefore, we can conclude that according to the research, a manager plans and directs the plans and procedures in the organizational culture.
Learn more about management here: https://brainly.com/question/28535677
#SPJ1
Can anybody help me please? :)
According to O*NET, what is the most common level of education required for Nursery and Greenhouse Managers?
master’s degree
bachelor’s degree
associate degree
high school diploma or equivalent
Answers
Answer:
bachleor's degree
Explanation:
hope this helped
it’s B
i hope it helps
atlas door created competitive advantages in overall low cost leadership and differentiation by creating _____ among value-chain activities. group of answer choices a. linkages
b. disadvantages c. substitutes
d. advantages
Answers
In the following question, among the given options, option- a "linkages" Atlas Door created competitive advantages in overall low-cost leadership and differentiation by creating "linkages" among value-chain activities.
What are the advantages of value chain analysis? The advantages of value chain analysis are:1. The value chain analysis provides a framework for understanding the structure of an industry and how a company fits into that industry.2. The value chain analysis helps managers identify areas where they can reduce costs, improve efficiency, or create differentiation.3. The value chain analysis can help a company identify its core competencies and focus on those areas where it has a competitive advantage.4. The value chain analysis provides a framework for understanding the sources of value creation within a company and how that value is distributed among the different activities.5. The value chain analysis can help managers identify opportunities for strategic alliances or outsourcing to improve efficiency or gain access to new markets.
For more such questions on advantages
https://brainly.com/question/27804374
#SPJ11
HELPPP
As technology continues to become a bigger part of our lives, it is also becoming a big part of the restaurant world with some fast food restaurants even using large touch screens where customers can place their orders, pay at the machine, and then wait for their order number to be called. What are these high-tech machines called?
A. technological food service
B. self-serve food ordering
C. non-restrictive food ordering
D. automated food ordering system
Answers
Answer: self-serve food ordering
Explanation:
Self-service kiosks or self-ordering kiosks are customer-facing devices that allow customers to place orders and make payments without the assistance of a cashier.
Question 8 of 20 Which of the following reasons for writing a formal business document would lead you to write a proposal?
A. To tell your manager a project is on budget and on schedule
B. To summarize what happened during a meeting
C. To convince your manager to use a new meeting organization tool
D. To describe what tasks you completed during the week
Answers
Answer: i say A
Explanation:
Answer:
cc just did it
Explanation: