Suppose a monopolist practices perfect price discrimination. It will have A. the same total revenue but sell a larger output than if it were not practicing price discrimination. B. a greater total revenue and sell a greater output than if it were not practicing price discrimination. C. a smaller total revenue and sell a smaller output than if it were not practicing price discrimination. D. the same total revenue, but a smaller output than if it were not practicing price discrimination .
Answers
A monopolist that practices perfect price discrimination will have a a greater total revenue and sell a greater output than if it were not practicing price discrimination.
A monopolist is a single seller in an industry. The monopolist produces all the output in the industry. A monopolist has a downward sloping demand curve. She also sets the price for her products
Price discrimination is when the same product is sold at different prices to customers in different markets. Perfect price discrimination is when sellers charge each consumer at their reservation price in order to eliminate consumer surplus. Perfect price discrimination encourages consumers to buy more products. This increases quantity sold.
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Canadian Tire is having an end-of-season sale on barbecues, and only four floor models remain, priced at $299.97,$345.49,$188.88, and $424.97. What is the average price for the barbecues?
Answers
The average price for the barbecues is $314.82.
To calculate the average price for the barbecues, we need to find the sum of the prices and divide it by the total number of barbecues. In this case, we have four floor models with the following prices:
$299.97, $345.49, $188.88, and $424.97
Summing up these prices, we get:
$299.97 + $345.49 + $188.88 + $424.97 = $1,259.31
To find the average, we divide the sum by the total number of barbecues (which is four):
$1,259.31 / 4 = $314.82
Therefore, the average price for the barbecues is approximately $314.82.
Calculating the average price allows us to understand the overall pricing trend for the available barbecues and provides a representative value that summarizes the range of prices.
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True or false: the operations manager is involved primarily with supply network design.
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The activities director is very familiar with a few sorts of plan: procedure, design, job design, supply network design, and organizational design.
In supply chain management, what role does the operations manager play?Supply Chain Management The operations manager is in charge of managing the process of the supply chain by controlling inventory management, the production process, sales, distribution, and locating suppliers who can supply the necessary goods at fair prices.
In terms of operations management, what is network design?The process of building and modeling a supply chain to better understand the costs and time involved in bringing goods to market with the resources and locations available is known as supply chain network design.
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In addition to saving money, what are some other ways you can show financial responsibility?
Answers
Answer:
you could start a savings a acount or a 401k plan to help with future problems or you could save for a new car.
Explanation:
Set financial goals. Take a few minutes to set some money goals.
Educate yourself. Financial savvy is not something you're born with.
Make a budget.
Save money.
Learn about employment benefits.
Establish a credit profile.
Avoid expensive debt.
Why do you think that agriculture and Forestry related occupation and important? Give reasons?
Answers
Answer:
These careers supply us with a multitude of food products and alternative energies, among many other important resources for sustaining our country and contribution to the world economy.
The average U.S. worker is MOST likely to hold about _____ jobs between the ages of 18 and 25. Please choose the correct answer from the following choices, and then select the submit answer button. three two seven five
Answers
In LMX theory, what ultimately determines whether the follower becomes a member of an in-group or an out-group?
Answers
Answer:
d. the leader's perception of the follower
Explanation:
LMX theory stands for leader-member exchange theory and is an approach to leadership that focuses on the two-way relationship that exists between the leaders and followers of a group. Therefore the whether the follower becomes a member of an in-group or an out-group depends on the leader's perception of the follower. Mainly because the leader makes this decision and bases it around what they ultimately think about the follower.
What was FlyDubai’s generic strategy in 2008? Explain the effectiveness of that strategy by citing the literature from the case study. 2. Explain whether FlyDubai has changed their strategies since inception. If yes, support your argument by referring the literature from the case. You are also expected to highlight what made FlyDubai to change their strategies? 3. Explain each one of these strategies and which one of them applies to Fly Dubai? Focused low-cost strategy: Broad differentiation strategy: 4. What is competitive strategy, is fly Dubai competitive and in which ways
Answers
FlyDubai's competitive strategy revolves around cost leadership and differentiation in the budget airline market.
1. FlyDubai's generic strategy in 2008 was a focused low-cost strategy. This strategy involved targeting a specific market segment, in this case, budget-conscious travelers, and providing them with affordable air travel options. The case study literature highlights that FlyDubai aimed to offer low fares, efficient operations, and a simplified customer experience. By focusing on cost leadership, FlyDubai aimed to attract price-sensitive customers and differentiate themselves from full-service airlines in the region.
2. Yes, FlyDubai has changed its strategies since inception. The case study literature suggests that FlyDubai transitioned from a focused low-cost strategy to a hybrid strategy. This change was driven by the need to expand its customer base and capture a larger market share. FlyDubai introduced additional services and products, such as business class seating and increased baggage allowances, to cater to a broader range of customers. The literature does not explicitly mention the specific reasons behind this strategy change, but it can be inferred that it was driven by market dynamics and the need to adapt to evolving customer preferences.
3. The focused low-cost strategy involves targeting a specific market segment and offering products or services at a lower cost than competitors. This strategy applies to FlyDubai in its early years. On the other hand, the broad differentiation strategy aims to differentiate products or services in a way that makes them unique and appealing to a broad customer base. FlyDubai transitioned to a hybrid strategy that incorporates elements of both focused low-cost and broad differentiation strategies.
4. Competitive strategy refers to the plan of action a company adopts to gain a competitive advantage and outperform its competitors. FlyDubai can be considered competitive in the airline industry, particularly in the budget segment, due to its focused low-cost strategy and subsequent hybrid strategy. By offering affordable fares and additional services, FlyDubai differentiates itself from other airlines and attracts price-conscious travelers. Additionally, FlyDubai's efficient operations contribute to its competitiveness by keeping costs low.
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analyze the merits and drawbacks of operating in a mass market.
Answers
Answer:
merits1. Cost efficiency
1. Cost efficiencyMass marketing is a cost-effective option when companies use it to advertise products that consumers consider necessities. Customized advertisements are often expensive compared to mass marketing campaigns. With mass marketing, companies might avoid using resources to contact customers individually.
2. Large scope
2. Large scopeMass marketing campaigns often reach wider audiences when compared to niche marketing techniques. Whereas niche marketing appeals to one specific type of customer, mass marketing targets all consumers in a market. When a company uses mass marketing, it sends each of its advertisements across several channels and has the potential to reach a variety of customers.
3. Brand awareness
. Brand awarenessMass marketing can increase a company's brand awareness. Customers that view a company's mass marketing campaign several times or in a variety of places may have an easier time recognizing the brand and its products. A solid brand image might discourage competition from other companies that use mass marketing and have similar products.
4. Time efficient
Time efficientMarketing teams can save time when using mass marketing techniques. Niche marketing requires professionals to create different advertisement strategies for each marketing segment. Mass marketing reduces the time spent on advertisement creation by using the same campaign for each type of customer.
drawbacks1. Customer experience
1. Customer experienceA customer's experience with a mass marketing campaign may vary depending on factors like their interests, demographics, needs and geographical location. Consumers have different needs and desires, and a single marketing campaign may not fulfill the wishes of each customer. For example, mass marketing may be successful in one geographic area but customers in other regions might not respond positively to it.
2. Inefficient for small businesses
2. Inefficient for small businessesMass marketing may be an inefficient strategy for small businesses. While it's a cost-effective option for large companies, mass marketing can be expensive for small businesses. Small businesses that sell unique products or services may find more success with customized advertisements that appeal to specific audiences.
3. Competition
3. CompetitionCompanies that rely on mass marketing may face competition from businesses that use targeted advertisements. Customers might prefer customized marketing campaigns and specific products rather than a single good or service that tries to appeal to an entire market. Consumers may specialize their searches when looking for a product to purchase and avoid interacting with mass advertisements. Additionally, new companies that try to enter the market may face competition from established businesses that rely on mass marketing to attract a consistent customer base.
which of the following is true concerning the materials price variance? group of answer choices none of these. it is the difference between the actual and standard unit price of an input multiplied by the number of inputs used. it is the difference between the actual and standard unit price of an output multiplied by the number of inputs purchased. it is the difference between the actual and standard unit price of an output multiplied by the number of inputs used. it is the difference between the actual and standard unit price of an input multiplied by the number of inputs purchased.
Answers
The true statement concerning the materials price variance is that it is the difference between the actual and standard unit price of an input multiplied by the number of inputs used.
This means that the variance is calculated based on the actual quantity of materials used in production, rather than the quantity of materials purchased. Option C
For example, if a company uses 100 units of raw materials to produce 1,000 units of output and the actual price paid for the raw materials is $5 per unit, while the standard price is $4 per unit, the materials price variance would be calculated as follows:
Materials price variance = (actual price - standard price) x actual quantity
Materials price variance = ($5 - $4) x 100
Materials price variance = $100 (unfavorable)
In this case, the unfavorable variance of $100 indicates that the company paid more than it should have for the raw materials used in production.
In conclusion, the materials price variance is an important tool used by managers to evaluate the efficiency of their purchasing and production processes.
By monitoring this variance, managers can identify areas where costs can be reduced and efficiency can be improved. Option C
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If a customer shops at your store because it is on his way home from work,
which utility is involved?
O A. Place
OB. Form
O C. Time
OD. Possession
SUBMA
Answers
Answer:
I would say place. Because the store is placed near a road that they need to take to get home this makes the most sense. On the way home from work you wouldn't stop at a store that is entirely out of the way for your usual route home.
Explanation:
Aggie Limo is considering upgrading their fleet of stretch limosines by adding a large flat screen TV. With the flat screen TV, they can charge more money enabling annual revenue for each limosine. There is also a small increase in annual cleaning costs. Flatscreen cost including installation: 1540
Additional annual revenue per car due to flat screen: 832 Additional annual cleaning cost due to flat screen: 148 What is the payback (in years)?
Answers
We must ascertain how long it will take for the additional money brought in by the flat-screen TV to offset the cost of installation and the rise in yearly maintenance expenses in order to calculate the payback period.
The flat screen TV's initial price, including installation, is $1540. The flat screen TV generates $832 more in annual revenue per car, while the higher annual cleaning expenses come out to $148. We divide the initial expense by the net yearly cash flow, which is the difference between the additional revenue and the additional cleaning expense, to determine the payback period: Initial cost x Net annual cash flow equals the payback time. Net annual cash flow is equal to additional revenue minus additional cleaning expenses ($832 minus $148 equals $684). Period of repayment = $1540 / $684 ≈ 2.25 years The addition of the flat-screen TV to the limousine fleet will therefore pay for itself in roughly 2.25 years.
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Your email campaign has an open-rate of 9.6%, and you emailed 25,000 people. How many people opened your email?
Answers
Answer:(25000 × 9.6) / 100
Explanation:
25000 mail is 100% of the email, so 9.6% of them will be the result of the answer i gave
maya has chosen to research the export strategies of several global products. she would consider a good example of a dominant export strategy to be
Answers
International operations strategies that involve import/export or product licencing are referred to as international strategy.
What does "international strategy" mean?
In order to create values through the transfer of core competencies to the worldwide market scene where there are no existing competitors' competencies, the phrase "international strategy" refers to all strategies.
So, we can define international strategy as an international operations plan that makes use of import/export or product licencing.
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SOMEONE HELP ME PLEASE
Which sentence describes a cooperative organization?
Cohen and his friends work in a cooperative organization.
They own and control the functions of the organization.
Their sole motive is to gain profit.
They can trade their stocks in the financial market.
Answers
The statement "They own and control the functions of the organization" best describes a cooperative organization.
A cooperative is when two or more people come together to form an organization or form a business that is democratically run and managed by them alone. This means that it is a united effort by the individuals involved to run a business.
Cooperatives may vary according to the needs and wants of the individuals. But at the same time, the rules and other policies can also be changed to suit the need of the members.Cooperatives represent a much better form of unity and accomplishments, especially for lesser known individuals or less powerful members of the society.Such individuals may be farmers, workers, individual producers, etc. who would unitedly work to accomplish common goals and beliefs.Thus, the correct answer is the second option.A cooperative organization, in short, can be best stated as the unified union or gathering of various individuals with different expertise or dreams with the aim to achieve success. They share the responsibilities among themselves and also control the functions of the organizations equally.
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'Cooperative Organization' is characterized as the 'organization that is either partially or wholly owned and regulated by its employees, customers, or tenants.'
The sentence that appropriately describes such an organization would be:
B). They own and control the functions of the organization.
In a cooperative organization,
The people willingly come forward to accomplish their common needs including various economic, communal, and cultural needs. To serve these purposes, these people collectively own an enterprise/company whose goods and services are used by them only. Each member carries equal power and rights in such an organization Agriculture, utilities, Insurance, Healthcare, etc. are some of the illustrations of such organizations.Learn more about 'Cooperative organization' here:
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To what extent does the payment of commission motivate workers?
Answers
Answer: Encourages employees to work harder
Explanation:
Highly talented professionals in sales and marketing get more out of commission-based pay since their income relies on how hard they work. The more sales they make, the more generous their compensation will be compared to their less motivated counterparts.
PERSONAL FINANCE
What is a deductible? (1 point)
O the maximum amount a policy will pay out in any one year
O the amount paid by the policyholder to the insurer on a regular basis for the policy
O the amount paid by the policyholder before the insurance policy starts paying on the claim
O the amount paid after the deductible has been satisfied and until the out-of-pocket maximum has been reached
Answers
A deductible is the amount paid by the policy holder before the insurance policy starts paying on the claim.
What is Insurance?Insurance is a contract that allows a party to secure its asset from damage and the other party charges a premium and in return when the asset is damaged the amount of the asset is refunded or as directed in the contract.
Policy holder pays annual or monthly premiums which is also known as the deductible, after the payment of deductible the insurance company pays the policy holder as per the terms agreed in the contract.
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Answer: 1. a policy purchased from a company that provides financial protection against financial loss or harm caused by a possible event
2. the amount paid by the policyholder to the insurer on a regular basis for the policy
3. the amount paid by the policyholder before the insurance policy starts paying on the claim
4. Health insurance policies for those who do not have access to employer-provided health plans or who do not qualify for government-provided plans, offered through a marketplace, and purchased by individuals for themselves and their families.
5. Medicare
Explanation: My quizlet name is Aron_Sonn so consider dropping by :)
tqm is a comprehensive approach dedicated to multiple choice continuous quality improvement, training, and customer satisfaction. product innovation and organizational learning, over fast cycles. customer input into management strategy and decision making. strategic measurement of quantifiable goals and quick corrections.
Answers
The organization to achieve high-quality products and services, customer satisfaction, and continuous improvement.
Why will be management strategy and decision making. strategic measurement?The statement "\(TQM\) is a comprehensive approach dedicated to continuous quality improvement, training, and customer satisfaction, product innovation and organizational learning, over fast cycles, customer input into management strategy and decision making, strategic measurement of quantifiable goals, and quick corrections" is a multiple-choice statement, not a question. However, I can provide an explanation of the concepts involved in Total Quality Management (\(TQM\)).
\(TQM\) is an approach to management that focuses on continuous improvement of processes and systems to ensure quality products and services, customer satisfaction, and organizational effectiveness. \(TQM\) involves a holistic approach that includes all aspects of the organization, from top management to frontline employees, suppliers, and customers.
The key principles of \(TQM\) include:
Continuous Quality Improvement: \(TQM\) aims to continuously improve processes, products, and services to meet or exceed customer expectations.Customer Satisfaction: \(TQM\) focuses on meeting and exceeding customer needs and expectations to ensure their satisfaction.Employee Involvement: \(TQM\) encourages employee participation in quality improvement initiatives and provides training to enhance their skills and knowledge.Product Innovation: \(TQM\) promotes the development of new products and services to meet changing customer needs and to stay ahead of competitors.Strategic Measurement: \(TQM\) involves the use of data and metrics to monitor and measure organizational performance, to identify areas for improvement and to track progress.Quick Corrective Actions: \(TQM\) emphasizes quick corrective actions to resolve quality issues and to prevent their recurrence.Customer Input: \(TQM\) involves customer input in the design and improvement of products and services, as well as in the management strategy and decision-making process.Overall, \(TQM\) is a comprehensive approach that integrates multiple aspects.
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Total Quality Management (TQM) is an inclusive approach dedicated to continuous quality improvement, training, and customer satisfaction with crucial aspects like product innovation, organizational learning, and swift corrections
TQM, or Total Quality Management, is an inclusive approach that focuses on continuous quality improvement, training, and customer satisfaction. It is dedicated to effective management strategy by incorporating customer input and focusing on quantifiable goals. Its key facets include product innovation, organizational learning, and quick corrections to maintain quality.
For instance, a company may use TQM to train its employees on the best practices for delivering high-quality customer service, then continuously evaluate and alter those practices based on customer feedback and outcome measures. In effect, product innovation evolves from the process of continuous learning and improvement, leading to customer satisfaction and business success.
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Question 13 Which of the following scenarios depicts intellectual stimulation? O Jane knows her team well, and assigns work based on their different skills and experience levels O Jane's team knows sh
Answers
Intellectual stimulation is described as the practice of encouraging creative thinking and creative problem-solving abilities among the members of a team by challenging and stretching them beyond their current skill level.
Jane's team receives assignments that demand them to learn new skills, technologies and explore fresh ideas and opportunities. A scenario in which employees are encouraged to develop their creativity, critical thinking, and problem-solving abilities is called intellectual stimulation. Intellectual stimulation is frequently used in the business setting to motivate and engage personnel, as well as to encourage a culture of innovation.
By doing so, the team members are empowered and stimulated, allowing them to develop their critical thinking, creativity, and problem-solving skills, which can help them in future job endeavors. In conclusion, intellectual stimulation is necessary to encourage employees to work hard and continuously improve their abilities while also being creative and innovative.
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If bagels and cream cheese are complements and the price of cream cheese increases, what do we expect?
Answers
If bagels and cream cheese are complements and the price of cream cheese increases, we would expect a decrease in the demand for bagels.
Complementary goods are products that are typically consumed together. When the price of one complement increases, it generally leads to a decrease in the demand for the other complement. In this case, bagels and cream cheese are complements, often enjoyed together. If the price of cream cheese increases, consumers may find it less affordable or less attractive to purchase cream cheese.
As a result, they are likely to reduce their consumption of cream cheese. Since bagels are commonly consumed with cream cheese, the decrease in demand for cream cheese would likely lead to a decrease in the demand for bagels as well. This is because the two goods are closely related in consumption, and a change in the price of one affects the demand for the other. Hence, if the price of cream cheese increases, we would expect a decrease in the demand for bagels.
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Discuss the need for blood pressure monitoring in regard to hypo-
or hypertension. What is the normal range for blood pressure?
Answers
Blood pressure monitoring is essential for both hypo- and hypertension. Hypertension, or high blood pressure, is a silent condition that can lead to serious health problems, including heart disease and stroke.
Hypotension, or low blood pressure, can cause dizziness and fainting. The normal range for blood pressure is typically around 120/80 mmHg. Hypertension: Monitoring blood pressure is crucial for detecting and managing hypertension. High blood pressure often has no noticeable symptoms but can cause damage to blood vessels and organs over time. Hypotension: Monitoring blood pressure is important in cases of hypo tension as well. Low blood pressure can result in inadequate blood flow to organs and tissues, leading to symptoms such as dizziness, weakness, and fainting. Normal range: The normal range for blood pressure is typically considered to be around 120/80 mmHg. The systolic pressure (top number) represents the pressure in the arteries when the heart contracts, while the diastolic pressure (bottom number) represents the pressure when the heart is at rest.
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Which type of economy is used by the United States?
HELPPPPPPPPP
Answers
Answer:
mixed economy
Explanation:
The United States has a mixed economy. It works according to an economic system that features characteristics of both capitalism and socialism.
mixed economy
The United States has a mixed economy. It works according to an economic system that features characteristics of both capitalism and socialism
Multiple-Choice Questions on Consolidation Overview [AICPA Adapted]
Select the correct answer for each of the following questions.
1. When a parent–subsidiary relationship exists, consolidated financial statements are prepared in recognition of the accounting concept of
a. Reliability.
b. Materiality.
c. Legal entity.
d. Economic entity.
2. Consolidated financial statements are typically prepared when one company has a controlling interest in another unless
a. The subsidiary is a finance company.
b. The fiscal year-ends of the two companies are more than three months apart.
c. Circumstances prevent the exercise of control.
d. The two companies are in unrelated industries, such as real estate and manufacturing.
3. Penn Inc., a manufacturing company, owns 75 percent of the common stock of Sell Inc., an investment company. Sell owns 60 percent of the common stock of Vane Inc., an insurance company. In Penn’s consolidated financial statements, should Sell and Vane be consolidated or reported as equity method investments (assuming there are no side agreements)?
a. Consolidation used for Sell and equity method used for Vane.
b. Consolidation used for both Sell and Vane.
c. Equity method used for Sell and consolidation used for Vane.
d. Equity method used for both Sell and Vane.
4. Which of the following is the best theoretical justification for consolidated financial statements?
a. In form, the companies are one entity; in substance, they are separate.
b. In form, the companies are separate; in substance, they are one entity.
c. In form and substance, the companies are one entity.
d. In form and substance, the companies are separate.
Answers
Answer: 1. D. Economic entity
2. C. Circumstances prevent the exercise of control.
3. B. Consolidation used for both Sell and Vane.
4. B. In form, the companies are separate; in substance, they are one entity
Explanation:
1. When a parent–subsidiary relationship exists, it can be infered that consolidated financial statements will be prepared in recognition of the accounting concept of economic entity.
2. Consolidated financial statements are prepared when one company has a controlling interest in another unless the circumstances prevent the exercise of control.
3. Based on the information given, in Penn’s consolidated financial statements, it should be noted that Sell and Vane should be consolidated. Therefore, the correct option is B.
4. The best theoretical justification for consolidated financial statements is that in form, the companies are separate while in substance, they are regarded as one entity.
Your options for shipping \( \quad \$ 100,000 \) of machine parts from Hamilton to Malaysia, are: 1) use a ship that will take 30 days at a cost of \( \quad \$ 3,900 \) or 2) truck the parts to Vancou
Answers
To determine which option is more economical, we need to compare the total cost and the holding cost for each option. Comparing the total costs, Option 1 has a total cost of $33,800, while Option 2 has a total cost of $34,800. Therefore, Option 1 is more economical as it has a lower total cost.
a) To determine which option is more economical, we need to compare the total cost and the holding cost for each option.
Option 1: Shipping by ship for 30 days at a cost of $3800.
Holding Cost: 30% of $100,000 per year = $30,000
Total Cost: $3800 + $30,000 = $33,800
Option 2: Trucking to Vancouver and then shipping for 20 days at a cost of $4800.
Holding Cost: 30% of $100,000 per year = $30,000
Total Cost: $4800 + $30,000 = $34,800
Comparing the total costs, Option 1 has a total cost of $33,800, while Option 2 has a total cost of $34,800. Therefore, Option 1 is more economical as it has a lower total cost.
b) The customer issues not included in the data presented include factors such as the urgency of delivery, reliability of shipping methods, and any potential risks or delays associated with each option. Other customer-related factors could include specific requirements or preferences regarding shipping speed, handling, and insurance. Additionally, customer considerations may involve the reputation and reliability of shipping companies or modes of transportation, as well as the potential impact on customer satisfaction and business relationships. These factors can significantly impact the decision-making process and the ultimate satisfaction of the customer.
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The complete question is:
Your options for shipping $100 000 of machine parts from Hamilton to Kuala Lumpur, Malaysia, are (1) use a ship that will take 30 days at a cost of $3800, or (2) truck the parts to Vancouver and then ship at a total cost of $4800. The second option will take only 20 days. You are paid via a letter of credit the day the parts arrive. Your holding cost is estimated at 30% of the value per year.
a. Which option is more economical?
b. What customer issues are not included in the data presented?
Advise someone on the implications of CPA on businesses
Answers
Answer:
Impact of the CPA on businesses
The main function of the Consumer Protection Act now is to protect consumers against product liability. Protection against product liability means that consumers are protected if the product they purchase from you is defective and causes further damage.
Explanation:
Hope it helps! Correct me if I am wrong :>
The W-2 form is a form that tells you______.
1) how often you will be paid.
2) how much Texas you’ve paid in the last year based on how much you’ve earned.
3) how much taxes to withhold from your paycheck
4) how much taxes you owe to the federal government.
Answers
Answer:
2) how much Texas you’ve paid in the last year based on how much you’ve earned.
Explanation:
A W-2 form is a document showing the amount of money that an employee earned in a particular year and the amount of taxes withheld. The form is prepared by the employer and presented to each employer and the tax authorities.
Employees use the W-2 form to file their income tax and FICA taxes, while the tax authority uses the form to track down employee's tax obligations.
why is the demand curve with constant unitary elasticity concave
Answers
The demand curve with constant unitary elasticity is concave because of the nature of unitary elasticity itself.
Unitary elasticity means that the percentage change in quantity demanded is equal to the percentage change in price. In other words, when the price changes by a certain percentage, the quantity demanded changes by the same percentage in the opposite direction. When plotting a demand curve with constant unitary elasticity on a graph, we typically use a logarithmic scale for both the price and quantity axes.
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Bob would like to get his debt-to-income (DTI) ratio down to 36%. His current monthly expenses are outlined in the chart below. He would like to lower his DTI by paying off some of his credit card debt, lowering his combined minimum monthly credit card payment. What would Bob's minimum monthly credit card payment need to be in order to reach his DTI goal of 36%? Bob's Monthly Debt and Income Housing: Mortgage $1,250. 00 (including mortgage insurance and property taxes) Credit: Auto Loan $349. 00 Credit Cards (combined) $348. 00(minimum) Income: Manager $4,800. 00 Interest $130. 00 a. $175. 80 b. $129. 00 c. $228. 00 d. $274. 80.
Answers
A debt-to-income ratio is generally considered as the percentage of gross income of a particular person. A low debt-to-income ration generally defined that people have sufficient income relative to debt servicing.
What would Bob's minimum monthly credit card payment?
The correct option is A.
In order to calculate the debt-to-income ratio, we have to add all the expenses that are paid on monthly basis like loan, credit cards and interest.
In order to know about the minimum credit payments, the percentage of DTI is divided by respective amounts.
Therefore, Bob's minimum monthly credit card payment would be $175.80.
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a. What is the equilibrium price?
$
b. If the current price is $7,
(i) What kind of disequilibrium situation results?
(Click to select) Surplus Shortage
(ii) How large is the surplus or shortage?
units
c. If the current price is $2,
(i) What kind of disequilibrium situation results?
(Click to select) Surplus Shortage
(ii) How large is the surplus or shortage?
units
Answers
The equilibrium price is the price at which the quantity demanded of a good or service equals the quantity supplied in the market. It represents a balance between the demand and supply forces in the market, where there is neither a shortage nor a surplus of the product.
a. The equilibrium price is the price at which the quantity demanded equals the quantity supplied. It is not provided in the given information, so we cannot determine the equilibrium price.
b. (i) If the current price is $7, a surplus situation results.
(ii) The surplus quantity can only be determined if we know the equilibrium quantity. Since the equilibrium quantity is not given, we cannot determine the exact size of the surplus in units.
c. (i) If the current price is $2, a shortage situation results.
(ii) Similar to the previous case, without the equilibrium quantity, we cannot determine the exact size of the shortage in units.
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Lili spent $120 on a new sweater rather than using this money to buy her personal finance textbooks. The cost of doing without the textbooks is called the cost of buying the sweater. Group of answer choices
Answers
Answer:
opportunity cost
Explanation:
The opportunity cost is the cost that is incurred for purchasing any other thing in place of one thing or we can say it is a sacrification done to purchase another thing
Here in the question it is mentioned that the Lil spent $120 for purchasing a new sweater instead of buying her finance textbooks also the cost of buying the sweater is known as the non doing textbooks cost
So here it is a opportunity cost
which manager designs the product in a business
Answers
Answer:
Product Design Management (PDM)Explanation:
Product Design Management (PDM) is one of the most important elements in the successful business of designing innovative products for production.