Question 6 of 20
A product with a high level of elasticity of demand has which feature?
A. Demand for the product consistently falls over time.
B. Demand for the product rises and falls depending on
circumstances.
C. Demand for the prodt consistently rises over time.
D. Demand for the product is limited to a very small group of
Answers
A product with a high level of elasticity of demand has the feature of the B. Demand for the product rises and falls depending on circumstances.
What is Elasticity of Demand?This refers to the extent to which there is a price change that causes a product to have a change in demand.
Hence, we can see that when there is a high elasticity of demand, it is usually because there is a variable change in the quantity demanded in relation to its price and this means that B. Demand for the product rises and falls depending on circumstances.
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half of the answers im getting from here are wrong for the edmentum/plato questions, therefore making me fail my tests. id appreciate if people would stop posting the wrong answers
Answers
S
Select the correct text in the passage.
Which sentence describes equilibrium in supply and demand?
A cell phone manufacturing company decided to use a price-skimming strategy to enter the market. It set the price of its phones at $450. However, a range of other
premium smartphones was already available in the market, and thus the product did not achieve a good demand. Eventually, when the price of the phone fell to $300,
demand for the product increased and profits began to soar. Now, market research suggests that if the company reduced its price to $275, the quantity demanded would
also rise. The rise in demand was predicted to be 30 percent. However, a profit study revealed that to increase demand, it would have to compromise on profits. Thus, the
company decided to leave the price at $275. This would help them gain enough customers to make a profit while also manufacturing enough phones to meet demand.
Answers
The statement "Eventually, when the price of the phone fell to $300, demand for the product increased and profits began to soar." describes an equilibrium in supply and demand.
What is an equilibrium in supply and demand?This refers to a situation whereby there is a balance in market supply and demand balance which as a result prices become stable.
Because there is a fall in phone price made the demand for the product increased and profits began to soar, this is an example of an equilibrium process.
Therefore, the Option C is correct.
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The activities needed to operate a business can be divided into a number of
Answers
The activities needed to operate a business can be divided into a number of three types of activities. These are operating, investing, and financing activities.
What are business activities?Business activities can be defined as kinds of activities firms conduct for achieving their purpose. It helps in generating revenues and ensuring business continuity.
The major three types of activities are operating, investing, and financing activities. Operating activities support the entity's primary purpose. Financing deals with collecting funds for financial strength and growth. Investing activities are when a business invests in long-term assets.
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write the uses of apron
Answers
Answer:
Its simple .
Explanation:
We use apron to cover the body so that we can remain clean and any dust free while doing daily chores like cooking ,sweeping ,etc
Answer:
We use aprons to protect ourselves from greases, sauce, and other messy things while cooking or eating. They can also be used around the house to prevent similar things.
In a two-player, one-shot simultaneous-move game each player can choose strategy A or strategy B. If both players choose strategy A, each earns a payoff of 500. If both players choose strategy B, each earns a payoff of 100. If player 1 chooses strategy A and player 2 chooses strategy B, then player 1 earns 0 and player 2 earns 650. If player 1 chooses strategy B and player 2 chooses strategy A, then player 1 earns 650 and player 2 earns 0.
a) Write the above game in normal form.
b) Find each player’s dominant strategy, if it exists.
c) Find the Nash equilibrium (or equilibria) of this game.
d) Rank strategy pairs by aggregate payoff (highest to lowest).
e) Can the outcome with the highest aggregate payoff be sustained in equilibrium? Why or why not?
Answers
Answer:
a) The normal-form game with the two-player, one-shot, simultaneous–move game with each player choosing strategy A or strategy B along with the possible outcome is given by: (see attached image)
b) Dominant strategy is the strategy of a player which provides maximum payoff to the player irrespective of other player's actions.
Player 1 dominant strategy = when he chooses strategy B
Player 2 dominant strategy = when he chooses strategy B
c) Nash equilibrium is the strategy set of the players in which no individual player can be better off by deviating from their own strategy, given the other player's strategy.
Strategy A is the Nash equilibrium
d) AA = $800
AB , BA = $700
BB = $400
e) Yes because the Nash equilibrium is the same as the highest ranking strategy pair (AA = $800)
Free Internet?
Everyone should have free Internet access to education, news, jobs, and more.
The graph plots education and news on the x-axis and other goods and services on the y-axis.
Draw the economy's PPF before the Internet and label it PPF0.
Draw the PPF after the arrival of the Internet if the effect on education and news is greater than on other goods and services. Label it PPF1.
Answers
Answer:
graph below
PPF shifted rightward, but shift on education and News is higher because effects of Internet is higher in Education and News
Explanation:
With the Internet, more education and news and more other goods and services can be produced. The production of other goods and services increases by less than the increase in education and news when all resources are used. The PPF shifts outward.
When creating a stacked chart to portray the breakdown of the income statement, the following item is not included
Answers
The Net income is the item that will not be included when creating a stacked chart to portray the breakdown of the income statement.
What is a stacked chart?This refers to a column chart where multiple series of the data representation are stacked over each other.
Because the Net income is an item that is derived at the conclusion of an income statement, its will not be included when creating a stacked chart to portray the breakdown of the income statement.
Missing options "Revenue COGS Salaries 15 Marketing Rent Pr Tax View Marked Questions Net Income"
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If a recent ad deterred you from buying the product, describe why. How would you change it? Share a link if you can (please be sure it's appropriate).
Answers
Some reasons why an ad deterred a consumer from buying a product could be lack of information or jarring communication.
How to build an effective ad?It is essential that the marketing team develop a strategy to engage your potential consumer. For this, it is necessary to align the language and ideas contained in the ad to have the expected effect on the consumer, in addition to identifying the ideal channel for placement.
Therefore, publicity and advertising are essential to generate value for a brand and reach the consumer.
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Pretty lady cosmetic products has an average production process time of 40 days. Finished goods are kept on hand for an average of 15 days before they are sold. Accounts receivable are outstanding an average of 35 days, and the firm receives 40 days of credit on its purchases from suppliers. Assume sales of $1,200,000 and cost of goods sold of $900,000. Determine the average investment in accounts receivable, inventories, and accounts payable. What would be the net financing need considering only these three accounts
Answers
Based on the sales, cost of goods, and days on average, the average investment of Pretty Lady Cosmetics is:
Average Receivables - $115,068.50.Average Inventories - $36,986.30.Average payables - $96,630.14.Net financing needs - $53,424.66.What are the average investments for Pretty Lady Cosmetic Products?The Average Receivables are:
40 days = Average AR ÷ (1,200,000/365)
= $115,068.50
The Average Inventories:
15 days = Average inventory ÷ COGS per day
15 = Average inventory ÷ (900,000 / 365)
= $36,986.30
The Average payables:
40 days = Average payables ÷ COGS per day
40 = Average payables ÷ (900,000 / 365)
Average payables = $98,630.14
Net financing needs:
= Average Inventories + Average Receivables - Average payables
= 115,068.50 + 36,986.30 - 98,630.14
= $53,424.66
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A order comes in for two bean burritos and one crunchy taco the starter starts grilling the
tortilla...what should the finisher do
Answers
Answer:
assembling them
Explanation:
An order comes in for two bean burritos and one crunchy taco the starter starts grilling the tortilla. Assembling is the best move. This is further explained below.
What is Assembling?Generally, to assemble in one area for a shared objective.
In conclusion, The starter begins grilling the tortilla as an order comes in for two bean burritos and one crispy taco. It's smartest to band together.
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Why do economists pay attention to the balance of trade?
Answers
Economists use the BOT to analyze and measure the relative power of a country's economy. Hence, Economists pay special attention to the Balance of Trade.
Why is a balance of trade vital to the economy?The Balance of trade plays a significant role in the calculation of the Gross Domestic Product of a country. As a part of GDP calculations, exports are brought and imports are subtracted from the total.
The more the change surplus, the more the GDP of a country.
Therefore, Economists use the BOT to analyze and measure the relative power of a country's economy. Hence, Economists pay special attention to the Balance of Trade.
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An example of a quantity restriction is
A.
price supports in agriculture.
B.
an import quota.
C.
the minimum wage.
D.
rent controls.
Answers
An example of a quantity restriction is an import quota. (Option B). See explanation for same below.
What is import quota?Import quotat is a kind of restriction that is used to control the maount of goods that is allowed into a country.
Sometimes it is used to restrict the quality of goods whose consumption the government wants to discourage.
Hence, it is correct to state that an example of a quantity restriction is an import quota. (Option B).
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Suppose that Kyle can get an internship at an investment bank that pays him a stipend of $3,000.00. The internship also provides Kyle with tangible work experience that will help him get a job after graduation. What is Kyle’s economic profit if he continues to work as a painter? Should Kyle keep the painting job or take the internship? Explain your answer.
Answers
Kyle is advised to take up the internship and leave the painting job, as the painting job will not give him tangible experience, which will be beneficial for his career.
What is internship?A program where a person can get training or expertise of a specific area or field by working under a veteran or an expert in the field, whether paid or not, is known as internship.
In the above case, Kyle's internship will pay him a stipend of $3,000 along with tangible experience, which is beneficial for his future.
In the case of painting job he makes economic profit of $3,800 after getting a salary of $4,000 and spends on supplies for $200.
However, the rational profit of Kyle will be,
Painting Job Salary (4000) – Supplies (200) – Stipend from Internship (3000)= $800
Thus, it is beneficial for Kyle to take up internship and leave his painting job. The complete question has been attached as an image for better reference.
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How does Maslow hierarchy of need help marketers to create various marketing strategies. Explain your answer with examples.
Answers
The Maslow hierarchy of need helps marketers to create various marketing strategies because its already provides a way of evaluating the customers' motivations beyond what raw data will give.
What is the Maslow hierarchy of need?The psychological theory established the motivation theory that models the 5 categories of human needs that helps to dictate an individual's behaviour.
The needs of human according to the Maslow Hierarchy includes Self-actualization, Esteem need, love and belonging need, safety need and physiological needs.
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An analyst evaluating securities has obtained the following information. The real rate of interest is 2.8% and is expected to remain constant for the next 5 years. Inflation is expected to be 2.6% next year, 3.6% the following year, 4.6% the third year, and 5.6% every year thereafter. The maturity risk premium is estimated to be 0.1 × (t – 1)%, where t = number of years to maturity. The liquidity premium on relevant 5-year securities is 0.5% and the default risk premium on relevant 5-year securities is 1%.
a. What is the yield on a 1-year T-bill? Round your answer to one decimal place.
b. What is the yield on a 5-year T-bond? Round your answer to one decimal place.
c. What is the yield on a 5-year corporate bond? Round your answer to one decimal place.
Answers
An analyst evaluating securities has obtained the following information, which is mathematically given as
Y1= 4.30%Y5= 6.50%Y5'= 8%What are the yield on a 1-year T-bill, the yield on a 1-year T-bill, and the yield on a 5-year corporate bond?Generally, the equation for Yield on Corporate Bond is mathematically given as
Y= r* + IP + MRP + DRP + LP
Hence
a) For the yield on a 1-year T-bill
Y1== 2.2% + 2.1%
Y1= 4.30%
b) For the yield on a 5-year T-bond
Where
IP= (2.1% + 3.1% + 4.1% + 5.1% + 5.1%)/5 = 3.90%
And
MRP = 0.1*(5-1)
MRP= 0.4%
Y5= 2.2% + 3.90% + 0.4%
Y5= 6.50%
c) For the yield on a 5-year corporate bond
IP = (2.1% + 3.1% + 4.1% + 5.1% + 5.1%)/5
IP= 3.90%
MRP = 0.4%
DRP = 1%
LP = 0.5%
Therefore
Y5= 2.2% + 3.90% + .4% + 1% + .5%
Y5'= 8%
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Which of the
following
statements
would be true if
there was a large
immigrant
population
coming into the
country?
A. The will be a
shortage of workers.
B. There will be a
surplus of workers.
C. Unemployment will
decrease.
9
Answers
Answer:
B...................................
financial
Question7
A flexible manufacturing system is
Answers
Answer:
A flexible manufacturing system (FMS) is a production method that is designed to easily adapt to changes in the type and quantity of the product being manufactured.
can i apply for a bank account without a utility bill because i have all the requirements needed except a utility bill
Answers
Answer:
You dont need it
If the effective annual yield on a bond is equal to the bondʹs coupon rate, the bond will have a market value that is
Select one:
a. below the principal value of the bond.
b. equal to the principal value of the bond.
c. Either A or B may be true.
d. above the principal value of the bond.
Answers
If the effective annual yield on a bond is equal to the bondʹs coupon rate, the bond will have a market value that is equal to the principal value of the bond. Option B. This is further explained below.
What is a bond?Generally, a Bond is simply defined as fixed-income investments such as bonds that reflect a loan from an investor to a borrower, often a corporation or the government.
In conclusion, In this case, the bond's market value will be equal to the principal value of the bond. if the bond's effective yearly yield is equal to the bond's coupon rate
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Why is it important to establish a theme and message to use across all
promotional activities?
A. Using the same theme and message in each promotional piece
means that your overall campaign will be effective.
OB. Using the same theme and message across all promotional
activities means that you don't have to come up with a
coordinated goal.
OC. By repeating the same basic thrust of your message in each
promotional piece, consumers will identify you with that message.
W
D. By sticking with one theme for all promotional activities, you
ensure that you reach your target audience.
Answers
Answer: C
Explanation:
By repeating the same basic thrust of your message in each
promotional piece, consumers will identify you with that message.
Answer:
C. By repeating the same basic thrust of your message in each
promotional piece, consumers will identify you with that message.
Explanation: It makes the most sense
reason why depreciation amount does not include in the receipts
and payments account.
Answers
Answer:
Items such as depreciation, outstanding expenses, accrued income etc. are not shown in receipt and payment account because it is a real account. Only cash transactions are recorded in receipt and payment account.
Which asset is the most liquid?
A. A certificate of deposit
B. An individual retirement account
C. Commercial real estate
D. Residential real estate
Answers
The asset that is the most liquid is a certificate of deposit. This is further explained below.
What is a certificate of deposit?Generally, a certificate of deposit is simply defined as depositors who put money in the bank for a certain period of time being given a certificate of deposit.
In conclusion, The asset that is the most liquid is a certificate of deposit
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If you are in the 15% tax bracket, your whole
income is taxed at that rate.
True
False
Answers
If an individual's income falls at the 15% tax bracket then his/her income is taxed at first 10% and then the excess 5% should be levied in the next bracket.
What is a tax bracket?A tax bracket is the income range made by the tax authorities relating to income earned by taxpayers with different rates of taxes.
According to the US taxation rules, the tax levied on the income of the taxpayer should be in the progressive system, which means, that the income should be charged with the different tax rates and not the one single tax rate. As the tax rates are started from 10%, so at the rate of 15%, it should not be the same rate rather the excess 5% would be levied.
Therefore, the provided statement relating to the imposition of tax is false.
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Santoro co produced a draft statement of the financial position at the year end which showed the owners equity of 4,50,000. It was later discovered however that the following transactions which all occurred on the last day of the financial year had not been taken into account. 1) Property which cost 3,26,000 had been revalued to 3,86,000 2) Inventories which cost 26,000 had been sold on credit for 31,000 3) The owner withdrew 22,000 in cash. 4) The trade receivable paid the amount owing of 23000 in full what will be the revised figure for owners equity after the above transactions are taken into account?
Answers
Based on the revisions to the statement for Santoro Co., the revised figure for the owner's equity would be $493,000.
What is the new figure for owner's equity?The revised figure can be found as:
= Beginning owner's equity + (Property readjustment) + Inventory readjustment - Withdrawals
Solving gives:
= 450,000 + (386,000 - 326,000) + (31,000 - 26,000) - 22,000
= $493,000
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2. A Canadian confectionary company has Indian distributors for a specific small cake product. The distributor has put in a request for the confection to be available with red decorations. This specific cake has become very popular for consumption during several significant holidays. The manufacturer has the food colouring available and has used it on other products it carries. Sales figures for this product are in the growth phase of its life cycle. Should the manufacturer agree to make this change? Describe two considerations with regards to this change.
Answers
Based on the above scenario, Since it is in its growth phase, I believe that the manufacturer should agree to make this changes.
Why agree to the changes?Note that there are regulations on how to use of the existing food coloring and as such it is vital for the company to see or consider this change.
Note that since it is in its growth phase, the product is widely accepted and there are lot of holiday sales.
Therefore, Based on the above scenario, Since it is in its growth phase, I believe that the manufacturer should agree to make this changes.
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A payroll register is a ____
of the payroll records of a company’s employees.
Answers
Answer:
The answer I believe is List
Explanation:
A payroll register is a list of the payroll records of a company’s employees.
What is meant by "lean production"?
Answers
Answer:
Lean production is a production methodology focused on eliminating waste, where waste is defined as anything that does not add value for the customer. Although Lean's heritage is manufacturing, it is applicable to all types of organisation and all an organisation's processes.
Explanation:
The following examples are defined as what kind of property: canals, ponds, machinery, and buildings
Answers
Answer:
And the question is? ...............
what are the main conclusion that can be draw from the Hawthorne experiments
Answers
Answer:
Four general conclusions were drawn from the Hawthorne studies:
Explanation:
1. The aptitudes of individuals are imperfect predictors of job performance.
2. Informal organization affects productivity. ...
3. Work-group norms affect productivity. ...
4. The workplace is a social system.
What are the two major components of a working capital management strategy
Answers
Answer:
The two major components of Working Capital are Current Assets and Current Liabilities. One of the major aspects of an effective working capital management is to have regular analysis of the company's currents assets and liabilities.