Because an inverse relationship exists between the price and the quantity demanded the price elasticity of demand is negative
When the price of a good or service increases, the quantity demanded typically decreases and vice versa. This relationship is the basis for calculating the price elasticity of demand, which measures the responsiveness of quantity demanded to changes in price.
While the price elasticity of demand can be negative, it cannot be zero because even small changes in price can affect the quantity demanded.
For example, if the price of a product increases slightly, consumers may still continue to purchase it, but at a reduced quantity. The price elasticity of demand can be calculated using a formula that divides the percentage change in quantity demanded by the percentage change in price.
This allows businesses to better understand how changes in price will impact demand for their product.
To know more about price elasticity refer here
https://brainly.com/question/30161342
#SPJ11
definition of trade-offs?
Answer:
Economics is all about tradeoffs. A tradeoff is loosely defined as any situation where making one choice means losing something else, usually forgoing a benefit or opportunity. We experience tradeoffs in zero-sum situations, when a plus in one area must be a negative in anothe
Explanation:
hope its helpful for if yes mark me as brilliant
Barry Olson has mastered strong technical skills as the manager of a large toy store. He is very skilled at all the aspects of managing the store and the employees of the store. Soon, he will take a new position as regional manager for several toy stores. His boss remarked to him last week that he will be utilizing his _____ skills to communicate, coach, and motivate managers who have positions similar to his old position.
Answer:
human
Explanation:
Human skills are the skills that can be related to one another. The person who have the strong human skills that could easily engaged with the audience, potential customer. ALso at the same time they would able to connect with the people and those people who feel the individual at personally level
So as per the given situation it is a human skills
Which type of chart or graph shows data with distinct x and y values?
O a bar graph
O a scatter plot
O a line chart
O a pie chart
Answer:
A. a bar graph is the answer
Hudson Company reports the following contribution margin income statement.
HUDSON COMPANY
Contribution Margin Income Statement
For Year Ended December 31
Sales (10,900 units at $225 each) $ 2,452,500
Variable costs (10,900 units at $180 each) 1,962,000
Contribution margin 490,500
Fixed costs 387,000
Income $ 103,500
1. Compute break-even point in units.
2. Compute break-even point in sales dollars.
The break-even point in units is 8,600 units.2.
to compute the break-even point, we need to determine the number of units and sales dollars required to cover the fixed costs.
1. break-even point in units:break-even point (in units) = fixed costs / contribution margin per unit
fixed costs = $387,000
contribution margin per unit = selling price per unit - variable cost per unitcontribution margin per unit = $225 - $180 = $45
break-even point (in units) = $387,000 / $45 = 8,600 units break-even point in sales dollars:
break-even point (in sales dollars) = break-even point (in units) * selling price per unit
break-even point (in sales dollars) = 8,600 units * $225 = $1,935,000
Learn more about margin here:
https://brainly.com/question/28481234
#SPJ11
A cab ride costs $3.25 for the first half-mile and $0.70 for each mile after the first half-mile. how far can someone travel for $12? 9 miles 9 miles 13 miles 13 miles 14 miles 14 miles 26 miles
Someone can travel for $12 13 miles.
Formula is, C = 3.25 + 0.70(D - 0.5)
Given values, C = $12
Put these values in formula, C = 3.25 + 0.70(D - 0.5)
12 = 3.25 + 0.7D - 0.35
D = 13
Therefore, someone can travel 13 miles for $12.
Mile, any of diverse gadgets of distance, inclusive of the statute mile of five,280 feet (1.609 km). It originated from the Roman mile, or “thousand paces.
There are 5,280 toes in one mile. Virtually divide 5,280 feet by means of your average stride length to learn how many steps it'll take to walk a mile. In case your common stride length is two feet, for instance, it will take 2,640 steps to stroll a mile.
Learn more about miles here:- https://brainly.com/question/219512
#SPJ4
Which one of the following is most likely to result in an increase in producer surplus in the market for cow's milk? (WITH EXPLANATION PLEASE)
A) consumers switching from cow's milk to soya milk
B) health care highlighting problems of consuming cow's milk
C) an advert highlighting the benefits of cow's milk
D) an increase in indirect taxes charged on cow's milk
On July 1, Robles Metal Products had a beginning inventory of $505,700. During the quarter, goods costing $290,900 were manufactured. The inventory at the end of September was $485,300. During the quarter, Robles' net sales were $759,200. What was the cost of goods sold for the quarter? What was Robles's gross profit for the quarter?
Answer:
Instructions are below.
Explanation:
Giving the following information:
beginning inventory= $505,700
Cost of goods manufactured= $290,900
Ending inventory= $485,300
Net sales= $759,200.
To calculate the cost of goods sold, we need to use the following formula:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 505,700 + 290,900 - 485,300
COGS= $311,300
Now, we can determine the gross profit:
Gross profit= net sales - COGS
Gross profit= 759,200 - 311,300
Gross profit= 447,900
Do you think the current system of punishment for cimes committed in the United States works? Why or why not? What would you change about the system?
Answer:
According to my understanding of the text, the author suggests that the current system of punishment in the United States is not effective, as evidenced by overcrowded jails. They suggest that not everyone who commits a crime needs to be incarcerated and that some may benefit more from rehabilitation or counseling, particularly those who have experienced past traumas or abuse. The author suggests that this approach should depend on the specific crime committed, with substance abuse users being directed towards rehabilitation and juveniles in detention centers being treated differently depending on their offense. The author notes that there is no rehabilitation in incarceration and that it may not be the best option for some offenders. However, for offenders who commit violent crimes such as sex offenders, murderers, and criminals, the author believes that harsh punishment is warranted. The author also disagrees with pardoning drug traffickers and dealers who have not committed violent crimes and believes that they should be incarcerated for their offenses, which they consider to be just as bad as violent crimes.
Pricing Blank______ involve specifying the role of price in an organization's marketing and strategic plans.
Pricing objectives involve specifying the role of price in an organization's marketing and strategic plans.
What are the marketing objectives for pricing?The goals that direct how your company sets prices for your product or service are referred to as pricing objectives. Both new and existing customer pricing can and should follow these goals. The guidance provided by pricing objectives is essential for modifying prices over time to achieve your goals.
There are four types of pricing objectives:
profit-oriented pricing, competitor-based pricing, market penetration and skimming.This action is crucial since pricing is essential to a company's success in achieving its objectives. Defining pricing objectives entails describing the function of price in a company's marketing and strategic plans. The pricing purpose of the company, which may include profit, sales income, market share, unit volume, survival, or social responsibility, influences how much marketing managers charge for a product.
To know more about pricing objectives refer to: https://brainly.com/question/7494900
#SPJ4
Chewer. The state in which Susan lives has a statute prohibiting dogs running at large. All dogs are required to be on a leash whenever they are off the owner's premises. Susan's dog, while not on a leash, visits the home of a neighbor down the street. While there, the dog carries off an expensive pair of shoes belonging to Robert. The shoes are chewed and destroyed. A neighbor informed Robert of what had happened. Robert commented that he never should have left his $300 shoes lying on the deck in the first place but that he expects to be repaid by Susan. Robert found out that the dog had carried away a number of shoes and other articles in the neighborhood, chewing them to pieces. Susan did nothing to warn anyone. Robert thinks that she should be punished for her activities, which would perhaps deter her from allowing the dog to run loose. What type of damages would Robert seek in order to punish Susan and deter her from letting the dog run free in the future
Which firm is most likely to be a natural monopoly?
A pharmaceutical industry is most likely to be a natural monopoly
What are natural Monopoly?A natural monopoly is a type of market that is established on a large scale basis.
It is mostly managed by an individual because of the running cost and the industry will supply goods related to them.
Therefore, A pharmaceutical industry is most likely to be a natural monopoly
Learn more on monopoly below,
https://brainly.com/question/14001668
#SPJ12
How do economists use economic models
Answer:
Economists use economic models to study particular aspects of economic reality. To do so, they develop a simplified model of reality in which only a few variables are included, and everything else is held constant or ignored.
Explanation:
For example, the most famous economic model is the model of supply and demand, which is used to analyze how consumers and producers interact in the market for a good or service, and how this interaction determines the price.
As we can see, in this economic model of supply and demand, many other things like social class or history are left aside, and only a few variables are included.
Three key takeaways from the history of credit in america
The Diners Club Card in 1950 was the first credit card. The Franklin National Bank situated in Long Island, New York, issued the first bank credit card in 1951.
The profitability of credit cards did not last long before others saw it and by 1953, and 60 credit card programs were in the United States.It recorded the ability to pay back debts and proved responsible for their repayment.Following are the key purchases from American credit history:
Credit history is a record of your debt repayment abilities and of your responsibility for repaying it.Includes the number and types of credit accounts you have credited, the duration of your account's opening, the amount owing, the quantity of available credit, whether you pay bills on time, and the number of recent credit requests.You will earn rewards for strong credit history, like cheaper rates on mortgage loans and automotive insurance.Learn more:
brainly.com/question/7536106
Explanation:
I hope this image will help you
What evidence best supports the theme that leadership requires integrity? check all that apply. ""noblest roman of them all"" ""all the conspirators save only he"" ""did that they did in envy of great caesar"" ""in a general honest thought"" ""common good to all"" ""his life was gentle"" ""this was a man!""
Leadership requires integrity; the noblest Roman of them all the conspirators save only he, did that they did in envy of great Caesar.
What does Antony have to say about Ceaser's execution?Antony mentions Brutus when he says that his (Brutus') health was deteriorating. Antony claims that Brutus was the most respected Roman citizen in the world and that he executed Caesar in defense of the Roman Republic.
This is reflected in the reference and each of the backstabbers saves him. Antony argues that Brutus could not have killed Caesar, without properly defending the Roman Republic.
Thus, ""all the conspirators save only he"" and ""did that they did in envy of great Caesar" is the correct statement.
To learn more about Antony, refer to the link:
https://brainly.com/question/6261925
What is a real account?
Answer:
A real account is a publicly generalized account that does not close at the end of the considered year. Apparently, the balances in real accounts are carried over to become the start of balances of the next period. Real accounts are also permanent accounts.
Answer:
Explanation:
A real account is a acccount that’s valid until one year
Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
Read more on jobs here: https://brainly.com/question/26355886
#SPJ1
to attract price-sensitive customers, 7-eleven stores offer $1.00 coffee or iced coffee. this is an example of . a. low-cost strategy b. differentiation strategy c. focused low-cost strategy d. focused differentiation strategy
The strategy of offering $1.00 coffee or iced coffee by 7-Eleven stores is an example of a low-cost strategy.
A low-cost strategy is a business strategy that aims to offer products or services at a lower price than its competitors, while still maintaining a reasonable level of quality.
By offering coffee at a low price, 7-Eleven is attracting price-sensitive customers who are looking for a good deal. This low-cost strategy is effective in attracting customers who may not be willing to pay premium prices for coffee. Additionally, by offering the same low price for both hot and iced coffee, 7-Eleven is able to differentiate itself from competitors who may offer a lower price for hot coffee but charge more for iced coffee.
Overall, 7-Eleven's strategy of offering $1.00 coffee or iced coffee is a prime example of a low-cost strategy, which can be an effective way for businesses to attract price-sensitive customers and gain a competitive advantage in the market.
Learn more about strategy here
https://brainly.com/question/15285486
#SPJ1
Consider the following items on a commercial bank's balance sheet.
An auto loan to an individual is an ASSET to a commercial bank.
Funds borrowed from a credit union in the federal funds market is a LIABILITY to a commercial bank.
A customer's savings deposit is a LIABILITY to a commercial bank.
The bank's required reserve is an ASSET to a commercial bank.
In a commercial bank's balance sheet, an auto loan to an individual is classified as an asset, while funds borrowed from a credit union in the federal funds market are considered a liability. Similarly, a customer's savings deposit is a liability, while the bank's required reserve is an asset.
An Auto loan provided by a commercial bank to an individual is categorized as an asset. This is because the bank expects to receive regular payments and interest over the loan term, generating income for the bank. The auto loan represents a financial claim that the bank holds, which has a positive value and contributes to the bank's overall asset base. On the other hand, funds borrowed from a credit union in the federal funds market are considered a liability for the commercial bank. These borrowed funds represent an obligation for the bank to repay the credit union, typically with interest. Thus, it is recorded as a liability on the bank's balance sheet. A customer's savings deposit, such as a regular savings account, is also classified as a liability for the commercial bank. The bank holds these funds on behalf of the customer, and the customer has the right to withdraw the deposited amount. The bank is obligated to repay the customer upon request, making it a liability. Lastly, the bank's required reserve, which refers to the portion of customer deposits that must be held in reserve by the bank as mandated by regulatory requirements, is considered an asset. Although the bank cannot freely use these reserves, they are still recorded as an asset because they represent funds held by the bank, albeit with certain limitations on their usage.
Learn more about Auto loan here:
https://brainly.com/question/4146696
#SPJ11
a. An analysis of WTI's insurance policies shows that $2,674 of coverage has expired.
b. An inventory count shows that teaching supplies costing $2,318 are available at year-end.
c. Annual depreciation on the equipment is $10,698.
d. Annual depreciation on the professional library is $5,349.
e. On September 1, WTI agreed to do five courses for a client for $3,000 each. Two courses will start immediately and
finish before the end of the year. Three courses will not begin until next year. The client paid $15,000 cash in advance
for all five courses on September 1, and WTI credited Unearned Revenue.
f. On October 15, WTI agreed to teach a four-month class (beginning immediately) for an executive with payment due at
the end of the class. At December 31, $5,653 of the tuition revenue has been earned by WTI.
g. WTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per
day for each employee.
h. The balance in the Prepaid Rent account represents rent for December.
The preparation of WTI Insurance Company's income statement for the year is as follows:
WTI Insurance Company
Income StatementFor the year ended December 31,
Tuition Fees $109,577
Training Fees 48,717
Total Revenue $154,694
Expenses:
Depreciation Expense -Professional Library $5,349
Deprecation Expense - Equipment 10,698
Salaries Expense 49,307
Insurance Expense 2,674
Rent Expense 24,468
Teaching Supplies Expense 7,869
Advertising Expense 7,132
Utility Expense 5,706
Total expenses $113,203
Net income $45,091
How do you prepare Income Statements from Unadjusted Trial Balance?To prepare an income statement from an unadjusted trial balance, you must take into consideration all the necessary end-of-period adjustments.
The adjustments ensure that the financial statements are prepared in accordance with the accrual basis. The accrual concept requires every expense and revenue for the period to be accounted for or recognized, whether received in cash or paid for.
Question Completion with Data from Unadjusted Trial Balance:Tuition Fees $103,924
Training Fees 38,717
Depreciation Expense -Professional Library $0
Deprecation Expense - Equipment $0
Salaries Expense $48,907
Insurance Expense $0
Rent Expense 22,429
Teaching Supplies Expense $0
Advertising Expense $7,132
Utility Expense $5,706
See attachment for more information.
Required: Prepare the income statement to show the net income.
Adjustments:a. Insurance Expense $2,674
b. Teaching Supplies Expense = $7,869 ($10,187 - $2,318)
c. Depreciation Expense - Equipment = $10,698
d. Depreciation Expense - Professional Library = $5,349
e. Training Fees = $48,717 ($38,717 + $10,000)
f. Tuition Fees $109,577 (103,924 + $5,653)
g. Salaries Expense $49,307 ($48,907 + $100 x 4)
h. Rent Expense = $24,468 ($22,429 + $2,039)
Thus, the income statement of WTI's Insurance shows a net income of $45,091.
Learn more about preparing an income statement at https://brainly.com/question/24498019
(a) if total assets increased $151,000 during the year and total liabilities decreased $82,000, what is the amount of stockholders’ equity at the end of the year?
The amount of stockholders' equity at the end of the year is the original amount plus $233,000. The amount of stockholders' equity at the end of the year can be determined by using the accounting equation: Assets = Liabilities + Stockholders' Equity.
If total assets increased by $151,000 during the year, then the new total assets amount would be the original amount plus $151,000. Similarly, if total liabilities decreased by $82,000 during the year, then the new total liabilities amount would be the original amount minus $82,000.
We can plug these new amounts into the accounting equation and solve for stockholders' equity:
New Total Assets = New Total Liabilities + Stockholders' Equity
Original Total Assets + $151,000 = Original Total Liabilities - $82,000 + Stockholders' Equity
Stockholders' Equity = (Original Total Assets + $151,000) - (Original Total Liabilities - $82,000)
Stockholders' Equity = Original Total Assets - Original Total Liabilities + $151,000 + $82,000
Stockholders' Equity = Original Stockholders' Equity + $233,000
Therefore, the amount of stockholders' equity at the end of the year is the original amount plus $233,000.
Know more about Liabilities here:
https://brainly.com/question/18484315
#SPJ11
Dan wants to create a report that contains all fields from a table. Which option on the create tab should he utilize?
Answer:
Blank Report
Explanation:
what is the significance of a variable work schedule? group of answer choices it permits employees to work at times other than the standard five 8-hour days. it allows employees to adapt to a standard working time while performing various kinds of work. it grants only minimal responsibilities to workers, leading to higher productivity. it ensures that workers carry out a variety of duties within a specific time span.
The significance of a variable work schedule lies in its ability to provide flexibility and work-life balance for employees. With a variable work schedule, employees can work at times other than the standard five 8-hour days, which can allow them to adapt to various kinds of work and personal commitments.
This flexibility can lead to improved job satisfaction, reduced stress, and a better work-life balance. Additionally, variable work schedules can benefit employers by increasing productivity, reducing absenteeism, and improving employee retention.
This is because employees are more likely to be engaged and committed when they feel that their employer values their needs and priorities. Ultimately, a variable work schedule can create a win-win situation for both employers and employees, leading to a more motivated and productive workforce.
For more questions on: employees
https://brainly.com/question/27404382
#SPJ11
in terms of course planning, what is bdp an acronym for?
3. Describe a time when you or someone you know experienced stress. What was the
stressor? What were the symptoms? (3-6 sentences. 1.0 points)
Answer
Once before I had to do exams and my father had me watching 3 kids while I was trying to study. I started getting tired and just wanted to give up and go to sleep. I continued trying to study but it was quite a bit of stress on me.
Explanation:
Quentin manages a personal care company that focuses on shampoo, conditioner, and body wash. One of his roles is structuring the company's resources and activities to accomplish its objectives efficiently and effectively. What management function does this example pertain to?
The management function that structures the resources and activities to accomplish its objectives efficiently and effectively is known as Organizing.
What is Organizing in management?An Organizing function means a management function that assembles people, organizes resources and distributes the planned work necessary to carry out the managers plan.
In conclusion, the organizing function is very important because its ensures an effective role-job-fit for every employee in the organization.
Read more about Organizing function
brainly.com/question/8092138
Is profit the same as cash flow?
Answer:
No
Explanation:
Cash flow refers to the money that flows in and out of your business. It's income and expenses.
Profit, however, is the money you have after deducting your business expenses from overall revenue. Both are important, but cash flow is essential to keep your business running in the here and now.
The semi automatic lathe is 10000$ and the automatic lathe is is 100000 in the case what is the best among three options depending on the part quantity range
When deciding between a semi-automatic and automatic lathe, the best option depends on the part quantity range. If the production volume is low and the parts are relatively simple, then the semi-automatic lathe may be the more cost-effective choice.
The initial investment cost is significantly lower, and it requires less operator training and maintenance.
However, if the production volume is high and the parts are complex, then the automatic lathe may be the better option. It can handle larger volumes and more intricate parts with minimal operator intervention. While the upfront investment cost is much higher, it may be more efficient and cost-effective in the long run.
Ultimately, it is important to consider the specific needs of your production process and weigh the costs and benefits of each option. Consult with industry experts and evaluate the potential return on investment before making a decision.
To determine the best option among the semi-automatic lathe and the automatic lathe based on part quantity range, you need to consider the cost of each machine and their production capabilities. Here's a concise comparison:
1. Semi-automatic lathe ($10,000): This machine is more cost-effective upfront, making it suitable for small-scale manufacturing or producing lower part quantities. However, it might require more manual intervention and may not be as efficient in terms of production time.
2. Automatic lathe ($100,000): This machine is more expensive upfront, but it offers higher production efficiency, as it can produce parts with minimal manual intervention. This makes it suitable for large-scale manufacturing or when higher part quantities are required.
To choose the best option, consider the following factors:
- Production requirements: If you need to produce a high quantity of parts quickly, the automatic lathe may be the better choice.
- Budget constraints: If you have a limited budget, the semi-automatic lathe might be more suitable.
- Return on investment (ROI): Calculate the ROI for both machines based on your production needs and costs, and select the option that offers the best ROI over time.
In conclusion, the best choice depends on your production requirements, budget, and expected ROI. For lower part quantities, the semi-automatic lathe may be more suitable, while the automatic lathe is better for higher part quantities or more significant production demands.
To know more about automatic lathe visit:
https://brainly.com/question/31952995
#SPJ11
What is true of both the U.K. and the U.S.? a. Both countries print world reserve currencies. b. Both currencies are used equally in the world FX markets. c. Both countries are highly creditworthy. d. Both countries are heavily reliant on long-term borrowing.
True statements on the U.K. and the U.S. are:
a. Both countries print world reserve currencies. c. Both countries are highly creditworthy. d. Both countries are heavily reliant on long-term borrowing.How are U.S. and U.K. debt similar ?Both the United Kingdom and the United States have world reserve currencies. The British Pound and the U.S. Dollar are considered to be the two most important currencies in the world and are widely used in international trade and finance. They are also used as a store of value by many countries and are held as reserves by central banks.
Both countries do use debt to finance their government and other activities, the extent of their reliance on borrowing can vary over time and be influenced by a variety of economic, political and other factors. However, overtime, they have been highly creditworthy and reliant on long - term borrowing.
Find out more on reserve currencies at https://brainly.com/question/17241172
#SPJ1
__________ is an ethical concern involving behaviorally targeted ads that follow online users even as they move to other websites.
Online tracking is an ethical concern involving behaviorally targeted ads that follow online users even as they move to other websites. Advertisers get benefited from this in terms of effectiveness of the campaign.
The use of ads that follow users online as they visit and switch between different websites raises ethical questions about online tracking. Cookies and web beacons are the types of tracking tools that are used to track how the internet is being used and find out what the users like and dislike.
Users raise questions about privacy and surveillance even though these ads may target a very limited group of people. Users are unaware of how their information is used or shared. They can be afraid and worried about being tracked and watched. Whether online tracking is an appropriate way to use personal information has become a matter of debate.
Know more about online tracking,
https://brainly.com/question/28163536
According to the "Negotiating Family Relationships" website you visited, if you and your siblings receive your allowance according to the amount of chores completed, your family is practicing the ___________ Model of Human relationships a. Equality Matching b. Authority Ranking c. Market Pricing d. Communal Sharing Please select the best answer from the choices provided A B C D.
The type of human relationship which a family practises if it gives allowances based on the amount of chores completed is known as:
C. Market pricingWhat is Market Pricing?This refers to the type of strategy which is based off on the valuation which is given based on the competitive strategy and the value of the product is evaluated in relation to others.
With this in mind, we can see that based on the given description of the family and the allowances received which is based on the amount of chores completed, this is known as market pricing model of human relationships.
Read more about market pricing here:
https://brainly.com/question/8000552