If a monopoly or a monopolistic competitor raises their prices, the quantity demanded A: will decline in the short run.
This is because these types of firms have some degree of market power, meaning they are able to set prices above their costs and reduce the quantity demanded without losing all of their customers. As a result, when they raise their prices, some consumers will choose to buy less of their product, which leads to a decline in the quantity demanded in the short run.
However, in the long run, the quantity demanded may also be affected by factors such as the availability of substitutes, changes in consumer preferences, and the entry of new competitors into the market.
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what is it called when a poducer offers a pecentage of his commission to somebody to convince them to buy insurance
The term used when a producer offers a percentage of his commission to somebody to convince them to buy insurance is known as "rebating."
What is Rebating?
Rebating refers to an illicit practice where an agent or a broker offers clients a portion of their commission or other rewards to induce them to purchase insurance policies from them.
It is regarded as illegal in many states of the United States. Rebating is not a prevalent practice in the insurance sector.
Any agent or broker found guilty of offering a rebate or reward for purchasing an insurance policy may face penalties or suspension of their license.
Rebating is thought to be unethical because it puts the interests of the buyer ahead of those of the insurer. In many states, it is against the law to offer rebates.
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which of the following are achieved at the equilibrium quantity of a good or service? multiple select question. allocative efficiency productive efficiency a shortage of the good or service a surplus of the good or service
A: Allocative efficiency and B: productive efficiency are achieved at the equilibrium quantity of a good or service.
At the equilibrium quantity of a good or service, allocative efficiency and productive efficiency are achieved. Allocative efficiency means that resources are allocated in a way that maximizes overall social welfare, where the marginal benefit to society of producing a good or service is equal to its marginal cost. This occurs at the point where the demand and supply curves intersect, which defines the equilibrium quantity.
Productive efficiency means that goods or services are produced at the lowest possible cost, where the cost of producing an additional unit is equal to the marginal cost of production. These two efficiencies are important concepts in microeconomics and provide insight into how markets work and how resources are allocated.
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ou are given the following information concerning two stocks that make up an index. assume the value-weighted index level was 303.98 at the beginning of the year. what is the index level at the end of the year?
The index level at the end of the year is 283.47.
The index level is given by the following formula:
Index level = (P₁Q₁ + P₂Q₂)/divisor
Where, P₁ and Q₁ are the price and quantity of the first stock and P₂ and Q₂ are the price and quantity of the second stock. Divisor is the sum of the quantities multiplied by their respective prices, divided by the initial value of the index.
From the given data, the divisor can be calculated as follows:
Divisor = (38000 x 47 + 34500 x 77)/257.98= 113.8555.
Now, to calculate the new index level, the values of P and Q for the two stocks are to be substituted in the formula. The new values of Q are assumed to be the same as the beginning of year values as they have not been provided.
So, the new index level can be calculated as follows:
Index level = (P₁ x 38000 + P₂ x 34500)/113.8555
Where, P₁ = 52 and P₂ = 83.
So, substituting the values in the above formula, we get:
Index level = (52 x 38000 + 83 x 34500)/113.8555= 283.4673
Therefore, the index level at the end of the year is 283.47 (rounded to 2 decimal places). Hence, the correct answer is 283.47.
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elasticity of demand measures group of answer choices how much buyers respond to a change in income. how much sellers respond to a change in price. how much buyers respond to a change in price. how much sellers respond to a change in income.
Elasticity of demand is defined as the measure of how responsive the quantity demanded of a good or service is to a change in any one of the determinants of demand. Elasticity of demand measures how much buyers respond to a change in price. The change in price of a good or service will lead to a change in quantity demanded of that good or service.
Elasticity of demand can be influenced by various factors such as a change in price, income, and availability of substitutes, among others. When the price of a good or service is increased, the quantity demanded of that good or service will decrease. Conversely, when the price of a good or service is reduced, the quantity demanded of that good or service will increase. Therefore, the elasticity of demand for a good or service can be calculated by dividing the percentage change in the quantity demanded by the percentage change in price. If the value obtained is greater than one, the demand is considered elastic. If the value obtained is less than one, the demand is considered inelastic. Elasticity of demand measures the responsiveness of buyers to a change in price. It helps firms to determine the price of their products and the total revenue earned from the sale of their products. If the demand for a product is elastic, a small change in price will lead to a large change in quantity demanded. Therefore, firms need to be careful when setting the price of their products if they want to maximize their revenue.
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write about the necessary ports and instruments for preparing donat
Many necessary instruments and ports are required to prepare donuts. A mixing bowl is first and foremost required for mixing the contents. For rolling out the dough, you also need a flat surface and a rolling pin.
What are donuts?Donuts, sometimes known as doughnuts, are a type of fried pastry that are normally created with a combination of flour, sugar, yeast, milk, or water. The dough is shaped into a ring, which is deep-fried until the outside is crispy and golden brown.
The donut forms must be cut out with a circular cutter, and the donuts must be fried in a deep fryer or a sizable pot. The fried donuts must also be removed from the oil using a slotted spoon, and any leftover oil must be drained using a dish lined with paper towels. Next, you can decorate and flavor the doughnuts by adding toppings like icing, sprinkles, or powdered sugar.
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if foodservice expenses for one semester of 101 days amount to $695,000 for an operation with 1100 students eating, the daily rate would be
The daily rate of foodservice expenses is $6,318.18
Foodservice expenses for one semester of 101 days = $695,000
Students eating = 1100
To find:
The daily rate of foodservice expenses
Formula used:
Daily Rate = Total expenses / Number of days
Total number of days = 101 days Total expenses = $695,000
Number of students eating = 1100
Therefore, Daily rate = $695,000 / 101 = $6,871.28
But the question asks for foodservice expenses per student eating,So, the daily rate of foodservice expenses per student eating would be:
Daily rate per student eating = Daily rate / Number of students eating= $6,318.18.
Hence, the answer is $6,318.18.
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Whether to use a single item or a measure made up from responses to several items depends on all of the following characteristics of the phenomenon EXCEPT for :a. The level of abstraction of the phenomenon b. The complexity of the phenomenon measured c. The use of the phenomenon in marketing d. The number of dimensions of the phenomenon
The characteristic that does not influence the decision of whether to use a single item or a measure made up of responses to several items is The use of the phenomenon in marketing.(C)
When deciding whether to use a single item or a multi-item measure, you should consider the level of abstraction, complexity, and the number of dimensions of the phenomenon. The level of abstraction refers to how abstract or concrete the concept is. The more abstract it is, the more likely it is that a multi-item measure is needed.
The complexity of the phenomenon measured refers to how many aspects or facets are involved. A more complex phenomenon would require multiple items to capture all aspects. Finally, the number of dimensions refers to how many distinct factors make up the phenomenon.
If there are multiple dimensions, a multi-item measure is more appropriate. The use of the phenomenon in marketing, however, does not directly impact the decision to use a single item or multi-item measure.(C)
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what approach to hiring is being used when a company has a job opening and makes its current employees aware of the opportunity?
The approach to hiring being used when a company has a job opening and makes its current employees aware of the opportunity is an internal recruitment process.
This is a process in which current employees can apply for the job and may be given priority over external candidates. The internal recruitment process is beneficial for the company as it can bring a range of advantages, such as:
The company has a deeper understanding of the capabilities of its current employees, and this can save time in terms of the selection process. The current employees may have an edge over external candidates as they are already familiar with the company culture, work environment and processes. It can be an effective way to retain current employees and can result in increased motivation levels. It can be a cost-effective method of recruitment as the company does not have to go through the costs of advertising and the selection process can be relatively straightforward.On the other hand, there are some potential drawbacks to this approach, such as the potential lack of diversity if current employees are given priority over external candidates and the risk that it could lead to a lack of fresh ideas and perspectives.
Overall, internal recruitment can be an effective and efficient approach for companies to fill job openings when making their current employees aware of the opportunity.
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which type of innovation applies to existing markets and existing technologies? multiple choice question.
The type of innovation that applies to existing markets and existing technologies is called incremental innovation.
Incremental innovation refers to the improvements made to an already-existing product, service, or process that results in the evolution of the product to make it better or more effective.It involves improving on an already-existing product or service by making minor changes to improve its efficiency or functionality. Incremental innovation does not entirely revolutionize an existing product, but it adds value to it.
The following are some of the benefits of incremental innovation:Incremental innovation reduces risk and the cost of research and development. It's less risky since the basic concept has already been established, and it's less expensive since the fundamental concept is already in place.
By introducing new products or services that meet the demands and needs of existing customers, businesses can retain their existing customer base and attract new ones.
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big russia corp. acquired another company, worth brands, paying $95m to acquire all of its assets and liabilities. the balance sheet of worth brands shows assets of $86.4m and liabilities of $15m. the fair value of the assets is $90m and the fair value of its liabilities is $15m. determine goodwill arising from the acquisition. group of answer choices
The goodwill arising from the acquisition of Worth Brands is $20 million.
In the given scenario, Big Russia Corp acquired another company, Worth Brands, worth $95 million to acquire all of its assets and liabilities. The balance sheet of Worth Brands shows assets of $86.4 million and liabilities of $15 million. The fair value of the assets is $90 million and the fair value of its liabilities is $15 million.
We need to determine the goodwill arising from the acquisition. In accounting, goodwill is an intangible asset. It represents the difference between the purchase price of a company and the net value of its assets and liabilities. In simple words, it is the excess amount paid over the fair value of the net assets acquired.
The goodwill represents the value of the acquired company’s brand name, reputation, customer base, and other intangible assets. To calculate the goodwill, we need to use the following formula:Goodwill = Purchase price - (Fair value of assets – Fair value of liabilities)Goodwill = $95m - ($90m - $15m)Goodwill = $95m - $75mGoodwill = $20 million
Therefore, the goodwill arising from the acquisition of Worth Brands is $20 million.
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which of the following is not a strategic priority of the food and drug administration? a. globalization b. promotion c. safety and quality d. regulatory science
The strategic priority of the food and drug administration (FDA) that is not included among the options is A. Globalization.
What is the Food and Drug Administration?
The Food and Drug Administration (FDA) is a regulatory body that regulates food, drugs, medical devices, tobacco products, dietary supplements, and cosmetics to ensure their safety and effectiveness. The Food and Drug Administration (FDA) has several strategic priorities. The following is a brief overview of each one of them:
Regulatory science: The FDA promotes the use of advanced tools and techniques to enhance product safety and efficacy in regulatory science.
Safety and Quality: The FDA works to ensure that goods are safe, high-quality, and effective for their intended use, as well as to encourage innovation and promote competition.
Promotion: The FDA works to improve public health by supporting the growth and development of new medicines, vaccines, and other medical goods through regulatory actions and public education efforts.
As for the option A, globalization, it was not mentioned among the strategic priorities of the FDA.
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if you want to pay a set fee to receive unlimited or reduced-fee legal assistance, you should use a:
If you want to pay a set fee to receive unlimited or reduced-fee legal assistance, you should use a legal retainer.
A legal retainer refers to a fee charged by a lawyer or a law firm to represent a client for a specified period. This fee is paid in advance, which allows the lawyer to provide unlimited or reduced-fee legal assistance to the client. The retainer agreement includes the scope of the legal services to be provided, the fees to be paid, and the duration of the legal representation.
The amount of the legal retainer varies depending on the complexity of the legal case and the location of the law firm. In addition to the retainer fee, the client may still be responsible for other legal costs such as filing fees, expert witness fees, and court fees. However, the retainer fee is credited against these costs. The benefits of a legal retainer are that it provides certainty in the legal fees and budgeting of legal expenses.
A client may also receive priority access to a lawyer's time and expertise. It also allows clients to have a long-term relationship with their lawyer and build trust and familiarity with their legal counsel.In conclusion, if you want to pay a set fee to receive unlimited or reduced-fee legal assistance, you should use a legal retainer.
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to boost innovation, myriad sales, a third-party sales firm, has focused on hiring for creativity, intrinsic motivation, and demonstrated ability to maintain professional relationships. myriad sales is concentrating on which aspect of its innovation system?
The Necessary Human Capital component of Myriad Sales' innovation system is its primary focus.
How Does Human Capital Work?Resources like instruction, preparing, insight, abilities, and wellbeing are instances of human resources, as are different characteristics that businesses esteem, like dedication and dependability. As a result, it is an intangible asset or quality that cannot be listed on a business's balance sheet. Human capital is thought to increase productivity and profitability. The more money a company spends on its employees, the more likely it is to be productive and successful. Human capital is so crucial to a business because, from the top down, it is often said that an organization is only as good as its employees. It typically falls under the purview of an organization's human resources (HR) department, which is in charge of recruiting, managing, and optimizing its workforce. Workforce planning and strategy, recruitment, employee training and development, and reporting and analytics are some of its other directives.
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chang industries has bonds outstanding with a par value of $207,200 and a carrying value of $213,800. if the company calls these bonds at a price of $210,000, the gain or loss on retirement is:
The loss on retirement of the bonds is $3,800. The correct option is A.
Carrying value of bonds = $213,800
Price at which bonds will be retired = $210,000
Loss on retirement = Carrying value - Price at which bonds will be retired
Loss on retirement = $213,800 - $210,000
Loss on retirement = $3,800
Bonds are a type of fixed-income investment that represents a loan made by an investor to a borrower, typically a corporation or government entity. When an investor buys a bond, they are essentially lending money to the borrower in exchange for regular interest payments over a set period of time.
Bonds are typically issued with a face value, or par value, which represents the amount the investor will receive back when the bond reaches maturity. The interest rate on a bond, known as the coupon rate, is typically fixed at the time of issuance and is based on a number of factors, including the creditworthiness of the borrower and prevailing market interest rates.
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Complete Question:
change industries has bonds outstanding with a par value of $207,200 and a carrying value of $213,800. if the company calls these bonds at a price of $210,000, the gain or loss on retirement is:
A). $3800 loss
B). $2800 Gain
C). $3800 Gain
D). $2800 loss
in any production process, variation in the quality of the end product is inevitable. chance variation, or common variation, refers to .
In any production process, variation in the quality of the end product is inevitable. Chance variation refers to small variations in the end product that are unavoidable due to the nature of the production process.
Chance variation can be categorized into two main types: statistical and non-statistical. Statistical variation is due to random occurrences and is often referred to as ‘noise’, whereas non-statistical variation is due to systematic occurrences and is often referred to as ‘signal’.
Chance variation can be identified using a variety of statistical tools, such as statistical process control (SPC), process capability studies, and design of experiments. SPC is used to monitor and detect changes in the process, while process capability studies are used to measure the performance of the process in terms of meeting customer specifications.
Chance variation can have a significant effect on the quality of the end product. As a result, it is important to understand the sources of variation and develop strategies to control and minimize it. These strategies include process design, operator training, and process monitoring.
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within the session 06 video profile of coyote logistics, a supply chain management company, employees claim that this is a fun place to work because the attitude of:
Within the session 06 video profile of coyote logistics, a supply chain management company, employees claim that this is a fun place to work because the attitude of the workplace is "fun."
What is Coyote Logistics?Coyote Logistics is a third-party logistics (3PL) company that provides truckload, less-than-truckload, intermodal, air, and ocean cargo shipping services as well as specialized services like Customs brokerage, supply chain engineering, and managed transportation.
Coyote was founded in 2006 and acquired by UPS in 2015 for $1.8 billion. As a result of the acquisition, Coyote operates as a wholly-owned subsidiary of UPS.
What is Supply Chain Management?Supply chain management (SCM) is the coordination of processes and activities involved in the creation of a product or service. It encompasses the planning and management of all activities involved in sourcing, procurement, conversion, and logistics management activities.
SCM is important in ensuring that a company's goods and services are available when they are required, while also keeping costs to a minimum. It is also responsible for creating a better link between the company and its customers.
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the triple constraints in a project environment includes: a. project, stakeholder, time b. scope, schedule, budget c. budget, stakeholder, team
The Triple Constraints refers to the fundamental factors that limit the scope of a project includes scope, schedule, budget
In project management, the Triple Constraints is a concept that refers to the three elements of a project that are related to each other: scope, time, and cost. Any change to one of the three constraints may affect one or both of the other constraints, and the three elements of the triangle are interdependent.
Any change in one of these three elements will affect the other two, resulting in trade-offs.
Scope: This constraint refers to the work that needs to be done to complete a project. It identifies the objectives, requirements, deliverables, and goals of the project, as well as the limitations, boundaries, and assumptions that govern it. The scope is the foundation of the project.
Time: The project must be completed within a specified time frame. This constraint refers to the project's duration, the schedule for completing it, and the time needed to complete the project.
Budget: The project must be completed within a specified budget. This constraint refers to the financial resources available to the project, the cost of the resources required to complete it, and the cost of managing and controlling it.
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a stock has a standard deviation of 21.0% and a covariance with the market of .0110. the market has a standard deviation of 12.0%. what is the beta of this stock?
The standard deviation of the market is 12%.
The beta of this stock can be calculated as follows:
Beta of stock = Covariance of stock with market / Variance of market
Beta of stock = 0.0110 / (0.12²) = 0.764
Therefore, the beta of this stock is 0.764.
Here, the standard deviation of the stock is 21%, and the covariance of the stock with the market is 0.0110. The standard deviation of the market is 12%.
The beta of a stock is a measure of its riskiness compared to the market. It is the slope of the regression line that describes the relationship between a stock's returns and those of the market.
A stock with a beta of 1 has the same level of risk as the market. A stock with a beta of less than 1 is less volatile than the market, whereas a stock with a beta of greater than 1 is more volatile than the market.
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at what point during a transaction should a broker give the buyer and seller written notice that he is acting for both parties?
During a transaction, the broker should give written notice to the buyer and seller that he is acting for both parties before any transaction activities begin.
The written notice should be provided before the broker enters into a transaction involving a conflict of interest, to ensure that all parties are aware of the broker's position and that they consent to it. The broker is responsible for ensuring that the transaction proceeds smoothly and is completed successfully without any conflicts of interest. Therefore, it is important that the broker should provide written notice before entering a transaction that involves conflict of interest. The notice will help the parties to know the broker's position and that they consent to it.
Hence, the correct answer is "before any transaction activities begin."
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does nostalgia marketing only work with consumers who have memories of the era focused on in the advertising? how might others who are younger be attracted as well
Nostalgia marketing does not only work with consumers who have memories of the era focused on in the advertising. Many younger consumers can also be attracted to nostalgia marketing.
To attract younger consumers to nostalgic advertising, marketers should consider appealing to the emotions of the younger generation. By creating a story behind the product or service being advertised, marketers can help younger consumers to connect with the brand on a deeper level.
Additionally, incorporating elements of pop culture into the advertising can be an effective way to capture the attention of younger consumers. Finally, leveraging current technologies such as virtual reality and social media can help create more interactive and engaging experiences that appeal to younger consumers.
In conclusion, nostalgia marketing can be successful in appealing to both older and younger generations. By understanding the needs and emotions of the target audience, marketers can create nostalgia-driven advertising campaigns that attract a range of consumers.
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in a freely operating market system, queuing is most likely to occur when group of answer choices the market clearing price increases. demand fluctuates unpredictably and quickly. demand increases gradually over time. selling necessities.
Queuing is most likely to occur when C: demand increases gradually over time.
As demand gradually increases, the market may not be able to immediately adjust to meet the new demand level, leading to an excess of buyers and resulting in queuing or waiting in line. This can be particularly true for goods or services that are limited in supply or that require significant time or resources to produce.
While a market clearing price increase may result in a temporary increase in demand and potential queuing, the market will eventually adjust to the new price level and the queuing will likely subside. Fluctuations in demand, particularly those that are unpredictable and quick, may also lead to queuing, but these situations are often short-lived and can be quickly resolved once the market stabilizes.Selling necessities may increase demand, but if the market is functioning properly, there should not be queuing as the supply and demand should be in balance.Therefore, correct answer to this question is C: demand increases gradually over time.
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the elasticity of supply is defined as the change in quantity supplied divided by the change in price. question 15 options: a) total; percentage b) percentage; marginal c) marginal; percentage d) percentage; percentage
The elasticity of supply is defined as the percentage change in quantity supplied divided by the percentage change in price. Therefore, the correct answer is d) percentage; percentage.
What is elasticity ?
Elasticity refers to the responsiveness of a product or service's demand or supply to changes in its price, income levels, or other economic factors. It is a measure of the degree to which a change in one variable affects the other. Elasticity is often used to predict how consumers or producers will react to changes in market conditions and to make decisions about pricing, production, and resource allocation. The concept of elasticity is commonly used in microeconomics and is calculated using various formulas and methods depending on the specific situation.
What is percentage?
A percentage is a way of expressing a number as a fraction of 100. It is often used to describe changes or comparisons between two quantities.
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dmitri is a stay-at-home parent who lives in philadelphia and provides math tutoring for extra cash. at a wage of $50 per hour, he is willing to tutor 7 hours per week. at $65 per hour, he is willing to tutor 10 hours per week. using the midpoint method, the elasticity of dmitri's labor supply between the wages of $50 and $65 per hour is approximately , which means that dmitri's supply of labor within this wage range is
Using the midpoint method, the elasticity of Dmitri's labor supply between the wages of $50 and $65 per hour is approximately 1.5, which means that Dmitri's supply of labor within this wage range is elastic.
The midpoint formula is applied when one is required to find the exact center point between two defined points. So for a line segment, use this formula to calculate the point that bisects a line segment defined by the two points.
The advantage of the midpoint method is that one obtains the same elasticity between two price points whether there is a price increase or decrease.
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The distinction between a _____ and a _____ mistake is significant in determining which contracts are voidable.Multiple Choicemutual; promissorylegitimate; nonlegitimateunilateral; secondaryprimary; mutualunilateral; mutual
The distinction between a unilateral and a mutual mistake is significant in determining which contracts are voidable. Therefore, the correct option is (D) unilateral; mutual.
What is a contract?A contract is a legally binding agreement that two or more parties enter into. In a contract, all parties should have a clear understanding of the terms and conditions. A contract outlines the terms and conditions of an agreement in detail.
It specifies the rights and obligations of the parties involved. The distinction between a unilateral and a mutual mistake is significant in determining which contracts are voidable.
Mutual mistake A mutual mistake is a mistake made by both parties while entering into a contract. This is a common mistake, and both parties should have had the same understanding of the terms and conditions of the agreement.
Mutual mistakes can be rectified, and the contract can be enforced as long as there is evidence of the mistake. Unilateral mistake A unilateral mistake is when only one party makes a mistake while entering into a contract.
In this scenario, the mistaken party may have misunderstood the terms and conditions of the contract. As a result, there is a significant difference between what was agreed upon and what was understood.
In such situations, the party who made the mistake can request to withdraw from the contract or seek legal action to rectify the mistake.
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if the price of a good rise from 10 dollars to 15 and quantity sold decreases from 10000 to 7000 what is the elastiity
The elasticity is -0.875. This means that the good is relatively inelastic, as the percentage change in quantity sold (-30%) is less than the percentage change in price (+50%).
The elasticity of a good can be calculated using the formula (Q2 - Q1) / (Q2 + Q1) / 2 ÷ (P2 - P1) / (P2 + P1) / 2 where Q1 and P1 are the original quantity and price, and Q2 and P2 are the new quantity and price respectively.
To find the elasticity when the price of a good rises from $10 to $15 and the quantity sold decreases from 10,000 to 7,000, we can use this formula as follows:
Elasticity = ((7,000 - 10,000) / ((7,000 + 10,000) / 2)) / ((15 - 10) / ((15 + 10) / 2))
Elasticity = (-3,000 / 8,500) / (5 / 12.5)
Elasticity = -0.35 / 0.4
Elasticity = -0.875
Therefore, the elasticity is -0.875. This means that the good is relatively inelastic, as the percentage change in quantity sold (-30%) is less than the percentage change in price (+50%).
This indicates that the demand for this good is relatively insensitive to changes in price, meaning that consumers are not very responsive to price changes.
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if variable cost rises from $16,000 to $48,000 when production increases from 200 to 600, average variable cost is .
If variable cost rises from $16,000 to $48,000 when production increases from 200 to 600, average variable cost is $32 per unit. The formula for average variable cost is as follows: AVC = VC/Q where AVC is the average variable cost, VC is the variable cost, and Q is the output.
The average variable cost of a product is the variable cost per unit of output. In other words, it represents the average amount of variable cost incurred in the production of a single unit of output.
For instance, if the cost of producing 200 units is $16,000 and the cost of producing 600 units is $48,000, we can calculate the variable cost per unit by subtracting the two figures and dividing by the change in production.
This will result in: $48,000 - $16,000 = $32,000$32,000 / 400 = $32. Thus, the average variable cost is $32 per unit.
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when the owner of an old boat engine restores it and has a new boat built around it, the owner now owns the entire boat through the doctrine of
The owner now owns the entire boat through the doctrine of accession.
The Doctrine of Accession states that if a person adds new material to an existing item, they become the owner of the entire item.
Therefore, if the owner of an old boat engine restores it and has a new boat built around it, they become the owner of the entire boat.
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even though the amount people pay for insurance is higher than its expected value, they buy insurance because
People purchase insurance for a variety of reasons. The primary reason is to protect themselves financially in the event of an unexpected event or loss. Even though the amount people pay for insurance is higher than its expected value, they buy it to avoid the potentially high costs of an unexpected event. Insurance can help mitigate the financial burden of a potential loss, providing individuals and families with a layer of protection against large, unexpected expenses.
Insurance can also provide peace of mind. Knowing that you have protection in the event of an unexpected loss can be reassuring. Insurance policies vary in scope and coverage, so individuals can customize their protection according to their needs and budget. For example, one might purchase a car insurance policy to cover repairs and medical costs in the event of an accident.
In addition, insurance is often required by law. Many states require individuals to purchase car insurance if they own a vehicle. Homeowners are often required to purchase insurance to protect against losses from fire, theft, or natural disasters. In some cases, an employer may also require an employee to purchase insurance for medical care.
In summary, people purchase insurance for many reasons, primarily to protect themselves from unexpected losses. Insurance can provide individuals and families with peace of mind and financial protection, and in some cases, it is required by law.
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according to lecture, today 96% of all mainstream media is controlled by approximately corporations?
Yes, according to the lecture, 96% of all mainstream media is controlled by approximately six corporations.
Mainstream media refers to any mass communication that is deemed conventional, traditional, and not based on specialized topics or niche interests. Approximately 6 corporations control 96% of all mainstream media.
Media control is an issue that concerns both the general public and government officials. Mass media is often referred to as the "Fourth Estate," as it serves as a watchdog, scrutinizing government activities and holding elected officials accountable for their actions.
If mass media is controlled by a handful of conglomerates, it may not provide a fair and unbiased representation of information to the public. It is important to know who controls mainstream media so that we can better understand what information is being provided to us, and how it may be influenced by corporate interests.
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ceres is a national network of investors, organizations and other public interest groups working with companies to promote: a. corporate international strategy b. strategic management initiatives c. public affairs departments d. sustainability
Ceres is a national network of investors, organizations and other public interest groups working with companies to promote "sustainability". The correct option is D.
The sustainability works with investors, companies, and public interest groups to promote sustainable business practices, such as reducing greenhouse gas emissions, conserving natural resources, and promoting social justice.
Ceres also works to engage investors to encourage companies to adopt more sustainable practices, as well as to identify and manage sustainability risks and opportunities. Therefore, among the options provided, the correct answer is "sustainability".
Therefore, the correct answer will be option (D)
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