Potatoes are categorized as inferior goods.
It is an economic term that describes a good whose demand drops when people's incomes rise. These goods fall out of favor as incomes and the economy improve as consumers begin buying more costly substitutes instead.
Why potatoes are inferior goods?
If a 10% increase in income results in 50% decline in the quantity of potatoes purchased. This implies potatoes can be categorized as inferior goods. The main reason is when people's income rise, people tend to choose the normal goods rather than inferior goods.
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hp ties its printer ink to its printers by embedding a patented printer head in its ink cartridge rather than build it into the printer. this raises the cost of producing the ink cartridge. if the government passed a law requiring hp ink to be used with hp printers, would this law increase or decrease deadweight loss?
If the government passed a law requiring HP ink to be used with HP printers, this law would decrease deadweight loss.
Deadweight loss refers to the difference in consumption and production of a service or product including government tax. It refers to the inefficiency of the market when supply and demand are out of equilibrium. Deadweight loss occurs due to ill management in the allocation of resources.
Other interventions such as price floors, price ceilings, taxation, and price controls can also result in deadweight loss. In the given situation, the cost of the production of ink cartridges will rise, but it will not add up to the deadweight loss because demand will also increase.
After the government's law, the demand for ink cartridges and HP printers will also increase, therefore a decrease in deadweight loss.
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a(n) introduces and familiarizes a new employee with fellow workers, company procedures, and the physical property of a company.
A(n) orientation introduces and familiarizes a new employee with fellow workers, company procedures, and the physical property of a company.
In the field of business, an orientation can be described as a small ceremony in which the new employees are made familiar to the other employees working in the firm or business.
In orientation, the objectives, company procedures, laws, terms, etc are also discussed so that the new employees get an idea about the new working platform and company.
The basic purpose behind conducting an orientation is to make the new employees somewhat familiar with the new workplace.
Although a part of your question is missing, you might be referring to this question:
A(n) --------- introduces and familiarizes a new employee with fellow workers, company procedures, and the physical property of a company.
- Development
-training
-Reference checking
-Orientation
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Many retailers fear amazon because of its vast selection and convenient ordering, but tsc isn’t worried. While amazon does carry some of tractor supply’s merchandise, tsc feels that its specific type of shopping center has a competitive advantage over amazon. What type of shopping center is tsc?.
Founded in 1938, Tractor Supply Company (often referred to as TSCO or TSC) is an American retail chain of stores that offers goods for home repair, farming, lawn and garden upkeep, livestock, horse, and pet care for hobby farmers and ranchers, pet owners, and landowners.
What sort of store is comparable to Tractor Supply?Competitors of Tractor Supply Company include Lowe's Home Improvement, Ace Hardware, The Home Depot, Harbor Freight Tools, and LL Flooring. Comparably to its rivals, Tractor Supply Company ranks third in terms of product quality.Founded in 1938, Tractor Supply Company (often referred to as TSCO or TSC) is an American retail chain of stores that offers goods for home repair, farming, lawn and garden upkeep, livestock, horse, and pet care for hobby farmers and ranchers, pet owners, and landowners.TravelCenters of America, The Home Depot, Sherwin-Williams, Lumber Liquidators, and Lowe's are among the businesses that compete with and are similar to Tractor Supply. Retailer Tractor Supply specializes in country living.To learn more about Tractor Supply Company refer to:
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An organization that attempts to create value mainly by adapting ideas and products that come from the firm’s headquarters is following what kind of strategy?.
An organizational that attempts to create value mainly by adapting ideas and products that come from the firms headquarters is following global strategy.
What is global strategy?A global strategy is a strategy that a company formulates to enter the global market.The purpose of developing a global strategy is to increase sales around the world. The term "global strategy" includes not only standardization but also international and organizational strategies. Four major global strategies form the basis of the organizational structure of the global enterprise.Each of these strategies is pursued in a specific operational organizational structure. Global Strategy: When a company defines a global brand and makes little or no change to other markets. His slim iPhones, Macbooks and iPads from Apple are examples. The software and keyboard may be localized, but the branding is the same everywhere.To learn more about global strategy from the given link :
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what is a report for the public disclosure of financial controls and security reporting that does not contain sensitive and technical information called?
EXtensible business reporting is a
report for the public disclosure of financial controls and security reporting that does not contain sensitive and technical information.
The financial reporting (disclosure) system
that is based on the electronic data tagging
language is referred to as the eXtensible
business reporting language (XBRL).
XBRL is freely available and a global
framework that is used for the exchange
of business information and also allows
expression of semantics which is required in
reporting of business.
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When purchasing new equipment, installation costs would be included as a component of.
When purchasing new equipment, installation costs would be included as a component of land improvements.
Shopping is the manner a business or employer uses to collect goods or services to accomplish its desires. Despite the fact that there are several groups that attempt to set requirements inside the buying procedure, procedures can range significantly among corporations. Shopping is a part of the wider procurement system, which generally also includes expediting, dealer excellent, transportation, and logistics. Purchasing managers/directors, and procurement managers/directors manual the corporation’s acquisition approaches and standards. Maximum agencies use a three-way check as the foundation in their shopping applications[citation needed]. This entails three departments inside the corporation completing separate components of the acquisition method.
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what causes adverse selection problems? buyers have unrealistic expectations. sellers are not interested in profit. sellers have private information. buyers are not interested in low prices.
Sellers have private information that causes adverse selection problems.
Adverse selection is a marketplace situation in which buyers and sellers have special statistics. The result is that members with key statistics may take part selectively in trades at the expense of other events who do not have the same records.
Negative choice is when sellers have information that consumers do no longer have, or vice versa, approximately some issue of product fine. it's miles for this reason the tendency of these in dangerous jobs or high-hazard existence to buy existence or disability insurance where chances are more they may acquire on it.
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ccording to traditional keynesian analysis, if the economy is in a recession, a. decreases in government purchases are less effective than decreases in taxes. b. decreases in government purchases are more effective than increases in taxes. c. increases in government purchases are less effective than decreases in taxes. d. increases in government purchases are more effective than decreases in taxes.
Keynesian economists would support spending more money than is necessary on labor-intensive infrastructure projects to boost employment and stabilize wages during recessions. When there is strong demand-side growth, the government would boost taxes to restrain the economy and avoid inflation.
Compared to Keynesian economists, classical economists are more prone to emphasize unemployment. Below, this is further discussed.
Describe unemployment
Unemployed people who are looking for job and are ready to start working right away are sometimes referred to as being unemployed.
In conclusion, classical economists pay more attention to the unemployment problem than do Keynesian economists.
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in a competitive market, the actions of any single buyer or seller will a. discourage entry by competitors. b. influence the profits of other firms in the market. c. have a negligible impact on the market price. d. none of the above is correct.
In a competitive market, the actions of any single buyer or seller will have a negligible impact on the market price.
A market is a place wherein consumers and sellers can meet to facilitate the change or transaction of products and services. Markets may be bodily like a retail outlet, or virtual like an e-store. other examples include unlawful markets, auction markets, and monetary markets.
Market definition affords a framework for competition evaluation. for instance, market stocks can be calculated simplest after the marketplace has been described and, whilst thinking about the capacity for brand new access, it is vital to identify the marketplace that is probably entered.
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A firm evaluates all of its projects by applying the irr rule. If the required return is 11 percent, should the firm accept the following project?.
The NPV is positive at the needed return of 11%, hence we would approve the proposal.
The financial concept known as net present value is meant to capture an investment opportunity's total value. Forecasting all potential future cash inflows and outflows associated with an investment, discounting each one to the present, and adding them all up is the purpose of NPV.
The PV of the inflows less the PV of the outflows is the project's net present value (NPV). The following equation represents the NPV of this project at the desired return of 11%
NPV = -$28,300 + $12,300 / 1.11 + $15,300 / 1.112 + $11,300 / 1.113
= $3,461.37
The NPV is positive at the needed return of 11%, hence we would approve the proposal.
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communities depend on business for: multiple choice schools. health care. the arts. all of the above.
Communities depend on business for health , school, care and the arts So,it is present in all of the above.
A medical specialty called "community health" is concerned with the physical and psychological health of those who live in a certain area. This significant area of public health includes programmes that assist local residents in improving and maintaining their health, halting the spread of infectious diseases, and becoming ready for natural disasters.
The Centers for Disease Control and Prevention state that "working at the community level promotes healthy living, assists in the prevention of chronic diseases, and provides the greatest health benefits to the greatest number of people in need" (CDC).
According to Caleb Backe, a health and wellness expert at Maple for a community to have strong health, residents must look beyond themselves and exercise "collective responsibility." It emphasises the value of living a generally healthy lifestyle rather than merely focusing on the healthcare system.
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globe hotels has more cash on hand than is required to support its operations. accordingly, the company has decided to pay out some of its earnings in the form of cash to its shareholders. what are these payments to shareholders called? multiple choice dividends stock payments repurchases payments-in-kind stock splits
These payments to shareholders are called Dividends. The correct option is A.
Why are dividends paid?Dividends are payments made to shareholders based on the number of shares they own. Shareholders expect profits to be returned to them by the companies in which they invest, but not all companies pay dividends.
A dividend is a monetary or non-monetary reward given by a company to its shareholders. Dividends can be paid in a variety of ways, including cash, stock, or any other form. The dividend of a company is decided by its board of directors and must be approved by the shareholders.
Thus, the ideal selection is option A.
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Which of the following represent reasonably possible contingent liabilities?
Potential legal claims debt guarantees represent reasonably possible contingent liabilities.
A note to the balance sheet is used to display a contingent liability. Due to the full disclosure norm, contingent liabilities, which may or may not materialize in the near future, are disclosed as a footnote.
Examples of Contingent Liabilities: a company's assurances and denials of assurances. A corporation may provide a guarantee to another individual on behalf of a third party in the form of a loan to a subsidiary or a promise that another company will fulfill a contractual commitment.
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for a good that is a necessity, demand group of answer choices tends to be inelastic. tends to be elastic. has unit elasticity. cannot be represented by a demand curve in the usual way.
For a great that may be a necessity, call for: Option 1- has a tendency to be inelastic.
The required details for demand in given paragraph
In case of necessity items elasticity of call for is much less than 1, because of this that call for is in elastic. In case of luxurious items elasticity of call for is extra than 1, because of this that call for is elastic.
In economics, call for is the amount of a good that clients are inclined and capable of buy at numerous fees at some point of a given time. The dating among fee and amount call for is likewise known as the call for curve. Demand for a selected object is a characteristic of an object's perceived necessity, fee, perceived quality, convenience, to be had alternatives, purchasers' disposable earnings and tastes, and lots of different options. The fee of the commodity: The primary call for dating is among capability fees of a great and the portions that could be bought at the ones fees.
Generally, the connection is poor, that means that an boom in fee will result in a lower in the amount demanded. This poor dating is embodied within side the downward slope of the client call for curve. The assumption of a poor dating is cheap and intuitive.
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the relationship between the spot price and the forward price for an asset (non-dividend paying asset) is through an interest rate. what is essentially the reason for this?
An asset (a non-dividend paying asset) has a link between its spot price and its forward price through an interest rate.
The forward price is what?
The forward price is the predetermined delivery price agreed upon by the buyer and the seller of the forward contract, to be paid at a predetermined future date, for an underlying good, currency, or financial asset. A forward contract's value is initially set at zero by the forward price, but as the price of the underlying changes, the forward contract's value may change from positive to negative. The forward price is determined by adding any carrying costs, such as interest and storage fees, to the asset's current spot price.
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a company estimates that it will need $100,000 in 8 years to replace a computer. if it establishes an ordinary annuity by making fixed monthly payments into an account paying 7.5% compounded monthly, how much should each payment be?
If it establishes an ordinary annuity by making fixed monthly payments into an account paying 7.5% compounded monthly, $763.39 should each payment be.
FV = PMT[(1 + i)^n - 1]/i
100000 = PMT[(1 + 0.075/12)^(8*12) - 1]/(0.075/12)
PMT(1.00625^96 - 1) = 625
PMT = 625/0.81872 = 763.39
Using Excel =PMT(0.075/12,8*12,,-100000) = $763.39.
An ordinary annuity is one that receives its cash flows or payments at the end of the period.
The present value of instruments that pay periodic payments, such as bonds, preferred shares, pension plans, and so on, is usually calculated using ordinary annuities, which are fixed payments made at regular intervals (semi-annually, quarterly, or monthly).
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quoizlet a market structure with a few large firms is a(n) group of answer choices oligopoly perfect competition monopoly monopolistic competition
A market structure with a few large firms is a oligopoly .
What is an oligopoly explain?
An oligopoly is a market with a small number of businesses that are aware of their interdependence in terms of price and output practices. Each company has some market power because there aren't many companies.An oligopoly occurs when a small number of businesses dominate a specific market.What examples of oligopolies exist?
Numerous industries have had oligopolies throughout history, including those that produce steel, oil, railroads, tires, grocery store chains, and cellular carriers. Airlines and medicines are two other sectors having an oligopoly structure.Learn more about oligopoly
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landon will pay interest over the life of his 30-year loan. what other responsibility does he have to lender marco when he finances his loan?
Landon will pay interest over the life of his 30-year loan. The other responsibility he have to lender Marco when he finances his loan is to Pay loan-related closing costs.
What is Closing Cost?
Closing costs are the additional charges that buyers and sellers often pay in order to conclude a real estate transaction. Loan origination fees, discount points, appraisal fees, title search fees, title insurance fees, surveys, taxes, deed recording fees, and credit report fees are a few examples of these expenses. Within three days of receiving a home loan application, the lender is obligated by law to include these fees in a loan estimate form. A real estate transaction cannot be completed until closing fees have been revealed to both the buyer and the seller and have been agreed upon.
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Seth is considering advertising his business using paid search results. What do you think makes paid search advertising so effective as a marketing method? look at the following statements and decide whether they are true or false.
No claims may be deemed genuine or untrue, but I'll describe why paid search advertising is so powerful for marketing.
Who are you calling an advertiser?Buying real estate to market a good, bad, or abstract notion is a commercial tactic called as advertising. The actual advertising messaging is what is typically referred to as advertisements. Reaching the demographics most apt to be interested in purchasing a company's goods or services is the aim of advertising.
Why is advertising so important?Advertising is a powerful marketing tool that can assist you in attracting customers, educating them about your products, and earning their confidence. The majority of businesses use advertising in some capacity to promote their products and services.
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which of the following refer to changes that affect the demand for loanable funds but not the supply? check all that apply. the expectations effect the income effect the liquidity effect the price-level effect
The options that refer to changes that affect the demand for loanable funds but not the supply are:
The expectations effect The income effect The liquidity effect What is the demand for loanable funds?The demand for loanable funds is a graphical representation that indicates the readiness of businessmen to borrow funds. It is proven that as the interest rate for such loans reduces, there is more likelihood of an increase in the demand for funds. There are certain factors that affect the demand for loanable funds and this includes; the expectations effect, the income effect, and the liquidity effect.
The expectations effect pertains to the likelihood of a business performing positively or negatively. If there is a positive expectation, then the interest rate will increase because the business is believed to have a high chance of success. The liquidity effect also plays a vital role. An increase in liquidity levels keeps the interest rate low.
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ritzer argues that the operating procedures perfected (but not originated) by have been duplicated in countless arenas from amusement parks and grocery stores to childcare companies, healthcare organizations, religious institutions, educational institutions, and entertainment industries; as a result, those procedures have seeped into the very fabric of
Ritzer argues that the operating procedures perfected (but not originated) by McDonald's have been duplicated in countless arenas from amusement parks and grocery stores to childcare companies, healthcare organizations, religious institutions, educational institutions, and entertainment industries; as a result, those procedures have seeped into the very fabric of everyday life.
George Ritzer used the term "McDonaldization" to describe the process of rationalization in society. Rationalizing is an act where social norms, beliefs, and emotional drivers of behavior get replaced, aiming to achieve uniform output through a repetitive process. With this process, culture takes on the traits of a fast-food restaurant.
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without any formal when project managers know an activity's , they are able to compare which critical activities to shorten., the president of a high-tech company remarks in a speech that new technologically advanced routers will be available in one year. this may lead to a project that must be done faster than anticipated. this is an example of reducing project duration caused by
The given situation is an example of reducing project duration caused by Imposed project deadlines.
The practice of finishing the assigned assignment or activity before the assigned deadline without any delays is known as imposing the project deadline. The phrase deadline primarily refers to the target dates that aid in finishing the project on time or earlier. When project managers are aware of an activity's status, they are able to compare whether crucial tasks should be shortened.
For example, the president of a high-tech corporation mentions in a speech that new, cutting-edge routers will be available in a year. This could force the project to be completed more quickly than expected; this is an example of how imposed project deadlines have the potential to shorten project length.
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when the market for money is drawn with the value of money on the vertical axis and the quantity of money on the horizontal axis , the money demand curve slopes a. downward, because at higher price people want to hold less money. b. downward, because at higher prices people want to hold more money. c. upward, because at higher prices people want to hold less money. d. upward, because at higher prices people want to hold more money.
When the market for money is drawn with the value of money on the vertical axis and the quantity of money on the horizontal axis , the money demand curve slopes a. downward, because at higher price people want to hold less money.
Demand curve is a graphical representation of the connection between the charge of a terrific or provider and the amount demanded for a given time period. In an ordinary representation, the rate will appear on the left vertical axis, the quantity demanded at the horizontal axis.
A call for curve is a graph depicting the relationship among the price of a positive commodity and the quantity of that commodity this is demanded at that fee. demand curves may be used both for the price-amount relationship for an individual consumer or for all customers in a particular market.
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When a company owner practices price discrimination, the marginal revenue of an extra unit sold.
When a company owner practices price discrimination, the marginal revenue of an extra unit sold equal its price.
A corporation, sometimes known as co., is indeed a legal designation for a group of individuals with a particular goal who are either naturally occurring, legally created, or a combination of both. Members of the company collaborate to accomplish clearly stated objectives.
Companies come in a variety of shapes and sizes, including charitable organizations, corporate entities that want to make a profit, financial institutions like banks and programs, and organizations that provide services to the public like educational institutions. A business can be established as a legal entity with limited liability as long as its members fulfil or fail to fulfil their obligations in accordance with the publicly proclaimed incorporation or published policy.
The above question is incomplete, the complete question is-
Q1- When a company owner practices price discrimination, the marginal revenue of an extra unit sold
a. is less than the marginal cost
b. is greater than its price
c. equal its price
d. is less than its price
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each seller's opportunity costs are: a. determined monetarily, which is why they can never be zero. cross out b. determined by a number of factors, none of which is monetary. cross out c. determined by a number of factors, including monetary considerations. cross out d. none of these is true.
Each seller's opportunity costs are determined by a number of factors, including monetary considerations. So, the correct answer is option a.
What is Opportunity cost?
When a person, investor, or company chooses one option over another, they are missing out on possible rewards, which are known as opportunity costs. Opportunity costs can be easily disregarded because, by definition, they are invisible. A firm or individual can make better decisions by being aware of the potential opportunities they may miss when selecting one investment over another. The costs and advantages of each alternative must be taken into account and compared to one another in order to appropriately assess opportunity costs.Making more profitable decisions can be influenced by taking opportunity costs into account.Opportunity cost is a wholly internal expense utilised for strategic consideration; it is not included in accounting profit and is not reported to third parties.A new manufacturing facility near Los Angeles is one example of an opportunity cost.To know more about Opportunity cost visit:
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a company makes electronic gadgets. 2% are faulty, the company doesn't know which ones are faulty until a buyer complains. suppose the company makes a $132 profit on each sale, but suffers a loss of $12 for every faulty gadget because they have to repair the unit. what is the profit(or loss) the company can expect to make from selling 100 units?. submit answer format: number: round to: 1 decimal places. unanswered not submitted attempts remaining: 2
The expected value of the loss in dollars is 1.34.
What is expected value?The expected value is a generalisation of the weighted average in probability theory. It is also known by the names expectation, expectancy, mathematical expectation, mean, average, and first moment. Informally, the expected value is the average of a large number of outcomes chosen at random and in different ways. A weighted average of every outcome that could occur is the value that is expected from a random variable with a finite number of outcomes. The expectation is determined by integration when there is a continuum of potential outcomes. The expectation is given by Lebesgue integration in the axiomatic basis for probability provided by measure theory. It had been discussed for centuries.
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dividing a total market into several relatively homogenous groups to isolate traits that distinguish a certain group of customers from the overall market. what are the common bases for segmenting consumer markets?
To isolate demographic traits, a market's overall size is divided into numerous categories that are reasonably homogeneous. geographic, product-related, and psychographic segmentation
In addition to being useful in human geography, demographic factors are also crucial in anthropology and biology. Studying species populations can provide information that inspires environmental initiatives and changes the law governing how we treat the environment.
Statistics that characterise populations and their traits are known as demographics. The study of a population based on characteristics like age, race, and sex is known as demographic analysis.
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which term refers to an organization's active effort to find opportunities to hire or promote people in a particular group?
Affirmative action refers to an organization's active effort to find opportunities to hire or promote people in a particular group.
An organization is a collection of individuals who work collectively, like a community association, a charity, a union, or a company. you may use the phrase company to refer to institution or commercial enterprise, or to the act of forming or establishing some thing.
An enterprise is an official institution of humans, for instance a political birthday celebration, a enterprise, a charity, or a membership. maximum of those specialised faculties are supplied by using voluntary organizations. ... a document by means of the worldwide Labour employer. Synonyms: organization, enterprise, party, body greater Synonyms of business enterprise.
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Uber’s lack of knowledge of the local business environment has caused it to suspend service in several important cities. To avoid the challenges related to a lack of knowledge of the local market and local regulations, uber should have?.
Uber's international expansion becomes based in a locale-by-way-of-locale method, which clearly is the simplest approach viable. One cannot get anywhere on an identical time, regardless of one's price range.
Each locale needs specific studies and a rethinking of the emblem and of the product.
Uber launches in greater than 40 new places international. New countries include Italy, Germany, China, India and Russia. There are launches in Johannesburg, Pretoria and Cape city, marking its first African presence.
The idea for Uber became born on a snowy night in Paris in 2008, and ever because then our DNA of reimagination and reinvention incorporates on. We've grown right into an international platform powering flexible income and the motion of people and things in ever-increasing approaches.
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about 88% of the increase in global food production has come from using high-input industrialized agriculture to increase yields called (the) .
The high-input industrialized agriculture to increase yields called the Green Revolution.
What is the Green Revolution?The Green Revolution, also known as the Third Agricultural Revolution (the first two being the Neolithic and British Agricultural Revolutions), is a series of research and technology transfer initiatives that took place between 1950 and the late 1960s and significantly increased agricultural production in various parts of the world, with the late 1960s showing the greatest impact. The initiatives led to the adoption of high-yielding varieties (HYVs) of grains, particularly dwarf wheat and rice. It was linked to newer techniques for farming, such as mechanization, controlled water supply (typically involving irrigation), chemical fertilizers, and agrochemicals. Collectively, these were viewed as a "package of practices" that should replace "Traditional" technology and be adopted as a whole.
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