In a monopolistic market, there is only one company that has complete market dominance and sets the prices and levels of supply for goods and services.
What is the main difference between a monopoly and a perfectly competitive market?In a monopolistic market, there is only one company that has complete market dominance and sets the prices and levels of supply for goods and services.In contrast to a monopolistic market, which is made up of just one firm, a perfectly competitive market is made up of numerous firms.By deliberately limiting supply, which lowers output and raises prices, a monopolist generates positive economic profit.This does not occur in a completely competitive market, when total surplus is maximized.As a result, a completely competitive market produces more than a monopoly.To learn more about monopolistic market refer,
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hassinah, incorporated, is proposing a rights offering. presently there are 200,000 shares outstanding at $55 each. there will be 10,000 new shares offered at $50 each. a. what is the new market value of the company? (do not round intermediate calculations.) b. how many rights are associated with one of the new shares? (do not round intermediate calculations.) c. what is the ex-rights price? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. what is the value of a right? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
a)The new market value will be =200,000 shares x $55 per share + 10,000 new shares x $50 per share $
=11,000,000+500,000
=$ 11,500,000
b) The number of rights associated with each old share is equal to the number of shares outstanding divided by the number of new shares
=200,000/10000= 20 rights per new share
c) The new price of the stock will be the new market value of the company divided by the total number of shares outstanding after the rights offer, which will be: =(200,000*55+10,000*50)/(200,000+10,000) =$ 54.76 per share
d) the value of a right =Price of the share before right issue -price of the share after right issue
=$ 55-$54.76 =$ 0.24 per share
Shares represent fairness possession in a organisation or financial asset, owned through traders who trade capital in go back for those devices. common stocks enable vote casting rights and feasible returns through fee appreciation and dividends.
In financial markets, a share is a unit used as mutual finances, confined partnerships, and real property funding trusts. proportion capital refers to all of the stocks of an agency. The owner of shares within the organisation is a shareholder of the business enterprise.
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If the perfectly competitive firm is producing an output level at which price equals marginal cost, it is.
If the flawlessly aggressive organization is generating an output stage at which fee equals marginal value, it is. profit-maximizing.
The required details for marginal cost in given paragraph
In economics, the marginal value is the alternate in the general value that arises while the amount produced is incremented, the value of manufacturing extra quantity. In a few contexts, it refers to an increment of 1 unit of output, and in others it refers back to the price of alternate of general value as output is elevated with the aid of using an infinitesimal amount. The marginal value is measured in bucks in step with unit, while general value is in bucks, and the marginal value is the slope of the entire value, the price at which it will increase with output. Marginal value is special from common value, that's the entire value divided with the aid of using the range of devices produced. At every stage of manufacturing and term being considered, marginal value consists of all prices that modify with the extent of manufacturing, while prices that don't range with manufacturing are constant. For example, the marginal value of manufacturing an vehicle will encompass the prices of exertions and elements wanted for the extra vehicle however now no longer the constant value of the manufacturing facility constructing that don't alternate with output.
The marginal value may be both short-run or long-run marginal value, relying on how large the chook is, because ultimately even constructing length is selected to healthy the favored output.
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communication with your customers, which is also known as the questionnaire method, is an example of what type of data collection method?
A questionnaire is a list of questions or items used to gather data from respondents about their attitudes, experiences, or opinions. Questionnaires can be used to collect quantitative and/or qualitative information.
What is Questionnaire method of data collection?
A questionnaire is a research instrument that consists of a series of questions and answers printed or typed in a specific order on a form used to collect specific information from respondents.
In general, questionnaires are delivered to the individuals concerned via post or mail, with the request that they answer the questions and return it.
Informants are expected to read and comprehend the questions before responding in the space provided in the questionnaire.
The questionnaire is designed in such a way that the required information is translated into a series of questions that informants can and will answer.
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the pbo was $100 million at the beginning of the year and $108 million at the end of the year. service cost for the year was $15 million. at the end of year, there were no pension-related other comprehensive income amounts. the actuary's discount rate was 5%. what amount of the retiree benefits paid by the trustee?
The amount of retiree benefits paid by the trustee is 12 million
An actuarial measurement of what a company will require today to cover future pension liabilities is called a projected benefit obligation (PBO). This calculation is used to determine the amount that must be contributed to a defined benefit pension plan in order to cover all pension benefits that employees have accrued up to that point, adjusted for anticipated future salary increases.
Using the formula:
Ending PBO = Beginning PBO + Interest on Beginning PBO + Service cost - Benefits paid
108 = 100 + ( 100 x 5 % ) + 15 - Benefits paid
108 = 100 + 5 + 15 - Benefits paid
Benefits paid = 100 + 5 + 15 - 108
Benefits paid = 12 Millions
Hence, Benefits paid = 12 Millions
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when computing net cash flow from operating activities using the indirect meth-od, an addition to net income is most likely to occur when there is a:
When computing net cash flow from operating activities using the indirect method, an addition to net income is most likely to occur when there will be a loss on the retirement of debt.
The net income from a company's income statement is first taken in order to calculate cash flow from operating activities using the indirect method. Revenue is only recorded when it is earned, not when it is received, as a result of the accrual basis used to prepare a company's income statement. The price of a bond that is retired prior to maturity might not be exactly equal to the carrying amount.
A loss on retirement is recorded by the issuer if the price paid to retire a bond is higher than its carrying value. Although debt doesn't dilute ownership, paying interest on debt lowers net income and cash flow. Because of the lower taxable income, this decrease in net income also has a positive tax impact.
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Three workers complete a full 8-hour day finishing concrete for a terrace. All three workers are paid rm 12 an hour and the job bills to the customer for rm 450. What are the total direct labor costs?.
For $450, three labourer finish the concrete for a terrace in a full 8-hour workday.
What is labourer?
A labourer (or labourer) is a member of the construction industry workforce who performs manual labour. Workers belong to a working class of wage earners whose only significant material possession is their labour. Construction of infrastructure, such as roadways, buildings, bridges, tunnels, as well as railroad tracks, employs labourers. Workers assist other trades like operators or cement masons while using blasting tools, hand tools, power drills, air tools, as well as small heavy equipment. According to the first-century BC engineer Vitruvius, a skilled labour force is just as important to a building project as any other component. Little has changed in labourer practises aside from the introduction of pneumatics.
Fill up the budget table for total labor costs; figure out how much each project employee will cost in labor as well as the overall labor cost. The hourly compensation for the laborers is $9. The budgetary data listed below has been gathered for the period ending December 31. The initial establishing costs of a facility are included in the capital cost of a construction project. Some purchasers look for a second house within the city limits, whether for business or pleasure. For a large portion of these customers, amenities, security, and aminities.
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if exports increased by $15 billion at each level of real gdp, all other factors constant, then the equilibrium level of real gdp would be
if exports increased by $15 billion at each level of real GDP, all other factors constant, then the equilibrium level of real GDP would be $650 billion.
Real gross domestic product (GDP) is a measure of an economy's output of all products and services over the course of a year, adjusted for inflation. Base-year prices are used to express real GDP. It is also known as GDP in constant prices, GDP that has been adjusted for inflation, and GDP in constant dollars. Simply expressed, real GDP corrects for price fluctuations and estimates the total economic production of a nation.
Real GDP is a macroeconomic metric that accounts for inflation and quantifies the worth of the products and services generated by an economy over a given time period. In essence, it calculates a nation's overall economic production after accounting for price changes.
A consumer's exposure to your site's design, user behavior, content, and adverts results in an ad experience.
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A bank has $800 million in demand deposits and $100 million in reserves. If the reserve requirement is 10 percent, the bank’s excess reserves equal.
The excess bank reserves are $20 million.
What are bank reserves?The minimal amount of cash that financial institutions must keep on hand in order to comply with central bank standards is known as bank reserves. The bank must store this actual paper money in a vault on the property or in an account with the national bank.A reserve requirement is the number of assets that must be held on hand to cover any withdrawals. The three primary categories of bank reserves are legal, excess, and necessary.So, the bank's excess reserves are:
Bank's demand deposits are $800 million.The reserve requirement is 10%.Then,
800/100 × 10$80 millionExcess reserves:
$100 - $80 = $20 millionTherefore, the excess bank reserves are $20 million.
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lisa, the managing director at green corp inc., is writing a speech about the three main concerns the company is currently facing. which of the following examples uses an effective transition to convey the message? a.) the company has issues we are facing such as the global pandemic, which has caused us great monetary loss. in other words, we are not able to find potential clients. and also, the workers are unable to travel to the workplace due to the lockdown. b.) the company is currently dealing with three major concerns, which are the global pandemic that has caused a considerable loss. in addition to it, the workers cannot travel to their workplace. another one is the lack of potential clients. c.) the company is dealing with three concerns. like the global pandemic that has caused a great loss. also, the workers cannot get to the workplace. besides all of these, we are unable to find potential clients. d.) the company is currently dealing with three major concerns. firstly, the global pandemic, which has caused a considerable amount of loss, both monetary and personal. secondly, the incapacity of the workers to travel to the workplace. lastly, the lack of potential clients.
Lisa, the managing director at green corp inc., is writing a speech about the three main concerns the company is currently facing. The company is currently dealing with three major concerns. firstly, the global pandemic has caused a considerable amount of loss, both monetary and personal. secondly, the incapacity of the workers to travel to the workplace. lastly, the lack of potential clients. Option D
What is an effective transition?Generally, A word or phrase that bridges the gap between two successive sentences or paragraphs is known as a transition.
Your argument or explanation will be strengthened as a result of the use of effective transitions, which may explain the logical flow of your thoughts.
In this section, we will go over two of the most important transitional tools available: demonstrative pronouns and introduction words.
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If you were willing to pay $10 for a product, but the firm only charges you $8, the firm will most likely see a reduction in _______.
If you were willing to pay $10 for a product, but the firm only charges you $8, the firm will most likely see a reduction in profit.
Creating an income is one of the maximum important goals of an enterprise. Calculating your profit can not only help you determine your level of fulfillment, it additionally affords statistics about where your commercial enterprise is earning profits and wherein you're spending it.
Earnings that arise from occasions or transactions which might be incidental to a commercial enterprise consist of the sale of fixed assets, winning a court docket case, and appreciation inside the value of an asset. Income: The extra revenues of a period over its associated costs during an accounting year is named profit.
A commercial enterprise's profit is the amount of money closing after the corporation pays its costs and costs. Charges are the expenses involved in developing, growing, and promoting the business's products and services.
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members of congress are able to influence monetary policy albeit indirectly through their ability to
Central banks behavior financial policy with the aid of adjusting the provide of money, typically through open market operations.
For instance, a central financial institution can also limit the amount of money by using selling government bonds underneath a “sale and repurchase” agreement, thereby taking in cash from business banks.
Does Congress play a role in making monetary policy decisions?Congress has delegated duty for economic coverage to the Federal Reserve (the Fed), the nation's central bank, however retains oversight duties for ensuring that the Fed is adhering to its statutory mandate of "maximum employment, secure prices, and reasonable long-term activity quotes
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https://brainly.com/question/13926715#SPJ4marketers use ___________ to determine what a group of targeted consumers knows about a product or brand prior to running an advertising campaign. after the campaign ends, that same group of consumers is given ________ to evaluate the effectiveness of the campaign.
Pre-testing is used by marketers to determine what a group of consumers knows about the product prior to an advertising campaign. The post-test is used to evaluate the effectiveness of the campaign.
What is the marketing test?Corresponds to a marketing tool used to collect data and information about a particular product, service or advertising.
Companies identify a demographic group of potential consumers to test the product and provide feedback on their perceptions, wants and needs about that product.
Therefore, the marketing tests applied before or after the campaign are instruments that help to better understand the impact that such a product or service will have on the consumer, helping the company to make better decisions so that it is successful when it is launched to the final consumer.
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jackson company generated 125000 in net income during the current year and 100000 during the prior year what is the percentage change in net income
25% is the percentage change in net income .
Why do you use the term "net income"?
Net income is the amount earned by a person or a company after costs, allowances, and taxes have been subtracted. In the world of business, net income is the amount that remains after all costs, such as payroll, the price of goods or raw materials, and taxes, have been paid.What is gross or net income?
Before taxes, benefits, and other payroll deductions are deducted, an employee's gross pay is what they are paid. Net pay, also known as take-home pay, is the sum that is left over after all deductions have been taken into consideration.% change in net income= 25%
25,000/100,000
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a leader who acts as a role model for employees is displaying elements of which of the following behavioral dimensions of transformational leadership? inspirational motivation individualized consideration intellectual stimulation idealized influence
An approach to leadership that brings about change in both social institutions and individuals is known as transformational leadership. In its optimal state, it brings about significant and constructive change in the followers with the ultimate aim of transforming followers into leaders. so answer is idealized influence.
Just what is leadership?Leadership is simply about taking chances and questioning the existing quo, to put it simply. Others are inspired by leaders to take on new and better challenges. Curiously, leaders pursue innovation rather than doing so out of necessity. By examining the team's accomplishments and progress, they gauge success. To limit risk and produce predictable results, management, on the other hand, entails assigning duties and motivating individuals to obey the rules. Planning, organizing, leading, and controlling are the manager's four primary responsibilities.
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paint and paintbrushes are complements. if the price of paint rises, we can expect: the quantity demanded of paint to increase. the quantity demanded of paintbrushes to remain unchanged. the demand for paintbrushes to decrease. the demand for paintbrushes to increase.
Paint and paintbrushes are complements. if the price of paint rises, we can expect the demand for paintbrushes will decrease.
Changes withinside the costs of associated merchandise (both substitutes or complements) can have an effect on the call for curve for a selected product. The instance of an e-book illustrates how the call for curve can shift to the left or proper relying on whether or not the costs of associated merchandise move up or down.
Deliver curve, in economics, image illustration of the connection among product charge and amount of product that a vendor is inclined and capable of deliver. Product charge is measured at the vertical axis of the graph and amount of product furnished at the horizontal axis.
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fixed costs are costs that: group of answer choices remain constant as the volume of production increases or decreases. remain constant until economies of scale are reached. remain constant for a fiscal or calendar reporting period and then decrease over time, period by period. are also known as the gross margin. cannot be affected by marketing efforts.
Fixed costs are costs that remain constant as the volume of production increases or decreases.
Fixed costs remain the same, whether or not production increases or decreases. Wages paid to employees for their ordinary hours are a fixed price. Any greater time they spend on the job is a variable price.
Companies incur kinds of production charges: variable and glued expenses. Variable costs change based totally on the quantity of output produced. Variable charges may additionally consist of labor, commissions, and raw materials. Fixed charges stay identical regardless of manufacturing output.
Yes, depreciation is a set value. It is a habitual value that is commonly the identical quantity every duration, in step with Accounting gear. Depreciation isn't typically affected by output. Buildings and equipment depreciate in value.
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you own a portfolio that has $2,400 invested in stock a and $3,400 invested in stock b. if the expected returns on these stocks are 9 percent and 12 percent, respectively, what is the expected return on the portfolio? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
You own portfolio that invested 41.4% in stock A with expected return of 9%, and 58.6% in stock B with expected return of 12%. Your expected return oh the portfolio is 10.76%
In a portfolio that makes several different investment, the expected return is calculated based on the weighted average of the investment.
Let:
rp = expected return on the portfolio
ri = expected return of i-th investment
Then
rp = ∑ (portion of i-th investment x ri)
Data from the given problem:
Investment on stock A = $2,400
Investment on stock B = $3,400
Total investment = $2,400 + $3,400 = $5,800
Hence,
portion of Investment on stock A = 2400 / 5800 x 100% = 41.4%
portion of Investment on stock B = 3400 / 5800 x 100% = 58.6%
rA = 9%, rB = 12%
Therefore,
rp = 41.4% x 9% + 58.6% x 12% = 10.76%
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an airline is considering a project of replacement and upgrading of machinery that would improve efficiency. the new machinery costs $350 today and is expected to last for 5 years with no salvage value. straight line depreciation will be used. project inflows connected with the new machinery will begin in one year and are expected to be $300 each year for 5 consecutive years and project outflows will also begin in one year and are expected to be $150.00 each year for 5 consecutive years. the corporate tax rate is 30% and the required rate of return is 7%. calculate the project's net present value.
The project's net present value is $172.25.
What is net present value?The difference between the current value of cash inflows and withdrawals over a period of time is known as net present value (NPV). To evaluate the profitability of a proposed investment or project, NPV is used in capital budgeting and investment planning.
A favorable investment that could result in a return on your investment is one where the net present value is positive (higher than 0). If it's negative, you can wind up spending less money overall.
Initial investment in the project was -$350.
Years 1 through 5 of cash flow equal [($300 - $135 - $70) x (1 - 36%)]. Depreciation expense plus $70 equals $60.80 plus $70, or $130.80.
We can determine the project's net present value (NPV) at an 8% discount rate using an excel spreadsheet and the NPV function:
=NPV(8%,130.80,130.80,130.80,130.80,130.80) - $350 = $522.25 - $350 = $172.25
We could also carry it out manually:
NPV = -$350 + $130.80/1.08 + $130.80/1.08² + $130.80/1.08³ + $130.80/1.08⁴ + $130.80/1.08⁵ = $172.25
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what three elements are considered part of the promotional mix? multiple select question. sales promotion direct marketing advertising pricing distribution
The promotion mix also contains four elements that companies use to meet their marketing objectives. The elements are sales promotion, advertising, personal selling, and public relations.
Marketing objectives are the results a emblem wants to generate from its advertising sports. They need to be measurable (and realistic) so you can map out your efforts in a strategic and targeted manner.
Marketing strategy lets in businesses to consciousness limited assets on quality possibilities to growth sales and acquire a aggressive benefit in the marketplace. Strategic advertising emerged inside the 1970s/80s as a wonderful field of study, similarly constructing on strategic control.
There are various styles of marketing objectives, but the 4 important sorts are profitability+ goal, market percentage goal, promotional goal, and increase goal.
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a company has $93,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 5% of outstanding receivables are uncollectible. the current balance (before adjustments) in the allowance for doubtful accounts is an $830 credit. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for:
Desired balance in allowance account:$93,000 × 0.05 =$4,650credit
Current balance in allowance account: -830credit
**Adjustment to allowance: $3,820credit***
An allowance is a certain amount of regularly taxable income that you are permitted to generate each year without having to pay tax on it.
The surplus comprises your employee's taxable earnings if allowances, benefits in kind, and provisions exceed the maximum amounts. You may, however, choose to designate this as final levy wages.
Your employer determines how much to deduct from your pay using an allowance, and you determine your real tax due on your tax return using a dependent exemption.
An allowance or a payment made to cover a worker's individual costs counts as a benefit. Any amount you give your employee on top of their salary or wages on a regular basis or all at once is considered an advance or allowance.
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the segmentation method that develops or finds products for small, but profitable market segments is:
Niche marketing is a segmentation strategy that seeks or creates items for niche markets that are tiny yet lucrative.
How does niche marketing work?A marketing strategy used to target a particular, distinctive market sector is called niche marketing. When a corporation recognizes what the consumer needs and then tries to provide a better solution to a problem that was not previously offered by other companies, it can discover what the customer wants, which is often how niche markets are developed.
A niche market involves a particular target demographic and a specialized offering, not necessarily a tiny market. By doing this, the business gains market dominance and makes it possible for other businesses to enter that specific market.
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the long-run perfectly competitive equilibrium rev: 06 26 2018 multiple choice is realized only in constant-cost industries. will never change once it is realized. is not economically efficient. results in normal profits.
The answer is option D The results will be in normal profits for perfect long run competition.
There are numerous enterprises in a market that is quite competitive. In the market, there are no obstacles to entering or leaving. The businesses are creating uniform items.
Due to the impossibility of new businesses entering the market anytime soon, businesses in this sector will experience significant short-term profitability.
However, as time goes on, businesses will be lured into the market by the lucrative profits made by the current businesses.
As a result, there will be more supply available on the market, which will cause the supply curve to shift to the left. The price of the product will decrease as a result of this leftward change in the supply curve.
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Kayla is a busy entrepreneur who is running a rapidly growing startup. Kayla intends to use social media for recruiting several new employees. What key managerial takeaway would you give to kayla?.
When hiring a web designer, Kayla should check Dribbble.
Web designers plan, create, and code internet websites and internet pages, many of which integrate textual content with sounds, snapshots, portraits, and video clips. A web clothier is chargeable for developing the design and format of a website or web pages. It and can mean working on a cutting-edge website or updating an already current web page.
On average, an internet fashion designer within the U.S. Makes around $50,000 – $55,000 in step with yr. The common hourly fee for an internet clothier is around $23-25 in line with the hour. However, this can depend on various factors, inclusive of revel in the level of understanding, niche, and call for.
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if a consumers total utility increases when another unit of a good is consumed, marginal utility must be
If a consumer's total utility increases when another unit of a good is consumed, which of the following is true? The marginal utility must be positive is the correct answer.
The added satisfaction that a consumer receives from having one more unit of a good or service is known as marginal utility. To know the purchase rates of the product the concept of marginal utility is used.
The marginal utility can be zero, negative, or positive. When total utility increases due to the consumption of any additional item increasing it is called positive utility. When total utility is decreasing due to the consumption of one or more units it is called a negative marginal utility.
The complete question is: If a consumer's total utility increases when another unit of a good is consumed, which of the following is true? The marginal utility must be positive or negative.
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Differentiating your product so that it will appeal to additional market segments occurs most often at which stage of the product life cycle?.
The market expands, the competition heats up, and sales increase during the expansion stage.
At which stage in the product life cycle do sales experience their most rapid increase?The five stages of the business life cycle—launch, growth, shake-out, maturity, and decline—represent how a business develops over time in phases. A successful new product typically has a sales curve that gradually increases during the market development phase.At some point during this growth, there is a noticeable surge in customer demand, and sales soar.The primary attribute of the mature stage is that sales volumes are still increasing but more slowly.The growth in sales volume will increase more slowly as the mature gets closer to its finish.Additionally, there is more fierce competition for customers and market share.When manufacturing reaches its maximum capacity and sales revenues surpass costs, economies of scale are reached.As rival companies release similar products, the competition is frequently strong during the growth period.The market expands, the competition heats up, and sales increase during the expansion stage.To learn more about business life cycle refer,
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suppose the price elasticity of demand for a good is 0.6. when the price of the good decreases by 10%, what would we expect to happen to the quantity demanded
The price elasticity of demand measures the responsiveness of the quantity demanded to changes in its price. Therefore, the quantity demanded this good increases by 6%.
Price elasticity of demand for a good = 0.6Percentage decrease in price = 10%0.6 = Percentage change in quantity demanded ÷ 100.6 × 10 = Percentage change in quantity demanded6 % = Percentage change in quantity demanded.Price elasticity of demand is a measure of changes in consumption of a product to changes in price. Expressed mathematically, this looks like this: Price elasticity of demand = percent change in quantity demanded / percent change in price. The price elasticity of demand for a good is a measure of how sensitive the quantity demanded is to its price. When prices rise, the quantity demanded of almost all goods falls, but some goods fall more than others.
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The demand curve that vesoro faces is identical to which of its other curves?.
The demand curve that Tesoro faces is identical to its other Marginal revenue curve. Marginal cost curve.
Call for is the quantity of a great that clients are willing and able to buy at numerous expenses throughout a given time. the connection between rate and amount demand is also referred to as the call for curve
Demand truly method a purchaser's preference to buy goods and offerings with none hesitation and pay the price for it. In easy phrases, demand is the number of products that the customers are prepared and willing to shop for at numerous charges at some stage in a given time body.
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lydia is a typical or traditional type of manager who focuses on a workplace incentives like bonus pay for good work and longer hours when his team falls behind on a project. what type of leader is lydia?
This management strategy follows the leading, planning, organizing, and controlling model.
What is the most typical motivation?One of the most popular financial incentives to encourage and support workers in their career advancement is salary increases. For instance, employees frequently receive a pay raise to reflect their higher status when they rise to higher-level responsibilities within their company.
What are incentives at the workplace?Any program or award used in the workplace to promote employee performance and boost productivity is considered an employee incentive. Although rewards might be tangible items of value or material things, there are also many situations in which acts or intangible rewards are presented as rewards.
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two times the sum of a number and 9
The equation 2x+9 is created by adding 9 to the original integer twice.
By twice, we imply that you multiply it by two, or 2. Therefore, we are increasing the total of these two things by 2. We will call the unknown number, which we don't know, x.
Let the number be x
now two times the number= 2x
adding 9 in the number
2x + 9
Any value can be substituted with x to get a numerical value
For example
x = 4
Thus, 2(4) + 9= 8+9 = 17
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Identify the correct sequence of economic integration starting from the least integrated to the most integrated.
free trade area, customs union, common market, economic union, and political union is the correct sequence of economic integration starting from the least integrated to the most integrated.
Monetary integration is the procedure in which more states in an extensively defined geographic location lessen a variety of change limitations to develop or defend a set of monetary goals.
Economic integration is beneficial in many approaches because it permits international locations to specialize and trade without authorities' interference, which can gain all economies. It outcomes in a reduction of expenses and in the end a boom in standard wealth.
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