Implied warranty of merchantability is the term for a guarantee that items supplied or leased are suitable for the usual purpose for which they are used, as well as other assurances unless expressly stated otherwise.
Who is covered by the implied warranty of merchantability?U.C.C. 2-314 specifies what an implicit assurance of merchantability entails. According to U.C.C. 2-314(1), a warranty that goods will be merchantable is implied in a contract for sale if the seller is a market with respect to those particular goods, unless excluded or modified.
Why is it so vital to uphold the implicit assurance of merchantability?You've profited from the implied warranty of merchantability if you've ever returned a product because it just wasn't functional. This warranty ensures that a product you purchase from a merchant will function as intended. It is an implied warranty, which means it is present whether it is expressed orally or in writing.
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on february 15th, discus manufacturing lends javelin industries $10,000 using a promissory note. in the note, javelin promises to repay the entire amount plus 5% annual interest within 120 days. what accounting entries should discus make on february 15th to record acceptance of this note?
Notes Receivable = debit of $10,000; Cash = credit of $10,000
How might accountants calculate the cost of uncollectible accounts for a business?The method of evaluating uncollectible accounts that uses the revenue statement and multiplies credit sales by the percentage of uncollectible debts.
Who are a promissory note's two principal parties?Checks involve three parties as opposed to a promissory note's two parties (the payer and the payee) (the payer, the payee, and the bank from which the funds are drawn).
What is the phrase for the anticipated net cash flow from receivables?The net amount of cash anticipated is known as the cash (net) realizable value, which is net of amounts the company anticipates it won't be able to collect. As a result, using the allowance technique, the balance sheet receivables are decreased by the expected uncollectible receivables.
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many companies have found that having staff with certain specialties on its payroll is expensive, so they hire people in other countries who have the training and skills to do the work for them. this is called
They hire people in other countries who have the training and skills to do the work for them. This is called offshoring.
What is Training?Training can be defined as the process by which a person or a group of individuals is taught or provided the knowledge about the job that is required to be done before, during, or after the job.
The procedure where a particular company gives its top to another company. This usually happens when the rate of production or the cost incurred is low on another company which is why they will higher and train the people from another country. This whole process is called offshoring.
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paxton company can produce a component of its product that incurs the following costs per unit: direct materials, $10; direct labor, $14; and incremental overhead $3. an outside supplier has offered to sell the product to paxton for $32. compute the net incremental cost or savings of buying the component.
The net incremental cost or savings of buying the component is calculated to be $5 per unit if the outside supplier has offered to sell the product to Paxton for $32.
We can compute the incremental cost or saving of purchasing the component as follows;
Offered Selling price = $32
And the making cost is can be determined as follows;
making cost = Direct material + variable overhead + direct labor
making cost = $10 + $3 + $14
making cost = $27
Therefore the net incremental cost is calculated by subtracting the making cost from the offered selling price as follows
net incremental cost = Selling price - making cost
net incremental cost = $32 - $27
net incremental cost = $5 cost per unit
Hence the net incremental cost or savings of buying the component is $5 per unit
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A seller is willing to sell a product only if the seller receives a price that is at least as great as the?.
A seller is willing to sell a product only if he receives a price that is at least as great as its cost of production
Each seller in a market will have a different cost of production. A producer will create a good if she can sell it for a price that is at least as high as the economic cost of doing so. Economic cost covers the opportunity cost of the seller's time in addition to the cost of the goods and labor. The economic cost, therefore, includes what economists refer to as a typical profit. Each vendor produces products with varying levels of efficiency.
But in a market that is entirely based on competition, producers are price takers, and they can only trade if their economic costs are below the market equilibrium price. However, some producers will earn more than the economic cost of their products because they are more effective than others. The difference between the sale price and their economic cost of production will be their producer surplus.
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How much has the saudi arabian public investment fund committed to fund liv golf through 2025?.
In 2020, PIF allocated another $1.8 billion to make sports investments across the following five years, and this past May, LIV CEO and Commissioner Greg Norman revealed that Saudi Arabia had committed an additional $2 billion to fund the breakaway golf league through 2025.
Investment is the dedication of cash to get of associate plus to realize a rise in price over an amount of time. Investment needs a sacrifice of some gift asset, admire time, money, or effort.In finance, the aim of the investment is to get a return from the endowed asset. The come may contain a gain (profit) or a loss completed from the sale of a property or an investment, unrealized capital appreciation (or depreciation), or investment financial gains such as dividends, interest, or rental income, or a mix of financial gain and income.
'The return may include currency gains or losses because of changes within the foreign currency exchange rates. Investors generally expect higher returns from riskier investments. once a low-risk investment is made, the come is additionally typically low. Similarly, high risk comes with an opportunity of high losses. Investors, significantly novices, are typically suggested to diversify their portfolios. Diversification has the statistical effect of reducing overall risk.
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discussions in ethics about employee health and safety tend to focus on the relative risks workers face and the level of acceptable workplace risk because
Discussions in ethics about employee health and safety tend to focus on the relative risks workers face and the level of acceptable workplace risk because employers cannot be responsible for providing an ideally safe and healthy workplace.
Employees are so known as considering they may be the ones of the organizational employees who bodily perform the work within the agency and who implement the plans made by means of the organizational management. For doing it, people paintings with numerous equipment, equipments, units, implements and strategies.
A worker is an person who works under a contract of service or for labour best, in which the worker works at once with the company (the precept). this indicates the individual performs element or all the work for the foremost.
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In which type of insurance are medical services offered at a reduced rate through a network of healthcare providers?.
The insurance where medical services are offered at a reduced rate is managed care insurance
Health insurance products include the managed care programs. The goal of the managed care system is to keep costs, services, and quality under control. Beneficiaries receive care at a lower cost. Furthermore, managed care programs are a sort of health insurance. They have contracts with hospitals and clinics that allow them to treat members for less money.
The network of the plan is made up of these providers, and the policies of the network dictate the scope of the care that the plan will cover. Some of the most commonly mentioned benefits of managed care systems include the availability of many in-network physicians, cheap expenses, the supply of certified therapy, decreased prescription costs, and low cost.
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redbox has 40,000 kiosks throughout the united states for movie and video game rental and it operates without a single clerk. what level of service does this retailer offer?
The level of service that this retailer offer is self-service.
What is self-service?Self-service is the act of taking care of one's own needs, typically when making purchases. Apart from customer-operated supermarket checkouts, which have been characterized as labor-saving examples of self-sourcing, automated teller machines, which are not just found in banks, and end-user computing and end-user development, a related pair, there are more examples of self-sourcing. The value of the time spent by employees has decreased as a result of the replacement of paid labour with unpaid labour, less professionalism, and distractions from key responsibilities. Over many years, legislation that facilitate and restrict self-service transactions like gas pumping have been passed. The act of serving oneself, typically when making a purchase, is known as self-service.
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your client katrina is ready to close on her new home, but when you checked yesterday, the seller still hasn't dealt with the foundation issue that the inspector found. what is your responsibility at this point?
The broker's professional services are covered under an employment contract, is the answer. The listing serves as the seller's employment contract with the broker.
An action that would the otherwise be taken or not taken would be affected by a material fact, according to a reasonable person. As the seller doesn't have to worry about employment the bank will approve your loan, the Sam Heskel, president of Nadlan Valuation, an appraisal management company in broker, New York, believes that a cash offer is typically more alluring than a finance offer. The buyer's agent is an employee of one the firm.
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ou own a stock portfolio invested 28 percent in stock q, 16 percent in stock r, 42 percent in stock s, and 14 percent in stock t. the betas for these four stocks are .97, 1.03, 1.43, and 1.88, respectively. what is the portfolio beta?
1.3002 is the portfolio beta.
Beta= (proportion of investment A × beta A) + (proportion of investment B × beta B) + ... + (proportion of X × bet X)
Beta= (0.28×0.97) + (0.16×1.03) + (0.42×1.43) + (0.14×1.88)
Beta= 1.3002
According to the portfolio definition, it's far fixed of a huge variety of properties that might be owned by investors. The said series of financial assets will also be valuables starting from gold, stocks, price range, derivatives, belongings, cash equivalents, bonds, and so on.
The definition of a portfolio is a flat case used for carrying loose sheets of paper or an aggregate of investments or samples of completed works. An instance of a portfolio is a briefcase. An instance of the portfolio is a person's numerous investments. An example of a portfolio is an artist's display of past works.
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To demonstrate a functional relationship, there needs to be ______ demonstrations of an effect.
To demonstrate a functional relationship, there needs to be Four demonstrations of an effect.
Functional relationship means a complementary and interactive relationship among land uses or improvement, such as at a minimal a great and high-quality exchange of human interplay, items, sources, establishments, services, jobs or employees among land uses or developments.
A functional reporting relationship establishes a connection between positions or organizational devices at extraordinary management ranges primarily based on the specialized nature of the function for which a mutual duty is shared.
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the influence of leadership can be far-reaching in practice and improving patient outcomes even when not in a formal role. describe advocacy strategies that you can use as a leader to create positive change in your current workplace. in response to peers, describe a time when you provided leadership and the outcome. was there anything that you would do differently?
Even when not in a formal role, leadership can have a significant impact on practice and patient results.
What is leadership?An individual, group, or organization's capacity to "lead," influence, or guide other people, teams, or entire organizations is referred to as leadership, both as a research field and as a practical skill. A contentious term, "leadership" is frequently perceived to be. The concept is debated in specialized literature from a variety of perspectives, sometimes contrasting Eastern and Western leadership styles as well as North American and European approaches. The Chinese Mandate of Heaven doctrine posited that emperors must rule justly and that their subjects have the right to depose them if they appear to lack divine approval. Leaders' "blue blood" or genetics, according to pro-aristocracy thinkers, determines their position in society. The extreme version of this is represented by monarchy.
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vending machines are an example of group of answer choices direct mail. scrambled merchandising. intertype competition. nonstore retailing. hypermarkets.
Vending machines are an example of non-store retailing. Hence, d) Option is correct.
What is non-store retailing?
Retailing outside of traditional brick-and-mortar (physical) locations is referred to as non-store retailing.
Electronic commerce, off-premise direct selling, and distance selling are just a few examples of the many diverse types of retailing that don't take place in actual retail spaces.
The e-commerce giant Amazon is one of the best examples of non-store retailing. Amazon does not have a physical location where customers may go to purchase goods; instead, it offers goods to customers online.
Direct selling, distance selling, and online selling are the three primary non-store retailing methods.
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on january 15, 2020 coronado company recieved a two-month, 9%, 10000 note from peter long for the settlement of his open account. the entry by coronado company on january 15 2020 would include a
According to the given information, the entry by Coronado company on January 15 2020 would include a debit of $10,000 to Notes Receivables.
The journal entry by Coronado Company on January 15, 2020, is:
Date General Journal Debit Credit
Jan 15 Notes receivables $10,000
Accounts receivables $10,000
Money owed to a business in the near future is represented by the asset account known as accounts receivable (AR) on the balance sheet.When a business permits a customer to pay on credit for its goods or services, accounts receivable are produced.Accounts payable are similar to accounts receivable, but they represent money that is owed as opposed to money that will be received.The accounts receivable turnover ratio or days sales outstanding can be used to determine the strength of a company's AR.It is possible to conduct a turnover ratio analysis to determine when the AR will actually be received.Learn more about Accounts receivables, here
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A news headline reads, "Time for change: let free market forces determine the money supply." Which statement offers a valid claim in direct opposition to this headline?
Congress is essential to a stable money supply, as it controls fiscal policy and the federal budget.
Congress should lose its role in fiscal policy, as it often fails to control the money supply.
The Fed should be controlled by the people, as money supply changes should be publicly voted upon.
The Fed is essential to a stable economy, as an unregulated money supply can spike inflation.
Option C. The solution that would tell us the valid claim based on the money supply in the economy is that The Fed should be controlled by the people, as money supply changes should be publicly voted upon.
What is money supply?The total amount of money—cash, coins, and balances in bank accounts—in circulation is known as the money supply. The money supply is typically understood as a collection of secure assets that individuals, businesses, and governments can use to make payments or hold as short-term investments.
The term "money supply" refers to both the population's access to and the amount of money that can be used in a nation's economy. Bank-held demand deposits and currency are the two halves of the supply of money. Coins and paper money are the two forms of currency that are produced.
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Answer:
The Fed is essential to a stable economy, as an unregulated money supply can spike inflation.
Explanation:
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which of the following calculations is used to determine an asset's adjusted basis? multiple choice question. original basis ordinary repairs - depreciation taken original basis depreciation allowed or allowable - significant improvements original basis significant improvements - depreciation allowed or allowable original basis depreciation taken - significant improvements
Original basis + significant improvements - depreciation allowed or allowable is used to determine an asset's adjusted basis.
The cost basis of an asset is updated for different occurrences during its ownership to give it an adjusted basis. When a property is sold, it is typically used to determine an owner's capital gain or loss for income tax reasons as well as to determine an inheritor's tax basis when that person receives property from a testator's estate.
The cost of purchasing your home plus the cost of any improvements you made are typically your adjusted basis; casualty loss amounts and other decreases are deducted.
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If a working environment becomes toxic the productivity of all workers will decline. What will happen to the average cost of production as a result?.
Average cost increases to the average cost of production as a result.
Production is the manner of mixing numerous cloth inputs and immaterial inputs (plans, know-how) for you to make something for consumption (output). it is the act of creating output, a terrific or provider that has value and contributes to the application of individuals.
An example of production is the manufacturing of automobiles. vehicles are made by way of assembling parts collectively. as instance, rubber tires are delivered to steel our bodies to make seats installed earlier than the car is pushed off the manufacturing line.
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there are a lot more sellers than buyers in the current market. how does this demand influence value?
If there is a greater number of buyers than sellers (more demand), the buyers bid up the prices of the stocks to entice sellers to sell more. If there are more sellers than buyers, prices go down until they reach a level that entices buyers.
The term contributory value refers to the amount through which a single element of an asset affects its overall fee as an entire. Contributory value is commonly used in the real estate industry to show how a single asset characteristic impacts the property's entire cost.
The elements of the cost of actual property are commonly called the acronym "dirt". The acronym method demand, utility, shortage, and transferability.
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When a small country imposes a tariff on an imported good, domestic consumers bear __________ of the statutory burden and ______________ of the economic burden of the tariff.
When a small country imposes a tariff on an imported good, domestic consumers bear the increased tax of the statutory burden and national welfare falls off the economic burden of the tariff.
Whenever a small country implements a tariff, national welfare falls. The better the tariff is about, the bigger will be the loss in countrywide welfare. The tariff causes a redistribution of income.
Producers and the recipients of government spending advantage, even as consumers lose.
Tariffs hurt customers because they will increase the price of imported goods. due to the fact an importer has to pay a tax in the shape of tariffs on the goods that they may be importing, they bypass this increased price onto consumers in the shape of better fees.
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There is a cost function such that marginal cost is always less than average cost. What must be true about average cost?.
So when marginal cost less than average cost then average cost is decreasing.
Here from the given question, we know that marginal value intersect the average general fee and average variable value curve at the lowest factor in order marginal cost curve is going down it pulls the common price curve down as nicely and as it is going up , it pulls the average value curve upward as nicely.
The marginal cost refers back to the increase in manufacturing fees generated by way of the production of additional product devices. it is also known as the marginal price of production. Calculating the marginal price permits businesses to see how quantity output impacts cost and hence, ultimately, profits.
In economics, the marginal price is the trade in the total price that arises when the quantity produced is incremented, the price of producing extra quantity.
Marginal expenses are the prices related to generating a further unit of output. it's far calculated because the exchange in general production prices divided through the trade within the range of units produced. Marginal expenses exist when the entire value of manufacturing consists of variable expenses.
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damien plans to buy a share at $120 and hold it for 5 years. during this period, he would receive average annual dividends of $4 a share. he expects to receive $145 at the end of the 5-year period when he sells the share. what are the keystrokes used to calculate the rate of return on the investment?
If damien plans to buy a share at $120 and hold it for 5 years. during this period, he would receive average annual dividends of $4 a share. The keystrokes used to calculate the rate of return on the investment is; N=5, PV=-120, PMT=4,FV=145.
How to find the keystrokes used to calculate the rate of return?The keystrokes that is used to calculate the rate of return on the investment are :
N=5, PV=-120, PMT=4,FV=145.
Where:
N= Number of years = 5 years
PV= Present value = -$120
PMT= Periodic payment =$4
FV = Future value =$145
Therefore the keystrokes is N=5, PV=-120, PMT=4,FV=145.
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A distribution manager at a company that has customers in all 50 states considers that storing goods in every state will make them quickly available to all customers. What other major factor should affect the decision on the number of warehouses?.
The major factor that should affect the decision on the number of warehouses is Operating 50 or more warehouses will be expensive.
While a warehouse is any building that stores physical items for any reason, a distribution center could be a sort of warehouse that's particularly planned for satisfying orders for distribution to other businesses or consumers. A warehouse may be a structure utilized to store products. Manufacturers, wholesalers, merchants, transportation companies, customs, and others utilize warehouses. They are regularly huge plain buildings found on the edges of cities, towns, or towns. other components depending on the number of stockrooms are Provider network, Lease Rates, Building Accessibility, and Expandability, etc.
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organizational synergy is the increased customer value achieved through multiple choice more discounts or larger rebates at the point of sale. shared ownership of the organization through publicly traded stock. involvement of the ultimate consumer in product design. an increase in the knowledge of competitors. performing organizational functions more efficiently.
Organizational synergy is the increased customer value achieved through: E. performing organizational functions more efficiently.
What is organization synergy?Organizational synergy can be defined as the process in which effective communication tend to occur in a workplace or organization or the way communication occur among different organizations so as to maximize productivity and performance.
Synergy tend to make it possible for different organization that have common goals to come together in one accord so as to achieve the goals and it as well enables people within an organization to work as a team which inturn can tend to lead to increase in effective operations as well as marketing efforts.
Therefore the correct option is E.
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In an effort to improve the reporting of sustainability efforts and reduce greenwashing, which nonprofit organization has developed a 77-standard framework to enable companies to explain sustainability and its financial impact?.
Like GRI, SASB additionally has a three-rung shape: 77 enterprise requirements for seventy-seven industries divided below each of eleven industry classes.
The GRI Sustainability Reporting standards (GRI requirements) are a reporting framework for corporations to reveal each fine and terrible influence on the environment, society, and the economic system.
Environmental, social, and governance (ESG) reporting standards and frameworks are important to offer regular and similar reporting of applicable ESG data.
Several extensive modifications have happened within the beyond year related to ESG reporting.
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revised probabilities of events based on additional information are . a. posterior probabilities b. marginal probabilities c. joint probabilities d. complementary probabilities
Revised probabilities of events based on additional information are posterior probabilities. The correct option is A.
What are posterior and prior probabilities?Given the data, a posterior probability is a likelihood of assigning observations to groups. A prior probability is a likelihood that an observation will belong to a group before the data is collected.
In Bayesian statistics, a posterior probability is the revised or updated probability of an event occurring after new information has been considered. Using Bayes' theorem, the posterior probability is computed by updating the prior probability.
Thus, the ideal selection is option A.
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enviro company issues 8%, 10-year bonds with a par value of $250,000 and semiannual interest payments. on the issue date, the annual market rate for these bonds is 5%, which implies a selling price of 123.375. the straight-line method is used to allocate interest expense. 1. what are the issuer's cash proceeds from issuance of these bonds? 2. what total amount of bond interest expense will be recognized over the life of these bonds? 3. what is the amount of bond interest expense recorded on the first interest payment date?
Part 1. The issuer's cash proceeds from the issuance of these bonds are $308438
Part 2. Total bond interest expense $141562
Part 3. The bond interest expense recorded on the first interest payment date is $7078
Part 1.
Premium on bonds payable = Cash proceeds from the issuance of bonds - Par value of bonds
Semi-annual bond premium amortization = Premium on bonds payable / Semi-annual interest payment period
Par value of Bonds = $ 250000
Selling Price = $ 123.375
Cash proceeds from issue of bonds = $ 250000 * 123.375%
= $ 308437.5 or $308438
Part 2.
Calculation of total bond interest expense over the life of bonds :
Amount repaid ( 20 * 250000 * 8% *6/12 ) 200000
Par value at maturity 250000
Total repayments 450000
Less: Cash proceeds -308438
Total bond interest expense $141562
Part 3 :
Premium on bonds payable = $ 308438 - $ 250000 = $ 58438
Semi-annual bond premium amortization = $ 58438 / 20 = $ 2922
Semi-annual interest expense = Semi-annual interest payment - Semi-annual bond premium amortization
= $ 10000 - $ 2922
= $ 7078
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The sharing economy requires companies to be _____ flexible in how they organize their activities.
The sharing economy requires companies to be more flexible in how they organize their activities.
An economy is a machine of inter-related production and intake activities that ultimately decide the allocation of resources within a collection. The manufacturing and intake of goods and offerings as an entire fulfill the wishes of those residing and running inside it.
An economy is a place of the production, distribution and change, in addition to consumption of products and services. In standard, it is defined as a social domain that emphasize the practices, discourses, and cloth expressions associated with the manufacturing, use, and control of scarce resources'.
Economic structures may be labeled into four fundamental kinds: traditional economies, command economies, mixed economies, and marketplace economies.
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8. assume that cane normally produces and sells 61,000 betas and 81,000 alphas per year. if cane discontinues the beta product line, its sales representatives could increase sales of alpha by 16,000 units. what is the financial advantage (disadvantage) of discontinuing the beta product line?
The expected increase in total profit is the financial disadvantage of discontinuing the beta product line.
A product line is known as a group of related products that are offered by the same company and promoted under a single brand name. Businesses promote a wide range of product lines under a variety of brand names in an effort to distinguish them from one another for the benefit of consumers.
In marketing jargon, "product lining" refers to the discrete sale of several connected products.
Product line decisions include (1) product line expansion, (2) product line repositioning, and (3) product line shrinkage. The marketing executive will make a number of decisions regarding the product line over the life of the product's existence.
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part-a: what is the income effect? (5 pts) part-b: what is the substitution effect? (5 pts) part-c: suppose there are two goods which are substitutes and the price for one of the goods increases. how does the substitution and effect impact the quantity demanded of the good, which gets more expensive? can we say for certain what will happen to the quantity demanded for this good? how does the substitution and effect impact the quantity demanded of the good, whose price remains the same? can we say for certain what will happen to the quantity demanded for this good? (10 pts)
According to the income effect, when a good's price drops, it is as though the buyer's income increased. According to the substitution effect, as a good's price drops, consumers will switch from the more costly good to the one that is less expensive.
What is the impact of income?In microeconomics, the income effect is the subsequent shift in demand for a good or service brought on by an increase or decrease in a consumer's actual income or purchasing power. The income impact predicts that people would start to demand more as their income rises (and vice-versa).
What effect does substitution have?When a product's price increases, consumers may transfer to less expensive substitutes, which results in a decline in sales known as the substitution effect. The substitution impact, however, is solely a reflection of thriftiness. A product may lose market share for a variety of reasons.
Let's say there are two alternatives for each other, and the cost of one of the commodities rises. How does demand for the good, which increases in price due to substitution and effect?In microeconomics, two things are considered substitutes if customers may use them for the same purpose. Having more of one thing makes a buyer want less of the other good because they regard both goods as similar or equivalent.
Can we predict with certainty what will happen to the quantity of this good that is demanded?In economics, the word "quantity demanded" refers to the overall amount of an item or service that consumers demand over a specific period of time. Regardless of whether a market is in equilibrium, it is dependent on the cost of an item or service.
How does the substitute and effect change the amount of the good that is being purchased at the same price?When a product's price increases, consumers may transfer to less expensive substitutes, which results in a decline in sales known as the substitution effect.
Can we predict with certainty how much demand there will be for this good?The phrase "quantity demanded" is used in economics to refer to the overall quantity of an item or service that consumers demand over a specific period of time. Whether or not a market is in equilibrium is irrelevant; what matters is the cost of an item or service.
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if all of the redemptions are incremental sales, what is the incremental profit/loss of the coupon campaign?
Incremental profit is the gain or loss attributable to a particular managerial choice, such as a novel advertising approach.
What is incremental profit?Incremental profit is the gain or loss attributable to a particular managerial choice, such as a novel advertising approach.
If you haven't made any significant changes to your company, you might not need to examine incremental profit since it is used to evaluate the success of marketing initiatives.
The financial increase or loss resulting from a particular managerial move is known as incremental profit. As long as incremental profit is positive, total profit rises. Total profit decreases when incremental profit is negative.
Strategy is a loosely coupled set of choices that be addressed incrementally in incremental approaches.
Below the organizational level, decisions are made independently because it is politically advantageous to do so; organizational leaders should save their political influence for important choices.
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