Costs that tend to deter firms from changing their prices in response to changes in the market equilibrium price are referred to as?
Answers
The costs that deter firms from changing their prices in response to changes in the market equilibrium price are known as menu costs or price adjustment costs.
These costs include the expenses associated with updating and printing new price lists, changing price tags or labels, updating computer systems, and informing customers about the new prices.
Menu costs can make it difficult for firms to adjust their prices frequently or immediately in response to changes in the market. For example, imagine a restaurant that needs to print new menus every time there is a change in the prices of ingredients. This can be time-consuming and costly, especially if the restaurant has multiple locations or a large menu.
Another example is a retailer that needs to update the prices of thousands of products in its inventory. The process of changing price tags or labels can be labor-intensive and may require significant resources.
Due to these menu costs, firms may choose to delay or avoid changing their prices, even when the market equilibrium price has shifted. This can lead to a temporary mismatch between supply and demand, as prices may not accurately reflect the current market conditions.
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Related Questions
The accounting principle that requires that the cost flow assumption be consistent with the physical movement of goods is.
Answers
The accounting principle that requires that the cost flow assumption be consistent with the physical movement of goods is nonexistent.
When reporting financial data, businesses and other organizations must abide by accounting principles. Any set of accounting principle' main objective is to make sure that a company's financial statements are accurate, reliable, and comparable. Investors will find it simpler to examine and glean valuable information from the company's financial records as a result, including historical trend data. The term "goods" in economics refers to things that fulfill human needs and offer utility, such as to a customer buying a fulfilling product. The terms "transferable commodities" and "transferable services" are frequently used interchangeably.
When it comes to whether they are excludable, non-excludable, rival, or nonrival, the fundamental sorts of goods vary.
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"What has been your greatest failure in college and how did you overcome it?" (Be sure to talk about how you grew/learned from the experience)
Answers
One of my greatest failures in college was during my freshman year when I took an organic chemistry class. I had always been a top student in high school, so I thought that I would be able to handle the challenging coursework in college without any problems.
However, I quickly realized that I was in over my head when I started struggling to keep up with the material. I found myself falling behind in the class and struggling to understand the concepts. I was constantly feeling frustrated and overwhelmed, and I started to question whether I was cut out for college at all. I felt like a failure, and I was ashamed to admit that I was having trouble.
I knew that I needed to do something to turn things around, so I reached out to my professor for help. I asked for extra tutoring sessions and office hours, and I also sought out help from my classmates. I was determined to figure out what I was doing wrong and to find a way to succeed.
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when firms accumulate inventory, actual inventory investment is . multiple choice question. positive negative unchanged
Answers
When firms accumulate inventory, actual inventory investment is positive.
Inventory investment is the value of the adjustment to a company's inventory in a specific period. A firm's inventory investment is calculated by subtracting the amount of inventory it sold from the amount of inventory it produced in a given time period. A positive inventory investment, as the name implies, indicates that the company has accumulated more inventory than it has sold. A negative inventory investment indicates that the company has sold more inventory than it has produced or bought. When firms accumulate inventory, the actual inventory investment is positive. It's critical for businesses to maintain track of their inventory investment since it can be a significant expenditure for the company. A negative inventory investment may indicate that the firm has liquidated inventory for a price that is less than its original cost.
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How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Why Strategic Planning is an Important Life Skill?
Answers
Answer:
Explanation:
Because if you're able to plan things, its a useful skill for jobs, family planning etc. Its a useful skill to have.
Rylee runs a factory that makes DVD players. Each S100 takes 6 ounces of plastic and 4 ounces of metal. Each G150 requires 2 ounces of plastic and 8 ounces of metal. The factory has 172 ounces of plastic, 368 ounces of metal available, with a maximum of 20 S100 that can be built each week. If each S100 generates $13 in profit, and each G150 generates $1, how many of each of the DVD players should Rylee have the factory make each week to make the most profit? S100: G150: Best profit:
Answers
To maximize profit, Rylee's factory should produce 20 S100 DVD players each week. This combination ensures the optimal utilization of available resources and accounts for the profitability of each DVD player model. By producing 20 S100 DVD players, the factory can generate the highest profit of $260.
Considering the resource constraints and profitability, producing 20 S100 DVD players yields the highest profit. The plastic and metal constraints limit the number of S100 and G150 DVD players that can be manufactured. With 172 ounces of plastic available, only 28 S100 DVD players can be made, while with 368 ounces of metal, up to 92 S100 DVD players are possible. However, the production constraint of 20 S100 DVD players per week further limits the optimal choice. Comparing the profitability, where each S100 generates $13 in profit and each G150 generates $1, it becomes clear that focusing on S100 DVD players maximizes the overall profit. Therefore, producing 20 S100 DVD players per week results in the best profit of $260.
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Zelda’s day consists of checking her e-mail, holding meetings, and organizing and reviewing text. Which Arts, A/V Technology, and Communication career pathway is Zelda working in?
Answers
Answer:
The correct answer will be "Printing technology".
Explanation:
Printing technology has become a course of study which always entails comprehensive evaluation as well as operator of email messages, as well as editing manuscripts to ensure that the interests of customers.A profession where certain you accomplish or conduct for something and communicate with other people.One major advantage of credit is that it allows consumers to
A.eliminate debts that they are unable to pay off
B. Earn a higher salary for each year at the same job
C. Make a large purchase and pay for it over time
D. Earn interest on money they put in savings accounts
Answers
The correct option is C. One major advantage of credit is that it allows consumers to make a large purchase and pay for it over time.
What are the advantages of Credit?
Credit can be an effective instrument for improving your financial situation, gaining access to better financial products, reducing interest costs, and even avoiding the need to make a deposit when opening utility or cell phone accounts.
Thus, Customers that have credit can make purchases of products or assets without having to pay in cash upfront. A person with a strong credit history has a demonstrated history of repaying all of their debts in full and on schedule.
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Thinking and note-taking Discuss the effects of advertising on your day-to-day life with a partner.
Organize your ideas in the diagram. Use your notes from your brainstorming on topic vocabulary
about advertising in activities 1 and 2.
Opinions
Reasons
Education
Facts / Examples
Answers
The discussion of the effects of advertising on your day-to-day life with a partner is done below:
Opinions: Advertisers try to make people seem miserable if they do not make use of their product.
Reasons: This is seen in the types of ads that are used as bandwagon fallacy is one of the most popular which tells you that since a large number of people are using the product, why should you be left out?
Education: There are different ways of disseminating these adverts and they can be done through TV, billboards, social media, etc
Facts / Examples: A company selling toothpaste can make an advert with the caption, "If 20 million people trust our product, you should too" and then someone with pure white teeth flashes a smile.
What is Advertising?This refers to the creation of awareness for a particular product so that people would come and purchase the product.
Hence, we can see that the discussion of the effects of advertising on your day-to-day life with a partner is done above.
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calculate the percentage by mass of all the components element in sodium trioxonitrate(v)
Answers
Sodium =27.05
Nitrogen=16.47
Oxygen=56.46
what does the bank have that makes it attractive to thieves?
Answers
the bank has a lot of money and gold
When the body senses warmer temperatures, what happens to the blood vessels?
Answers
Answer:
When we get too hot, sweat glands in the skin release more sweat. The sweat evaporates, transferring heat energy from the skin to the environment.
Answer:
Part1:
B.) They become smaller.
Part 2:
A.) they become larger
Explanation:
edge 2021
Listing contracts, disclosures, and seller net sheets all have to do with
an understanding of:
Answers
Answer:the seller's expected expenses related to the transaction and the expected profit based on a specific sales price.
Explanation:
combine like terms to simplify 13q2 + 4q2
Answers
Answer:
17q^2
Explanation:
you add the like terms and 13+4 is equal to 17
Richard has recently finished college and is about to prepare for his exam to become a certified public accountant. He wants to talk to other accountants to learn how best to prepare for this exam. Which professional organization would be most helpful for him to join?
Answers
Answer:
The accountant federation
Toss a fair coin 2n times. You earn $1 for each heads, and lose $1 for cach tails. Calculate the probabilities of the following events: (a) (3 pts) Your net return is 0. (b) (3 pts) Your net return is. (c) (4 pts) Your net return is a multiple of 4. Please justify of your answer. (d) (Bomus problem) Your final net return is 0, and your net return is never negative during the whole game.
Answers
The binomial distribution formula calculates the likelihood of a net return of 0. Getting n heads and n tails in 2n tosses is (0.5)^(2n) * (2n select n).
Summing the probabilities of getting more heads than tails when n is greater than n gives the chance of a positive net return. The binomial distribution formula can compute the probability of n+1, n+2,..., 2n heads.
Consider scenarios where the difference between heads and tails is divisible by 4 to determine the likelihood of a net return being a multiple of 4. The difference is 0, 4, 8,..., 2n. Summarise each difference value's probabilities.
The bonus problem of having a final net return of 0 and never a negative net return throughout the game requires more complex computations. The probability may involve dynamic programming to consider all possible sequences of heads and tails that satisfy these constraints.
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which factors help explain why the austin metro area has a higher average income than other major metro areas in texas?
Answers
The factor that helps explain why the Austin Metro Area has a higher average income than other major metro areas in Texas are many big firms located in the area.
This is because the Austin Metro Area comprises many big firms that cut across all industry sectors. This area is known to have the largest employers within the City of Austin.
Aside from the government as the major employer in the area, some other top firms in these areas include Advanced Micro Devices, Apple, Inc., Austin Independent School District, IBM, Ascension Seton Healthcare Network, St. David's HealthCare Partnership, Samsung Austin Semiconductor, the University of Texas at Austin, etc.
Hence, in this case, it is concluded that the Austin Metro Area has a higher average income than other major Metro Areas in Texas because it is home to many top industries.
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why would a firm record the number of abandoned virtual carts on its website?
Answers
A firm would record the number of abandoned virtual carts on its website for several reasons:
Conversion rate analysis: Tracking the number of abandoned carts provides insights into the conversion rate of visitors to actual customers. By understanding how many visitors add items to their carts but do not complete the purchase, the firm can assess the effectiveness of its website, user experience, and checkout process. It helps identify potential bottlenecks or issues that may be hindering conversions.
Customer behavior analysis: Analyzing abandoned carts helps the firm understand customer behavior and preferences. It can provide insights into why customers abandon their carts, such as high shipping costs, complex checkout process, unexpected fees, or lack of payment options. This information allows the firm to make improvements and address customer concerns to increase conversions.
Retargeting opportunities: Abandoned carts present an opportunity for remarketing and retargeting efforts. By capturing customer information during the checkout process, the firm can reach out to customers who abandoned their carts with targeted reminders, personalized offers, or incentives to encourage them to complete the purchase. This can help recover potentially lost sales and improve customer retention.
Optimization and improvement: Monitoring abandoned carts helps the firm identify trends, patterns, and common reasons for abandonment. This information can be used to optimize the website, streamline the checkout process, and address any friction points. By continually improving the website and addressing customer concerns, the firm can increase conversions and overall sales performance.
Overall, tracking the number of abandoned virtual carts provides valuable insights that can guide strategic decision-making, improve customer experience, and drive better conversion rates for the firm's e-commerce operations.
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A firm would record the number of abandoned virtual carts on its website because it is an important metric that can provide valuable insights into the effectiveness of their e-commerce strategy.
When customers abandon their virtual carts, it could be an indication that they encountered a problem during the checkout process, such as a technical issue or a confusing user interface. By analyzing the number of abandoned carts, firms can identify areas for improvement and make necessary changes to reduce cart abandonment rates.
Additionally, recording the number of abandoned virtual carts can help firms understand the behavior of their customers. It can provide information on which products are popular but not being purchased, or the types of customers who are abandoning their carts. This information can be used to create targeted marketing campaigns or personalized offers to entice customers to complete their purchases.
In summary, recording the number of abandoned virtual carts can provide valuable insights into a firm's e-commerce strategy, improve the user experience, and drive sales.
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True/False
1. A thank you note sent after a job interview will serve as a reminder to those people you met.
2. When giving the time of your emploment on your resume, be sure to specify only the year of starting and ending of each job.
3. If an interviewer asks you what your weakness are, you should think for a moment before answering.
4. To prevent discrimination, all applicants for a job should be asked the same questions during an interview.
Answers
A thank you note sent after a job interview will serve as a reminder to those people you met is a false statement
2. False
3. False
4. False
What is an interview for a job?A job interview is known to be a kind of conversation tak that is said to occurs between a said and potential employer and that of a job applicant.
Note that During the job interview, the employer is one who has a lot of opportunity to appraise any kind of applicant's qualifications, as well as their appearance and full fitness in regards to the job opening.
Hence, A thank you note sent after a job interview will serve as a reminder to those people you met is a false statement
2. False
3. False
4. False
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a major weakness of a partnership is . its high organizational costs. the difficulty in liquidating or transferring ownership the double taxation of income the difficulty in maintaining owners' control
Answers
a major weakness of a partnership is the difficulty in liquidating or transferring ownership.
What do you mean by liquidation, exactly?Liquidation is the process of selling off assets and using the proceeds to settle debts with shareholders and creditors. It begins when a company fails and is unable to pay its debts. A company may choose to liquidate itself voluntarily if it wishes to close its doors and sell its assets.
What is the main weakness of a partnership?One drawback of a partnership is that: The partners' culpability for the company's debts is uncapped. Each partner is "jointly and severally" liable for the debts of the partnership, which indicates that each partner is answerable for both the whole amount of the debts and their respective proportionate share of the debts.
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can you please provide me diagram of zachman framework for shoes manufacturing industry.
Answers
By using the Zachman Framework, you can make sure that your shoes manufacturing process is aligned with your business goals and that it is as efficient and effective as possible.
What: The what layer defines the business entities and data that are involved in the shoes manufacturing process. This includes things like the different types of shoes, the materials used to make them, and the steps involved in the manufacturing process.
How: The how layer defines the processes and procedures that are used to manufacture shoes. This includes things like the order of operations, the resources that are needed, and the metrics that are used to measure performance.
Where: The where layer defines the physical locations where shoes are manufactured. This includes things like the factories, the warehouses, and the transportation networks.
When: The when layer defines the time horizon for the shoes manufacturing process. This includes things like the lead times, the delivery schedules, and the warranty periods.
Who: The who layer defines the people and organizations that are involved in the shoes manufacturing process. This includes things like the customers, the suppliers, and the employees.
Why: The why layer defines the reasons why shoes are manufactured. This includes things like the market demand, the strategic goals, and the financial objectives.
The Zachman Framework is a powerful tool for understanding and managing complex business processes. By using the framework, you can ensure that your shoes manufacturing process is well-defined, efficient, and effective.
Here is an example of how the Zachman Framework can be used to improve the shoes manufacturing process:
In the what layer, you could define a new type of shoe that is made from recycled materials.
In the how layer, you could develop a new process for manufacturing shoes that is more environmentally friendly.
In the where layer, you could identify new locations where shoes could be manufactured that are closer to customers.
In the when layer, you could shorten the lead times for shoes by using more efficient manufacturing processes.
In the who layer, you could train employees on new skills that are needed to manufacture shoes using recycled materials.
In the why layer, you could define a new strategic goal for the company to become the leading manufacturer of sustainable shoes.
By using the Zachman Framework, you can make sure that your shoes manufacturing process is aligned with your business goals and that it is as efficient and effective as possible.
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Although channels of distribution allow consumers and industrial users access to products from all over the world, they do not guarantee that consumers will be able to purchase anything they want. Tiny time they want. Certain products may only be available in limited supplies. Because of supply and demand, channel members may be able to charge higher prices for coveted products. This may be fine for a designer handbag, but what if the product is more basic, like fresh water or medical supplies? Or, let's say there is a hurricane or tornado in a certain part of the country, and many people need to repair their homes and roofs. Is it OK for channel members to mark up hardware products during this time to make a bigger profit?
Answers
Answer:
We can more easily obtain products from all over the world. Channels of distribution allow consumers, industrial users, producers, and other channel intermediaries to save time and money. They also allow us to more easily obtain products from all over the world, since we do not have to travel and search for each individual item we wish to purchase.
A 6.60 percent coupon bond with 15 years left to maturity is priced to offer a yield to maturity of 7.4 percent. You believe that in one year, the yield to maturity will be 6.9 percent. What is the change in price the bond will experience in dollars?
Answers
Answer:
The price will increase by $44.67
Explanation:
Price of the bond now
Use following formula to calculate the price of the bond
Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]
Where
F = Face value of the bond = $1,000
C = Coupon payment= $1,000 x 6.60% = $66
n = Number of periods = 15 years
Market Rate = 7.4% annually
( Assumptions:
Face value of the bond is $1,000
Coupon payments ares made annually )
Placing values in the formula
Price of the Bond = $66 x [ ( 1 - ( 1 + 7.4% )^-15 ) / 7.4% ] + [ $1,000 / ( 1 + 7.4% )^15 ]
Price of the Bond = $928.94
Now calculate the price after one year
Where
F = Face value of the bond = $1,000
C = Coupon payment= $1,000 x 6.60% = $66
n = Number of periods = 15 years - 1 = 14 years
Market Rate = 6.9% annually
( Assumptions:
Face value of the bond is $1,000
Coupon payments ares made annually )
Placing values in the formula
Price of the Bond = $66 x [ ( 1 - ( 1 + 6.9% )^-14 ) / 6.9% ] + [ $1,000 / ( 1 + 6.9% )^14 ]
Price of the Bond = $973.61
Change in price = $973.61 - $928.94 = $44.67
Fabio Corporation is considering eliminating a department that has a contribution margin of $30,000 and $60,000 in fixed costs. Of the fixed costs, $15,000 cannot be avoided. The effect of eliminating this department on Fabio's overall net operating income would be: Group of answer choices a decrease of $15,000. a decrease of $30,000. an increase of $15,000. an increase of $30,000.
Answers
Answer is in a photo. I can only upload it to a file hosting service. link below!
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Question 2 of 40
What does the 'P' in the acronym PEST stand for?
A. Price
B. Political
C. Promotion
O D. Positive
SUBN
Answers
Answer:
The answer would be B. Political.
Explanation:
PEST Analysis (Political, Economic, Social, and Technological) is a management method whereby an organization can assess major external factors that influence its operation in order to become more competitive in the market. As described by the acronym, those four areas are central to this model.
The 'P' in the acronym PEST stands for political. The correct option is B. Political, Economic, Social, and Technological analysis is known as PEST analysis. This kind of analysis is used to evaluate outside variables that might affect a company's profitability.
What is political in PEST analysis?The threats and weaknesses used in a SWOT analysis are found using a PESTEL analysis. Political factors include government leadership, change, and policies related to foreign trade, as well as internal political issues and trends, tax policy, and trends in regulation and deregulation.
A measurement tool called PEST Analysis is used to evaluate markets for a specific product or industry over a specific period of time. Political, Economic, Social, and Technological (PEST) factors Organizations can make better business decisions after these factors are analyzed.
Thus, the ideal selection is option B.
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Which of the following can result from inflation in the United States?
A. Currency exchange rates remain the same.
b. Investors buy products in other countries.
c. The price of goods in the United States falls.
d. The value of the U.S. dollar increases.
Answers
Answer:
Investors buy products in other countries (B)
Explanation:
Out of all the answers
(A) Currency exchange rates remain the same. No
(B) Investors buy products in other countries. YES
(C) The price of goods in the United States falls. No
(D) The value of the U.S. dollar increases. No
The reason why it is not A, B, or C. When inflation happens the currency exchange rates are lower cause our inflation The Price Of goods doesn't fall it actually rises, and the value of the dollar actually decreases due to inflation. It just makes sense for investors to buy from other countries where they can pay less for what they get here in the United States.
The result from inflation in the United States can investors buy products in other countries. The correct option is (b).
What do you mean by the inflation in USA?A loss of purchasing power over time, or inflation, means that your dollar will not buy as much as it did today. The annual change in prices for a basket of goods and services is commonly used to measure inflation. There are two primary inflation indicators in the US.
According to John Taylor, a Stanford economist, monetary policy is a significant factor in the rise in inflation.
According to Stanford economist John Taylor, inflation increases when the Federal Reserve sets an interest rate that is too low or when the growth of the money supply is too rapid, as it is at the moment.
Uneven price increases during an inflationary period certainly lower some consumers' purchasing power.
Therefore, the result from inflation in the United States can investors buy products in other countries.
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Annoying isn't it. When people purposely answer your question when they know it's completely useless. Kinda like how I specifically told people NOT to answer the questions I asked because I was doing an experiment, and every time I did that, two people purposely answered my question when they were told not to.
People are d. i. c. k. s.
Answers
Answer:
wow
Explanation:
I'm gonna type a random answer
definition of the term small business
Answers
Answer:
make me brainalist and keep smiling dudeExplanation:
Small business is defined as a privately owned corporation, partnership, or sole proprietorship that has fewer employees and less annual revenue than a corporation or regular-sized business.refer to scenario 2.6. margie believes this is the optimal time to seize upon this opportunity. through the bike's patented design, her company has capabilities that fit the unique demands of this growing market. margie wants to capitalize on this opportunity before these market trends have a chance to change. this period for margie's firm is known as a . a. strategic window b. sales boost c. core competency d. competitive advantage e. product opportunity
Answers
According to the statement, this period for margie's company is known as a strategic window. The correct answer is A.
A strategic window is a period of time where a company can take advantage of a unique opportunity to capitalize on a growing market before the market trends have a chance to change.
In this case, Margie's company has the capabilities to meet the unique demands of the growing market due to its patented design, so she wants to take advantage of this opportunity before the market trends have a chance to change.
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News sources are helpful for generating ideas for topics tied to current events. True False
Answers
Answer:
The answer is True.
Explanation:
All people want is new ideas something they havent seen before.