If the price elasticity of supply is 0.8, and price increased by 5%, quantity supplied would increase by 4%.
What is price elasticity of supply?Price elasticity of supply is defined as the ratio of the percentage change in quantity supplied of a commodity to the percentage change in price.
It means that the responsive change in the quantity supplied in relation to the price of the commodity.
The formula of Price elasticity of supply is:
\(\text{Price Elasticity of Supply}=\dfrac{\text{\%Change in quantity Supplied}}{\text{\%change in price}}\)
Now, according to the given information,
Price Elasticity of Supply = 0.8, and
Price increased = 4%
Now, by applying the values in the above formula to get the Price Elasticity of Supply:
\(\text{Price Elasticity of Supply}=\dfrac{\text{\%Change in quantity Supplied}}{\text{\%change in price}}\\\\\%\text{Change in quantity Supplied}= 0.8 \times 5\\\\\%\text{Change in quantity Supplied}=4\%\)
Therefore, option A is correct.
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Which form of business organization contains the feature known as limited liability?.
Answer:
it's what's known as an LLC.
What is JROTC?
Pls answer
Answer:
Junior Reserve Officers' Training Corps
Explanation:
The Junior Reserve Officers' Training Corps (JROTC -- commonly pronounced "JAY-rawtsee") is a federal program sponsored by the United States Armed Forces in high schools and also in some middle schools across the United States and United States military bases across the world.
Sources: Google and Wikipedia
Answer:
an organization for future politicians
Explanation:
Question 6 of 10
Which sentence best completes the diagram?
Globalization
?
A. Incomes improve for poor people in all countries.
OB. Fewer companies have a need for natural resources.
OC. Natural resources move from poor to rich countries.
D. Local businesses face less international competition.
Answer:
answer is c
Explanation:
yes
For most products, higher prices result in a decreased demand, whereas lower prices result in an increased demand. Let
d = annual demand for a product in units
p = price per unit
Assume that a firm accepts the following price-demand relationship as being realistic:
d = 800 - 10p
where p must be between $20 and $70.
How many units can the firm sell at the $20 per-unit price? Round your answer to the nearest whole number.
d = units
At the $70 per-unit price? Round your answer to the nearest whole number.
d = units
What happens to annual units demanded for the product if the fim increases the per unit price from $26 to $27?
At $20,
D = 800-10p
D =800-10*20
expected annual demand (D) = 600
At $70,
D = 800-10p
D = 800-10*70
D = 100
D = 800-10p
D = 800-10*26
expected annual demand (D) = 540
If the firm raises the unit price from $26 to $27.
D = 800-10p
D = 800-10*27
expected annual demand (D) = 530
The number of units that the company can sell is reduced by ten, from 540 to 530.
D = 800-10p
D = 800-10*42
expected annual demand (D) = 380
If the firm raises the unit price from $42 to $43.
D = 800-10p
D = 800-10*43
expected annual demand (D) = 370
The number of units that the company can sell is reduced by ten, from 380 to 370.
A single-unit increase in price results in a ten-unit decrease in quantity demanded.
Total revenue (TR) is calculated by multiplying annual demand by unit price.
Total revenue = D*p
Total revenue = (800-10p)*p
Total revenue = 800p-10p^2
At $30,
Total revenue (TR) = 800*30-10*302
Total revenue (TR) = 15,000
At $40,
Total revenue = 800*40-10*402
Total revenue (TR) = 16,000
At $50,
Total revenue (TR) = 800*50-10*502
Total revenue (TR) = 15,000
As a result, a price of $40 maximizes Total Revenue.
At $40,
the expected annual demand is D = 800-10*40
expected annual demand (D) = 400, and
the total revenue is equal to = 400*40
total revenue = $16,000.
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what is one of the effects that the internet has had on bussiness?
Customers must register before being allowed to order wine over the Internet so that legal age can be established. You know that the module to verify registration must be written and tested using data from Grapevine's existing database. This new module cannot be tested until the data from the existing system is loaded. You are going to hire a vendor to perform the programming and testing tasks for this module to help speed up the project schedule. Since they'll have access to your customer list and potentially other trade secrets, you'll asked them to sign a nondisclosure agreement. This is an example of which of the following?
A. Procurement documents
B. Standard form
C. Organizational process asset
D. Fixed cost contract
Answer:
D. Fixed cost contract
Explanation:
The number of seats a table can have is usually expressed as the number and the word "top". You can have 17, 4-top tables, 28, 2-top tables, 15, 6-top tables and 5, 10-top tables. How many can your restaurant seat?
A) 244 seats
B) 264 seats
C) 288 seats
D) None of the above
Answer:
B) 264 seats
Explanation:
'Top' is the number of seats per table.
17 tables with 4 seats will have
17 x 4 = 68 people
28 2-top tables
28 x 2 =56 seats
15, 6-top tables
15 x 6 =90 seats
5, 10-top tables.
5x10 = 50 seats
Total number of people who can seat
= 68 + 56 +90 +50
=264 seats
What are the differences between an increase in quantity of an economy's factors of production and an increase in the quality of an economy's factors of production?
Answer:
All factors have their own role to produce any item or service. We need four factors.
Land( a specified place)
labor
capital( money or equipment)
Entreprenuer( owner or manager who can take independent decisions)
There are many other invisible factors which can be added in above four important factors.
So any big or small factor contributes in making any product.
Explanation:
What are examples of Human Services careers? Select four options. Chief Executive Receptionist Hairstylist Funeral Director Child Care Worker Reporter Mental Health Counselor.
The examples of Human Services careers include options C, D,E and F hairstylist, funeral director, child care worker, and mental health counselor
What is Human Services Careers about?Human services is refers to as the jobs that mainly include those employees who overcome the issues of people along with counseling and rehabilitation.
The main purpose of these services is to increase the lives of people in need. They closely examine the problems including providing helpful strategies that might help to other people to modify their behaviors.
Therefore, correct options are C,D, E and F.
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Answer:
CDEG
Explanation:
Just did the test
In designing a bonus structure to reward your production managers, one of the options is to reward the managers based on reaching annual income targets. What are the differences between a reward system for a company that uses absorption costing and one for a company that uses variable costing?
In a reward system for a company that uses absorption costing and bonuses will be based on production, while in variable costing it will be based on sales.
What is a rewards system?It is an organizational strategy to provide a bonus structure for employees who achieve certain goals and objectives stipulated in a period of time, being an instrument of motivation for employees to commit to their tasks.
Therefore, absorption and variable costing methods will impact the organizational reward system by the scope of the company's expected results.
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Carmax is a national chain that sells used cars. the likely impact of its arrival in the market would be to _____. everything else held constant, this would likely _____ the price of used cars.
Answer:
1. shift the supply of used cars to the right
2. lower
Explanation:
1. With carmax's arrival in the market this has caused the number of sellers to increase thereby shifting the supply curve to the right. An increase in the number of sellers increases the quantity supplied at each price.
2. Since the supply of used cars have increased and demand remains the same, there will be a surplus in the market for used cars resulting in lowered prices of used cars.
Think of an example of a negative brand-name search, and what a PPC (paid-per-click) ad that offers the company’s point of view may look like.
Can you think of another situation where these insights can be beneficial to a company?
A negative brand-name search could be for reviews about a company or product that are not favorable.
A PPC ad offering the company's point of view may look like: "We understand that some of our customers may have had a less than positive experience. We're dedicated to providing excellent customer service and hope you'll give us another chance."
Another situation where these insights can be beneficial to a company is when potential customers are searching for information about their services or products. A PPC ad offering the company's point of view may look like: "We know that you want quality service at an affordable price. At XYZ Company, we strive to provide that and more!"
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What information system would be most useful in determining what direction
to go in the next two years?
O A. Transaction processing system
B. Decision support system
C. Executive information system
D. Management information system
Answer:
C- Executive information system
Explanation:
AP3X
In describing what adaptive expectations means to a friend, you explain that in order to make their economic condition forecasts, agents?
In describing what adaptive expectations means to a friend, you explain that in order to make their economic condition forecasts, agents "Consider only the past and ignore current information". (Option C)
What are adaptive expectations?An hypothesized process by which individuals construct their expectations about what will happen in the future based on what has already occurred is known as adaptive expectancies in the field of economics.
For instance, if someone wants to predict the rate of inflation in the future, they may look at historical inflation rates to deduce some trends, and the more years they take into account, the more accurate their prediction would be.
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Full Question:
In describing what adaptive expectations means to a friend, you explain that in order to make their economic condition forecasts, agents?
A) Use both past and current information
B) Consider only current information and ignore the past
C) Consider only the past and ignore current information
as a result of the production of crops in the colonies established by european countries, ensued as sellers and buyers exchanged valuables in a somewhat free market system
The production of crops in the colonies established by European countries led to the emergence of a somewhat free market system, where sellers and buyers exchanged valuables based on supply and demand dynamics. This system played a crucial role in the economic development of the colonies.
In the colonies established by European countries, the production of crops had a significant impact on the emergence of a somewhat free market system. Here's a step-by-step explanation:
1. The European colonizers introduced new crops to the colonies, such as tobacco, sugar, and cotton. These crops were cultivated on a large scale to meet the demand in Europe.
2. The increased production of these cash crops led to the establishment of plantations and farms in the colonies. This created a surplus of agricultural goods available for trade.
3. Sellers and buyers engaged in exchange of these valuable crops in a somewhat free market system. This means that transactions were influenced by supply and demand, allowing for negotiations and competition.
4. The establishment of a market system facilitated economic growth in the colonies. It created opportunities for merchants, traders, and farmers to engage in commercial activities and generate income.
5. The flow of goods and wealth between the colonies and Europe resulted in economic interdependence. This interconnectedness further fueled the growth of the market system.
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This assignment will help you apply porter's forces to an organization to find competitive opportunities using technology. ASSIGNMENT In this assignment you will choose an organization, and then walk through each force and ultimately choose a technology strategy to create an advantage. - Choose an industry, and then choose an organization within that industry. Describe both briefly. - Using Porter's Five Forces, for each force describe a 'problem' and an 'opportunity' within each force for the organization you selected in the above step. For Example: If I chose fast food and McDonald's, a problem for McDonalds in the customer force is that customers are increasingly becoming health focused. An opportunity for McDonald's would be to explore 'power shakes' that include workout supplements. - Next, examine the four basic competitive strategies. For each strategy, identify your selected organization's main competitor that would fit in that strategy (describe why you feel it fits). Which strategy (area) provides the most opportunity for your organization and which area does your organization belong to? - Finally, make a statement on what your selected organization's strategy should be.
Industry and Organization The industry that has been chosen for this analysis is the Automobile industry. The organization that has been selected for this analysis is Tesla. Tesla is an American company that specializes in the manufacturing of electric vehicles, solar panels, energy storage, and related products. Tesla is considered as one of the leading companies in the electric vehicle industry.Porter's Five Forces Porter's Five Forces is a framework that is used for industry analysis and is utilized to identify the competitive intensity of an industry.
The five forces are Supplier Power, Buyer Power, Competitive Rivalry, Threat of Substitution, and Threat of New Entry. The following is the analysis of each force for Tesla.Supplier Power The supplier power is considered to be low for Tesla as the company produces most of its own parts and components. Furthermore, Tesla has partnerships with suppliers that help the company in maintaining a steady supply chain. The opportunity for Tesla is to invest in research and development to find new materials and reduce the cost of manufacturing.Buyer Power The buyer power is moderate for Tesla as the company has a loyal customer base, which has a limited number of choices in the electric vehicle market. The opportunity for Tesla is to expand its product line and cater to a wider customer base.Competitive Rivalry The competitive rivalry in the electric vehicle industry is intense with companies such as BMW, Chevrolet, and Nissan as its competitors. Tesla has a competitive advantage due to its brand image, superior technology, and charging infrastructure. The opportunity for Tesla is to expand its presence in the market and focus on its unique selling points.Threat of Substitution The threat of substitution for Tesla is moderate, as some customers might opt for hybrid vehicles or traditional gasoline vehicles. The opportunity for Tesla is to expand its product line and offer vehicles with different price ranges and models.Threat of New Entry The threat of new entry is low for Tesla as the company has established itself as a leading company in the electric vehicle market.
Furthermore, the company has an extensive charging infrastructure and access to a large pool of talent. The opportunity for Tesla is to expand globally and reach out to untapped markets.Competitive Strategies The four basic competitive strategies are Cost Leadership, Differentiation, Cost Focus, and Differentiation Focus. The following is the analysis of each strategy for Tesla.Cost Leadership The main competitor that fits in this strategy for Tesla is Chevrolet Bolt. Chevrolet Bolt has a lower price point as compared to Tesla, but Tesla has an advantage in terms of range, charging infrastructure, and technology. Tesla should focus on reducing the cost of manufacturing and introducing an entry-level electric vehicle to cater to the mass market. Differentiation The main competitor that fits in this strategy for Tesla is BMW i3. BMW i3 is considered to be a premium electric vehicle that has a unique design and advanced features.
Tesla should focus on developing innovative technologies and expanding its product line to cater to a wider customer base.Cost Focus The main competitor that fits in this strategy for Tesla is Nissan Leaf. Nissan Leaf has a lower price point as compared to Tesla, but Tesla has an advantage in terms of range, charging infrastructure, and technology. Tesla should focus on reducing the cost of manufacturing and introducing an entry-level electric vehicle to cater to the mass market.Differentiation Focus The main competitor that fits in this strategy for Tesla is Porsche Taycan. Porsche Taycan is considered to be a premium electric vehicle that has a unique design and advanced features. Tesla should focus on developing innovative technologies and expanding its product line to cater to a wider customer base.
The strategy that provides the most opportunity for Tesla is Differentiation as it is an established brand that has a loyal customer base. Tesla should focus on introducing new products, expanding its charging infrastructure, and improving its technology. Tesla belongs to the Differentiation area.StatementTesla should focus on differentiation and offer unique products and services that cater to the needs of its customers. Tesla should expand its charging infrastructure and invest in research and development to improve its technology. Tesla should also consider introducing an entry-level electric vehicle to cater to the mass market.
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who here from K12? (sorry for asking this question)
Answer:
Explanation:
Answer:
Not I.
Explanation:
This is just constructive criticism, but I don't recommend listing your school here.
__ __ started with automobile, not crop insurance, as it might sound?
Chubb insurance started with automobile, crop insurance, as it might sound.
Automobile insurance offered by Chubb does not only provide protection against risks of damage or loss, but also against the Insured’s legal liability to third parties.
What is Chubb crop insurance?Chubb Agribusiness depicts remote America and is based on property and casualty offerings that provide large commercial agricultural coverages (for producers, processors and distributors) and farm and ranch property risk coverages.
Therefore, the correct answer is as given above
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which one of the following items is a source of cash from financing activities in the statement of cash flows? a. Sale of property, purchase of equity securities, loans to others. b. Sale of goods, receipt of dividends, repurchase of firm's own stock. c. Proceeds from borrowing, payment of dividends, receipt of dividends. d. Payment to lenders, proceeds from issuing common stock, revenue.
Option c is correct. The following items, which are sources of funds from financing activities in the statement of cash flows, are proceeds from borrowings, dividend payments, and dividend receipts.
Cash Flows from Financing Activities (CFF) is a section of a company's cash flow statement that shows the net cash flows used to fund the company.
Cash flow from financing activities gives investors an indication of a company's financial strength and how well the company's capital structure is managed.
Cash flows from financing activities is the section of a company's cash flow statement that shows the net cash flows used to fund the company. This depends on the company's different capital structures, dividend policies, or debt situations.
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When people get satisfaction from charitable giving, they are ______.
When people give because they get satisfaction from doing so, they are said to be acting out of rational self-interest.
What does it mean to act out of rational self-interest?It means that your decisions are based on catering for what gives you satisfaction. Explains why people engage in certain behaviors.Certain behaviors give people satisfaction and this theory explains that this prompts them to engage in such behavior. Those who gain satisfaction from being charitable are abiding by this theory as they only give because it makes them satisfied.
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Which of the following statements is insufficient to create income tax nexus for a New York foriegn corporation?
a. A foreign corporation owns equipment in New York but all other activity is performed in New Jersey
b. A foreign corporation owns real property in Brooklyn, but does not sell or provide services to New York customers.
c. A foreign corporation maintains an office in Manhattan where sales orders are taken.
d. A foreign corporation has New York receipts of $500,000
The statement that is insufficient to create income tax nexus for a New York foreign corporation is: A foreign corporation has New York receipts of $500,000
To establish income tax nexus in New York, a foreign corporation typically needs to have a substantial connection or presence in the state. This can be determined by various factors, including but not limited to physical presence, economic activity, or revenue thresholds.
In options a, c, and d, there are elements that could potentially create income tax nexus for a foreign corporation in New York:
a. A foreign corporation owns equipment in New York but all other activity is performed in New Jersey.
While the majority of the corporation's activity occurs in New Jersey, the ownership of equipment in New York can create a physical presence and potentially establish nexus in New York, depending on the specific circumstances.
c. A foreign corporation maintains an office in Manhattan where sales orders are taken.
Maintaining an office in New York, even for the purpose of taking sales orders, creates a physical presence and can create income tax nexus for the foreign corporation.
d. A foreign corporation has New York receipts of $500,000.
Reaching a revenue threshold, such as $500,000 in New York receipts, can create income tax nexus for a foreign corporation in New York.
However, option b does not involve any sales or services to New York customers, which significantly reduces the likelihood of creating income tax nexus. Owning real property alone, without engaging in revenue-generating activities in New York, is generally insufficient to establish income tax nexus.
It's important to note that determining income tax nexus is a complex matter and can be influenced by various factors, including specific state laws, regulations, and other activities not mentioned in the options provided. Consulting with a qualified tax professional or attorney is advisable to assess the specific circumstances and determine if income tax nexus exists for a foreign corporation in New York.
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Team players are sought-after employees
True
False
Answer:
true,
Explanation:
TRUE OR FALSE: Take-home pay minus total living expenses equals money available for savings and investment
Answer:
TRUE
Explanation:
Take-home pay is the gross pay minus all deductions. Deductions include statutory and voluntary deductions. Take home is the money that gets to the employee's bank account.
In most households saving and investment are done after meeting the basic expenses. In other words, people will save or invest after meeting their basic needs. Therefore, take home minus total expenses necessary for life is saving and investment
If during the fiscal year, the federal government takes in $3 trillion in taxes, but
spends $4 trillion, the government will have run what is called
Answer:
A fiscal deficit
Explanation:
A fiscal deficit is a condition where the government expenditures exceed its income. It is when the total budgeted expenditure estimates are more than the projected government's income. A government that budget deficits year after year is living beyond its means.
The actual fiscal deficit can be calculated by subtracting the expenditure from the projected income. In this case, the government fiscal deficit will be $1 trillion.
Purchasing, sales, and merchandising are all related careers. What do they have
in common?
Explanation:
They all have a cycle, and have something to do with money. The merchandisers promote the items, people sell them , and purchasers buy them. Simple.
Answer:
i agree with her/him They all have a cycle, and have something to do with money. The merchandisers promote the items, people sell them , and purchasers buy them.
Explanation:
What are the two factors used to calculate productivity?
A. Goods produced and number of customers
B. Resources invested and goods lost
C. Goods produced and employees hired
D. Goods produced and resources invested
Goods produced and resources invested re the two factors used to calculate productivity.
How productivity is measured?Productivity is measured from different factors in the organization like the profit generate from the sales, number of customer increases, the amount of money invested in the company, the goods that are consumed of sell within span of time and others.
Thus, option D is correct.
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Answer:
Goods produced and resources invested
Explanation:
An Investment Adviser Representative buys shares of ABC in his own personal account and then contacts his clients and advises them to buy ABC. This practice is known as
Answer:
Front running
Explanation:
In simple words, Front-running can be understood as the broker's selling in stock items or some other ongoing financial commodity that has insider information of a potential sale that is going to greatly impact its value. A broker might be front-running on the basis of insider information that his or her business is about to present customers with a buy or sell suggestion that would almost definitely impact an investment's price.
suppose that forever 21 corporation has total assets of 3578000, common stock of 939000, and retained earnings of 576000 at december 31, 2025. what are the creditors claims on their assets at that date
The creditors' claims on Forever 21 Corporation's assets at December 31, 2025, can be determined by subtracting the company's total stockholders' equity from its total assets.
The total assets of Forever 21 Corporation at December 31, 2025, are given as $3,578,000. This includes both tangible and intangible assets owned by the company. The common stock, representing the equity invested by shareholders, is stated as $939,000, and the retained earnings, which are the accumulated profits not distributed to shareholders, are reported as $576,000.
To determine the creditors' claims on the company's assets, we need to calculate the total liabilities, which includes the amounts owed to creditors. This can be done by subtracting the total stockholders' equity from the total assets:
Total Liabilities = Total Assets - Total Stockholders' Equity
Total Liabilities = $3,578,000 - ($939,000 + $576,000)
By performing the calculation, we can find the creditors' claims on Forever 21 Corporation's assets at December 31, 2025.
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What is the difference between the pre-reservation and installment
Answer:
is that reservation is the act of reserving, withholding or keeping back while installment is the act of installing; installation or installment can be a portion of a debt, or sum of money, which is divided into portions that are made payable at different times payment by installment is payment by parts at different
Lavonda’s very wealthy grandmother recently died. After her death, everything she owned totaled $1,000,000. However, her family was only given $700,000. What MOST likely happened to the other $300,000?
It was used to cover income taxes.
It was used to cover sales taxes.
It was used to cover excise taxes.
It was used to cover estate taxes.
Answer: wrong it is estate taxes
Explanation:
The most likely event happened to the other $300,000 that It was used to cover estate taxes. Thus last option is correct.
What is the meaning of Estate taxes?Estate Tax refers to the form of the tax in which a charge placed on a property owner's ability to transmit their possessions to others after passing away that takes the shape of a percentage of their taxable estate.
According to the above situation, the death of the Lavonda’s grandmother led to the implementation of the Estate Tax on her wealth of $1,000,000.
Therefore, the taxable estate to be included is $300,000. Thus last option is correct.
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