The Demand curve can be derived using real world data. Select one: True False
Answers
The demand curve is a graphical representation of the quantity of a good or service that consumers are willing and able to purchase at different prices.
It shows the relationship between price and quantity demanded, holding all other factors constant. In economics, the demand curve is one of the most fundamental tools for analyzing consumer behavior and market dynamics.
The demand curve can be derived from real-world data using several empirical methods. Regression analysis is a common method used by economists to estimate the relationship between price and quantity demanded. By collecting data on the quantity demanded at different price points, economists can use regression analysis to estimate the slope of the demand curve, which represents the change in quantity demanded in response to a change in price.
Another approach to deriving the demand curve from real-world data is to conduct surveys or experiments to observe consumer behavior. These methods involve collecting data on how consumers respond to changes in price, income, or other factors that may affect their purchasing decisions. Through these surveys and experiments, economists can estimate the shape and parameters of the demand curve, allowing them to make predictions about how changes in market conditions will affect consumer behavior.
In summary, the demand curve can be derived from real-world data using empirical methods such as regression analysis or surveys and experiments. These methods are essential for understanding consumer behavior and market dynamics, and they provide valuable insights for policymakers, businesses, and investors seeking to make informed decisions in the marketplace.
learn more about demand curve here
https://brainly.com/question/13131242
#SPJ11
Related Questions
Which learned skill will help jude develop a solid career in the accounting field? a. being detail-oriented b. being productive while working in isolation c. effective communication skills d. working with laws, rules, and regulations e. communication and presentation skills
Answers
Option D is the correct choice.
Working with laws, rules, and regulations is a talent Jude will use to build a strong career in accounting.
What do you mean when you say the accounting industry?
The practise of recording a business's financial transactions is known as accounting. As part of the accounting process, these transactions are collated, reviewed, and reported to oversight organizations, regulatory agencies, and tax collecting organisations.
Despite the fact that there are 12 separate disciplines of accounting, there are only three main types. These take the shape of tax accounting, management accounting, and financial accounting.
The terms "the concepts and practises of accounting," "keeping or preparing the financial records of transactions of the company," and "analysis, verification, and reporting of such data" are only a few of the definitions for accounting. Additionally, it alludes to the occupation of an accountant.
Working with laws, rules, and regulations is therefore a talent Jude will use to build a strong career in accounting.
For such more question on accounting
https://brainly.com/question/1033546
#SPJ4
____________ collusion can occur even when oligopolistic businesses do not directly communicate with each other; a-explicit b-implicit c-ordinary d-extraordinary
Answers
b-implicit collusion refers to a situation where oligopolistic businesses coordinate their actions and behavior without direct communication or explicit agreements.
Implicit It occurs through tacit understanding and shared knowledge of the market dynamics. While there is no formal agreement, firms may engage in actions that signal their intentions and align their strategies to collectively maximize profits. This can include actions such as price leadership, observing and matching competitors' pricing, or mirroring production levels. Implicit collusion is often difficult to prove but can be inferred from patterns of behavior that suggest coordination among competitors.
Learn more about Implicit here:
https://brainly.com/question/29657493
#SPJ11
What does good customer service include?
Answers
Answer:
Before entering an interview for a customer service job, get a handle on what good customer service means to you. Good customer service typically means providing timely, attentive, upbeat service to a customer, and making sure their needs are met in a manner that reflects positively on the company or business. Explanation: it is
Answer:
Great customer service means following best practices like valuing customers' time, having a pleasant attitude, and providing knowledgeable and resourceful resources, but that you also take things a step further to exceed — rather than just meet — expectations.
Explanation:my mom works for customerservice
Refer to exhibit 24-7. the maximum profits earned by a single-price monopolist producing good x are
Answers
Answer:
$4,500
Explanation:
hope i helped :)
there is a surplus of a new brand of cereal on the market. what will likely happen to the price of the cereal?
Answers
Answer:
The price of the cereal would fall.
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.
When there is a surplus of a new brand of cereal in the market. What will likely happen to the price of the cereal is that the its price would fall.
Question:
If a shortage exists in a market, then we know that the actual price is:
a. below the equilibrium price and quantity supplied is greater than quantity demanded.
b. below the equilibrium price and quantity demanded is greater than quantity supplied.
c. above the equilibrium price and quantity demanded is greater than quantity supplied.
d. above the equilibrium price, and quantity supplied is greater than quantity demanded.
Equilibrium Level
The level of stability in the economy is known as the equilibrium level. All the individuals in the economy are at the maximum welfare point at the equilibrium level.
Answers
If the price is below the equilibrium level, the quantity demanded will be more than the quantity supplied.
When all economic forces are working together, an economic equilibrium is said to exist. Without external inputs, economic variables largely stay at their equilibrium values. Economic equilibrium is a different idea from market equilibrium. Market equilibrium is the price at which supply and demand are equal in basic microeconomics. As a result, it is located halfway between the expected supply and demand curves. If the price is below the equilibrium level, the quantity needed will thus be more than the quantity offered. This is known as an insufficient supply or an excessive demand. This is referred to as the price cap.
Learn more about Equilibrium here:
https://brainly.com/question/28936832
#SPJ4
A good example of an industry that is nearly perfectly competitive is the market for. A.pharmaceutical drugs. B.utilities. C.ice cream. D.clothes. E.apples.
Answers
The market for (E) apples is a good example of an industry that is nearly perfectly competitive.
A perfectly competitive market is characterized by several conditions, including a large number of buyers and sellers, homogeneous products, ease of entry and exit, perfect information, and no market power. While no market is perfectly competitive in reality, some industries come close to meeting these conditions.
The market for apples can be considered nearly perfectly competitive because it typically involves a large number of buyers and sellers, and apples are generally homogeneous products. There are numerous apple growers and distributors, and consumers have many options to choose from. Additionally, there is relatively low entry and exit barriers in the apple market, allowing new producers to enter and exit the market freely.
However, it's important to note that the level of competition may vary across different regions and market segments within the apple industry. Factors such as branding, marketing, and quality differentials may introduce some level of product differentiation and market power for certain apple producers. Nevertheless, compared to industries such as pharmaceutical drugs or utilities, the apple market exhibits a higher degree of competition and aligns more closely with the characteristics of a nearly perfectly competitive market.
Learn more about perfectly competitive here:
https://brainly.com/question/13961518
#SPJ11
A Federal Reserve decision that shapes the economy by influencing interest rates and the supply of cash is known as
Answers
A Federal Reserve decision that shapes the economy by influencing interest rates and the supply of cash is known as monetary policy.
Monetary policy can have a significant impact on the economy by affecting borrowing costs, investment decisions, and consumer spending. The Federal Reserve has the power to adjust the federal funds rate, which is the interest rate that banks charge each other for overnight loans. By raising or lowering the federal funds rate, the Federal Reserve can influence other interest rates throughout the economy, such as mortgage rates and credit card rates.
Additionally, the Federal Reserve can adjust the supply of cash in the economy by buying or selling government securities. These actions can affect the overall level of economic activity and inflation.
To learn more about the Federal Reserve, visit: https://brainly.com/question/27217598
#SPJ11
3. The income elasticities of demand for movies, dental services, and clothing have been estimated to be 13.4, 11, and
1 0.5, respectively. Interpret these coefficients. What does it
mean if an income elasticity coefficient is negative?
Answers
The coefficients 13.4 and 11 is a luxury goods. The coefficient 0.5 is a necessity. If the demand elasticity is negative, the product is a poor good.
Income elasticity of demand is a measure of how much a good or service’s quantity changes when consumers’ incomes change. Depending on the nature of the good or service (i.e., whether it’s an inferior good, a luxury good, or a necessity), the income elasticity can assume different values.
For example, for a standard good that’s a luxury, income elasticity is positive and higher than one. In other words, the demand for luxury or high-end goods increases by more than the increase in consumer income.
To learn more about the demand elasticity, refer to the link:
https://brainly.com/question/30465432
#SPJ12
When social security is taken out of your paycheck, is all of that money being saved for your eventual retirement? how does that work?.
Answers
When social security is taken out of one's paycheck, not everything is saved for retirement.
What is social security?Social security is simply designed to pay retired workers that are 65 years and older.
In this case, social security is taken out of one's paycheck, not everything is saved for retirement. They are put in place to provide payments to those with limited incomes.
Learn more about social security on:
https://brainly.com/question/2149712
a systematic, objective process of gathering information about potential customers to guide marketing decisions is the definition of .
Answers
A systematic, objective process of gathering information about potential customers to guide marketing decisions is the definition of market research.
To make educated decisions about the product, price, place, and promotion, marketers conduct marketing research, which is the process of gathering various types of information about consumers and products. Utilizing customer insights obtained from gathering and analyzing marketing data, marketing research is a systematic process for identifying marketing opportunities and solving marketing problems.
Consumer behavior and economic trends are combined in market research to support and enhance your business concept. Understanding your customer base from the start is essential. Even when your company is still just a vision in your mind, market research allows you to lower risks.
Learn more about marketing research at:
brainly.com/question/30651551
#SPJ4
Which type of ma plan is an hmo plan that also covers some benefits out-of-network, generally at a higher cost?.
Answers
The type of ma plan is an hmo plan that also covers some benefits out-of-network, generally at a higher cost is: Private Fee-for-Service (PFFS), Medicare Supplement Insurance Plan.
What is medicare advantage plan?Medicare advantage plan can be defined as a health insurance coverage plan that help to cover the medical costs of people under the plan.
The type of Medicare advantage plan that also covers some benefits out-of-network are:
Private Fee-for-Service (PFFS)Medicare Supplement Insurance PlanPreferred Provider Organization (PPO)Point-of-Service (POS) Plan(right)Learn more about medicare here:https://brainly.com/question/1960701
#SPJ1
a project has six tasks which are required for completion: tasks a, b, c, d, e and f. the relationship between the tasks is described below: task a takes 8 weeks. task b takes 3 weeks. task a must be completed before beginning task c. task c takes 7 weeks. both tasks a and b must be completed before beginning task d. task d takes 3 weeks. task e takes 4 weeks. in order to begin task e, task c must first be completed. task f takes 6 weeks. in order to begin task f, task d must first be completed. which of the following is the correct earliest finish for task f? a project has six tasks which are required for completion: tasks a, b, c, d, e and f. the relationship between the tasks is described below: task a takes 8 weeks. task b takes 3 weeks. task a must be completed before beginning task c. task c takes 7 weeks. both tasks a and b must be completed before beginning task d. task d takes 3 weeks. task e takes 4 weeks. in order to begin task e, task c must first be completed. task f takes 6 weeks. in order to begin task f, task d must first be completed. which of the following is the correct earliest finish for task f? 19 26 6 17
Answers
The correct earliest finish for task f is 26 weeks.
To determine the earliest finish for task f, we need to calculate the earliest start and finish times for each task. We can do this using the Critical Path Method (CPM).
First, we determine the earliest start time (EST) and earliest finish time (EFT) for task a. Since task a takes 8 weeks, EST for task a is week 1 and EFT is week 8.Next, we determine the EST and EFT for task b. Since task b takes 3 weeks and can be done concurrently with task a, EST for task b is also week 1 and EFT is week 3.Now, we move on to task c, which can only begin after task a is completed. Therefore, EST for task c is week 9 (EFT for task a) and EFT is week 15 (EST plus task duration of 7 weeks).
Task d requires both tasks a and b to be completed. Since both tasks a and b can be done concurrently, EST for task d is week 4 (EFT for task b) and EFT is week 6 (EST plus task duration of 3 weeks).
Task e can only begin after task c is completed. Therefore, EST for task e is week 16 (EFT for task c) and EFT is week 19 (EST plus task duration of 4 weeks).Finally, we move on to task f, which requires task d to be completed. Therefore, EST for task f is week 7 (EFT for task d) and EFT is week 13 (EST plus task duration of 6 weeks).The critical path is the path that takes the longest time to complete. In this case, the critical path is a - c - e - f, which takes 26 weeks to complete (8 + 7 + 4 + 6). Therefore, the earliest finish for task f is 26 weeks.
learn more about critical path method here:
https://brainly.com/question/27715809
#SPJ11
Bonds are essentially...
A. illegal except for those issued by public utility companies.
B. either common or preferred types of bonds.
C. designed to help prevent trusts.
D. loans to a corporation.
Answers
Answer:
Its D pretty sure
Explanation:
Hope this helps :))
llus Patrick is selling a new hair product. He hopes to sell 10 bottles a month if he spends a one-time $100 on advertising. He is selling each bottle for $12. The product costs him $5.00 to make per bottle. What would the planned profit be after one year of sales?
A. $600 B. $740 C. $1050
Answers
Answer:
B. $740
Explanation:
In the given scenario we will be analysing the cost of production versus the revenue earned by Patrick. The difference between the two will give our profit
Total number of bottles produced a year = 10 * 12 = 120 bottles
Cost of production = Advertising + manufacturing cost
Cost of production = 100 + (120 * 5) = $700
Revenue = 120 * 12 = $1,440
Profit = 1,440 - 700 = $740
Write qnd explain 2 advantages that business can obtain by registering its name
Answers
There are a number of benefits when a business is registered, the main benefits are, limited liability and can open company bank accounts.
What is a Company?A company if registered as a limited liability is a company which can have a bank account on the company's name and also the owners of the company is entitled for the limited liability.
The limited liability is the waiver of liability from the owner of the company, when a company is registered as a limited liability it is separate from its owners and the owners are not personally liable for any losses made by the company.
In a case of a bankruptcy the owners will not pay the creditors of the company from their personal assets. However the company is liquidated and the creditors are paid off by the assets of the company.
Learn more about Company at https://brainly.com/question/27164600
#SPJ1
Now that Amazon does collect sales tax in most states, what other loopholes has Amazon found to evade other taxes?
(In depth response)
Answers
Another area in which Amazon has found another tax loophole in order to evade taxes is:
They make use of foreign based companies to receive payments from customers in another country.What is a Tax Loophole?This refers to the legal clauses which the rich people and corporations exploit in order to evade paying tax or paying as much as other people.
One tax loophole which is being used by Amazon to evade tax is the use of foreign based companies to receive payments from customers in another country and bypass HMRC.
Read more about tax loopholes here:
https://brainly.com/question/10248969
What is this? Please help!!!
Answers
Answer:
I would go with C but not completely positive
Explanation:
C is the only one that makes sense to me when it’s asking for an observation.
Police are investigating the site of a convenience store robbery. The glass door was
broken, and it looks as if several packages of cigarettes are missing from behind the
counter. One police officer notices a man walking past the store and gets an odd
feeling about him. He stops the man and insists on searching his pockets. Inside the
man's pockets, police find several packs of cigarettes. They arrest the man and
charge him with the crime. Unfortunately, the judge throws out the charges. What is
MOST likely the judge's reason for dismissal?
A-The man is under 18 years old.
B-The man did not have money to post bail.
C-The policeman did not have probable cause to search the man.
D-The policeman did not have enough evidence that the man was the robber.
Answers
The MOST likely judge's reason for dismissal is the policeman did not have enough evidence that the man was the robber. Thus the correct option is D.
What is Robbery?Theft or robbery is defined as the stealing of someone else's property without their permission and using force or a threat of force that exhibits fear in them to perform any action against them.
To prove a crime against someone requires one to submit enough evidence which helps to establish the claim as the justice system is based on evidence not on arguments.
In the given case, police found the activity of the men suspicious as they found cigarette packets from him. There is no evidence that he has stolen the cigarette packets might be possible he has purchased them.
So due to a lack of evidence against the person the Judge dismissal the case. Therefore, option D is appropriate.
Learn more about Robbery, here:
https://brainly.com/question/19151712
#SPJ2
If your company increases its market penetration, what is happening?
A The target market is growing.
В. More people in the target market are buying the company's product.
C. The market saturation of the target market has decreased.
D. Competitors who offer similar products are entering the market.
Answers
Answer: More people in the target market are buying the company's product.
Explanation:
Answer:
B.
More people in the target market are buying the company's product.
Explanation:
help
Heidi is attending an interview for the position of a childcare teacher. Which considerations should she keep in mind when she dresses for the interview?
Heidi should ensure that she wears business casual clothing because she may be asked to interact with the children. She should also ensure she is wearing a lot of jewelry to attract children. Heidi should ensure that her nails are short, because she might have to play with children. She should also ensure that her shoes are not clean, because she might get them dirty while playing with the children.
Answers
She needs to get her nails cut before the interview and should dress in business casual.
What qualifications do childcare teachers need?They use daily activities and lessons to educate toddlers and young children. Students in small groups will also receive additional support from a daycare teacher. A daycare teacher will also assist students who require more one-on-one time to learn lessons. In a daycare or preschool, a child care teacher works with younger kids. They have to watch over children and get them ready for kindergarten with a set schedule of play, rest, and activities. Taking care of their fundamental needs is one of these duties. Patience, sensitivity, and organisation are necessary traits. Usually, the work is done full-time.
To understand about child care visit :
https://brainly.com/question/3099858
#SPJ1
In economics a computer bought by a firm for its account keeping is classified differently to a computer bought by an individual for playing games and surfing the internet. Explain why.
Answers
Answer:
12
Explanation:
According to the video, which tasks are Special Education Teachers likely to perform? Check all that apply. teaching basic subject material driving students to and from school working with educational technology working with and meeting with parents preparing lesson plans volunteering in public libraries interviewing other teachers to hire
Answers
Answer:
Teaching basic subject material,working with educational technology,working with and meeting with parents,preparing lesson plans
Explanation:
Just took the assignment Hope this helped
Answer:
look at the picture
Explanation:
the nutribullet blender and shake weights became successful after appearing in television commercials that asked customers to call a toll-free number or go to a website to order the products. these are examples of . a. telemarketing b. mail retailing c. direct-response marketing d. home shopping e. catalog marketing
Answers
These are examples of telemarketing. As the nutribullet blender and shake weights became successful after appearing in television commercials. Hence, option A is correct.
What is telemarketing?Telemarketing is the practice of selling products or services over the phone. On occasion, businesses will call it "tele-sales" or "inside sales." The most well-known form of telemarketing is cold calling, in which a company calls a person for the first time with the intention of pitching them one of its products or services.
Sales agents, often known as telemarketers, will call potential customers on the phone or over web conferencing in order to offer them the supplied goods and services. Calling that is both inbound and outbound are the two types of telemarketing.
Thus, option A is correct.
For more information about telemarketing, click here:
https://brainly.com/question/27117186
#SPJ1
Grace's hourly salary is $16. If grace works more than 40 hours a week, then Grace gets overtime pay at 1 and 1/2 times the regular hourly rate for each hour worked over 40 hours. Last week, Grace worked 42 hours. What was the total pay last week? *
Answers
Answer:
The correct answer is $688
Explanation:
According to the given scenario, the calculation of total pay last week is as follows:
Total hours worked is 42 hours out of which normal hours is 40 and 2 hours is overtime
So,
= 40 hours × $16 + 2 hours × ($16 + $16 ÷ 2)
= $640 + 2 hours × $24
= $640 + 48
= $688
hence, the total pay last week is $688
________ occurs when one physical device, such as a smartphone, provides the functions that previously required many physical devices, such as gps navigators, flashlights, medical devices, credit cards, texting, and cellular phones.
Answers
Dematerialization occurs when one physical device, such as a smartphone, provides the functions that previously required many physical devices, such as GPS navigators, flashlights, medical devices, credit cards, texting, and cellular phones.
What is Dematerialization?
Dematerialization is the process by which customers can convert physical certificates into electronic balances.
Investors wishing to digitize their securities must open an account with the DP. The customer must pass the certificate registered in his/her own name to the DP in an unrecognizable way.
After electronic notification to NSDL, the DP will send the security to the relevant Issuer/R&T Agent. NSDL then notifies the Issuer/R&T Agent electronically of the digitization request using the NSDL storage system.
If the Issuer/R&T Agent finds the certificate in order, it will register NSDL as the holder of the security (the investor will be the beneficiary) and electronically send confirmation of the application to NSDL.
Upon receipt of such confirmation, NSDL will credit securities in the investor's custody account to her DP.
To learn more about Dematerialization here
https://brainly.com/question/29568963
#SPJ4
what is the term that identifies how frequently a customer purchases items?
Answers
The term that identifies how frequently a customer purchases items is known as the purchase frequency. Purchase frequency is the number of times a customer buys a particular product or service during a certain period.
It is an important metric for any company as it helps in identifying the most loyal customers who frequently purchase their products or services.
A higher purchase frequency indicates that the customers are more loyal to the brand or product, and they have a higher chance of buying the product again in the future.
On the other hand, if the purchase frequency is low, it means the customers are not loyal to the brand, and the company needs to make improvements to their product or service to attract more customers.
The purchase frequency is usually calculated by dividing the total number of purchases made by a customer by the length of time during which the purchases were made.
For example, if a customer makes ten purchases in a year, their purchase frequency would be 10 divided by 365 (the number of days in a year), which equals 0.027 or approximately once every 37 days.
Purchase frequency can be used to identify patterns in customer behavior and can help companies to create effective marketing strategies that are targeted at specific customer segments.
Learn more about purchase frequency here,
https://brainly.com/question/31645911
#SPJ11
Consider the businesses that began in the founders garages? What were the benefits of starting in there garage for these companies ? Would you ever consider starting your business in your garage why or why not
Answers
Some of the benefits of starting their companies in their garage to the businesses were:
Low costs of operations Allows for work at odd hours Comfortable and familiar environmentFor the benefits above given, I would consider starting my business in my garage.
What are the benefits of starting a business in a garage?When you have your business in your own garage, you won't have to pay for things like rent and utilities for the business alone which would save you from costs of operating.
You can also work at the garage in odd hours like the early mornings and late nights without worrying about safety or being too far from home.
Also, you can dress as comfortably as you like because you'll still be home. This will help with creativity.
These are good reasons why I would start my business from my garage.
Find out more on garage businesses at https://brainly.com/question/13684617
#SPJ1
Taxes on cigarettes are designed to a. lower the price to reflect their true benefits b . encourage farmers to grow more tobacco . raise the price to reflect their true costs d. restrict sales to government-owned stores
Answers
Answer:
c
Explanation:
A tax is a compulsory sum levied by the government or an agency of the government on goods and services. Taxes increases the price of a good. the aim of tax on cigarettes is to increase the price of cigarettes. this should discourage consumption of cigarettes. taxes on cigarette reflect the true cost of consuming cigarettes
A nonaffiliated owns 3% of an issuer's common stock. This person will be considered a control person if a spouse owns A) 8% of the issuer's common stock. B) any shares of the issuer's common stock. C) 5% of the issuer's common stock. D) 2% of the issuer's common stock.
Answers
Answer:
Option A. 8% of the issuer's common stock
Explanation:
If the accumulated ordinary share holding by the immediate family members is 10% or more than 10% then all the immediate family members who own ordinary shares of this company are considered control persons. This is because they can influence the decision making of the company and thus these personels are often termed as control person as they have some control of the company.