In the U.S., although the number of dairy cows has declined since 1960, production has increased because yield per cow has tripled.
The statement is true.
Give brief about the production in business.
Production is the process of mixing multiple inputs, both immaterial (such as plans or information) and material (such as metal, wood, glass, or polymers). In a perfect world, this output would be a product or service that is useful to others and has value. Production theory is the branch of economics that concentrates on production; it is closely connected to the consumption (or consumer) theory of economics.
Four Production Factors (Jiang, 2020)
Utilizing the initial inputs productively leads to the manufacturing process and outcome (or factors of production). Land, labour, and capital are regarded as the three major production components and are referred to as primary producer commodities or services. The output procedure does not appreciably change these fundamental inputs,
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The actual money multiplier is lower than the theoretical maximum because of _____ in the economy.
The actual money multiplier is lower than the theoretical maximum because of leakages in the economy.
Money leaves the economy as a result of some transactions. That is, the funds are not being used by other sectors of the economy. Leaks are present here.
Banks holding surplus reserves and people, companies, and foreign organizations keeping cash are both significant leakages. As a result of these activities, the maximum amount of money that may be made from a certain deposit is decreased.
Large corporations have manufacturing facilities or factories in less developed nations. These factories generate revenue for the firm, which is subsequently moved out from the host nation's economy and into the economy of the corporation involved. Leakage is the economic loss of the products and/or earnings.
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because the products of monopolistically competitive firms are ______ from other companies in their industry, the demand they face is ____ sloping
Because the products of monopolistically competitive firms are differentiated from other companies in their industry, the demand they face is downward sloping.
What is meant by the monopolistically competitive firm?When a large number of businesses provide rival goods or services that are comparable but imperfect alternatives, monopolistic competition exists. A monopolistic competitive industry has minimal entry requirements, and decisions made by any one firm do not immediately affect those of its rivals.
Monopolistic competition is a sort of market structure in which numerous businesses are present in a given sector and make comparable but distinctive goods. There is no monopoly enjoyed by any of the businesses, and each one pursues its own interests without regard to those of the others.
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Which of the following does AWS perform on its customer's behalf for EBS volumes to make it less prone to failure?
A. Replication of the volume across Availability Zones
B. Replication of the volume in the same Availability Zone
C. Replication of the volume across Regions
D. Replication of the volume across Edge locations
Replication of the volume in the same Availability Zone, AWS perform on its customer's behalf for EBS volumes to make it less prone to failure.
Thus, option b) is the correct answer.
What is Amazon Web Services?
AWS, a subsidiary of Amazon, provides on-demand cloud computing platforms and APIs to organisations, individuals, and governments on a metered pay-per-use basis. These online services for cloud computing include software tools and the capabilities for distributed computer processing using AWS server farms. One of these services is Amazon Elastic Compute Cloud (EC2), which gives users access to a virtual computer cluster that is always available via the Internet. The majority of a real computer's features, such as hardware central processing units (CPUs) and graphics processing units (GPUs) for processing, local/RAM memory, hard disk/SSD storage, a choice of operating systems, networking, and pre-loaded application software, including web servers, databases, and customer relationship management, are all emulated by AWS's virtual computers (CRM)
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Based on information provided in the text, the ultimate goal of achieving customer satisfaction is to promote brand _________
Based on information provided in the text, the ultimate goal of achieving customer satisfaction is to promote brand Brand Loyalty.
A brand is a good, service, or idea that is publicly set apart from similar ones so that it may be promoted and conveyed effectively. The process of building and promoting a brand's name, attributes, and personality is known as branding.
A brand is a promise a company makes to its customers. Establishing trust and fostering loyalty among your customers are the goals of a brand position in marketing. A strong brand purpose establishes an identity for your company, provides customers with a reason to remember you, and distinguishes you from rival brands.
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Refer to the above table. If a bank has checkable deposits of $45 million and reserves of $2 million, then its excess reserves are:
A. $0.35 million
B. $0.65 million
C. $1.35 million
D. $1.65 million
If a bank has checkable deposits of $45 million and reserves of $2 million, then its excess reserves are B. $0.65 million.
A deposit, widely speakme, represents money held at a bank. One definition of deposit refers to whilst a part of finances is used as security or collateral for the transport of goods or services. every other sort of deposit includes a transfer of funds to any other birthday celebration, consisting of a financial institution, for safekeeping.
Historically, there are 4 sorts of financial institution deposits in India, which can be - modern-day Account, ordinary Deposits, savings accounts, and glued Deposit accounts.
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Seventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares of cumulative preferred 3% stock, $20 par and 410,000 shares of $25 par common.
During its first four years of operations, the following amounts were distributed as dividends: first year, $33,000; second year, $74,000; third year, $80,000; fourth year, $110,000.
Determine the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0.00".
The dividends per share on each class of stock for each of the four years is stated below:
What is a preferred dividend?A preferred dividend is a payment made on a company's preferred shares that is allotted to them. Preferred dividend claims are paid before claims for dividends paid on common shares in the event that a corporation is unable to pay all dividends.
Given:
Preferred stock dividend = Number of share ×value of share ×dividend %
= 60000 × 20 × 3% ==> 36000
1. Out of first year dividend of 33000, full 33000 will be paid to preferred stock.
Preferred stock dividend per share = 33000 / 60000 ==> 0.55
Equity stock dividend = 0
2. Out of second year dividend of 74000, 36000 & 4000 year one dividend will be paid to preferred stock. And balance will be paid to Equity stock(74000-36000-4000 = 34000)
Preferred stock dividend per share = 40000 / 60000 ==> 0.67
Equity stock dividend = 33000 / 400000 ==> 0.082
3. Out of third year dividend of 80000, 36000 will be paid to preferred stock. And balance will be paid to Equity stock(100000 - 36000 = 64000)
Preferred stock dividend per share = 36000 / 60000 ==> 0.60
Equity stock dividend = 64000 / 400000 ==> 0.16
4. Out of fourth year dividend of 110000, 36000 will be paid to preferred stock. And balance will be paid to Equity stock(120000 - 36000 = 84000)
Preferred stock dividend per share = 36000 / 60000 ==> 0.60
Equity stock dividend = 84000 / 400000 ==> 0.21
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Which of the following is not one of the five observed ways in which managerial behavior differs from the classical description of managers?
A) Managers perform a great deal of work at an unrelenting pace.
B) Managers perform a low number of activities for a high percentage of time.
C) Managers prefer current, specific, ad-hoc information.
D) Managers prefer oral forms of communication.
E) Managers give high priority to maintaining a divers
The response option that does not correspond to one of the five noted ways that managerial behavior deviates from the traditional definition of managers is (E) Managers give high priority to maintaining a diverse web of contacts.
Who is a Manager?This describes the person in charge of a team or group of individuals charged with carrying out a task, periodically issuing instructions and directives, and receiving feedback.
Thus, it is clear that the preference for regular, written reporting on company activity is one of the key distinctions between managerial behavior and the traditional description of managers.
Top-level managers, middle managers, first-line managers, and team leaders are the four most typical categories of managers. These positions differ not only in terms of their daily duties but also in terms of their overall role within the company and the types of personnel they supervise.
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costs remain constant (within relevant range). they do not react or vary with production/sales levels.
Fixed costs remain constant (within the relevant range). Fixed costs do not vary with the same level of production.
Fixed costs are costs or business expenses that do not depend on changes in the amount of goods or services produced, so they will not change even if there is a change in the amount of goods and services produced within a certain range. Fixed costs are not affected at all or regardless of changes in the business activities carried out by the company.
Fixed costs in accounting are basically a type of cost that does not change or is static and will still be incurred both when no activities or production processes are carried out or when many activities are carried out. Fixed costs, for example, are salaries of employees. building rent, to excise fees. These costs must always be paid even if the company does not produce any output of goods or services.
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economic equity
The situation in which the outcome of an economic transaction is fair to each party. An outcome can usually be considered fair if each party enters into a transaction freely and is not unknowingly at a disadvantage.
The situation in which the outcome of an economic transaction is fair to each party is known as economic equity.
The fairness and distribution of economic wealth, tax obligations, resources, and assets in a society are defined as economic equity.
Economic equality is the idea that everyone should be paid equally for a work, regardless of their ethnicity, gender, or other traits that have nothing to do with how well they can do the job. The most straightforward instance of economic equality gone awry is in the pay gaps between men and women.
More people can participate more actively and contribute in ways that improve the performance of the economy as a whole when there is greater economic justice.
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Taxpayers purchased a home after December 15, 2017 which they use as their principal residence. Unless otherwise stated, they obtain a loan secured by their residence and use the proceeds to acquire the residence. What portion of the interest paid on such loan may Taxpayers deduct in the following situations:
(a) The purchase price and fair market value of the home is $350,000. Taxpayers obtained a mortgage for $250,000 of purchase price.
(b) The facts are the same as in (a), above, except that intro years Taxpayers have reduced the outstanding principal balance of the mortgage to $200,000 and the fair market value of the residence has increased to $400,000. In the later year, Taxpayers take out a second mortgage for $100,000 secured by their residence to add a fourth bedroom and a den to the residence.
(c) The facts are the same as in (b), above, except Taxpayers use their proceeds of the $100,000 mortgage to buy a Ferrari.
(d) The facts are the same as in (a), above, but additionally, towards the end of the current year when the outstanding principal balance of mortgage is $150,000, Taxpayers’ financial prospects improve dramatically and they purchase a luxury vacation residence in Florida for its fair market value of $800,000. They finance $550,000 of the purchase price with a note secured by a mortgage on the Florida house, use the house for 45 days a year, and elect to trade the residence as a qualified residence.
(e) The facts are the same as in (d), above, except that the mortgage on the Florida residence is $700,000.
The answer is option A that is the purchase price and fair market value of the home is $350,000. Taxpayers obtained a mortgage for $250,000 of purchase price.
Who Pays Taxes?Any person or business that owes taxes to the federal, state, or local governments is referred to as a taxpayer. Taxes on both individuals and businesses are the main source of funding for governments.
What precisely is a taxpayer?Americans are liable to income taxation by the United States government based on their international income. The following are considered U.S. individuals for tax purposes: a citizen by naturalization, or one who was born here or abroad to at least one American parent.
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In ______ teams, there is an expectation of increased productivity and quality of work life because employees are delegated greater authority and granted increased autonomy Multiple Choice Self-managed virtual problem solving c collaborate
In a self-managed work group, there is an assumption for expanded efficiency and nature of work life since representatives are designated more prominent power and conceded expanded autonomy.
Delegates are workers and supervisors who work for a firm, affiliation, or neighborhood. These are the affiliation's delegates. When in doubt, a delegate is somebody used by an association to execute a specific work as a trade-off for pay, yet there are different sorts of delegates. Managers in specific nations are committed by guidelines to do unequivocal tasks like paying the least compensation allowed by regulation giving a safeguarded working climate and occasionally covering charges. Managers ought to similarly give benefits to their legitimate delegates, similar to clinical service.
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Though advertising experts wish it were true, there is not always a direct link between a particular marketing communication and a consumer purchase. a. Trueb. False
Advertising professionals wish it were so, but there isn't always a clear correlation between a given marketing message and a consumer purchase. The given statement is true.
Direct marketing enables you to interact directly with individuals, rather than the mass market. With this highly customised and focused strategy, you may expand your company while saving money.
Top-of-mind awareness is when customers say that they recognize the brand when the name is offered to them. Betty is evaluating the impact of the marketing messages used by her company. She needs to keep in mind that motivating the receiver to take action is the main objective.
There are two goals for marketing communications. One is to develop and maintain consumer preference and demand for the product. The sales cycle can also be shortened.
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Assume that one year ago, you bought 140 shares of a mutual fund for $18 per share and that you received an income dividend of
$0.14 cents per share and a capital gain distribution of $0.23 cents per share during the past 12 months. Also assume the market value
of the fund is now $22 a share. Calculate the total return for this investment if you were to sell it now. (Negative amount should be
indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.)
The return investment is -$508.20 is the required answer for the given question.
What is Capital Gains Distribution?A mutual fund or exchange-traded fund (ETF) will pay a percentage of the profits from the sales of stocks as well as other assets from its portfolio as a capital gains distribution. It indicates the investor's proportionate part of the fund's sales.
Income dividends = Income distribution per share × Number of shares
= $0.14 × 140
= $19.60
Capital gain distributions = Distribution per share × Number of shares
= $0.23 × 140
= $32.20
Change in market value = Sales price - Purchase price
= (Sales price per share - Purchase price per share) × Number of shares
= ($18 - 22) × 140
= -$560
Total return = Income dividends + Capital gains distributions + Change in market value
= $19.60 + $32.20 - $560
= -$508.20
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Compute the flexible-budget variances for the following two activity cost items (round unit costs to two decimal places and enter favorable variances as positive numbers and unfavorable variances as negative numbers):
Payment verification
Correspondence
The Payment verification.
Price Verification describes the set of procedures that allow clients to verify or affirm the payment they have got made after shopping any products or services. This set of tactics can generally be carried out through the net by means of the purchaser itself.
Fee Verification is the technique of traders physically contacting the consumer's issuing financial institution or the card affiliation to validate the cardholder's records. The fee verification offerings to be had nowadays do now not offer any kind of assurance for fraudulent transactions.
The Verification method confirms that layout Synthesis has ended in a bodily architecture that satisfies the device requirements. at some point in a system's lifestyles cycle, layout answers at all stages of the physical architecture are validated to meet specifications.
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Calculating initial investment Vastine Medical, Inc., is considering replacing its existing computer system, which was purchased 2 years ago at a cost of $317,000. The system can be sold today for $191,000. It is being depreciated using MACRS and a 5-year recovery period (see the table LOADING...). A new computer system will cost $498,000 to purchase and install. Replacement of the computer system would not involve any change in net working capital. Assume a 40% tax rate on ordinary income and capital gains. a. Calculate the book value of the existing computer system. b. Calculate the after-tax proceeds of its sale for $191,000. c. Calculate the initial investment associated with the replacement project.
a) The book value of the existing computer system for Vastine Medical, Inc. is $152,160.
b) The after-tax proceeds of the sale of the existing computer system for Vastine Medical, Inc. is $23,304.
c) The initial investment associated with the replacement project is $307,000.
How is the book value of an asset calculated?The book value of an asset represents the difference between the original cost and the accumulated depreciation.
The accumulated depreciation is the sum of the yearly depreciation expenses for the past periods.
Capital gains or losses arise as the difference between the sales proceeds and the book value of an asset.
Cost of the old computer system = $317,000
Accumulated depreciation after 2 years = $164,840 ($317,000 x 52%)
Book value after 2 years = $152,160 ($317,000 - $164,840)
Sales proceed = $191,000
Capital gains = $38,840 ($191,000 - $152,160)
Capital gains tax = $15,536 ($38,840 x 40%)
After-tax proceeds = $23,304 ($38,840 - $15,536)
Cost of a new computer system = $498,000
Thus, the initial investment for the replacement project is $307,000 ($498,000 - $191,000).
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Question Completion:MACRS 5-year Declining Method:
Year Depreciation Rate
1 20%
2 32%
3 19.20%
4 11.52%
5 11.52%
6 5.76%
The government of a country has decided to increase government spending in an attempt to expand the economy to the full-employment output level. Assume the policy is successful. Shift the appropriate curve to the correct position.
The government of a country has decided to increase government spending in an attempt to expand the economy to the full-employment output level. The economy will eventually return to its previous level.
What is government spending?
Generally, When people talk about "government expenditure," they are referring to the money that is spent by the government on the purchase of products and the provision of services such as education, healthcare, social welfare, and defense.
The expenditures of the government are a component of the aggregate demand. The rise in aggregate demand will be caused by an increase in government expenditure. The curve that represents aggregate demand will begin to slope higher.
The aggregate demand curve, the aggregate supply curve for the short run, and the aggregate supply curve for the long run will all intersect at some point. The economy will eventually return to its previous level.
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most judicial decisions that do not apply a statute, will involve one of three areas of law, property, contract, or tort.
Most judicial rulings that do not apply legislative acts (often referred to as statutes) will fall under one of the following three categories of law: property, contract, or tort..
We are all aware that the government has the authority to enforce "the law," which governs what we may and cannot do. But what precisely is "the law"? What forms does it take, and from where does it originate? Statutory law, sometimes known as statutes, is one of several different categories of legislation.
A statute is a piece of legislation that has been passed by a legislature, which is the body that has been given the authority by a constitution to pass laws. A statute becomes a law after it is passed, making it a component of statutory law. The U.S. Congress serves as the country's federal legislature.
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Using the information learned in Unit 4, create a company, including the creation of a product or service.
Next, create the advertising for that product or service to reach a target market. Advertising can include a flyer, brochure, commercial, video, website, etc. Make sure you are advertising to a target market.
Finally, explain how you will use the elements of a marketing mix. Remember if you create a business that is an industry you need to use the 4P's (product, price, place, and promotion). If you choose to create a service business, you need to use the 7P's (product, price, place, promotion, people, process, and physical).
Under marketing concept, advertisement is a primary tactic that helps to cater large targeted customers merging with best marketing-mix criteria.
What is marketing mix?Marketing mix concept made up of four major elements of marketing that decides the potential growth of any product in long run as well as short run.
There are Four Ps in marketing mix of Goods Manufacturing or trading industry such as: Product, Price, Promotion, Place.
On the other hand there are seven P's under marketing mix of service intensive industry such as Product, Price, Promotion, Place, People, Physical evidence, Promotion.
Therefore under promotion marketing mix advertisement is way where one entity can attract & promote the features & quality of product or service to a large target customers with effective results.
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gross negligence may occur if a restaurant manager is reckless or willful in using even the slightest amount of reasonable care when dealing with patrons.
When a restaurant management fails to exercise even the smallest degree of reasonable care when interacting with customers, it may constitute gross negligence. A lawsuit's likelihood can be decreased by providing sensitive and considerate treatment to wounded guests.
What manager means?A manager is a qualified someone who leads an organization and oversees a group of personnel. Managers frequently oversee a certain department within their organization. Although there are many distinct types of managers, most of them are responsible for making decisions and performing performance evaluations. To make sure a department is operating efficiently, a Manager or Supervisor supervises the team members inside that division. Their primary responsibilities include recruiting and onboarding staff, developing and putting into practice corporate strategy, and assigning work to team members.
What are the types of manager?The four more prevalent types of managers are team leaders, first-line managers, middle managers, and top-level managers. These positions vary not simply in terms of their daily duties but also in terms of their larger organizational functions and the kinds of personnel they supervise.
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_____ results when a corporation issues additional shares, resulting in a reduction of percentage of the corporation owned by shareholders.
a) dilution
b) preemption
c) restitution
d) novation
e) accretion
Dilution results when corporation issues additional shares, resulting in reduction of percentage of corporation owned by shareholders.
What is a share?A share is a unit of equity ownership in a corporation's capital stock in the financial markets, and it can also refer to shares of mutual funds, limited partnerships, and real estate investment trusts. All of a company's shares are referred to as its share capital. A corporation's shareholder (or stockholder) is someone who owns shares in the business. The ownership connection between the company and the shareholder is expressed by a share, which is an undivided unit of capital. The face value of a share is its denominated value, and the sum of the face values of all issued shares is a company's capital, which may not correspond to the share's market value. A dividend is the money earned from owning shares.
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why cannot a freelancer bid on every project related to his/her skills
A freelancer bid on every project related to his/her skills because he has no project-related expertise, he has used up the whole supply of bids, and must finish the profile.
Who is freelancer?A freelancer is a self-employed individual who gets paid on a per-job or per-task basis, generally for short-term work.
The freelancers identified the challenges as the most difficult aspects of working for themselves. Each month, free members receive 6 bids, the Basic Members are entitled to 50 bids each month Plus Members are entitled to 100 bids every month and Every month, Professional Members receive 300 bids.
A freelancer bid on every undertaking applicable to his/her talents because he lacks project-related experience, has exhausted his bid supply, and must complete the profile.
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If firms in a competitive market are earning negative economic profits, we would expect firms to [A] the market, causing the market price to [B]
[A]- leave, enter, no change, uncertain
[B]- rise, fall, no change, uncertain
In a market that is competitive and where businesses are making money, new businesses will be motivated to enter the market.
What is a Competitive market?Yes, even if a company is at a loss economically, it should nevertheless keep producing. Till P > = Minimum AVC, a company should keep operating and not stop producing. In this scenario, the company will generate enough income to pay its variable costs and continue operating.
In a completely competitive market, companies can only make or lose money in the short term. Because an unlimited number of enterprises generate uniform, endlessly divisible things, losses and profits are finally eliminated. If an industry's businesses are losing money, they will leave.
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If your marginal propensity to consume is 0.75 and you get an additional $400 in income, you would spend ___________ on consumption.
a. $400.00
b. $200.00
c. $300.00
d. $533.33
e. $1,600.00
If your marginal propensity to consume is 0.75 and you get an additional $400 in income, you would spend ___________ on consumption.
Answer is: a. $400.00
If government expenditure rises by $100 billion, the following will occur: A rise in real production is anticipated.
around $400 billion.
Federal expenditures
Using this equation
Multiplier=1/(1-MPC)
Where:
Marginal propensity to consume (MPC): 0.75
Let's enter the formula.
Multiplier=1/(1-0.75)
Multiplier=1/0.25
Multiplier=4
Increased government expenditure = GDP growth 4
GDP growth equals $400
Inconclusion A $100 billion increase in government spending will result in a maximum real production rise of $400 billion.
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Which of these are Internet job lead resources?
The statement that are Internet job lead resources are: A. Classified ads, B. Corporate career centers.
What is classified ads?Classified ads can be defined as a form of advertisement and it has to do with the way in which company tend to advertise their product or brand o the internet or by making use of the newspaper.
On the other hand Corporate career centers can be defined as a corporate world that enables people to find job as well enables people to gain professional skills among others.
Therefore the correct option is A, B.
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Which of the following is true regarding the price elasticity of demand?
Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.
a
Demand is generally more elastic in the long run than in the short run.
b
Along a single demand curve, demand elasticity decreases as you move down the curve (to lower prices).
c
A demand curve that is flatter is relatively more elastic than a demand curve that has a steeper slope.
d
All of the above
All of the above are true regarding the price elasticity of demand. The correct option (d).
What is price elasticity of demand?How much a product's usage alters in response to fluctuating prices is measured by price elasticity of demand. If a good's price elasticity is infinite, demand can fluctuate drastically even in the presence of tiny price variations. If price elasticity is greater than 1, the good is elastic; if it is less than 1, it is inelastic.
A good is completely inelastic if its price elasticity is zero, meaning that no amount of price variation will alter demand. Price elasticity is referred to as unitary elasticity if it is exactly 1 (price change causes an equal proportion change in demand). The availability of a substitute affects a product's flexibility.
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observations 1 2 3 4 5 6 num. of defects 10 18 13 15 9 12 the number of runs up and down for the preceding data is:
a. 3
b. 4
c. 5
d. 6
e. none of these
Observations 1 2 3 4 5 6 num. of defects 10 18 13 15 9 12 the number of runs up and down for the preceding data is: 5
Runs up are observations whose total number is more than the total number of observations that came before them.
Runs down is the term used to describe the number of observations that are less than those that came before them.
The runs-up should include the 2nd, 4th, and 6th observations since they are higher than the 1st, 3rd, and 5th observations. The 2nd observation is likewise higher than the 5th observation.
Therefore, Runs-up = 2nd + 4th + 6th observations
= 3
The 3rd and 5th observations should be included in the runs down since they are lower than the 2nd and 4th observations.
Therefore, Runs down= 3rd + 5th observations
= 2
Therefore, Runs-up + Runs-down
3 + 2 = 5
Hence the correct option is C
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Most adults would erase all of their personal information online if they could. A software firm survey of 521 randomly selected adults showed that 61 % of them would erase all of their personal information online if they could. Find the value of the test statistic.
312 individuals, or 61%, say they would delete their personal information from the internet if they could. The total is 312.32, however we must modify the response for persons.
What is the value of test statistic ?We must apply the Rule of Three to determine the solution. Mathematical rules like the Rule of Three can be used to address proportional problem.
1. Since I am aware that 512 adults were polled, this percentage is 100%. We don't know how many people are in this room, but 61% of them claim that they would delete all of their personal information from the internet if they could 685 adults are 100% .
61% of X adults In this case, we must arrange the identical components in the same columns. Students who scored highly in percentage.
3. I must now cross off these facts. I must multiply 61 by 512. So:
61*512= 31232
4. Next, multiply the outcome by 100.
31232/100= 312.32
5. The total number of adults who would is 312.
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Most movie theaters offer discount ticket prices to students and senior citizens. This illustrates the _____ pricing objective.
a. subsidized
b. operations-oriented
c. profitability-oriented
d. service quality
e. patronage-oriented
E. This illustrates the patronage-oriented pricing objective.
Patronage-oriented pricing is a pricing strategy used by businesses to reward loyal customers, encourage more frequent visits, and increase customer loyalty. By offering discounted prices to students and senior citizens, the movie theater is attempting to create a loyal customer base.
This type of pricing strategy is often used by businesses in the hospitality, entertainment, and retail industries, as it allows them to attract customers who may not otherwise be able to afford their services or products.
By offering discounts to certain segments, the business can still make a profit, while also creating goodwill among customers who may be more likely to come back and B their friends.
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the best measure economist have of how successful a country is in providing a high standard of living to its residents is
Economic growth is the most accurate indicator economists have of how successfully a nation raises the standard of living for its citizens.
Numerous techniques are employed by statisticians and economists to monitor economic progress. The GDP is the most well-known and often monitored (GDP). However, several economists have pointed out the shortcomings and biases in the GDP computation over time. Relative productivity measurements are also maintained by organizations like the Organization for Economic Co-operation and Development (OECD) and the Bureau of Labor Statistics (BLS) to assess economic potential. Although it might be challenging to quantify, some recommend gauging economic growth by changes in the standard of living.
In order to gauge economic growth in terms of monetary expenditures, one must use the gross domestic product (GDP). If a statistician wishes to comprehend the steel industry's production in terms of productivity.
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Based on what Ursula’s seeing on her screen, Bonnie sees some potential red flags. What should Bonnie warn Ursula about?
Because Ursula doesn't understand how checking accounts and checks cashing at Walmart operate, she believes that the only reason she should be paying overdraft penalties is that she consistently spends more money than she has in her account.
What is a checking account?A checking account is a sort of bank account that enables simple deposits and withdrawals of cash for everyday use. For instance, you may use your debit card to withdraw cash, deposit a check you receive, or set up direct deposit to get your paychecks.
A checking account is designed for usage with everyday cash requirements. It serves as a person's main source of funding and allows for the withdrawal of cash for use in paying bills or making purchases.
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