Which of the following are likely to have very elastic demand with respect to price? Select the correct answer below: 0 Items that take a large share of an individual's income. O Goods with many substitutes. O Luxury goods. O All of the above. Content attribution

Answers

Answer 1

When a slight change in the price of the commodity causes a considerable change in the quantity demanded, it's known as elastic demand.

Elasticity of demand is the responsiveness of the quantity demanded to a shift in price. Elasticity of demand can be determined by examining how demand shifts in response to a shift in prices. When there is a large change in demand due to a small shift in price, it is known as elastic demand. It's about how much a customer adjusts their buying patterns when the price of a commodity changes.Thus, the goods with many substitutes are likely to have very elastic demand with respect to price. The greater the number of substitutes accessible, the more elastic the demand will be. Elastic demand occurs in situations where customers can easily substitute one item for another, so if the price of one item rises, demand for the other will rise.Offering a wide range of substitutes will make a consumer more likely to switch away from your product when the price rises, as opposed to simply paying the higher price. This is because a company with a very inelastic demand curve will be able to raise prices without seeing a significant drop in demand, while a company with a very elastic demand curve will be unable to do so. Thus, the correct option is B - Goods with many substitutes.

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Related Questions

as output of a firm increases, the difference between the firm’s average total cost and its average variable cost gets smaller because the firm’s

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The economies of scale is often known as a scenario where long run average cost decreases as the firm's output increases. As output of a firm increases, the difference between the firm's average total cost and its average variable cost gets smaller because the firm's

average fixed cost is decreasing.

When there is an increase in output, the average total cost and average variable cost does fall and may not be equal for any level of output.

Therefore, as production reaches the highest level, ATC and AVC will have to be more closer.

Conclusively, In the average cost calculation, the rise in the numerator of total costs is small when related to the rise in the denominator of quantity produced and as output increases, the average cost begins to rise.

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collections on accounts receivable will lag behind sales, and accrual sales during a period will exceed cash collections during the____

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Collections on accounts receivable will lag behind sales, and accrual sales during a period will exceed cash collections during the same period.

Accounts receivable refers to the money that a company is owed from its customers for goods or services sold on credit. However, collecting these outstanding debts can take some time, resulting in a lag between the actual sales and the collection of payments. This is because customers may have different payment terms, and some may delay payment for various reasons, such as financial difficulties or disputes over the quality of goods or services received.

The lag in collections on accounts receivable can create cash flow challenges for the company, as it may have to cover its operating expenses and other obligations while waiting for payments from customers. This is why companies often monitor their accounts receivable turnover ratio, which measures how quickly they collect their outstanding debts.

A low turnover ratio indicates that collections are taking longer, which could be a sign of problems such as poor credit management or slow payment processing. Another related issue is that accrual sales, which are recorded when goods or services are delivered to customers, may not necessarily correspond with cash collections. This means that even though a company may have recorded high sales during a period, it may not have received the corresponding cash payments yet.

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If the CEO assumes that the customer profiles in Chicago is most representative of all the locations and she only samples customers from Chicago for the survey, she is doing

a. Quota sampling
b. Simple random sampling
c. Convenience sampling
d. Judgment sampling

Answers

Representative of all the locations and she only samples customers from Chicago for the survey, she is doing Judgment sampling.

In the non-probability sampling technique known as judgment sampling, or authoritative sampling, the researcher chooses the units to be sampled based on his own prior knowledge or his professional judgment. Purposive sampling, also known as judgmental, selective, or subjective sampling, is a type of non-probability sampling in which researchers pick individuals from the public to take part in their surveys based on their own judgment. Three circumstances make the use of judgemantal sampling appropriate: (1) choosing distinctive respondents who are particularly instructive; (2) choosing members of a hard-to-reach, niche community; and (3) identifying specific sorts of respondents for in-depth examination.

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As chobani seeks to build its brand, it opened aunique retail store in new york city: chobanisoho. why did chobani do this?

Answers

Innovative yoghurt recipes from Chobani SoHo are delivered in stunning glass jars. Customers can choose from a wide range of combinations that start with Plain Chobani as the base and include components like Pistachio + Dark Chocolate and Cucumber + Olive Oil. Prices are acceptable while being more than those for normal Chobani Greek Yogurt in order to draw in imaginative customers. Chobani SoHo has these three significant potential long-term benefits.Customers can try new product ideas with various additive combinations to see if they might end up as a staple flavour in the Chobani line. Examples of these additive combinations include flavour pairings and savoury components.Giving consumers the opportunity to engage physically with the brand rather than just picking something up off the shelf, which increases customer loyalty and word-of-mouth advertising.Who is Chobani?Food manufacturer Chobani is on a mission to improve communities, improve the health of the global population, and increase access to wholesome food for all.

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The Statement of Cash Flows must
include which of the following
categories?
A. Net Income
B. Operating Activities only
C. Investing Activities only
D. Non-Cash Activities

Answers

Answer:

The correct answer is B. Operating Activities only.

Explanation: The Statement of Cash Flows must include Operating Activities, Investing Activities, and Financing Activities. Non-Cash Activities are not included.

When revising a budget it is important to make choices that allow you to continue?

Answers

When revising a budget it is important to make choices which allow you to continue saving money.

A budget is considered to be a financial document which is used to project the future income and the expenses. Thus, to put it simply, a budget tends to plan the future saving and spending as well as planned income and the expenses.

However, the budget revisions may be necessary which is if the current planned expenditures tend to differ from the original or the most recent budget approved by the known sponsor.

Hence, a budget is considered to be an estimation, which is  of revenue and expenses over a specified future period of time.

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When revising a budget it is important to make choices that allow you to continue saving money.

You can prepare for your income and expenses over the course of a specific time period using a budget. Making a monthly budget, for instance, considers where your income and expenses will go each month.

how to revising a budget:

Review your variable expenses (the ones that vary each month, are typically more flexible, and might be seen as "fun money") and identify areas where you can cut back on spending if you have lesser overages.

Unsubscribe from any alluring emails, evaluate your mobile phone plan and look into alternative offers, look into less expensive internet options, review your streaming services, and consider any memberships or subscriptions you may have.

You may need to find strategies to minimize larger expenses if you've already tried to lower your variable costs but are still having trouble keeping on track to reach your financial objectives.

Here are some alternatives to think about:

1) Make use of tools like credit counselors to assist you examine your income, assets, and debt and develop a strategy to deal with your money problems.

2) If you are having trouble paying off higher sums of debt, consider debt consolidation.

If you have a sizable credit card bill, you might choose to move it to a card with a low interest rate or one with a 0% introductory APR. Remember that there can be a cost associated with transferring the balance.Transferring a sizable credit card load to a personal loan is an additional choice. Personal loans frequently have significantly cheaper interest rates and even improve credit scores.If you own a home, you might want to take out a home equity line of credit or a cash-out refinance, which both let you use some of the equity in your house to pay off debt, to pay off higher rate debt. However, be sure to comprehend the terms of the loan since they can result in longer payoff terms or higher monthly payments.

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Gregory is the marketing head of his company. His company has been manufacturing and selling canned processed foods for decades. These canned foods have been widely sold all across the nation. Consumers have grown to identify his company's brand of canned foods. What type of product advertisement should Gregory use to sell his company's canned food

Answers

Answer:

the answer is D. Its not c

Explanation:

Automated teller machine to provide all the following services except

Answers

Answer:

b. statement printouts

Multiple-choice answers for this question are:

a. Account balance checks b. statement printouts c. cash withdrawals d. money transfers

Explanation:

An ATM ( automated teller machine) provides a convenient way to perform some basic banking operations outside the banking hall. Customers can check their account balance, do transfers, deposit, and withdraw from their accounts from an ATM. A debit card is required to access the bank account via ATM.

An ATM does not print bank statements. A customer requiring a bank statement will need to walk into the banking hall to request the inquiries desk.

Answer:

Statement Printouts

Explanation:

on january 1, 2022, woodstock, inc. purchased a machine costing $40,000. woodstock also paid $1,000 for transportation and installation. the expected useful life of the machine is 6 years and the residual value is $5,000. how much is the annual depreciation expense assuming use of the straight-line depreciation method?
a. $6,100.
b. $6,000.
c. $5,950.
d. $5,750.

Answers

The annual depreciation expense assuming the use of the straight-line depreciation method is $6,000. Option B.

Calculation:

Annual depreciation under SLM:

= (Asset cost-Salvage value) + Useful life of the asset

= ($40,000+$1,000 - $5,000)/6

= $36,000/6

= $6,000

Residual value, also called residual value, is the estimated value of an item of property, plant, and equipment at the end of the lease term or useful life. In a leasing situation, the lessor uses the residual value as one of the primary ways to determine how much the lessee will pay in regular lease payments. Residual value is one of the components of a lease calculation or transaction.

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If 60% of the population is female and 30% of females buy physical therapy services, and 70% of men buy physical therapy services, is there more demand for physical therapy from women or men?

a. women
b. men

Answers

Answer:

Men.

Explanation:

Well, 70% of 40% (100% - 60%) = 28% total population demand.

30% of 60% = 18%

28% > 18%

Answer:

Men

Explanation:

Let the number of men and female be 100

60% of 100 is 60

Therefore there are 60 female

30% of 60 is 18

so 18 women buy physical therapy

40% of 100 is 40

Therefore there are 40 men

70% of 40 is 28

so 28 men buy physical therapy

28>18 therefore there is a greater demand of physical therapy from men

TRUE OR FALSE
A laissez-faire style leader will communicate goals to employees but then allow them to choose how to complete them

Answers

Answer:

The Answer is gonna be False

This is the right Answer :3

I hope you are having a great day ❤️❤️❤️❤️❤️❤️

Which statement best reflects the importance of following safety guidelines?
A.Workplace injuries can result in losses to an organization’s profits.

B. OSHA responds to complaints of unsafe work environments, and can fine or take negligent employers to court.

C. Every year, thousands of people die as a result of workplace injuries.

D. Using equipment safely is faster and makes work more efficient.

Answers

Answer:

B

OSHA responds to complaints of unsafe work environments, and can fine or take negligent employers to court.

Explanation:

B, took logistics quiz .

3 practical examples why a critical thinker should be mindful of possible implicit and explicit meanings in peoples expressions

Answers

Here are three practical examples of why a critical thinker should be mindful of possible implicit and explicit meanings in people's expressions:

Why should a critical thinker should be mindful of possible implicit and explicit meanings in peoples expressions?

In the workplace: When communicating with colleagues, it is important to be mindful of their expressions, as they may convey implicit or explicit meanings that could affect the outcome of the conversation. For example, a colleague may say that they are "fine" when asked about their workload, but their tone and body language may suggest otherwise. A critical thinker who is mindful of these implicit and explicit meanings may follow up with the colleague to get a better understanding of their workload and offer assistance if necessary.

In social situations: In social situations, people often use implicit or explicit meanings to convey their thoughts and feelings. For example, a friend may say that they are "not really feeling up to going out tonight," which could be interpreted as a polite way of saying that they don't want to go out at all. A critical thinker who is mindful of these implicit and explicit meanings may ask follow-up questions to get a clearer understanding of what their friend means and make plans accordingly.

In media consumption: When consuming media, such as news articles, it is important to be mindful of implicit and explicit meanings that may be conveyed. For example, an article about a controversial topic may use language that implies a particular point of view, or a news anchor may use a particular tone or body language that conveys a bias.

Therefore, a critical thinker who is mindful of these implicit and explicit meanings may seek out additional sources of information to get a more balanced view of the topic at hand.

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What state in the country has the highest percent of their credit economy with subprime credit scores?

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The state in the country has the highest percent of their credit economy with subprime credit scores is: Wisconsin.

What is credit economy?

Credit economy can be defined as the  way in the money is the means of exchange in an economy as people sell goods in exchange for money.

Based on this  Wisconsin has the highest percentage of their credit economy with subprime credit score followed by Vermont and then Washington.

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1.
In 2016, a market had sales of £350.000. In 2017, the market grew by 5%.
Calculate the new market size in sales value.

Answers

Answer:

The new market size in sales value is 367,500

Explanation:

Answer:

£367,500

Explanation:

the market was £350,000 in 2016.

in 2017, the market grew by 5%.

the new market size will 5% more than 2016.

if 2016 was 100%, 2017 will be 105%

2017 = 105% x £350,000

=105/100 x £350,000

=1.05 x £350,000

=£367,500

explain how leverage can improve returns to the shareholders.

Answers

Leverage can improve returns to shareholders by amplifying their investment gains through borrowed funds.

How does leverage improve returns to shareholders?

Leverage refers to the practice of using borrowed funds to finance investments. When a company employs leverage, it can amplify the returns earned by its shareholders. By borrowing money, a company can invest in additional assets or projects that have the potential to generate higher returns than the cost of borrowing.

As a result, shareholders can benefit from increased profitability and higher returns on their initial investment. Leverage allows shareholders to participate in the upside potential of the company's investments without having to commit all of their own capital.

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The impact of Furman v. Georgia (1972) was that states had to

promise to use the death penalty only with approval from the Supreme Court.
throw out the old Miranda warning and write a new one.
agree to throw out all state laws regarding crime and impose national standards.
create clear standards to be applied fairly before imposing the death penalty.

Answers

Answer:  D.create clear standards to be applied fairly before imposing the death penalty.

Explanation: The answer it's right there

The impact of  Furman v. Georgia (1972) was that states had to

create clear standards to be applied fairly before imposing the death penalty.

The Furman v. Georgia case

This was a case that had to do with the cruel and the unusual way that people faced in the death penalty.

The case ruled that the death penalty was unconstitutional if it was applied in a discriminatory way.

It ruled that the eight amendment was being violated if used in this way.

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What is the name of the test that is used to assess the relationship between two ordinal variables?
Spearman's rho
Allergy
Cramer's V
Chi Square

Answers

The test used to assess the relationship between two ordinal variables is called Spearman's rho, also known as Spearman's rank correlation coefficient.

This non-parametric statistical test measures the strength and direction of the association between two ranked variables. It is an alternative to Pearson's correlation coefficient when the assumptions of linearity and normal distribution are not met.

Spearman's rho calculates the correlation between two sets of ordinal data by comparing the ranks of the variables. It ranges from -1 to 1, where -1 indicates a strong negative relationship, 1 indicates a strong positive relationship, and 0 suggests no relationship.

While other tests, such as Chi Square and Cramer's V, are used to assess associations between categorical variables, they are not specifically designed for ordinal variables. Chi Square is used to determine if there is a significant association between two categorical variables, while Cramer's V measures the strength of that association. Allergy, on the other hand, is not a statistical term and is not relevant to this context.

In summary, Spearman's rho is the appropriate test to assess the relationship between two ordinal variables, as it measures the strength and direction of the association based on the ranked data.

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if logan said he won the fight.
KSI fans:lets check his monthly spotify listeners

Answers

Answer:

xxxxxxxxxxxxxxxxxxx Vetty funny bro

Explanation:

What is a mutual fund

Answers

Answer: A mutal fund is a professionally managed investment fund that pools money from many investors to purchase securities. the term is typically used in the United States, Canada, and India while simular structures across the globe include the SICAV in Europe and open-ended investment company in the UK.

Explanation:

Mutual eow eieité gòïèß błack

what are the benefits and disadvantages of strict two-phase locking?

Answers

The benefits of strict two-phase locking are consistency, concurrency and predictability. Disadvantages are reduced concurrency, increased overhead and deadlocks.

What is strict two-phase locking?

Strict two-phase locking is a concurrency control method used in database management systems. It ensures that transactions are executed in a controlled and predictable manner to maintain consistency and prevent conflicts.

Benefits of strict two-phase locking include:
- Consistency: Strict two-phase locking ensures that the database remains consistent throughout the transaction process. This reduces the chances of data corruption or inconsistency.
- Concurrency: Strict two-phase locking allows multiple transactions to occur simultaneously without interfering with each other. This improves the performance of the database by maximizing concurrency.
- Predictability: Strict two-phase locking guarantees that a transaction will not be affected by another transaction's operations, making it easier to predict and manage.

Disadvantages of strict two-phase locking include:
- Reduced concurrency: Strict two-phase locking can reduce the level of concurrency in the database, as transactions may have to wait for locks to be released before proceeding.
- Increased overhead: Implementing strict two-phase locking requires additional resources and overhead, which can negatively impact the performance of the database.
- Deadlocks: Strict two-phase locking can result in deadlocks, where two or more transactions are unable to proceed due to locked resources. This can lead to significant delays and the need for manual intervention to resolve the deadlock.

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Which transaction caused John to overdraw his account?

Answers

By examining the financial figures provided above for John's account, it is clear that check no. 410 for $710.49 was the reason for John's account overdraft. As a result, choice (C) is valid.

What does overdrawing an account mean?

A transaction in which the account holder is permitted to take more money than the account's actual balance is referred to as an overdraft from the account. The account balance is negative following a transaction that results in an overdraw.

One can clearly infer from the account statement shown above that an overdraw transaction occurred after Check No. 410 for an amount of $710.49 was drawn since the account's balance was negative for the first time.

Hence, Option (C ) is the accurate one.

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Your question is incomplete, probably the complete question is:

Which transaction caused John to overdraw his account?

(A) The Online Bill Payment of $146.67

(B) Check No. 409 for $100

(C) Check No. 410 for $710.49

(D) The Overdraft Fee of $35

Which transaction caused John to overdraw his account?

Give a proper definition of money.

Answers

Answer:

Money is an economic unit that functions as a generally recognized medium of exchange for transactional purposes in an economy. Money provides the service of reducing transaction costs, namely the double coincidence of wants. Money originates in the form of a commodity, having a physical property to be adopted by market participants as a medium of exchange. Money can be: market-determined, officially issued legal tender or fiat money, money substitutes, and fiduciary media, and electronic cryptocurrencies.

Explanation:

If a 20% increase results in a price of $6.36, what was the price before?

Answers

Answer:

$5.09 cents

Explanation:

Given the following question:

20% of 6.36

In order to find the answer, we will calculate using the formula for percentages then subtract that answer from the initial amount to have our answer.

\(\frac{p\times n}{100}\)
\(\frac{20\times6.36}{100}=20\times6.36=127.2\div100=1.272\)
\(=1.272\)

Round:
\(1.272\)
\(2 < 5\)
\(1.27\)

Now subtract:
\(6.36-1.27=5.09\)
\(=5.09\)

After a 20% decrease the price is now "$5.09 cents." Which means this was the price before the 20% increase.

Hope this helps.

Assuming no brokerage fees, calculate the amount of cash needed to retire Baldwin's 12.5S2024 bond early.
$13,718,213​
$14,665,611​
$15,551,426​

Answers

The amount of cash needed to retire the bond early is, $1,236.54.

To calculate the amount of cash needed to retire Baldwin's 12.5S2024 bond early, we need to add the present value of all future interest payments and the principal repayment due at maturity.

Assuming the bond has a face value of $1,000, the annual coupon payment would be $125 (12.5% of $1,000). The bond has a maturity date of 2024, which means there are two more years of coupon payments to be made.

Using a financial calculator or spreadsheet software, we can calculate the present value of the future interest payments to be:

PV of interest payments = \(\dfrac{\$125}{(1 + r)^1} +\dfrac{\$125}{(1 + r)^2}\)

where r is the market interest rate.

Assuming the market interest rate is 5%, we get:

PV of interest payments = $236.54

The principal repayment due at maturity is $1,000. To retire the bond early, Baldwin would need to pay the present value of the future interest payments and the,

\(\dfrac{\$125 }{(1 + r)^1} + \dfrac{\$125}{(1 + r)^2}\)

repayment. Therefore, the amount of cash needed to retire the bond early is:

$236.54 + $1,000 = $1,236.54

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--The complete question is, Assuming no brokerage fees, calculate the amount of cash needed to retire Baldwin's 12.5S2024 bond early.--

What is true about single parent families? They face less stigma than nuclear families. They typically experience a higher income than nuclear families. They can have less conflict after a divorce than before one. All of the above

Answers

Answer:

They can have less conflict after a divorce than before one.

Explanation:

They can have less conflict after a divorce than before one" is the best option from the list since most of the conflict of divorce happens with couples, but this is not always true.

irksome, inc., a technology company, has shares selling at $40. your customer is bearish. he would like to sell the stock short, but not until it retreats at least 10% from its current price. to catch the drop, he could

Answers

He could enter a sell short order at stop 40 to catch the dip. The unanswered call makes no difference. If exercised, he would be forced to purchase the shares before delivering them, leaving him with nothing.

What exactly does it mean to "sell short" something?

By borrowing a security from your broker and selling it on the open market, you can short sell an asset whose price you anticipate falling. The next step in your plan is to repurchase the same shares.

Give an illustration of what short selling is?

They sell 100 shares they have borrowed to another investor. As a result of selling something they did not own but had borrowed, the trader is now "short" 100 shares.

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Complete question:

Your customer is bearish. He would like to sell the stock short, but not until it retreats at least 10% from its current price. In order to catch the drop what will your customer do?

what statement best illustrates an example of economic specialist

Answers

The statement that best illustrates an example of economic specialization is "A business focuses on producing screens for phones instead of manufacturing the entire phone.
The statement that best illustrates an example of economic specialization is "A business focuses on producing screens for phones instead of manufacturing the entire phone."

Question: Choose the products that are regulated by federal tobacco sales law:
C
O Chewing tobacco
Cigars (including regular, little, and flavored cigars)
O Rolling papers containing tobacco as an ingredient
O E-cigarettes & e-liquid
O All of the above are regulated

Answers

All of the above are regulated :)

Nico has a net worth of $150,000. nico sold all of his assets for cash and used that cash to pay off all debts and obligations. in theory, how much cash would remain with nico? quizlet

Answers

Nico's net worth is $150,000. If Nico sold all of his assets for cash and used that cash to pay off all debts and obligations, in theory, he would have $150,000 in cash remaining.

To find out how much cash would remain with Nico, we need to consider that his net worth is the total value of his assets minus his debts and obligations. Since Nico sold all of his assets for cash, the value of his assets is converted into cash. Therefore, the remaining cash would be equal to his net worth.

In this case, Nico's net worth is $150,000, so that would be the amount of cash that would remain with Nico after selling his assets and paying off his debts and obligations.
Main Answer: Nico would have $150,000 in cash remaining.

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