Answer:
The law of supply and demand is an economic theory that explains how supply and demand are related to each other and how that relationship affects the price of goods and services. It's a fundamental economic principle that when supply exceeds demand for a good or service, prices fall. When demand exceeds supply, prices tend to rise.
There is an inverse relationship between the supply and prices of goods and services when demand is unchanged. If there is an increase in supply for goods and services while demand remains the same, prices tend to fall to a lower equilibrium price and a higher equilibrium quantity of goods and services. If there is a decrease in the supply of goods and services while demand remains the same, prices tend to rise to a higher equilibrium price and a lower quantity of goods and services.
The same inverse relationship holds for the demand for goods and services. However, when demand increases and supply remains the same, the higher demand leads to a higher equilibrium price and vice versa.
Supply and demand rise and fall until an equilibrium price is reached. For example, suppose a luxury car company sets the price of its new car model at $200,000. While the initial demand may be high, due to the company hyping and creating buzz for the car, most consumers are not willing to spend $200,000 for an auto. As a result, the sales of the new model quickly fall, creating an oversupply and driving down demand for the car. In response, the company reduces the price of the car to $150,000 to balance the supply and the demand for the car to reach an equilibrium price ultimately.
The law of supply and demand is an economic theory that explains how supply and demand interact and how this influences the pricing of products and services. When supply exceeds demand for an item or service, prices fall. This is a basic economic premise. Prices tend to rise when demand exceeds supply.
When demand is constant, the supply and prices of products and services have an inverse relationship. Prices tend to decrease to a lower equilibrium price and a greater equilibrium quantity of goods and services when supply for goods and services increases while demand remains constant.
When the supply of products and services falls while demand remains constant, prices increase to a higher equilibrium price and a reduced quantity of goods and services are produced.
• The demand for products and services has the same inverse relationship. When demand rises but supply stays constant, the increased demand results in a higher equilibrium price, and vice versa.
• Supply and demand fluctuate until a price equilibrium is reached. Assume a premium vehicle manufacturer sets the price of their new model at $200,000.
• While the initial demand for the car may be great due to the company's marketing efforts, most people are unwilling to spend $200,000 on a vehicle.
• As a result, sales of the new model plummet, resulting in an oversupply and lower demand for the vehicle.
• As a result, the corporation lowers the price of the car to $150,000 in order to balance supply and demand for the vehicle and eventually establish an equilibrium price.
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Carrie is creating a personal balance sheet. The heading includes the period of time that the balance sheet represents. Which could be the header of Carrie's balance sheet?
Answer:
The answer is Carrie's Balance Sheet (January 2013)
Explanation:
It is titled Carrie's Balance sheet and it shows the date in the title, it is the only one with a specific month compared to a longer period of time.
Answer:Carrie’s Balance Sheet (January 1, 2021)
Explanation: Got it correct on edge.
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What was the stamp act?
Don't Spam!
The stamp act is what happened after a war so that The british could pay off there debt
A good definition of the term Marketing
Answer:
Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.
Explanation:
All of the following are examples of results of unethical business actions except:
a. Recruitment and retention problems.
b. Lower employee salaries.
C. Negative employee relations.
d. Poor company reputation.
When a calendar is made public, then anybody with the calendar's URL can: A. Modify the calendar. B. Delete the calendar. C. Change the calendar. D.View the calendar. E. Edit the calendar.
Answer:
edit
Explanation:
A business student is preparing for the Graduate Management Admission Test (GMAT) so he can get into a good graduate business school. He knows that any money he spends on a tutor will be worthwhile if he can improve his scores. He's heard that there is a great tutor in his local community but has no idea who she is. Marketing does not occur in this situation because
Answer:
For the parties to connect, there seems to be no way.
Explanation:
Marketing should be about fulfilling the expectations and wishes of consumers, generating demand, influencing different players, requiring interaction that can be carried out by the other groups and individuals.
For marketing, this same four components needed are:
Two or maybe more parties to expectations that are unmet. An appetite and capacity to be fulfilled on their part. A means enough for parties to connect. To share everything.And according to the format prescribed throughout the problem, the business student realized he wanted a tutor for his performance to be enhanced. He discovered that throughout his local neighborhood, a wonderful teacher is readily accessible but uncertain of her identification to express it. He can interact with her towards his tuitions across multiple channels as she contributes to something like the surrounding community.
Answer:
. .
Explanation:
An increase in demand means that quantity demanded is higher at each price level. True or false
Answer:True
Explanation:
Indicate which situations would require Zenda Company to record revenue in the current period.
Answer:
c & d
Explanation:
Option includes "a. Zenda is paid in advance for services to be performed in the next period. b. Zenda signs a contract with a customer to perform services in a future period. c. Zenda performs services for cash. d. Zenda performs services on account."
Only Zenda Company performance of services for cash and on account will be recognized and will be recorded as revenue in the current period.
Look up the following words. Give the etymology of each. State what kind of term, such as mathematical, scientific, political science, history, etc. Include the name of the dictionary consulted as well as the publisher and publishing date.
ideological:
constructivist:
Marxist:
Vector:
axiomatic:
azimuth:
matrix:
hypothesis:
theory:
phenomena:
Answer:
1). Ideological: Greek origin, meaning a form. It is largely employed in historical context.
2). Constructivist: Russian, derived from the word 'konstruktivizm' meaning to reference to an abstract art movement. It is used in both political and historical disciplines.
3). Marxist: The word Marxist is used to denote a firm follower of the principles and teachings of Karl Marx. The word is commonly employed in social sciences.
4). Vector: Latin origin, the word gives the meaning convey. It is used in mathematics.
5). Axiomatic: Greek origin, meaning of 'self-evident' or 'thought to be fitting.' The word is used in mathematics.
6). Azimuth: Arabic origin using the word 'meaning , and samt, direction.' It is employed in science and geography for describing the celestial or heavenly bodies.
7). Matrix: Latin origin, meaning 'a breeding mother.' The term is commonly employed in both science and mathematics.
8). Hypothesis: Greek origin, formed with words 'Hupo'(means under) and 'thesis'(means placing). This is used in science to check the validity of a truth.
9). Theory: It comes from Greek word Theoria, stands for 'speculation or contemplation' It is used in science, mathematics, and other disciplines as well.
10). Phenomena: Derived from 'Phasinomenon', a Greek word , which stands for 'things appearing to view.' The word is most likely used in science to detail natural occurrences.
Douglas Harper's 'Online Etymological dictionary', 2000.
What is an Individual Asynchronous Communicator? And provide 2 examples of people who are like that
Answer:
asynchronous communication is when you send a message without expecting an immediate response. For example, you send an email. I open and respond to the email several hours later. You can choose anyone you know for the example of people who are like that part. <3
Explanation:
__________ showed that people learn to behave in certain ways because of reinforcement. A. John B. Watson B. B. F. Skinner C. William James D. Sigmund Freud Please select the best answer from the choices provided
Answer:
The answer is B.F. Skinner.
Explanation:
B.F. Skinner showed that people learn to behave in certain ways because of reinforcement. He is considered the father of this theory. Conversely, Sigmund Freud proposed classical conditioning.
B. F. Skinner howed that people learn to behave in certain ways because of reinforcement. According to research by B.F. Skinner, reinforcement is the reason why people learn particular behaviours. He is regarded as the originator of this theory. Sigmund Freud, on the other hand, advocated classical conditioning. Hence, option B is correct.
What is BF Skinner most famous for?BF Skinner, The foundation of B.F. Skinner's theory, is the idea that learning is a result of altering overt behaviour. A person's response to external circumstances leads to changes in behaviour.
The effect of American psychologist B. F. Skinner on behaviourism is well acknowledged. Free will is essentially only an illusion, according to Skinner, who referred to his own philosophy as "radical behaviourism.
Thus, option B is correct.
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An _______ is an activity to get you thinking about your project including your role, the challenge and objectives. Question 4 options: obstacle course benchmark hour nap entry event
Answer:
obstacle course
Explanation:
An obstacle course helps your mind to focus on your project or activities and gets your thought process going.
Hours of labor or number of workers are common ways of measuring a company’s
Answer:
It is productivity
Explanation:
Levi has always wanted to be a lawyer, but the top career cluster for him, according to his personal assessment, is the Arts, A/V Technology, and Communications cluster. What would be a mistake for Levi after taking the personal assessment? giving up on being a lawyer researching the Arts, A/V Technology, and Communications career cluster talking about the test with a school counselor researching the Law career cluster
Answer:
A) Giving up on being a lawyer
Explanation:
Just because some test told Levi he was good at the Arts, A/V Technology and communications cluster. Doesn't mean it he has to give up on his goal.
Answer:
A. giving up on being a lawyer
Explanation:
Edge 2021
Pilot Company pays for two years of rent in advance. Recording this transaction would include a debit to:______.
Answer:
prepaid rent
Explanation:
From the question we were informed about how a Pilot Company pays for two years of rent in advance.
Incase of Recording this transaction, it would include a debit to prepaid rent
debit to prepaid rent is one of the journal entry for prepaid rent, and a prepaid rent is usually pen down as asset and it gives the rent expenses in future time , since the Pilot Company pays for two years of rent in advance,debit to prepaid rent must be included when recording the transaction.
four degrees of competition
Answer:
There are four types of competition in a free market system:
perfect competitionmonopolistic competitionoligopolymonopolyUnder monopolistic competition, many sellers offer differentiated products—products that differ slightly but serve similar purposes.
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Amanda Roberts works a Monday Through Friday work week at a rate of 8.75$ per hour. She takes a 1 hour lunch break. If she clocks in each day at 8:45 am and leaves at 5:15 pm what is her total pay for the week?
4) Tye-Dye Sports manufactures custom long boards and has fixed costs of $945.00 per week and total costs of $8070.00 if the weekly output is 15 boards.a) Write the equation for the cost function, C(x). x is the number of long boards.b) If the boards sell for $546.00 a piece, write the equation for the revenue function, R(x).c) Write the profit function, P(x).d) How many long boards will the company need to manufacture and sell each week to break even?
Answer:
Tye-Dye Sports
a) Cost function, C(x) = $475x + $945 = $8,070
b) Revenue function, R(x) = $546x
c) Profit function, P(x) = R(x) - C(x)
d) To break-even, Fixed cost/Contribution per unit
= 13.3 or 14
Explanation:
a) Data and Calculations:
Fixed costs = $945 per week
Total costs = $8,070 per week
Production units = 15 boards per week
Variable costs = Total costs minus fixed costs
= $7,125 ($8,070 - 945)
Variable cost per unit = $7,125/15 = $475
Cost function, C(x) = $475x + $945 = $8,070
Revenue function, R(x) = $546x
Profit function, P(x) = R(x) - C(x)
= $546x - ($475x + $945)
Contribution per unit = $546 - $475 = $71
To break-even, Fixed cost/Contribution per unit
= $945/$71 = 13.3 or 14
Complete the sentence. As _____ increases, specialization increases as well
.A.division of laborB.physical capitalC.opportunity costD.voluntary exchange
Answer:
B. Division of labor
Explanation:
ap*x
From the given question the correct answer is option A
Division of laborAs a division of labor increases specialization increases as well.
This supports help to grow as a specialization of labor, for example, allows workers to perfect one task rather than focus on many.
When As workers become more adept at a specialized task, also they become more efficient, and also production increases.
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In economics, the term productivity refers to:
A. a graph that shows the relationships between a number of
different resources.
B. the amount of output compared to the input needed to create
something
C. money invested in a business to promote its success in the future.
D. the amount of growth a businestly demonstrates over a long period.
Answer: it’s the amount of output compared to the input needed to create something
Explanation:
just took the test
In economics, the term productivity refers to the amount of output compared to the input needed to create something. Thus option (B) is correct.
What is productivity?Productivity refers to the efficiency with which resources (such as labor, capital, and materials) are used to produce goods and services. It is a measure of the amount of output produced per unit of input used.
The productivity is an important economic concept because it helps to determine the level of output that can be produced from a given set of resources.
The higher productivity can lead to greater output, which in turn can lead to increased economic growth and prosperity.
In economics, the term productivity refers to the amount of output compared to the input needed to create something. Therefore, option (B) is correct.
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Petra is the chief executive officer of the logistics company she reviews her company‘s financial statement regularly when making decisions about further expansion plans how would you categories Petra
Answer:
Explanation:
Clarification: Accounting is separated into two sections
Section 1: Financial Accounting: The monetary bookkeeping identifies with the planning of the asset report and other fiscal summaries like accounting report, benefit and misfortune record and income. The essential clients are leasers, speculators for these fiscal summaries.
Section 2: Managerial Accounting: The administrative bookkeeping gives data about monetary and money related data for supervisors and other inward clients. They are more adaptable as is required for the board basic leadership. The essential clients are workers, CEOs, and friends' administrators.
Petra is a CEO of coordinations division, consequently falls into administrative bookkeeping clients.
Answer:
B.) Internal User
A student wanted to know the most effective way to grow bacteria in a lab. He conducted a descriptive investigation instead of an experimental investigation. What is a limitation of his investigation? O A descriptive investigation cannot show a cause-and-effect relationship between bacteria growth and possible factors affecting growth. O A descriptive investigation is always more expensive than an experimental investigation. aner O A descriptive investigation usually does not involve much data collection to support a hypothesis. O A descriptive investigation provides little prior knowledge or background information about bacteria growth.
Answer:
C). A descriptive investigation usually does not involve much data collection to support a hypothesis.
Explanation:
The limitation of a descriptive investigation is that 'it lacks sufficient data to support the proposition.' A descriptive investigation does not test the validity of a truth or distinct methods of growing it or to make comparisons between them. It rather focuses only on describing in-depth instead of practically examining the validity of the fact and using it to supporting the claim made in the hypothesis, unlike an experimental investigation. Thus, option C is the correct answer.
Answer: A - A descriptive investigation cannot show a cause-and-effect relationship between bacteria growth and possible factors affecting growth.
Explanation: the other answer was wrong i put his answer and when i got it wrong i was given the correct choice so i do not want yall to mess it up
Hank earns per hour with timeandahalf for hours in excess of per week. He worked hours at his job during the first week of March 2018. Hank pays income taxes at % and % for OASDI and Medicare. All of his income is taxable under FICA. Determine Hank's net pay for the week.
Answer:
$1,021.02
Explanation:
Calculation for Hank's net pay for the week
Straight Time Pay $960
(40 × $24)
Overtime pay 360
(10 × $24× 1.5)
Less Federal Income tax (198)
[(960+360)×15%]
=1,122
OASDI and Medicare 100.98
(7.65% × $1,320)
Net Pay $1,021.02
(1.122-100.98)
Therefore Hank's net pay for the week will be $1,021.02
Varion Air offers its customers a complementary air ticket on the purchase of three business class tickets. Varion Air's strategy best represents the ____ element of its marketing mix.
place
promotion
price
product
The Varion Air offers its customers a complementary air ticket on the purchase of three business class tickets. Varioun Air's strategy best represents the promotion element of its marketing mix.
What is strategy?An organization's long-term objectives and the plan it has to achieve them are referred to as its strategy. In other words, it demonstrates the strategy for achieving the stated goal.
Advertising, sales promotion, and public relations, three of the five promotional factors, are frequently cited as using mass selling. Mass selling is the promotional strategy that contacts large groups of potential customers
Therefore, Thus option (B) is correct.
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Identify the career that matches the description. Develops new processes to improve crops and harvests: Creates decorative flower arrangements: Plants, grows, and harvests crops: Supervises workers who grow and harvest plants for individual customers: Maintains lawns, gardens, and parks:
Answer:
Identify the career that matches the description.
Develops new processes to improve crops and harvests:
✔ Soil or Plant Scientist
Creates decorative flower arrangements:
✔ Floral Designer
Plants, grows, and harvests crops:
✔ Farmworker or Laborer, Crop
Supervises workers who grow and harvest plants for individual customers:
✔ Nursery or Greenhouse Manager
Maintains lawns, gardens, and parks:
✔ Landscaping or Groundskeeping Worker
Explanation:
Edge 2021
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Western deli pays its couriers straight time for 36 hours per week and double time for any horus more than 36 worked last week kevin alvarez worked a total of 42 hours and had total pay of 545.28 what is his straight time pay
Answer:
Western Deli
Kevin Alvarez's straight time pay = $408.96
Explanation:
Data and Calculations:
Straight time = 36 hours per week
Overtime hours worked = 6 hours
Total hours worked = 42 hours
Total pay for the week = $545.28
Rate of pay:
Straight time = Hourly rate
Overtime = Hourly rate x 2
Total hours paid = Straight time + 2 of Overtime = 36 + 12 = 48 hours
Hourly rate = $545.28/48 = $11.36
Therefore, Straight time pay = 36 x $11.36 = $408.96
who ever can make me laugh will 100.00 dollars in cash
Q: what do you say when you're going to drunk dial someone
A: Al-chol you
Answer:
What did one hat say to the other?
You stay here. I’ll go on ahead.
Explanation:
What are the three main decision-making types discussed in the article? (Site 1)
Answer:
1. Certain
2. Risk
3. Uncertainty
Explanation:
Answer:
1. Certain
2. Risk
3. Uncertainty
Explanation:
edg2021
During a decline in the economy, a limited number of jobs will motivate a growing number of to start new businesses.
Answer: Experienced but unemployed people
Explanation: In times of economic slowdown such as a recession, the rate of employment goes up. Many qualified workers seeking employment will not be hired. Experienced workers lose their jobs as a result of a decline in production.
The experienced worker who fails in securing new jobs ends up starting their businesses. These experienced workers already have knowledge on how to run a business, and would probably have some saving. With their qualification and experience, managing a new business is not very challenging for them.
The 2008 financial crises resulted in the establishment of many new startup businesses.
Answer:
Entrepreneurs
Explanation:
i hope this helps ! <3
Commercial hotels are usually in downtown or _____________ districts.
Answer:
buisness
Explanation: