Two goods are said to be complements when a fall in the price of one good:
A. leads to a fall in the price of the other good.
B. leads to a left shift in the demand for the other good.
C. leads to a right shift in the demand for the other good.
D. doesn't affect the demand for the other good.
Answers
When two goods are said to be complementary goods, a fall in the price of one good doesn't affect the demand for the other good. The correct option is (D).
Complementary goods are those goods that are used together, and they have a negative cross-price elasticity of demand. This means that if the price of one good increases, the demand for the other good decreases.
Conversely, if the price of one good decreases, the demand for the other good increases. For example, bread and butter are complementary goods because they are often used together.
If the price of bread decreases, the demand for butter will not be affected, and people will continue to buy butter at the same rate. Therefore, the correct answer is D.
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Related Questions
Describe three features of Agriculture before the Agricultural Revolution.
Answers
The three features of Agriculture before the Agricultural Revolution are "Nomadic lifestyle, Small-scale farming, and Limited technology".
The agricultural revolution was the agriculture small-scale practices and subsistence-based activity that played a secondary role to hunting and gathering.
The three features of Agriculture before the Agricultural Revolution are Nomadic lifestyle, Small-scale farming, and Limited technology.
The Nomadic lifestyle referred to practice in agriculture in which humans were predominantly nomadic and relied on hunting and gathering for sustenance. They moved from place to place in search of food.
The Small-scale farming referred to clearing small plots of land and planting crops.
The Limited technology referred to used primitive tools, such as stone axes and digging sticks, to clear land and plant crops.
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How are technology and technical profession related
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The calculation of annual net cash flow from a particular investment project should include all of the following except: a. Cost of products generated by the investment. b. Revenues generated by the investment. c. Depreciation expense. d. Income taxes.
Answers
The calculation of annual net cash flow from a particular investment project should include all of the following except cost of products generated by the investment. The correct answer is a.
The calculation of annual net cash flow from a particular investment project involves determining the amount of cash inflows and outflows associated with the project. Cash inflows are typically generated by the sale of products or services produced by the investment, while cash outflows include expenses such as depreciation and income taxes. The cost of products generated by the investment is not a cash flow, but rather a production cost.
Thus, it should not be included in the calculation of net cash flow. To accurately determine the net cash flow, all cash inflows and outflows must be considered, and any non-cash expenses, such as depreciation, must be added back to the calculation. The correct answer is a.
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Look at the following chart. Producer A · Can produce 200 apples and 100 oranges in one day - Can produce 400 apples and o oranges in one day
Answers
Answer:
D
Explanation:
Based on the following information, the opportunity cost of producer A is to choose to grow both varieties of fruits or apples only. Thus the correct option is D.
What does the opportunity cost?A situation of abundance, where an individual has a variety of options available and chooses one option over another by evaluating their importance is referred to as opportunity cost.
In the given case, it is explained that Producer A's opportunity cost needs to determine between two choices. It states in the chart that producer A produces 200 apples and 100 oranges in a day. It also states that he can produce 400 apples and 0 oranges in one day.
Opportunity costs can be seen in every situation where a person is required to decide between something and giving up something else. In accordance with this theory, economic agents choose options that maximize benefits.
Therefore, option D is appropriate.
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Doug offers to sell a computer router to Eve, but it is stolen before Eve accepts. Doug:
a. is not required to obtain a similar item for Eve, because it could take an unreasonable period of time to obtain a replacement.
b. is not required to obtain a similar item for Eve, because the theft of the original router terminated the offer.
c. must obtain a similar item for Eve, if Eve offers to pay before delivery.
d. must obtain a similar item for Eve, if Doug tells Eve that he accepts the offer.
Answers
Answer:
The answer is B
Explanation:
Since its been stolen he can't offer her anything anymore based on that transaction
Managing the international environment (Connect, Perform) Kirin Brewery, Japan's largest producer of beer, allows the Charles Wells Brewery in England to manufacture beer to Kirin's specifications and market the beer as Kirin Beer. Kirin Brewery earns a royalty on the beer sold in England. What type of international business is this an example of? O Franchising Licensing O Exporting Importing Disney invested approximately $4 billion to construct a Disney theme park and resort near Shanghai, China.
Answers
In the given situation international business is an example of the (B) licensing business.
What is licensing business?A business arrangement whereby one firm authorizes another company to produce its goods in exchange for a certain fee.
Leasing out your patents, trademarks, copyrights, designs, and other intellectual property to third parties is one of the fastest and most profitable methods to expand your firm.
Normally, a company's economic activity and physical location (address) decide whether licenses are required to operate lawfully.
The number of employees and the type of organization, such as sole proprietorship or corporation, may also be deciding considerations.
A company operating without the necessary business permits may be fined or shut down by government organizations.
Therefore, in the given situation international business is an example of the (B) licensing business.
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Correct question:
Kirin Brewery, Japan's largest producer of beer, allows the Charles Wells Brewery in England to manufacture beer to Kirin's specifications and market the beer as Kirin Beer. Kirin Brewery earns a royalty on the beer sold in England. What type of international business is this an example of?
A. Franchising
B. Licensing
C. Exporting
D. Importing
wal-mart shares large amounts of its data with its supply partners. what is the motivation for doing so?
Answers
The inducement for doing so is Lowering charges of products.
The required details for Product pricing in given paragraph
Product pricing is a technique that includes the interpretation of product fee into quantitative terms. Pricing selection is commonly made earlier than its preliminary launch to the market, however, groups can alternate the promoting charge at any factor for quite a few reasons. Pricing is critical since it defines the fee that your product are really well worth in order to make and to your clients to use. It is the tangible charge factor to permit clients recognize whether or not it's miles really well worth their time and investment. charges decide what items are to be produced and in what quantities; second, they decide how the products are to be produced; and third, they decide who gets the products.
The items so produced and dispensed can be patron items, services, labor, or different salable commodities.
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The purpose of an electric spreadsheet is to and data in an concise manner
Answers
Answer:
A spreadsheet is a computer application for organization, analysis and storage of data in tabular form. Spreadsheets were developed as computerized analogs of paper accounting worksheets. The program operates on data entered in cells of a table.
if the marginal propensity to save is 0.2, the multiplier will be _____. a. 0.8
b. 8
c. 1.25
d. 5
Answers
where Marginal Propensity to Consume (MPC) is equal to 1 - Marginal Propensity to Save.
Given that the Marginal Propensity to Save is 0.2, we can calculate the MPC as:
MPC = 1 - Marginal Propensity to Save
MPC = 1 - 0.2
MPC = 0.8
Substituting the value of MPC into the formula for the multiplier, we get:
Multiplier = 1 / (1 - MPC)
Multiplier = 1 / (1 - 0.8)
Multiplier = 1 / 0.2
Multiplier = 5
Therefore, the multiplier is 5, and the correct answer is (d).
Monetary policy Select one: a. cannot be implemented quickly and most of its impact on aggregate demand occurs months after policy is implemented. b. can be implemented quickly and most of its impact on aggregate demand occurs very soon after policy is implemented. c. can be implemented quickly, but most of its impact on aggregate demand occurs months after policy is implemented. d. cannot be implemented quickly, but once implemented most of its impact on aggregate demand occurs very soon afterward.
Answers
Answer:
c. can be implemented quickly, but most of its impact on aggregate demand occurs months after policy is implemented.
Explanation:
A monetary policy can be defined as the actions (macroeconomic policies) adopted and undertaken by the central bank of a particular country to control the money supply and interest rates so as to boost or enhance economic growth. The central bank uses monetary policies to manage inflation, economic growth through long-term interest rates and level of unemployment in a country. In order to boost economic growth, monetary policy is used to increase money supply (liquidity) while it is also used to prevent inflation by reducing money supply.
Generally, money supply comprises of checks, cash, money market mutual funds (MMF) and credit (mortgage, bonds and loans).
Typically, a monetary policy can be implemented quickly by the central bank of a particular country, but most of its impact on aggregate demand occurs months after policy is implemented.
Assume that the oil extraction company needs to extract Q units of oil (a depletable resource) reserve between two periods in a dynamically efficient manner. What should be a maximum amount of Q so that the entire oil reserve is extracted only during the 1st period if (a) the marginal willingness to pay for oil in each period is given by P = 26 - 0.5q, (b) marginal cost of extraction is constant at $3 per unit, and (c) discount rate is 1%?
Answers
To determine the maximum amount of oil reserve, Q, that should be extracted only during the 1st period, we need to compare the marginal cost of extraction with the marginal willingness to pay for oil in each period.
(a) The marginal willingness to pay for oil in each period is given by P = 26 - 0.5q, where q represents the quantity of oil extracted in each period.
(b) The marginal cost of extraction is constant at $3 per unit.
(c) The discount rate is 1%.
We want to maximize the total present value of revenue from oil extraction. The present value of revenue can be calculated using the formula:
PV = Σ [(P - MC) / (1 + r)^t],
where PV is the present value of revenue, P is the price per unit, MC is the marginal cost per unit, r is the discount rate, and t is the time period.
Since the marginal cost of extraction is constant at $3 per unit, MC = $3.
Using the formula for marginal willingness to pay, we have P = 26 - 0.5q.
Substituting the values into the present value formula, we get:
PV = Σ [(26 - 0.5q - 3) / (1 + 0.01)^t],
where the summation is taken over the 1st period.
To maximize PV, we want to extract the maximum amount of oil reserve, Q, only during the 1st period. This means the summation will include all values of q from 0 to Q.
To find the maximum value of Q, we need to determine the point at which extracting any additional unit of oil in the 1st period would result in a lower present value.
Therefore, we need to find the value of Q where the marginal willingness to pay, 26 - 0.5Q, is equal to the marginal cost, $3.
26 - 0.5Q = 3,
Solving for Q:
0.5Q = 23,
Q = 46.
Hence, the maximum amount of oil reserve, Q, that should be extracted only during the 1st period is 46 units.
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ntdSraacmdneorPafer difinition
Answers
Answer:
what is the questions word
Explanation:
connect academy contracts with states to provide virtual public education. at connect academy, the work groups are divided into educators, assessors, recruiters, and business operations. connect academy’s structure is best described as:
Answers
The organizational setting at at connect academy is what is called the hollow structure.
In this type of setting, the business contract is outsourced. Those that are given these functions are agencies. While the rest of the work that is to be done would be handled by the house team.
In this type of structure, other core processes are still handled internally. The processes that are not really seen as the core are what is outsourced.
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What is the area of the triangle below?
4
18
Answers
Hammers, screwdrivers, drills, and saws are _____ a construction worker uses.
-tasks
-skills
-tools
-qualifications
Answers
Answer:
are a - tool - construction workers use
3. choose one of the following:1) internet of things 2) blockchain 3) big data/analytics describe two real-world applications of your chosen technology. how does this technology enhance business competitiveness/profitability in the two applications?
Answers
3. I have chosen the Internet of Things (IoT) as the technology to discuss. The IoT refers to the network of interconnected physical devices that collect and exchange data. It has numerous real-world applications across various industries.
The Internet of Things (IoT) has revolutionized the way businesses operate by connecting devices and enabling them to communicate and share data. This technology has the potential to enhance business competitiveness and profitability through its wide range of applications.
1. Smart Manufacturing: IoT enables real-time monitoring and control of manufacturing processes. By connecting machines, sensors, and production lines, businesses can gather data on machine performance, energy consumption, and product quality. This data can be analyzed to optimize production efficiency, minimize downtime, and reduce maintenance costs. Improved productivity and quality ultimately enhance business competitiveness and profitability.
2. Supply Chain Optimization: IoT facilitates end-to-end visibility and tracking of goods throughout the supply chain. RFID tags and sensors can monitor product location, temperature, and condition during transportation and storage. This data enables businesses to streamline logistics, improve inventory management, and reduce losses due to theft or spoilage. By optimizing the supply chain, businesses can reduce costs, improve delivery times, and enhance customer satisfaction, leading to increased profitability.
The Internet of Things (IoT) has transformative potential in various industries. In the context of smart manufacturing, IoT enables real-time data analysis to enhance productivity and quality. In supply chain optimization, IoT provides end-to-end visibility, leading to improved logistics and inventory management.
By leveraging IoT, businesses can gain a competitive edge by improving operational efficiency, reducing costs, and delivering better products and services to customers. The ability to collect, analyze, and utilize data from interconnected devices empowers businesses to make informed decisions, drive innovation, and ultimately improve their profitability and market position.
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Under what conditions is industry analysis not as powerful?.
Answers
Answer:
Explanation:
a) in times of stagnation. b) in fast-changing industries.
The conditions are industry analysis not as powerful are in fast changing. The technologies are the changes, the process was the not change.
What is industry?
The term industry refers to the factory are the manufacturing of the product. The production of the goods making. The process of the raw material are the converted into the finished goods. The labour are the performing the work. The industry are the important part of the economy.
The industry are the significant part of the economy because it's they generate the employment. The industry are the not powerful as the in fast changing. The main causes are the in fast-changing industries. The industries are the not adopted to the all the technology because its the increases the expenses.
As a result, the conditions are industry analysis not as powerful are in fast changing.
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What can a boosted post help an advertiser achieve?
Answers
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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The culture of a country in which a facility is located has an important influence on human resource management (HRM) practices. Other important factors are the education and skill level of a country's labor markets, its political-legal system, and its economic system.
When a company operates in many different countries, its HR managers need to develop expertise in each country's economic system and political-legal system and gain knowledge about the education and skill levels of the country's workers. HR practices, such as performance management, hiring and recruiting, compensation, training, and policies that reflect the laws and regulations to which the company is subject, all impact its HRM decisions.
This activity is important because these factors affect a company's HRM strategies, which is critical in an age of increasing globalization.
The goal of this activity is to determine which factor most strongly influences human resource management in international markets.
Read each action taken related to an HR policy, then select the appropriate factor to which it most closely pertains.
1. The Japanese subsidiary reduced the emphasis on individual performance evaluations because performance was based on a collective rather than on an individual outcome.
2)2. Changes in European Union employment laws prevented the French subsidiary from implementing its downsizing strategy as planned.
3. The availability of low-cost, high-quality engineers caused the company to move its Asian resource and development center from Tokyo to Shanghai.
4. To encourage workers from capitalist countries to move to countries under socialist systems, such as Poland, the company needed to ensure that those expatriates would keep more of their earnings.
5. The Dutch subsidiary increased hiring and also expanded operations as a result of the availability of high-caliber scientists.
6. The process for filing evaluation forms for employees in the German subsidiary was redesigned because German law allows Germans the right to see their own personnel files.
7. The Russian subsidiary struggled to get employees to pursue advanced science degrees because, under communism, the tie between level of education and salary increases was not common.
8. Collaboration between the Chinese and British subsidiaries collapsed due to differences in the prevailing communication styles in the two countries.
Options
a)Cultural
b)Political -Legal
c)Education and Skills
d)Economic System
Answers
Answer: Cultural
2. Political-Legal
3. Education and skills
4. Economic system
5. Education and skills
6. Political-Legal
7. Economic system
8. Cultural
Explanation:
Cultural factor are the beliefs, values and the traditions that affects an organization.
The political-legal factor refers to the policies and the laws in place which affect a business.
Education and skills are the skills that are possessed by an individual and their level of education which has an impact on a business.
Economic system refers to the way through which societies organize and distribute the resources in the economy.
Based on the above definition, the answers to the questions will be:
1. Cultural
2. Political-Legal
3. Education and skills
4. Economic system
5. Education and skills
6. Political-Legal
7. Economic system
8. Cultural
A company reported $100,000 in sales and $80,000 in variable costs at the breakeven point of 200 units. If the company sells 201 units, net profit will be ______.
Answers
Based on the number of units and the selling price, the net profit would be $500.
To find the net profit, you need to find the selling price.
Selling price of goods= Amount earned in sales / Number of units sold
= 100,000 / 200
= $500 per unit
Net ProfitThe net profit can be found as:
= Selling price per unit x (Sales volume - Breakeven quantity)
= 500 x (201 - 200)
= $500
In conclusion, the profit would be $500.
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The adjusted trial balance of corporation at december 31 shows that sales revenue for the year was and other revenue was. Cost of goods sold for that same period was , while other expenses totaled. The corporation declared and paid dividends of during the year. The balance of retained earnings before closing entries was
Answers
The record of the entry to close out the revenue accounts will be as debit sales revenue (525,000), debit other revenue (57,000), and Credit Retained (582,000).
Revenue accounts' debit entries cover sales-related allowances, discounts, and refunds. Credits boost the balance while debits lower the net revenue in revenue-type accounts via the returns, discounts, and allowance accounts. ADVANCE KNOWLEDGE.
Debit entries indicate a decline in the revenue accounts in the income statement, whereas credits indicate an increase in the account. The foundation of double-entry accounting is the idea of debits and offsetting credits.
Retention Credit is the sum indicated in the applicable Participant's Retention Agreement that will be credited to the Participant's Retention Account as a "Deferred Compensation Account" (as that term is defined in the applicable Retention Agreement).
Businesses that kept paying staff while closed due to the COVID-19 epidemic or saw severe drops in gross receipts from March 13, 2020, to December 31, 2021, are eligible for the Employee Retention Credit (ERC), a refundable tax credit.
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NOTE: The question given on the portal is incomplete. Here's the complete question:
QUESTION: The adjusted trial balance of Arctic Corporation at December 31 shows that sales revenue for the year was $ 525,000 and other revenue was $ 57,000. Cost of goods sold for that same period was $ 265,000, while other expenses totaled $ 195,000. The corporation declared and paid dividends of $ 10,000 during the year. The balance of retained earnings before closing entries was $ 490,000. Record the entry to close out the revenue accounts.
what effect would an effective minimum wage have on a perfectly competitive market?
Answers
In a aggressive exertions marketplace, an boom within side the minimal salary reduces employment and will increase unemployment. A minimal salary may want to boom employment in a monopsony exertions marketplace on the equal time it will increase wages.
The required details for unemployment in given paragraph
The time period unemployment refers to a scenario in which someone actively searches for employment however is not able to locate paintings. Unemployment is taken into consideration to be a key degree of the fitness of the economy. The maximum regularly used degree of unemployment is the unemployment rate. It's calculated via way of means of dividing the wide variety of unemployed human beings via way of means of the wide variety of human beings within side the exertions force. Many governments provide unemployment coverage to sure unemployed people who meet eligibility requirements.
Unemployment is a key financial indicator as it alerts the ability (or inability) of employees to attain gainful paintings and make contributions to the efficient output of the economy. More unemployed employees suggest much less general financial production.
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Consider the market for cars. Which determinant of demand is affected by each of the following events? a. Environmentalists launch a successful One Family. One Car campaign: (Click to select) b. A baby boom occurred 16 years ago (Click to select c. layoffs increase as the economy sheds millions of jobs Click to select d. Ano shortage causes the price of gasoline to sor. (Click to select e. The government offers tax rebates in return for the purchase of commuter rail tickets Click to select f. The government announces a massive plan to ball out the auto industry and subsidize production costs:
Answers
Price, income, tastes and preferences, the cost of related goods, the number of consumers, and government policies all play a role in determining demand.
Which are the determinants of demand in this example?
Changes in price cause movement along the demand curve, and changes in other determinants cause the entire demand curve to shift, as shown by the effects of determinants of demand on the demand curve.
Environmentalists start a prosperous Single Family. One Car movement preferences and tastes, Amount of buyers
16 years ago, there was a baby boom: Amount of buyers.
As the economy loses millions of jobs, layoffs rise: Income.
The cost of gasoline rises due to a shortage: cost of associated goods.
Tax credits are provided by the government in exchange for the purchase of commuter rail tickets: Cost of the item and governmental regulations.
The government reveals a comprehensive plan to support production costs and save the auto industry: Cost of the good and government regulations.
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Which business environment are SMEs part of? Micro, market,macro environment and why
Answers
Answer:
Micro-environment factors include internal factors i.e. customers, suppliers, competitors, etc. whereas macro-environment has external factors like political, social, economic, etc.

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Ways in which learners could consider finding job opportunities after school
Answers
Finding job opportunities after school can be a daunting task, but there are a variety of ways to make it easier. Firstly, learners can use online job searches websites such as Indeed and LinkedIn to search for open positions.
Second, going to career events and job fairs can be a wonderful method to network and find out more about available positions.
Lastly, asking their network of family and friends for recommendations and leads can be really helpful.
Finally, applying for internships or apprenticeships can be a fantastic method for individuals to expand their skill set and gain experience.
Using these services will greatly improve students' prospects of getting employment following graduation.
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if the average investor wants to add commodities to their portfolio, which would be considered the most accessible security type to buy?
Answers
The most accessible security type to buy is stock.
What is stock?A stock, usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and profits in proportion to the number of shares they own.Most individual investors' portfolios are built on stocks, which are mostly bought and sold on stock exchanges. Government standards designed to shield investors from dishonest tactics must be followed during stock trades.The easiest commodity to include in a portfolio is stocks. It is not necessary for mutual funds and ETFs since the investor is dealing with the money of others as an average investor. Stocks are the commodity that may be purchased the easiest here.To learn more about stock, refer to
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Peggy started work after graduation and started investing.
Why do you think Peggy would have decided to invest?
A. to keep her finances liquid for emergencies
B. to earn compound interest
C. to minimize the risk of losing money
D. to build on her retirement fund
E. to take out a student loan for further education
Answers
Answer:
c
Explanation:
Highschool students still don’t know what to do after graduation and may lead to debt after
Which of these is an example of negligence?
O A. A young girl pulls another young girl's hair.
• B. An elderly woman gets knocked over when someone tries to steal
her purse.
• C. A custodian leaves a broom on the floor and a visitor trips over it.
O D. A company falsely accuses another company of using fake
products.
SUBMIT
Answers
Answer:
is d A company falsely accuses another company of using fake
what does the abbreviation of CD stand for. (this is financial i put it under business because it is the closest thing to financial literacy)
A. certificate of disposal
B.certificate of interest
C.credit of deferral
D.certificate of deposit
Answers
Answer:
D) certificate of deposit.
Explanation:
All changes saved
2. It's best for event marketers to have a single official website listing information about the event?
Answers
Answer:
True
Explanation:
Customers have a preference for a one-stop shopping experience. In other words, customers would prefer to shop in a store that provides a variety of all the products and services they need.
For event marketers, it will be advantageous if they list all their services on a single website. Customers requiring a wide range of services are likely to contact them for business. If they list services on different websites, customers will likely view them as different providers, offering varied services. This will make them continue searching for a preferred service provider.