The non-price determinant of the number of sellers in the market is causing the curve to shift
Demand curve shifts occur when demand determinants other than price change. It occurs when the demand for goods and services changes, even if the price does not change.
To understand this, we first need to understand what the demand curve does. Record the demand plan. This is a detailed chart showing the number of units purchased at each price. It follows the law of demand that people buy fewer units as prices go up. Unless nothing else changes, a business principle is called ceteris paribus. This means that all demand determinants other than price must remain the same.
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A $1500 check written for supplies was journalized and posted as $150. the entry to correct this error is:_________
A $1500 check written for supplies was journalized and posted as $150. the entry to correct this error is debit equipped $1350, credit cash $1350.
Supply is the amount of resources that firms, producers, workers, providers of financial assets, or other economic agents are willing to offer to markets or individuals. Supplies can be products, labor, raw materials, or other rare or valuable items.
Supply is the basic economic term for the total amount of a particular good or service available to consumers. Supply can refer to the quantity available at a particular price or the quantity available across the price range displayed on the chart.
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When there is a serious concern, providers should urge the consumer file a recipient right complaint instead of a grievance. a. true b. false
It is a false statement that providers should urge the consumer to file a recipient right complaint instead of a grievance.
What is a recipient right complaint?These are imminent complaint that can occur when someone believe that their rights has been violated and may use such form to make a complaint.
In practice, the right complaint often follow a procedure that addresses communications submitted by individuals, groups or non-governmental organizations that claim to be victims of human rights
These recipient right complaint are reviewed by a rights officer/advisor who will conduct an investigation to know who is guilty.
Because the consequence of a right complaint could be gravely, then, it should be prevented, thus, It is a false statement that providers should urge the consumer to file a recipient right complaint instead of a grievance.
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Ford Motor Company builds a glass windshield plant in Mexico and the windshields will be used in its automobile plants in the United States. This action could be considered to be
Ford Motor Company builds a glass windshield plant in Mexico and the windshields will be used in its automobile plants in the United States. This action could be considered to be a greenfield and vertical investment
Glass windshield
Because they are difficult to break or shatter, the windshield is regarded as one of the safest types. Laminated glass is typically used for car windshields. When a parent business establishes a subsidiary in another nation and starts up activities there, this sort of foreign direct investment is known as a "green-field" venture. With regards to constructing new factories or manufacturing facilities, green-field investments come with increased risks and expenses.
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David, a real estate broker representing the seller, received an offer on his client's property for $450,000, $50,000 below the asking price. However, the prospective buyer told David that he is capable and willing to offer up to $525,000. According to David's fiduciary duties to his client, what should he tell the client...
The client should be told that the potential buyer is prepared to pay $25,000 more than the asking price. This is further explained below.
What is a real estate broker?Generally, Real estate brokers are real estate agents who successfully complete additional schooling requirements and get a state real estate broker license.
In conclusion, Informing the customer that a buyer is willing to pay $25,000 more than the asking price is appropriate.
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Demand for movie rentals is highly elastic. A video store that raises the price of a rental will Group of answer choices lose revenue. possibly gain or lose revenue. gain revenue. see no change in revenue.
It will lose revenue
What is the relation between elastic demand and price change?
An elastic demand responds proportionately to changes in price and is present in products or services that have substitutes.
It implies that if a good's price goes up, less people will want it. The opposite is also true; if the price drops, the demand will increase.
On the other side, elasticity describes the effect of prices on consumer demand for goods, and there are a number of important elements that affect this relationship:
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Estimates of the income elasticity of demand for health care indicate that it is about 1. These estimates suggest that spending on health care will probably:
The income elasticity of demand is 1 which shows that if the prices are lowered the demand will increase. The quantity demanded will change as the price changes.
What is demand?Demand is the want of a product this is influenced by the price and supply of the product. If the price of a product is increased the demand for the product will fall and if the price is lowered the demand will increase.
The demand is increased if prices are lowered and vice versa when the income elasticity of demand is positive which is the case for health care.
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A manager asks a chef to continue cooking chicken breasts after seeing them cooked to an incorrect temperature. This is an example of which step in active managerial control?
The action where the manager asks the chef to cook the chicken breasts again is what is called corrective action.
What is corrective action?This is an action that has to be carried out as a way of taking care of something that has not being done in the way that it should have been done. It is the way of getting people to take care of their mistakes.
The manager wants the chef to take care of her mistakes this was the reason why he has asked her to re cook the because the temperature was not right.
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Jacoby Company received an offer from an exporter for 21,300 units of product at $17 per unit. The acceptance of the offer will not affect normal production or domestic sales prices. The following data are available: Domestic unit sales price $25 Unit manufacturing costs: Variable 13 Fixed 3 The differential revenue from the acceptance of the offer is a.$532,500 b.$894,600 c.$362,100 d.$170,400
Option d.$170,400 is the corect option.
Incremental Net income
Increamental Revenue $4,52,800
(28,300 X $ 16 Per unit)
Less: Variable Costs $3,11,300
(28,300 X $ 11 Per unit)
Less: Fixed Cost (Not taken because does not affect this due to accepting special orders) = $0
Total Net Revenue $170,400
Answer = d.$170,400
To determine the unit price of a product, you first need to calculate the total manufacturing cost of all items manufactured in a particular time period. Then divide the estimate by the number of items. The final number is the manufacturing cost of one unit.
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Learning by doing contributes to a firm's ______
Learning by doing contributes to a firm's explicit cost
Explicit costs are normal operating costs that appear in your general ledger and have a direct impact on your company's profitability. Explicit costs clearly define the amount entered in the income statement. Examples of explicit costs are wages, rent, utilities, raw materials, and other direct costs.
Explicit costs (also known as accounting costs) are easily identified and linked to the business activities of the company to which the costs are assigned. They are recorded in the company's general ledger and are included in the expenses recorded in the income statement. A company's net income (NI) reflects the residual income that remains after all explicit costs have been paid.
Explicit costs are the only accounting costs required to calculate profits, as they have a clear impact on a company's profits. Explicit cost metrics are especially useful for long-term strategic planning by an enterprise.
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When a company has its sales forecasts prepared by management consultants, economists, or college professors, it is using a(n):______
When a company has its sales forecasts prepared by management consultants, economists, or college professors, it is using a(n): expert forecasting survey.
A survey is a survey method that collects data from a predefined group of respondents to provide information and insights on a variety of topics of interest. They have multiple purposes, and researchers can implement them in different ways, depending on the methodology chosen and the purpose of the study.
Surveys are used to collect or generate insights in areas such as social surveys and demographics. Research studies are often used to assess thoughts, opinions, and emotions. The survey can be specific and limited, or it can set more global and broader goals. types of surveys and their usage. Most studies fall into three different categories: exploratory, descriptive, and causal. In the world of online research, mastering all three will give you more informed insights and higher quality information.
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Need help ASAP! Tyyyyyy
This is a question on Entrepreneurship. The two sectors where Mama Meals plays are:
Yes. Business plans are essential for laying out the long-term goals of a business.
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Resource pricing is important because:
Resource pricing is important because resource prices are a major determinant of money incomes.
The greater the call for, the higher the charge, and vice versa. when demand is excessive, only the companies willing to pay the fee get the resources, and they will best be able to afford the sources via generating worthwhile products or services that clients are inclined to pay better expenses for.
The pricing of natural resources at stages that reflect their blended economic values and environmental values.
Adjustments in useful resource fees have an effect on the price of manufacturing. A higher price approach higher price and a decreased price method lower the cost. changes in manufacturing fees then affect the prices that dealers are willing to just accept to promote goods and services, which in the end influences the general rate level.
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_____ occurs when a sample, in some ways, is not representative of the target population.
Sampling error occurs when a sample, in some ways, is not representative of the target population. A sampling error is a statistical error that occurs when an analyst fails to choose a sample that accurately represents the entire population of data. As a result, the sample results do not correspond to the results obtained from the entire population.
Sampling is a type of analysis that involves selecting a subset of observations from a larger population. The selection method can result in both sampling and non-sampling errors. Sampling is a type of analysis that involves selecting a subset of observations from a larger population.
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Odina signs a covenant not to compete with her employer, penultimate sales corporation. a court decides that the covenant is overly restrictive. the court will likely:________
Odina signs a covenant not to compete with her employer, penultimate sales corporation. a court decides that the covenant is overly restrictive. the court will likely: restrict Odina for only a period of time.
What is a covenant not to compete?
This is the covenant that is made by two parties that would have them or one of them agreeing not to compete with the other in terms of the business that is of interest.
The goal is that the other person would not have to compete with the other in a given area over a certain or a definite time period where the other is carrying out their business.
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In the short run, a purely competitive firm can maximize its economic profit (or minimize its loss) by adjusting its
The purely competitive firm can maximize its economic profit (or minimize its loss) only by adjusting its output.
Can a purely competitive firm earn economic profit in the short run?
Businesses can only make money or lose money in a market that is perfectly competitive in the near term. Profits and losses are ultimately eliminated because an endless number of businesses produce uniform, infinitely divisible items.
When should a purely competitive firm produce in the short run?
If a corporation is purely competitive and its total revenue is more than its entire variable costs, it should produce in the near term. If P > ATC, a purely competitive firm will always turn a short-term economic profit.
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Suppose the consumer confidence index increases from 103 to 146. How does this change effect the AD/AS model
The AS curve shifts to the left.
The Consumer Confidence Index is an economic indicator published by various organizations in several countries. Simply put, rising consumer confidence is an indication of the economic growth that consumers are spending and an increase in consumption.
When the latest index exceeds 100, consumers will be more confident than in 1985. Below 100, consumers are less confident than they were then.
Consumer confidence is an economic indicator. It measures how confident consumers are about the general state of the economy. It also measures how confident people are about income stability. Their self-confidence influences not only their financial decisions but their spending activities.
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The models used in economics: A) are usually limited to variables that are directly related. B) are essentially not reliable because they are not testable in the real world. C) are of necessity unrealistic and not related to the real world. D) emphasize basic relationships by abstracting from complexities in the everyday world.
The models used in economics emphasize basic relationships by abstracting from complexities in the everyday world. (Option D).
What are economic models?Economic models can be described as an abstraction of reality. It describes phenomenon that can be observed in real life but in a simplified manner. Thus, economic models they are realistic It is essential for economic models to be testable in the real world.
An example of an economic model is the law of demand model. According to this model, there is a negative relationship between the price of a good and the quantity demanded of a good. This model is accurate because in the real world, all things been equal, the higher the price of a good, the lower the quantity of that good that would be demanded.
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Imagine a world where we run out of internet "real estate" or ip addresses. What do you think would happen? how does this compare to an internet that is limitless?
As the IPv4 cope with pool depletes, some ISPs will no longer be able to provide globally routable IPv4 addresses to customers. despite the fact that, customers are probable to require access to services at the IPv4 internet.
The net is extra constrained by the combination of available bandwidth, and sorts of content getting used, than by way of the wide variety of public ip's available.
There also are markets that promote and reallocate vintage IPv4 addresses for reuse. However, most importantly, the net will never virtually run out of IP addresses way to a more moderen widespread: IPv6.
The internet has changed business, schooling, authorities, healthcare, and even the ways wherein we interact with our cherished ones it has come to be one of the key drivers of social evolution. The changes in social conversation are of precise significance.
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As the balance in the accumulated depreciation increases, total assets because accumulated depreciation is a(n) __________ account.
As the balance in the accumulated depreciation increases, total assets because accumulated depreciation is a cumulative account.
Accumulated depreciation is that total amount upto which an asset has been depreciated up until a single point.
In each period, the depreciation expense is recorded in period in which it is added to the accumulated depreciation balance at the beginning. An asset's carrying value on the balance sheet is obtained by deducting historical cost from accumulated depreciation. At the end of an asset's useful life, carrying value of the asset on the balance sheet will match salvage value of asset.
Accumulated depreciation is shown on the balance sheet below the line of related capitalized assets. The accumulated depreciation balance keeps on increasing over time by adding the amount of depreciation expense recorded in each current period.
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An initial investment of $930 is appreciated for 19 years in an account that earns 6% interest, compounded continuously. Find the amount of money in the account at the end of the period.
The amount of money in the account at the end of the period will be $2907.89.
What is the investment?The dedication of an asset to achieve a gain in value through time is referred to as an investment. Investment necessitates the sacrifice of a current item, such as time, money, or effort.The goal of investing in finance is to earn a return on the invested asset. A gain (profit) or loss realized through the sale of a property or investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a mix of capital gain and income, may constitute the return.To find the amount of money in the account at the end of the period:Step 1: Define
Identify variables
P = 930
t = 19
r = 6% = 0.06
Step 2: Find Interest
Substitute in variables [Compounded Continuously Formula]: [tex]A=930e^{} ^{19*0.06}[/tex]
[Exponents] Multiply:
[tex]A=930e^{1.14}[/tex]
Evaluate exponents:
[tex]A=930(3.12677)[/tex]
Multiply:
[tex]A=2907.89[/tex]
Therefore, the amount of money in the account at the end of the period will be $2907.89.
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As a manager, what type of skill would you need to use if you had to decide if falling sales were a result of a faulty product or an ineffective marketing plan?
Inspire employees and clarify their vision. Find new and innovative ways to produce and deliver goods and services.
The main function of front-line managers is to oversee departments and employees. According to Lumen Learning, they are responsible for ensuring that the team achieves the goals of the organization.
Conceptual skill. These skills represent the manager's ability to organize and analyze information to improve the performance of the organization. This includes the ability to see the entire organization and understand how the different parts combine to act as an integrated unit.
Human skills are the ability to understand, change, guide, and control the behavior of other individuals and groups, and the ability to communicate, coordinate and motivate people in a cohesive team.
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Each year banks typically offer a wide range of ____________ comprised of ______________________from a variety of different companies. Group of answer choices index funds; guaranteed equity investments mutual funds; a range of stocks index funds; capital gains from trading stocks mutual funds; a range of stocks or bonds
mutual funds; a range of stocks or bonds
Each year banks typically offer a wide range of mutual funds comprised of a range of stocks or bonds from a variety of different companies.
What are mutual funds?An investment vehicle called a mutual fund combines shareholder money to buy securities including stocks, bonds, money market instruments, and other assets. Professional money managers run mutual funds. They distribute the assets of the fund and work to increase investors' capital gains or income. The investing objectives outlined in a mutual fund's prospectus are reflected in the portfolio's structure and upkeep.
Mutual funds provide access to professionally managed portfolios of stocks, bonds, and other securities for small or individual investors. Therefore, the profits or losses of the fund are shared proportionally by each shareholder. Mutual funds invest in a huge variety of assets, and their performance is typically measured as a change in the fund's overall market value, which is determined by summing the performance of the underlying investments.
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Parker Lane Cafe has a quick ratio of 4:1, $160,000 in cash, $380,000 in inventory, and $40,000 in accounts receivable. What are its current liabilities
Based on Parker Lane Cafe's quick ratio and its receivables, the current liabilities would be $50,000.
What is the quick ratio?The quick ratio shows the ratio of current assets excluding inventory, to the current liabilities.
The current assets excluding inventory is:
= 160,000 + 40,000
= $200,000
The current liabilities are:
= 200,000 / 4
= $50,000
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Refer to Table 17-4. If this market were perfectly competitive instead of oligopolistic, what would the price be
If the market were perfectly competitive instead of oligopolistic, the price would be equal to 10.
What are the 4 types of markets?
Four different market structures are recognized by economists: oligopoly, perfect competition, pure monopolies, and monopolistic competition.
How the prices are determined in different markets?
Demand and supply are interdependent, and this relationship determines market pricing. Demand and supply forces are balanced at an equilibrium price. Prices have a propensity to return to this equilibrium unless certain demand or supply characteristics alter.
What is the definition of supply and demand?
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Which method would interest groups most likely use to help shape public policy? enacting regulations to enforce their goals hiring lobbyists who can sway legislators’ opinions implementing a plan from a party’s platform evaluating the success of a new policy
The method that the interest groups need to use to help shape public policy is by enacting regulations to enforce their goals.
What does enacting laws implies?To enact a regulation means that a person or a group set up a legal and authoritative act or they made their goals into law.
Therefore, The method that the interest groups need to use to help shape public policy is by enacting regulations to enforce their goals.
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Answer:
A. enacting regulations to enforce their goals
Explanation:
Right on ED2022!
A manufacturer that only allows a consumer to purchase one product if they also buy another product is using ____________ to increase its profits.
Tie-in-sale is used to increase the profit by a manufacturer by allowing a consumer to purchase one product if they also buy another product.
What is Tie-in-sale?A tie-in-sale results from a contract between a producer and a consumer that states that the customer can only get the desired good (the tying good) if he also agrees to buy another good (the tied good) from the producer.
The sale of a product to a buyer with the explicit requirement that a second product be purchased as well.
The second item could not be desired by the consumer or she might be able to find it cheaper elsewhere. Tie-in-sale that impede competition are prohibited.
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How have the top ten countries of birth for naturalized u. S. Citizens changed from 2008 to 2017?.
International trade is fundamentally a?
International trade is fundamentally a win win situation.
What is international trade?International trade is the process by which goods and services are traded between countries. People and countries have access to goods and services that are either unavailable or more expensive domestically because to global trade.
The exchange of money, goods, and services across international boundaries or regions is a result of a need or desire for certain commodities or services. The bulk of countries' gross domestic products benefit greatly from this trade.
The most common types of trade restrictions are tariffs, quotas, and nontariff barriers. In international trade, a tariff is an import tax imposed by the federal government that raises the price of the good for the customer. Often referred to as fees or import duties, tariffs usually begin by placing restrictions on certain goods.
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All choices can have unintended consequences. When those outcomes affect someone who had no part in the initial choice, what is it called?
Free market
Free resource
Eminent domain
Externality
When outcomes affect someone not involved in the initial choice, it is known as an externality.
What is an externality?
Externality is when production or consumption activities have an effect on people who are not part of the consumption or production activity. Externality can be positive or negative.
Positive externality occurs when the benefits to third parties not involved in production is greater than the cost. An example of an activity that generates positive externality is research and development.
Negative externality occurs when the cost to third parties not involved in production is greater than the benefits. An example of an activity that generates negative externality is pollution.
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The chair of the board of the local historical association chose the bank where the organization keeps its money; however, the office manager is the primary person who makes deposits, writes checks, and balances the account every month. The office manager is the ________ in the buying center for the bank account.
The office manager is the account holder's user in the banking center.
What does an office manager do?Maintains office services by planning office operations and procedures, creating file systems, handling mail, preparing payroll, arranging office operations and procedures, and allocating and supervising clerical tasks.
Which three main bank accounts are there?The most typical kinds of bank accounts are as follows:
examining accounts. accounts for savings. accounting for money markets (MMAs)What is the finest kind of bank account?As it offers the benefits of both liquidity and interest, this is regarded as the greatest way to save your money. There are various sorts of savings accounts, including ones specifically designed for children, women, elderly, as well as lifestyle and usage savings accounts.
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