If demand is inelastic, an increase in the price of a good will cause total expenditures on the good to Group of answer choices fall. remain constant since the decrease in quantity sold is exactly offset by the price increase. rise. rise if it is a normal good and fall if it is an inferior good.

Answers

Answer 1

Answer:

Rise

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price  

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

If price is increased and demand is inelastic, the fall in quantity demanded would be less than the increase in price. As a result total expenditures would increase

Normal goods are goods that are goods whose demand increases when income increases and falls when income falls


Related Questions

"According to new growth​ theory, ______. A. prosperity will last but growth will not last because eventually the real interest rate​ falls, which slows the capital accumulation needed for growth B. growth can persist indefinitely C. growth rates and income levels per person around the globe will converge D. labor productivity grows most quickly in countries with the largest populations"

Answers

Answer:

argues

Explanation:

According to new growth theory option B. growth can persist indefinitely.

What is growth theory?

Growth theory is an economic framework that aims to explain the factors and mechanisms driving economic growth and development over time.

It seeks to understand why some economies experience sustained increases in their output (GDP), while others do not. Growth theory examines the role of various factors such as technological progress, human capital accumulation, capital investment, innovation, and institutions in driving long-term economic growth.

It provides insights into how economies can achieve higher standards of living and improve the well-being of their populations.

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Consider an economy with two agents, Amy and Becky, and two goods, x and y. Amy's utility function is U_A(x,y)=x_Ay_A, and Becky's utility function is U_B=\min\{4x_B,y_B\}. Amy and Becky's endowments are both \omega_A=\omega_B=(4,1). Suppose that the contract curve in this economy can be represented as y_A=mx_A. Find m.

Answers

Answer:

M=3

Explanation:

1. UA(x,y) = XAYA & Ug = min{3XB,YB} WA=WB=(3,1)

Now contract curve is locus of all Pareto efficient allocations,

Where

3XB_YB

XA + XB = X = 3+3=0

→ XB = 6 - X^

YA+YB = 1 + 1 = 2

YB = 2 - YA

Thus 3(6-XA) 2 - YA =

18-3XA-2+ YA = 0

➡16-3XA+ YA = 0

➡YA 3XA - 16 =

YA = 3XA

m = 3

as

So, if

then

2. UA(XA,YA) = 6XA+ YA & UB(XB, YB)= XB + 6YB

WA WB (10,10)

Core is locus of all pareto efficient allocations that make both individuals better off, as compared to these welfare level at endowment levels,

MRSA MUX/MUY = 6, MRSB-1/6 UA-6(10) + 10 = 70 = UB

Now, min XA is such that Uª> 70

➡ 6XA + YA≥ 70 as for core, allocation is Necessarily first pareto optimal,

So, YA = 0, then

➡ 6X₁> 70

➡XA≥ 70/6

Min XA2 11.67 is the answer.

An industry can be defined as a group of: a. companies offering products or services that are close substitutes for each other. b. brands that offer different products but are owned by a single firm. c. different kinds of companies that are based in the same geographic location. d. companies that are different but generate similar amounts of revenues. e. manufacturing plants of a single company.

Answers

Answer:

A

Explanation:

An industry is a group of companies that provide good and services that are closely related. An example of an industry is the beauty industry. Companies that would be included in this industry would include companies that produce lipstick, powder, foundation, cream, exfoliators etc

Classification of industries

1. primary industry : they are involved in the getting of raw materials e.g. the fishing industry

2. secondary industry :  they make use of raw materials to manufacture products e.g. automobile industry

3. tertiary industry : they provide services e.g education industry

What’s a good starter?

Answers

Smoked salmon with prawns, horseradish cream & lime vinaigrette. ...
Potted crab. ...
Charred spring onions & romesco. ...
Scallops with chorizo & hazelnut picada. ...
Triple cheese & tarragon-stuffed mushrooms. ...
Grilled lobster tails with lemon & herb butter. ...
Watercress & celeriac soup with goat's cheese croutons.

The nature of the Federal Reserve can best be described as follows: a A blended public-private institution. b The Fed branches and the Board of Governors are private enterprises, but a federal oversight committee in Congress advises the Fed. c A private corporation with no government presence. d The Fed branches are owned by the government, but the Board of Governors are private citizens. e A government agency with no private presence.

Answers

The correct answer is B) The Fed branches and the Board of Governors are private enterprises, but a federal oversight committee in Congress advises the Fed.

The nature of the Federal Reserve can best be described as follows:

The Fed branches and the Board of Governors are private enterprises, but a federal oversight committee in Congress advises the Fed.

The Federal Reserve is the Central Bank within the United States. The role of the Fed is to promote economic growth and stability by enacting monetary policy. The Federal Reserve Act of 1913 established the Federal Reserve system to avoid consumer panic.

The Federal Reserve plays a key role in helping control inflation because it keeps the money supply stable in order to maintain low inflation. Its role in the US economy is very important to maintain a healthy financial and monetary system. The monetary policy of the Fed allows the control and the supply of money to maintain the stability of the economy. This control is very important in order to maintain proper levels of inflation so prices do not increase.

A housecleaning agency was given a key to a customer's house so that the agency could have its employees clean while the homeowner was away. After a maid sent by the agency had finished and left the homeowner's house, she went back because she had forgotten her cigarettes. She neglected to lock the door when she left the second time because she was already late for the next job. When the homeowner returned after a few days away, she discovered that her house had been ransacked and several items of jewelry stolen. The front door was open, and there were no signs of forced entry. If the homeowner brings an action against the agency that employed the maid, what is the likely result

Answers

Answer:

C. She will prevail, because the maid's failure to lock the door created the risk that someone might enter and take the homeowner's valuables.

Explanation:

Based on the argument presented above, the homeowner will likely prevail against the agency because, the maid whibis an employee of the cleaning agency got the home exposed by failing to get the doors locked which might have allowed unwarranted entry into the building. The fact that there was no forced entry through any of the entry channels and the disappearance of valuables gives the homeowner a stronger case to make in this scenario in her case against the agency.

Which type of insurance covers preventive care and medical treatment?

Answers

health insurance is the answer

Accounts receivable arising from sales to customers amounted to $120,000 and $105,000 at the beginning and end of the year, respectively. Net income reported on the income statement for the year was $457,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is

Answers

Answer:

Cash flow from operating activities $472,000

Explanation:

The computation of the cash flows from operating activities to be reported on the statement of cash flows is given below:

Beginning account receivable $120,000

Add: net income $457,000

less: ending account receivable -$105,000

Cash flow from operating activities $472,000

all three levels of profession are required to run an organisation or a business is uniquely justify this statement​

Answers

Answer:

The key to a successful organization is to have a culture based on a strongly held and widely shared set of beliefs that are supported by strategy and structure. When an organization has a strong culture, three things happen: Employees know how top management wants them to respond to any situation, employees believe that the expected response is the proper one, and employees know that they will be rewarded for demonstrating the organization's values.

HR has a vital role in perpetuating a strong culture, starting with recruiting and selecting applicants who will share the organization's beliefs and thrive in that culture. HR also develops orientation, training and performance management programs that outline and reinforce the organization's core values and ensures that appropriate rewards and recognition go to employees who truly embody the values.

This article covers the following topics:

The importance of having a strong organizational culture.

HR's role in fostering a high-performance culture.

Definitions of organizational culture.

Factors that shape an organization's culture.

Considerations in creating and managing organizational culture.

HR practices to ensure the continuity and success of an organization's culture.

Communications, metrics, legal, technology and global issues pertaining to organizational culture.

Explanation:

What scenario would call for you to
consider other funding options instead of
short-term and long-term debt?
A. You have plenty of cash flow and are looking to grow
with new equipment.
B. You have a small cash position, but you are adding
multiple clients monthly.
C. Your cash flow is terrible and your accounts payable are
extremely late.

Answers

Answer:

A.you have plenty of cash flow and are looking to grow with new equipment.

Explanation:

Sana makatulong po sainyo/ihope it helps for you

JPL Company has two segments - Retail and Commercial. The Retail segment has a contribution margin ratio of 40% and traceable fixed expenses of $70,000. Commercial has traceable fixed expenses of $50,000 and a contribution margin ratio of 55%. The company also has $30,000 of common fixed expenses. The break-even point in dollar sales for the Retail segment equals: Multiple choice question. $212,500 $116,667 $175,000 $250,000

Answers

Answer:

$175,000

Explanation:

Calculation to determine what The break-even point in dollar sales for the Retail segment equals:

Using this formula

Break-even point in dollar sales =Traceable fixed expenses/Contribution margin ratio

Let plug in the formula

Break-even point in dollar sales =$70,000 / 40% Break-even point in dollar sales = $175,000

Therefore The break-even point in dollar sales for the Retail segment equals:$175,000

See the answer
1. Green Construction Co. has consistently used the percentage-of-completion method of recognizing revenue. During 2014, Green entered into a fixed-price contract to construct an office building for $24,000,000. Information relating to the contract is as follows:

At December 31

2014 2015

Percentage of completion 15% 45%

Estimated total cost at completion $18,000,000 $19,200,000

Gross profit recognized (cumulative) 1,200,000 2,880,000

Contract costs incurred during 2015 were ??

1. Green Construction Co. has consistently used the percentage-of-completion method of recognizing revenue. During 2014, Green entered into a fixed-price contract to construct an office building for $24,000,000. Information relating to the contract is as follows:

At December 31

2014 2015

Percentage of completion 15% 45%

Estimated total cost at completion $18,000,000 $19,200,000

Gross profit recognized (cumulative) 1,200,000 2,880,000

Contract costs incurred during 2015 were

a. $5,760,000.

b. $5,940,000.

c. $6,300,000.

d. $8,640,000.

Answers

Answer:

d is the answer  

Explanation:

d

Management is a process designed to achieve an organization's objectives by using its resources ____________ (accomplishing the objectives with a minimum of resources) and _________________ (having the intended result).

Answers

Answer:

efficiently, effectively

Explanation:

Management can be regarded as coordination as well as administration of set and various tasks within an organization so that some set goals cn be achieved. Some of the administration activities to reach these goal could be putting up a strategy

as well as coordination of the efforts of employees as well as utilization of available resources.

It should be noted that Management is a process designed to achieve an organization's objectives by using its resources efficiently (accomplishing the objectives with a minimum of resources) and effectively

(having the intended result).

What increases your total loan balance Interest Accrual Interest capitalism Both interest accrual interest capitalism None of the above

Answers

Answer:

Both interest accrual and interest capitalism

Explanation:

The total loan balance increases due to "Both interest accrual and interest capitalism"

This is because INTEREST ACCRUAL on a loan is capitalized, which implies that it will be added to the principal balance, therefore increasing the total loan balance.

Similarly, the INTEREST CAPITALISM occurred when a loan repayment period is missed, therefore, the amount missed is capitalized which in turn increases the total loan balance.

Answer: both

Explanation:

Piper Inc. is a large cosmetics company that made an initial small investment in a start-up company, Oscorp, which was developing an organic face lotion. This gave Piper controlling interests in the start-up company. However, Oscorp soon began to have financial difficulties because of principal-agent problems. As a result, Piper did not invest in the next stage of development and pulled out of the company. This approach to strategic alliance is referred to as a

Answers

Answer:

a real-options perspective

Explanation:

A real-options strategy or perspective regarding investments is carried out when the investor is not sure that the results will be positive or not. For example, investing in a startup is always risky since the chances of success are not very high. The investor will keep investing only as long as the results are positive. It is like investing in tranches.

Making a home inventory (select all that apply)
Question 3 options:
A: will decrease your premium by 5%.
B: will help you get your claim settled faster.
C: will help you to determine how much liability coverage to purchase.
D: will help you to determine how much personal property coverage to purchase.

Answers

A : wil dercease your premium by 5% and if my answer is nice like and thanks!!!!!!!

Externalities may prevent competitive markets from operating efficiently because A. consumers may buy goods in the black market. B. market prices may reflect the activities of consumers or producers on others. C. the market may goods that generate externalities on others. D. the market may goods that generate externalities on others. E. producers may sell goods outside of the market.

Answers

Answer:

D. the market may oversupply goods that generate negative externalities on others.

Explanation:

A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks, radio, table, etc.

In Economics, an externality could either be positive or negative depending on its effect on a third party.

A positive externality arises when the production or consumption of a finished product or service has a significant impact or benefits to a third party that isn't directly involved in the transaction.

On the other hand, a negative externality arises when the production or consumption of a finished product or service has a negative effect and/or impact (cost) on a third party.

This ultimately implies that, an externality is typically an unwarranted cost or benefit by a manufacturer or producer of goods and services that eventually affects a third party.

On a related note, externalities may prevent competitive markets from operating efficiently because the market may oversupply goods that generate negative externalities on others. Some examples of a negative externality is John declining to buy his favorite candy due to an increase in its price, a manufacturing plant that causes noise and pollution to the people living around where it is situated, etc.

what can be the scopes of technicians​

Answers

Answer:

Technicians are skilled workers that work with complex systems or perform highly technical mechanical or diagnostic tests. Depending on the field, technicians may work independently or under the direction of a professional. Technicians can work indoors or might spend most of their time outside.

An increase in consumer income increases the demand for automobiles. As a result of the adjustment to a new equilibrium, there is a(n):
A. rightward shift of the supply curve
B. upward movement along the supply curve
C. no change in the graph
D. leftward shift of the supply curve
E. downward movement along the supply curve

Answers

Answer:

B. upward movement along the supply curve.

Explanation:

An increase in the income of a consumer income would have a significant impact on the quantity of goods demanded by him or her such as increasing the demand for automobiles. As a result of the adjustment to a new equilibrium, there is an upward movement along the supply curve

Hola! En este grupo, estare subiendo muchos datos interesantes sobre la sag de peliculas ''Harry Potter''. ''Harry Potter'', Es una saga de peliculas conformadas por:
1.-Harry Potter y la piedra filosofal
2.-Harry Potter y la camara secreta
3.-Harry Potter y el prisionero de askaban
4.-Harry Potter y el caliz de fuego
5.- Harry Potter y la orden del fenix
6.-Harry Potter y el misterio del principe
7.-Harry Potter y las reliquias de la muerte-Parte 1
8.-Harry Potter y las reliquias de la muerte-Parte 2
Siganme! Asi de enteraran de todos los datos que no sabian de Harry Potter (Se recomienda a ver visto todas las peliculas de ''Harry Potter'' para que no te haga spoiler)

Answers

Wizard Man info? Count me in! I'll be sure to give you a follow. ;)

Answer:ghj

Explanation:

Multiple Choice
The majority of environmental assessments result in a finding of no significant impac
False
True

Answers

Answer:

False

The majority of environmental assessments result in a finding of no significant impac is false

What other things do you think are important to consider when funding a business why are they important

Answers

Answer:

the profitability of the business

Explanation:

to enable you to know the ability of the business paying you back

Explain the importance of economic analysis

Answers

Answer:

1. Informs decisions

2. Influences everything

3.Impacts industries

4. Inspires business success

5. International perspective

You want to invest in a riskless project in Sweden. The project has an initial cost of SKr3.86 million and is expected to produce cash inflows of SKr1.76 million a year for three years. The project will be worthless after three years. The expected inflation rate in Sweden is 3.2 percent while it is 2.8 percent in the U.S. A risk-free security is paying 4.1 percent in the U.S. The current spot rate is SKr7.7274. What is the net present value of this project in Swedish krona if the international Fisher effect applies

Answers

Answer:

Skr 978,177

Explanation:

The computation of the net present value is given below:

Given that

Inflation in USA = 2.80%

The Nominal rate in USA = 4.10%

As we know that  

Real rate = Nominal rate - inflation  

Real rate = 4.10% - 2.80%

= 1.3%

Now nominal rate in Sweden should be

= Real rate + Inflation

= 1.3% + 3.20%

= 4.50%

Net present value = initial outlay + Present value (Cash Flow)

NPV(in SKr million) = -3.86 + 1.76 ÷ (1+0.045) + 1.76 ÷ (1+0.045)^2 + 1.76 ÷ (1+0.045)^3

= -3.86 + 4.838177

= 0.978177 million

= Skr 978,177

Tammy is talented at craft but lacks the cash flow management skills required to run a business. She opens a store, Tammy's Craft Corner, with the help of her son David - a business major - who manages the budgets and expenses of the business. David prepares the quarterly budget and maintains a company book for recording all transactions. The company book balance that David regularly updates is the sum of:

Answers

Answer:

who the hell keeps helping novice businesses people open up? - a business major - yeah the last two were too.

Explanation:

Summary? Left over cash?

account question ❓❓❓​

Answers

Answer:

1000

Explanation:

100×100+0-9000

61037t7563

Answer: 90011
17 b+c -=
92

Mike relocated for work and learned that the region in which he planned to buy a home had many old underground mines. In fact, Mike might even need to purchase mine subsidence insurance. What might a home inspector flag for Mike if there are any concerns about undermining

Answers

The issue that a home inspector will flag for Mike, given the concerns about a undermining, is the formation of a sinkhole on the property

The reason for the presence of a sinkhole on the property being raised by the home inspector is as follows;

The location Mike intended to buy a home is one with several underground mines, such that Mike could need mine subsidence insurance

A home inspection is an aid that helps a person intending to but a house make more informed decisions about the home under consideration

The function of an home inspector includes the identification of the issues that could possibly arise and the maintenance to be expected on the property, and therefore, the risks and opportunity in the purchase

Among the potential risk that will raised by a home inspector on the property with underground mines include the possibility of a sinkhole on the property

A sinkhole is a surface depression that results due to dissolution of near surface rocks by water draining into cavities under the soil surface, thereby eroding the rock such limestone, underneath, that develops in a manner which is not readily obvious or predictable

Sinkhole are not covered by most homeowner's insurance policy, making the property a money pit

Therefore, the home inspector might flag the likelihood of a sinkhole on the property

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Which is an example of a demander of U.S. currency? Foreign firms that have sold imported goods in the United States, earned U.S. dollars, and are trying to pay expenses incurred in their home countries Foreign investors who wish to make direct investments in the United States economy U.S. tourists leaving to visit other countries U.S. investors who want to make foreign direct investments in other countries U.S. exporting firms that earned foreign currency and are trying to pay U.S.-based expenses

Answers

Answer:

Foreign investors who wish to make direct investments in the United States economy

Explanation:

A demander of US currency is an individual or person who would need the dollars to carry out transactions

An investor that would want to carry out a FDI would need US dollars to carry out her transaction because the investment would need to be conducted in dollars

Foreign direct investment (FDI) can be described as when a firm or an individual in one country makes an investment in a business interest in another country.

Foreign direct investment usually takes two form :

the investor sets up a business in the foreign country

the investor acquires foreign assets in the foreign country.

An example is when a US firm establishes a new business in another country.

Exercise 1. Why is education the main basis of profession? Write it point-wise. th​

Answers

Explanation:

The aim of education is to make a person intelligent enough to make decisions logically, knowledgeable enough to take up a right career path and skilled enough to be self-supportive. Getting a professional education is important for shaping your career to move towards a right direction.

Which of the following can a grocery store change in the long run?
A. the number of shelves, employees, and parking spaces in the parking lot
B. the type of grocery carts, magazine racks, and produce displays
C. the store location, sign on the storefront, and advertising on the media
D. all of the above

Answers

Answer:

I believe all of the above

Explanation:

went with what came to mind if its wrong very sorry.

A grocery store change, in the long run, is all of the above. Thus the correct option is D.

What is the importance of change?

In order to remain in competition an organization needs to work on bringing change and innovation in the process as well as a product that helps them in  achieving higher revenue by following trends and preferences.

If an organization adopts change frequently it shows its flexibility to cope with the demands of the market in order to meet the level of satisfaction of customers.

A grocery store that is planning to grow may eventually affect the number of shelves, staff, and parking places in the lot which helps in better services to their customers.

The design of the fruit displays, magazine racks, and grocery trolleys as well as the store's location, storefront sign, and media advertising can all help to increase sales and draw in more customers.

Therefore, option D is appropriate.

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Write an equation to represent the following statement.33 is 15 less than k.Solve for k. PLS HELP ME ON THIS QUESTION I WILL MARK YOU AS BRAINLIEST IF YOU KNOW THE ANSWER PLS GIVE ME A STEP BY STEP EXPLANATION!!The students in Shawn's class got to choose whether to visit the zoo or the aquarium. 3 students went to the zoo and 15 students went to the aquarium. What is the ratio of the number of students who went to the zoo to the number of students who did not go to the zoo?A. 1:6B. 1:1C. 1:3D. 1:5 A sample of 375 college students were asked whether they prefer chocolate or vanilla ice cream. 210 of those surveyed said that they prefer vanilla ice cream. Calculate the sample proportion of students who prefer vanilla ice cream. Read and choose the option with the correct verb conjugation to complete the sentence.Hola, Marta. Tu familia ________ en la casa?S. ayudan ayuda ayudamos ayudo Suppose that an additional 350 hours per week can be obtained from the milling machines by working overtime. The incremental cost would be $2.00 per hour. What would be the allowable increase(from the excel sensitivity report) in overtime when compared to additional hours that can be obtained derive an expression for resistivity of conductor of length l and area of cross section A 5 curious facts from Mecca and 5 from the Koran.plssssssssss(? Find the square root of 167281 by division method Look at the image for the question the ages of two students are in the ratio of 3:5,if the older is 40yrs. How old is the younger student Great Green HeistHow does the author reveal the details of the Mid-day PDA define briefly about kilogram You view tea and scones as perfect complements, and you prefer to consumer one cup of tea with one scone. Also, your indifference curves are plotted with tea on the vertical axis. If you presently have two cups of tea and one scone, what this the marginal rate of substitution (MRS) at this point Let V be the volume of the solid obtained by rotating about the y-axis the region bounded y = sqrt(25x) and y = x^2/25. Find V by slicing & find V by cylindrical shells. Which inequality is represented by the graph?Will give branilest What is the appropriate method? 40 POINTS Ill give brainlist On a coordinate plane, a curved line with a minimum value of (negative 2.5, negative 12) and a maximum value of (0, negative 3) crosses the x-axis at (negative 4, 0) and crosses the y-axis at (0, negative 3).Which statement is true about the graphed function?F(x) < 0 over the interval (, 4)F(x) < 0 over the interval (, 3)F(x) > 0 over the interval (, 3)F(x) > 0 over the interval (, 4) Find the area of sector TOP in (O using the given information. Leave youranswer in terms of .13. r = 5 m, m = 90 degrees Describe the effort of translating tringle abc to tringle a'b'c