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inn [45]
1 year ago
11

When firms are said to be price takers, it implies that if a firm raises its price,.

Business
1 answer:
Alex73 [517]1 year ago
4 0

Answer:

when films are said to be prize takers in implies that if you raises its price a buyers will go else where

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What type of information system would a chain of theaters use to sell<br><br> tickets?
FinnZ [79.3K]

Answer:

transaction processing system

8 0
2 years ago
Mega Corporation has developed a strategic plan that calls for an emphasis on appealing to a younger demographic. If it decided
aliya0001 [1]

Answer:

Such changes would require an understanding of:

a) intellectual property law

Explanation:

Intellectual property can be defined as non-physical property of the mind or the intellect. They are intangible assets of the intellect that can be protected by law. The law that guides the creation, usage and enforcement of intellectual property rights is know as intellectual property law. They majorly involve inventions of the mind such as; designs and artistic works. The laws were made to provide incentive to the inventors and creators of intellectual property to build creative inventions that benefits the society but also ensuring that they gain profits and acknowledgement for their work.

As enshrined in Article I, Section 8 of the U.S. Constitution, congress is given exclusive authority to grant inventors and creators rights to their inventions. The two major agencies that administer intellectual property laws are; the U.S. Patent and Trademark Office, and the U.S. Copyright Office.

In the context above where Mega Corporation wants to change it's logo and trademark, they need an understanding of intellectual property law since corporate logos and trademarks are subject to intellectual property law.

6 0
3 years ago
On May 3, 2017, Leven Corp. negotiated a short-term loan of $685,000. The loan is due October 1, 2017, and carries a 6.86% inter
Semmy [17]

Answer:

704076 $

Explanation:

Exact statement of the question is:

<em>May 3, 2007, Leven Corp. negotiated a short-term loan of $685,000. The loan is due October 1, 2007, and carries a 6.86% interest rate. Use ordinary interest to calculate the interest. What is the total amount Leven would pay on the maturity date? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)</em>

Solution:

Fro 3rd May to October 1st. 2017 there are 151 days

But 365 days = 1 year

==> 151 days = 151× 1/365 =0.414 years

But we use 1 year as one term

==> 1year = 1T

==>  T = 0.414

R= 6.86

P= 685000

A=?

We use formula for the term:

A= P(1+ \frac{R}{100} )^{T}

Where A= ammount at the end of term

P= Loan amount

R= Rate of interest

T= No. of terms

Putting values in this formula;

==> A= 685000×(1+\frac{6.86}{100}) ^{0.414}

==> A= 685000 × 1.02784938489=704076 $

6 0
3 years ago
Which of the following is an advantage of gathering data with surveys?
algol13
You canknow your data leadint to a better answcer
5 0
3 years ago
Read 2 more answers
Suppose that the prices of good A and good B were to suddenly double. If good A is plotted along the horizontal axis and good B
Zigmanuir [339]

Answer:

The correct answer is option b.

Explanation:

A budget line shows the maximum possible combination of two goods that a consumer can purchase by spending his/her whole income.  

The quantities of those two goods are mentioned on both the axes. If the price of both the products is doubled. The consumer will be able to afford half the quantity than what he was consuming earlier.  

This will cause the budget line to shift to the left. This new budget line will be parallel to the initial one. The slope of the budget line will remain the same.

7 0
3 years ago
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