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KatRina [158]
2 years ago
9

The income effect, the substitution effect, and diminishing marginal utility together explain:______.

Business
1 answer:
lorasvet [3.4K]2 years ago
3 0

The income effect, the substitution effect, and diminishing marginal utility together explain the Downsloping Demand Curve.

The Downsloping Demand Curve is explained by each of them. Because marginal utility decreases as more of a thing are consumed, a consumer's demand curve for that product slopes downward.

Income Effect: The change in demand for a good or service brought on by a shift in a consumer's purchasing power as a result of a change in real income is known as the income effect.

Substitution Effect: The substitution impact is the decline in sales of a product brought on by customers switching to less expensive substitutes when the price of the product increases.

Diminishing Marginal Utility: The phenomenon known as diminishing marginal utility describes how each extra unit of gain results in an ever-smaller rise in subjective value.

The income effect, the substitution effect, and diminishing marginal utility together explain the Downsloping Demand Curve.

To learn more about the above topics, visit the following link:

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slava [35]

Ion really get your question

8 0
3 years ago
Consider a bond with the following characteristics. Par: $1,000 Two coupon payments per year (i.e., coupons are paid semi-annual
MAXImum [283]

Answer:

The new price of the bond is $928.94

Explanation:

Initially the bond's price is equal to its par value which means the coupon rate on bond and the market interest rates are the same i.e. 6%.

Th bond's price is calculated as the sum of the present value of the annuity of interest payments by the bond and the present value of the face value of the bond that will be received at maturity. The discount rate used to calculate the present values is the market interest rate.

As the bond is a semiannual bond, we will use the semi annual coupon payment, the semi annual percentage of the annual rate of interest on market and the number of semi annual periods outstanding.

Semi annual coupon payment = 1000 * 0.06 * 6/12 = $30

Number of semiannual periods till maturity = 10 * 2 = 20 periods

New market interest rate = 6 + 1 = 7% annual

New semi annual market interest rate = 7% / 2 = 3.5%

Price of bond =  30 * [ (1 - (1+0.035)^-20) / 0.035 ] + 1000 / (1+0.035)^20

Price of bond = $928.938 rounded off to $928.94

We used the present value of annuity ordinary formula for preset value of interest payments and the normal present value of principal formula for the face value.

5 0
3 years ago
In _____________, you accompany users to observe how they use a product or service in a real-life, day-to-day setting.
yKpoI14uk [10]

In Shadowing, you accompany users to observe how they use a product or service in a real-life, day-to-day setting.

This is further explained below.

<h3>What is Shadowing?</h3>

Generally, On-the-job learning, career growth, and leadership development are the three main focuses of the work shadowing program.

It requires collaborating with another worker, who could be engaged on a different task at the time, might have something to impart, etc.

In conclusion, When you participate in Shadowing, you go along with people to see how they use a product or service in a context that is more realistic and day-to-day.

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In _____________, you accompany users to observe how they use a product or service in a real-life, day-to-day setting.

a. In-depth interviews

b. Shadowing

c. Ethnography

d. Customer profiling

e. Crowdsourcing

f. None of the above

6 0
2 years ago
Mena, a female, and neil, a male, are employees of operational processes corporation. mena regularly e-mails sexually explicit i
Ilia_Sergeevich [38]
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never [62]

Answer:

a Interest paid to partners based on the amount of invested capital.

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A partnership is formed between two parties that agree to go into a venture for mutual gain. The parties share ownership of the business entity and as such are entitled to profit from their equity holdings.

Interest paid based on invested capital is considered a distribution of profit by the business and not an expense. This is similar to sharing profit to shareholders in a company.

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8 0
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