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2 years ago

consumer advocates, government agencies, and other critics have accused marketing of harming consumers through

1 answer:

5 0

Consumer advocates, government agencies, and other critics have accused marketing of harming consumers through planned obsolescence.

Planned obsolescence is a business strategy in which a product's obsolescence—the process of becoming out-of-date or unusable—is anticipated and built into it from the manufacturer's perspective.

Although the phrase "planned obsolescence" didn't become widely used until the 1950s, consumerist society had already adopted the tactic by then. Planned obsolescence still persists today in many different ways, from subtle to overt.

Planned Obsolescence & End of Life: Bad for the Environment and Your Budget One of those overused corporate strategy terms is "planned obsolescence." It essentially shows how things can be created to be ineffective, outmoded, or obsolete. The buyer will nearly always purchase something new as a result.

Learn more about planned obsolescence here

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The price of a large pizza decreased from $18.00 to $14.00. As a result, the quantity demanded of skateboards increased from 330

natta225 [31]

Answer:

a. The percentage change in pizza prices is -25.00%.

b. The percentage change in pizza prices is 5.88%.

c. The cross elasticity of demand for pizza and skateboards is -23.53%.

We follow these steps to arrive at the answer.

<h3>a. Percentage change in price of pizza</h3>

The percentage change in price of pizza using the midpoint formula is:

$percentage change in price = ({\frac{P_{2} - P_{1}}{Average price})*100$

$Average Price = \frac{P_{2} + P_{1}}{2}$

In this question, P₁ is $18 and P₂ is $14

Substituting the values in the formula above we get,

$Average Price = \frac{14 + 18}{2}$

$Average Price = \frac{32}{2}$

$Average Price = 16$

$percentage change in price = (\frac{14 - 18}{16})* 100$

$percentage change in price = (\frac{-4}{16}) * 100$

$percentage change in price = -25$ %

<h3>b. Percentage change in quantity demanded of skateboards</h3>

The percentage change in quantity of skateboards using the midpoint formula is:

$percentage change in quantity = (\frac{Q_{2} - Q_{1}}{Average Quantity})*100$

In this question, Q₁ is 330 and Q₂ is 350

Substituting the values in the formula above we get,

$Average quantity = \frac{Q_{2} + Q_{1}}{2}$

$Average quantity = \frac{350 + 330}{2}$

$Average quantity = 340$

$percentage change in quantity = (\frac{350 - 330}{340})*100$

$percentage change in quantity = (\frac{20}{340})*100$

$percentage change in quantity = 5.8823529$ %

<h3>c. Cross Elasticity of demand of skateboards and pizza</h3>

We calculate the cross elasticity of demand as follows:

$Cross Elasticity Demand = \frac{percentage change in quantity of skateboards}{percentage change in price of pizza}$

$Cross Elasticity Demand = \frac{0.058823529}{-0.25}$

$Cross Elasticity Demand = -0.235294118$

$Cross Elasticity Demand = -23.53$ %

7 0

3 years ago

Vaughn’s standard quantities for 1 unit of product include 5 pounds of materials and 1.0 labor hours. The standard rates are $4

Lilit [14]

Answer:

$31.00

Explanation:

Calculation to determine what The total standard cost of Vaughn's product is

Using this formula

Total standard cost of product=(Material Standard rate per pound × pounds of material) + (Labor standard rate per hour × labor hours) + (Standard overhead rate x labor hours)

Let plug in the formula

Total standard cost of product=[($4 × 5) + ($5 × 1.0)]+ ($6 × 1.0)

Total standard cost of product=($20+$5)+$6

Total standard cost of product= $25.00 +$6

Total standard cost of product= $31.00

Therefore The total standard cost of Vaughn's product is $31.00

6 0

3 years ago

A landowner in fee simple signed a promissory note for $10,000 to a bank, and secured the note by a mortgage of her land to the

iren [92.7K]

Answer:

D) Both the landowner and the attorney.

Explanation:

The bank will succeed in obtaining a judgement against both the former landowner and the attorney. The bank can sue either of them or both of them, but it can only collect the $5,000 once.

When the attorney assumed the mortgage, he expressly promised to pay it. The lender becomes a third party beneficiary of the attorney's promise to pay and can sue him if the mortgage isn't paid.
The former landowner became secondarily liable to the lender in case the attorney didn't pay.

7 0

4 years ago

Carla Vista Corporation received the following report from its actuary at the end of the year:

Zinaida [17]

Answer:

$1,245,000

Explanation:

The computation of the amount reported as the pension liability is shown below:

= Ending balance of Projected benefit obligation - Fair value of pension plan assets

= $3,760,000 - $2,515,000

= $1,245,000

We simply deduct the fair value from the ending balance of projected benefit obligation that the amount reported could be come

5 0

4 years ago

7. A decrease in supply will result in which of the following?

Inga [223]

Explanation:

C. Both demand and supply change

8 0

2 years ago

Read 2 more answers