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Art [367]
3 years ago
7

(a) if the price increases from $4 to $8, by how much does the quantity demanded decline?

Business
1 answer:
Mandarinka [93]3 years ago
4 0
If the price increases from $4 to $8 or doubles then demand will probably fall off accordingly by 50% to compensate for the big increase, unless of course the demanded amount is an absolute necessity and keeping in mind that for a self-employed person a higher cost of an item can be charged as a business expense and help reduce income at tax time and also having the right materials and equipment right away can increase revenue as well which can also help to offset the cost.
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Classify the total costs of each of the following as variable, fixed, mixed, or step.a. Straight-line depreciation on a building
Alika [10]

Answer:

The answer is:

A - Fixed Cost

B - Mixed Cost

C - Mixed Cost

D - Variable Cost

E - Variable Cost

F - Variable Cost

G - Mixed Cost

H - Fixed Cost

I - Variable Cost

J - Mixed cost

Explanation:

First let's define the terms:.

Fixed cost is a cost that wont change with varying output. Whether an output increases or decreases, it doesn't change.

Variable cost is a cost that changes with output. If output increases, variable cost increases and vice-versa

Mixed cost is also known as semi-variable cost. It has a combination of both fixed and variable costs

A - Fixed Cost

B - Mixed Cost

C - Mixed Cost

D - Variable Cost

E - Variable Cost

F - Variable Cost

G - Mixed Cost

H - Fixed Cost

I - Variable Cost

J - Mixed cost

5 0
3 years ago
How do purchase returns and allowances and purchase discounts affect gross purchases?
Sergeu [11.5K]

Answer:

B. Both are subtracted from purchases.

7 0
3 years ago
Deposits of commercial banks at the Federal Reserve are called ________. A) bankers' acceptances B) time deposits C) repurchase
nikitadnepr [17]

Answer:

D) Federal Funds

Explanation:

Commercial banks are required to maintain reserves with their regional federal banks. For this requirement they have to make regular timely deposits with federal bank.

These deposits constitute federal funds. The Fed utilizes these funds to regulate markets and meet the demand of other market borrowers. Reserve creation with Fed requirements are determined as per the amount of customer deposits each commercial bank gets.

Customers deposit their funds with commercial banks, a proportion of which is deposited by such banks with Federal reserve to meet their reserve requirements.

5 0
4 years ago
Jasper is a self-employed businessman. on march 5, 2015 he purchases a personal computer for use at his home. he uses the comput
g100num [7]
Jasper could most certainly claim depreciation on the computer that is, 50% of it plus 50% of the purchase price and I know because I am self-employed too and I know that legitimate office expenses like a new printer, printer paper etc can be claimed according to the amount used for the business.
7 0
3 years ago
In Da Houz is a bar which mostly plays trance music, and has a dedicated day every week for local bands to perform. In Da Houz t
Dmitry_Shevchenko [17]

Answer:

Direct marketing            

Explanation:

In simple words, Direct marketing relates to the means of selling an deal, where companies specifically interact with a pre-selected client and provide a mechanism for veiled reference. It has also been recognized as direct reaction marketing amongst practitioners.

The least likely to be successful is indeed a direct marketing message that is sent to the largest possible public. After all, while simply irritating several other beneficiaries, the business can gain few more consumers.

5 0
3 years ago
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