1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sergij07 [2.7K]
3 years ago
12

n 2013, the price of gas was $3.60 per gallon, and in 2016, the price of gas was $2.05 per gallon. Since one would be spending l

ess on gas in 2016 than in 2013, one would have more to spend on other goods and services. All else the same, this is an example of the ________ effect.
Business
1 answer:
devlian [24]3 years ago
7 0

Answer:

Oil price

Explanation:

THe oil price effect states that when the oil price rises, most of the products that need oil to be produced or transported also will rise, and when oil price decreases most of the same products should also lower their prices, in this case gas is the one of the most related products to oil, since it is the main product of oil, and a decrease in the cost of oil will result in a direct decrease in the price of gas.

You might be interested in
Down and Out Co. operates an executive placement service for corporate executives displaced by corporate restructuring. Its mont
lbvjy [14]

Answer:

The average cost at a caseload of 25 attempted placements per month is 105.

Explanation:

The total cost function given in the question first correctly stated as follows:

TC = 25Q^1/2 + 2,500 ................ (1)

A caseload of 25 attempted placements implies that:

Q = 25

Substitute Q = 25 into equation (1), we have:

TC = (25 * 25^(1/2)) + 2,500 = 2,625

The average cost (AC) can now be calculated as follows:

AC = TC / Q = 2,625 / 25 = 105

Therefore, the average cost at a caseload of 25 attempted placements per month is 105.

5 0
3 years ago
What is the definition of excellent customer service?
stiks02 [169]
Good customer service means having thorough  knowledge and having a positive attitude.
7 0
3 years ago
Ruben Company purchased $100,000 of Evans Company bonds at 100 plus $1,500 in accrued interest. The bond interest rate is 8% and
Damm [24]

Answer:

c. debit Investment-Evans Company Bonds, $100,000, and Interest Receivable $1,500; credit Cash $101,500

Explanation:

c. debit Investment-Evans Company Bonds, $100,000, and Interest Receivable $1,500; credit Cash $101,500

The interest is due on bonds of $ 100,00 so it is added to the total amount.

The other choices are incorrect as A does not account for interest due.

B does not indicate the amount of interest separately. D is wrong as interest is again deducted from the total of bonds also they are credited it is receivable not payable

3 0
3 years ago
Which of the following is an example of competing on quick response?A) A firm produces its product with less raw material waste
finlep [7]

Answer:

C) A firm's products are introduced into the market faster than its competitors' products.

Explanation:

Quick response refers to shorten the delivery time of products and services to meet  the need of customers at the right moment. This is a way to survive the competition and increase the customer satisfaction. According to this, an example of competing on quick response wil be that a firm's products are introduced into the market faster than its competitors' products as the firm will be having a better delivery time than the competition which will allow it to put the goods first in the market which will give it an advantage by being first.

4 0
3 years ago
Marta is interviewing candidates for a position in the Human Resources department at her company. She is deciding who to intervi
zhuklara [117]
The best option among the choices provided that has a significantly higher possibility of being hired in a position at Human Resources would be <span>Michelle, who studied psychology and physiology." It would be a great advantage of Michelle to settle on the job since she already has an adequate understanding of people's emotions.</span>
4 0
3 years ago
Read 2 more answers
Other questions:
  • At​ UPS, business was strong but profits were​ down, leading managers to look for ways to increase profits from existing operati
    10·1 answer
  • Puckett products is planning for $5 million in capital expenditures next year. puckett’s target capital structure consists of 60
    12·1 answer
  • Why would you need an EPLS and where do you find one?
    7·1 answer
  • Domestic telecommunication companies in the United States are struggling due to foreign competition. How can the US government h
    14·1 answer
  • Marketers use persuasive communications and product distribution in an effort to make sure its market is _______.
    8·1 answer
  • The following monthly data are available for Crane Company. which produces only one product: Selling price per unit, $38; Unit v
    7·1 answer
  • During its first year of operations, Mack's Plumbing Supply Co. had sales of $3,250,000, wrote off $27,800 of accounts as uncoll
    10·1 answer
  • 4.
    6·1 answer
  • Locomotive Corporation is planning to repurchase part of its common stock by issuing corporate debt. As a result, the firm’s deb
    14·1 answer
  • If the earnings per share of a company is $3.85 and the earnings yield is 2.5%, what is the price per sharE
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!