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Aleks [24]
3 years ago
5

​As the income of bus riders increased, the wages of bus drivers increased simultaneously. How does this affect the market for b

us rides (inferior good)?
Business
1 answer:
kondor19780726 [428]3 years ago
6 0

Answer:

The demand curve and supply curve will shift leftwards.

Explanation:

The increase in the income of riders will decrease the number of bus rides because there is an inverse relationship between income and inferior goods. Therefore, the demand curve for bus rides will shift leftwards. Moreover, the increase in wages is an input cost, therefore, the rise in input cost will shift the supply curve leftwards.

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Disadvantages of opening a new store location
Ksenya-84 [330]
You might struggle through delayed profitability where the market maynot already be established , it might take a long time to come profitable 
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3 years ago
An automotive company was looking to expand internationally and selected three possible countries in which to build a factory. A
Anon25 [30]

Answer:

The automotive company has run into bribery and corruption, one of the most common ethical challenges businesses faced today as they expand internationally.

Explanation:

As with the given scenario above, this company had three potential countries in which to expand their business of building a factory. These countries asked for an amount of extra kickbacks in exchange for helping the company run their business with ease.

However, in the business world, <em>kickbacks</em> are considered an illegal form of payment (or bribe) that one may gave as a compensation to an individual or organization with a considerable superiority and great influence in exchange for an improper advantageous treatment or service.

Such misappropriation of money violates the state or federal laws, which makes it a form of corruption.

Now, the automotive company from the given scenario had faced a dilemma whether to accept the bribe or not. It's a challenge for them as their decision might positively or negatively affect their business expansion.

7 0
3 years ago
An insured stops making payments on a loan taken from his cash value policy. What will most likely happen
Mariana [72]

When an insured stops making the payments on the loan taken his cash value policy will terminate when the loan amount with interest equals or exceeds the cash value

Explanation:

Cash value policy are the type of saving policy and they provide the life time coverage of the policy holders most cash values have high premiums than the insurance

It requires a fixed level premium payment and the from that amount the money is allocated for different reasons according to the wish of the policy holder and the remaining amount is deposited as the cash value amount

8 0
2 years ago
The formula for the production budget is budgeted sales in units plus desired ending merchandise inventory less beginning mercha
Deffense [45]

Answer:

desired ending finished goods units less beginning finished goods units.

Explanation:

production budget can be regarded as budget that gives the calculation of the number of units of particular products which is needed to be manufactured, this is comprises the sales forecast as well as amount of finished goods inventory that is planned to have on hand.

It should be noted that the formula for the production budget is desired ending finished goods units less beginning finished goods units..

7 0
2 years ago
Q2. Management is equally important to run a political organisation as it is to run an
Alex787 [66]

Answer:

Q2. B

Because a management is basically Base of separation of powers where all organs get work to do

Q3. A

Q4. B

8 0
3 years ago
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