When people estimate their confidence while providing eyewitness testimony?

Determine the effect upon equilibrium price and quantity sold if the following changes occur in a particular market:a. Consumers

gtnhenbr [62]

Answer:

Explanation:

a. Consumer’s income increases and the good is normal. Equilibrium price stays same and quantity will rise

b. The price of a substitute good (in consumption) increases. Equilibrium price stays same and quantity sold will rise

c. The price of a substitute good (in production) increases. Equilibrium price stays same and quantity sold will rise

d. The price of a complement good (in consumption) increases. Equilibrium price rises and quantity sold will decline.

e. The price of inputs used to produce the good increases. Equilibrium price rises and quantity sold will decline.

f. Consumers expect that the price of the good will increase in the near future. Equilibrium price rises and quantity sold will also rise.

g. It is widely publicized that consumption of the good is hazardous to health. Equilibrium price declines and quantity sold will also decline.

h. Cost reducing technological change takes place in the industry. Equilibrium price declines and quantity sold will rise.

For each of the pair of events indicated below, perform qualitative analysis to predict the direction of change in either the equilibrium price or equilibrium quantity. Explain why the change is indeterminate.

a. Both a and h conditions occur simultaneously. This will raise the equilibrium since good is now cheaper to produce and consumer has more income to purchase it however effect on price will be dubious.

b. Both d and e conditions occur simultaneously. Equilibrium price rises and quantity will decline.

c. Both d and h conditions occur simultaneously. Dubious effect increase in price of complementary good and reduction in cost due to latest technology will offset each other’s effect and equilibrium will not change if the magnitude of both effects is the same

d. Both f and c conditions occur simultaneously Equilibrium price rises and Equilibrium quantity will also rise.

3 0

3 years ago

Suppose your New Year resolution is to get back in shape. You are considering various ways of doing this: you can sign up for a

Law Incorporation [45]

Answer:

The answer is: I would do a cost benefit analysis to try to determine which option is the best.

Explanation:

In a cost-benefit analysis you examine the pros and cons of taking an action. You estimate all the costs involved in taking that action and all the possible benefits (or profits) that you will receive by taking that action.

A company will usually perform cost benefit analysis to try to decide which investments to make. For instance, I have $1 million to invest in different projects, my cost benefit analysis should tell me in which projects I should invest that return the largest profit.

If you are trying to decide how can you lose weight more efficiently, you would first estimate the costs of each activity. How much time you are going to spend? How much you have to pay or are they free?

Then you also estimate what benefits you might get form doing each activity. How much weight can I lose by doing each one? Can I save money by doing them? Will I enjoy doing it?

After you have estimated all possible outcomes, you will be able to decide which, if any, activity or activities you should do to lose some weight.

3 0

3 years ago

Of the following, which does NOT represent an example of a traditional workplace document?

stira [4]

A . an evite which is more for social advents and not work .

4 0

3 years ago

Some organizations have the project sponsor complete a ____________ form to close a project or phase.

Harrizon [31]

Some organizations have the project sponsor complete project completion/ Client acceptance form to close a project or phase.

The Client Acceptance form means add up of the delivered solution, it confirms what deliverables has been yielded to the client and that the client has accepted those deliverables.

A project acceptance form is a document that, when implemented, means formal, written approval of the complete project. It accepts that all project requirements have been achieved and that all deliverables are completed.

An Acceptance Form assists to gain approval from the customer that the production done is according to the needs of the customer. An Acceptance Form includes all of the Acceptance Criteria for attaining the approval of the customer.

To learn more about project completion/ Client acceptance form here

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8 0

1 year ago

The new technological capability that allows employees to work from locations other than their office and log into their company

qwelly [4]

Answer:

True

Explanation:

Telecommuting is described as the ability to work remotely. Telecommuting means having to work from anywhere other than the conventional office as long as there is a computer with an internet connection.

Telecommuting is being widely embraced by various companies in different fields such as tech etc. There are advantages as well as disadvantages to telecommuting. Some of the advantages include less stress for the employee, increased savings for both the employee and the employer, increased productivity in most cases etc. Disadvantages include distractions, less social interactions with humans etc.

The recent outbreak of the COVID-19 has seen more companies embrace the remote option as it keeps their employees safe from the deadly virus as a result of reduced body contact with potential carriers.

Without a doubt, telecommuting is the future.

4 0

3 years ago