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Nastasia [14]
2 years ago
15

If the demand for movies increases at the same time as the movie industry adopts labor-saving technology for producing movies, t

he equilibrium price for movies will increase, but the effect on the equilibrium quantity of movies is ambiguous.
a. true
b. false
Business
1 answer:
Ber [7]2 years ago
8 0

I believe that the correct answer to this is:

“False”

 

<span>If the price of a certain product or service increase and there are available substitutes to it, then the demand quantity for that product or service will decrease. So in this case, the equilibrium quantity would decrease hence false.</span>

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Van has saved $30 per week to buy a new Blu-Ray player. He compares two different models: a Panaview that is priced at $130 and
creativ13 [48]

Answer:

Money is served three purposes- unit of account, store of value and medium of exchange

Explanation:

In this question, we are to identify the role money plays in each of the following parts of the story.

Money is used to measure the valueof good in money unit, so the values can be compared easily.

In the first case, Van is comparing between value of goods. the money serves as unit of account.

Money is used as medium of echange to avoid the difficulty arising out of goods to goods exchange.

In the second case, Van is exchanging $140 for the DVD, money is serving as medium of exchange.

Money also has store of value, it can be saved and exchanged for goods over time.

In third case, Van is saving money for future exchange, money is serving its store of value function.

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3 years ago
A sound allocation system should: be cheap and easy to administer provide incentives for cost control charge in proportion to am
Simora [160]
The correct answer is d
6 0
3 years ago
Which approach to research is based on observing people in their own homes or​ communities?
BlackZzzverrR [31]

Ethnography is an approach in research, where the subjects are observed in their homes and/or communities.

  • Ethnography is a mode of research that is largely used in the fields of Anthropology and Sociology.
  • It is a method, wherein, the subjects of the study are not enclosed within an artificial environment, or otherwise known as a laboratory.
  • They are studied by being observed in the environment they originate from or belong to.
  • This method is specifically useful, while studying various cultures.
  • It helps control the unwanted effects of being introduced in a new environment, which could alter the behavior of the subjects of the study.

Therefore, it is clear that Ethnography is the approach in research, where the subjects are observed in their homes and/or communities.

Learn more about Ethnography here:

brainly.com/question/25575567

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6 0
1 year ago
the aarp (american association of retired persons) pays to run an advertisement on certain television stations about protecting
Artist 52 [7]

Product and institutional advertising are the two main categories. Institutional advertising focuses on enhancing a company's reputation rather than promoting a specific item. By emphasizing the advantages, product promotion helps the product or service reach its target market.

Which of the 4 types of advertising is this?

  • Display advertising.
  • Videos for marketing.
  • Marketing on mobile devices.
  • Localized advertising.

You can choose from three basic types of digital advertising: display advertising, paid search advertising, and social media advertising.

What are a few instances of direct marketing?

Direct marketing techniques include, among others, emails, online advertisements, flyers, database marketing, sales letters, newspapers, outdoor advertising, phone text messaging, magazine advertisements, coupons, phone calls, postcards, websites, and catalog distribution.

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6 0
1 year ago
A mining company owns two mines, each of which produces three grades (high, medium, and low) of ore. The company has a contract
sashaice [31]

Answer:

They should operate Mine 1 for 1 hour and Mine 2 for 3 hours to meet the contractual obligations and minimize cost.

Explanation:

The formulation of the linear programming is:

Objective function:

C=200M_1+160M_2

Restrictions:

- High-grade ore: 6M_1+2M_2\geq12

- Medium-grade ore: 2M_1+2M_2\geq8

- Low-grade ore: 4M_1+12M_2\geq24

- No negative hours: M_1,M_2\geq0

We start graphing the restrictions in a M1-M2 plane.

In the figure attached, we have the feasible region, where all the restrictions are validated, and the four points of intersection of 2 restrictions.

In one of this four points lies the minimum cost.

Graphically, we can graph the cost function over this feasible region, with different cost levels. When the line cost intersects one of the four points with the lowest level of cost, this is the optimum combination.

(NOTE: it is best to start with a low guessing of the cost and going up until it reaches one point in the feasible region).

The solution is for the point (M1=1, M2=3), with a cost of C=$680.

The cost function graph is attached.

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3 years ago
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