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postnew [5]
3 years ago
12

After being introduced to a higher-priced washing machine, the customer expresses a desire to purchase a lower-priced item. when

this happens, the customer is said to have
Business
1 answer:
horrorfan [7]3 years ago
3 0

Based on the scenario above, when this happens, the customer is likely to be engaging or to have a traded down. The trading down is being defined as having the quality of the product to be reduced in means of being able for the price to be suited for its consumers.

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Assume that the hourly price for the services of tarot card readers has risen and sales of these services have also risen. one c
AleksandrR [38]

I guess the correct answer is the demand for tarot card readers has increased.

Assume that the hourly price for the services of tarot card readers has risen and sales of these services have also risen. One can conclude that the demand for tarot card readers has increased.

6 0
4 years ago
c. Unions in developed nations often oppose imports from low-wage countries and advocate trade barriers to protect jobs from wha
liubo4ka [24]

Answer:

The correct answer is II. This argument is in the best interests of the people they represent.

Explanation:

Trade unions in developed countries tend to support trade restrictions, because products made in countries with lower wages are generally cheaper than those made in those developed countries. For example, a pan loaf that costs about 3 dollars in the United States, can cost about 0.75 dollars in Mexico. Therefore, import value, including tariffs, is less than that of national production. This means that, if barriers to trade are not established, many workers lose their jobs due to the fact that national production is terminated due to the possibility of importing said products.

8 0
3 years ago
What is the present value of $12,350 to be received 4 years from today if the discount rate is 5 percent?
Readme [11.4K]

Answer:

The correct answer is $10,160.38

Explanation:

According to the scenario, the given data are as follows:

Future value = $12,350

Number of years (n) = 4 years

Discount rate (r) = 5%

Hence, Present value can be calculated by following formula:

Future value = Present value ( 1 + r )^{n}

$12,350 = Present value ( 1 + 0.05 )^{4}

Present value = \frac{$12,350}{1.05^{4} }

Present value = $10,160.38

Hence, the correct answer is $10.160.38

5 0
3 years ago
Three possibilities are equally likely and have payoffs of $3, $6, and $9. the expected value is:_________
4vir4ik [10]

When three possibilities are equally likely and have payoffs of $3, $6, and $9. Then the expected value will be $6.

<u>What is Expected Value? </u>

Expected value refers to when you play the game it will tell you the probability or winning chance and amount to win.

Hence, in the above questions, there are equally likely possibilities.

So, in this case, the probability for each possibility is 1/3.

We can calculate the expected value (EV) as:

EV=((1/3) x $3) +  ((1/3) x $6) + ((1/3) x $9)

   =1 + 2 + 3

   =$6

Therefore, the expected value will be $6 when three possibilities are equally likely and have payoffs of $3, $6, and $9.

You can learn more about expected value at brainly.com/question/24305645

#SPJ4

4 0
2 years ago
Oil Products Company purchases an oil tanker depot on January 1, 2017, at a cost of $600,000. Oil Products expects to operate th
anzhelika [568]

Answer:

The Journal entries are as follows:

(i) On January 1, 2017

Plant Assets A/c Dr. $600,000

      To cash                                 $600,000

[To record the depot]

(ii) On January 1, 2017

Plant Assets A/c Dr. $41,879

       To To Asset retirement obligation $41,879

[To record the Asset retirement obligation]

Missing information: Based on an effective-interest rate of 6%, the present value of the asset retirement obligation on January 1, 2017, is $41,879.

4 0
4 years ago
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