The type of shipping paper used in highway transportation is called a

Please explain what is the difference between a change in demand versus a change in quantity demanded? Why is it so important to

zmey [24]

A change in demand means a shift in a consumer's desire to a particular good or service irrespective of price variations while a change in the quantity demanded explains a change in the amount of goods or services a consumer is willing purchase largely influenced by the demand price. It has become important to differentiate between this terms as they sound alike representing different meanings in economics. Price elasticity of demand influences the choices individual and firms make as it goes to show if the demand for a particular amount of goods will drop sharply or if the demand would remain same even as price increases. A perfect example is currently the issue of protective gears used to forestall the spread of the ravaging Covid-19. The demand for Face masks have increased as both individuals and health care givers need them with the latter requiring them the most. The increased demand has also seen to the increase in price and this does not affect the amount demanded as the price continues to increase following its rise in demand. This explains the inelasticity of demand.

6 0

3 years ago

A profit-maximizing decision must be made about whether to keep a bed & breakfast operating. Until the place sells, the mort

artcher [175]

Answer:

b.it is best to ignore sunk costs and keep the bed & breakfast operating.

Explanation:

The owner of the store will face the mortgage cost wether the bed and breakfast is open or closed therefore it should be ignore in the short-term for the decision wether or not to keep the business open.

The business revenues are 6,000 while their cost 4,000 thie means there is a contribution of 2,000 then we subtract the mortage to get a loss 1,000

If closed the losses will increase to 3,000 asthe mortage expense would not disappear.

We should keep it open and look for ways to either sale or rent the space for a better gain than 2,000

5 0

3 years ago

Fiesta28 [93]

Answer:

BAUM, UNIDO, and DEPSA all refer to types of project development cycles.

A. The BAUM project lifecycle refers to the World Banks' project development cycle as described by Warren Baum.

The BAUM project life cycle features 6 stages namely:

identification of opportunity
preparation for the project
appraisal of the project
negotiations related to the project
implementation and supervision of the project and
ex-post evaluation

B. UNIDO - The UNIDO model features three major stages which are also broken down into various steps.

Pre-investment phase

This phase is further divided into:

A study of the opportunity presented. This has to do with identifying ideas to be invested in.
Pre-feasibility study. This stage involves the formulation, and selection of project alternatives)

Feasibility study. When the project is selected, then it is tested to economic feasibility.
Submission of report on the evaluation

2. Investment phase

This stage is further broken down into:

Project design stage: At this stage, the criteria for success, and key deliverables are spelt out.
Construction stage (For engineering or building projects)
Pre-production marketing stage

Training of staff
Kick-off stage

3. Operational phase

This is also broken down into:

Replacement of equipment due to wear and tear or upgrade to better technologies

Development, invasion or liquidation states.

C. DEPSA stands for "Development Project Studies Authority".

This variant of the Project Lifecycle also consists of three major stages. They are:

Pre-investment phase
Investment and
Operation

The DEPSA stage is very similar to the UNIDO project life cycle. Both are defined according to an Investment Cycle paradigm and that's the reason why you have pre-investment, investment and operations phase for both methodologies.

Whilst the UNIDO model is more 'universal' in that it speaks to a wide range of businesses including engineering projects, DEPSA seems a little skewed towards engineering projects.

This is evident in the terminologies used in the investment phases. With DEPSA you would notice terms like 'detailed engineering design'

'construction', and 'erection'. The UNIDO the investment phase contains engineering terms but also speaks to 'marketing' and 'training'

While the BAUM project lifecycle contains all the basic stages in the DEPSA and UNIDO life cycles, it holds a universal outlook and seems applicable to both business and engineering projects.

Cheers!

5 0

3 years ago

20. The consumer price index was 120 in 2013 and 126 in 2014. The nominal interest rate during this period was 8 percent. What w

Stella [2.4K]

Answer: 3%

Explanation:

To calculate the real interest rate, it should be noted that the inflation rate is needed and this can be calculated using the consumer price index as:

= [(126-120)/120] × 100

= 6/120 × 100

= 5%

Real interest rate will now be:

= Nominal Rate - Inflation Rate

= 8% - 5%

= 3%

5 0

2 years ago

A ___________ is established when an individual confers legal title to property to another person or institution to manage the p

swat32

Answer:

personal trust

Explanation:

3 0

3 years ago