1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lerok [7]
3 years ago
6

If Kindle e-readers and Nook e-readers are substitutes, a higher price for Nooks would result in a(n) ______.

Business
1 answer:
lara31 [8.8K]3 years ago
3 0

Answer: a) increase in the demand for Kindles.

Explanation: the substitution effect for substitute goods gives that, if the price of good A rises, the demand for good B rises. Since a substitute good is a good that can be used in place of another, they are goods that a consumer perceives as similar or are comparable, in such a way that having more of one good causes the consumer to desire less of the other good. From the viewpoint of price, and given that consumers always prefer to spend less in instances where two goods are substitutes, it then means that Kindle can be used and preferred in place of Nooks given that the price of Nooks had gone up. Therefore, increasing the price of Nooks causes a corresponding increase in the demand for Kindles.

You might be interested in
How can you actively listen to a customer? A. Play on your telephone. B. Do not perform other tasks while the customer is taking
pishuonlain [190]
The answer would be b
3 0
3 years ago
Assume that the labor market for barbers is competitive and that it is differentiated into two groups:
ehidna [41]

Answer and Explanation:

I will go through each and every option explaining the reasons and what option would be the best:

The (a) part says 'difference in wages will eventually disappear since a haircut is a homogeneous good' - This is not true because even though it is an homogeneous product, some customers do have a strong preference for barbers who are not going bald. Therefore, they know their worth and they would want to capitalize on that and get paid just a bit more than bald barbers.

The (b) part says 'barbershops that hire barbers with hair will be able to charge a higher price for a haircut to those consumers who have a strong preference for barbers with hair'. - If the barbershop charges higher price for barbers that have hair then the customers will prefer bald barbers as the questions mentions that there is high competition and since it is an homogeneous, customers would be willing to save money and get their haircut from some other barber.

The (c) part says 'barbershops that hire bald barbers will always be much more profitable' - Not necessarily. The reason is that some customers have a strong preference for barbers who are not bald and therefore, that would help barbershops who have barbers with hair to be a bit more profitable as some additional customers would want their services.

The (d) part says 'barbershops that hire barbers with hair will always be much more profitable' - This is the best option and the reason for it is because some customers have a strong preference for barbers with hair and that would help the barbershop to earn more. They would have the customers who already indifferent to whoever cuts their hair and in addition to that, they would also have the customers who have their preference.

Hence the answer is D.

4 0
4 years ago
Market culture is controlled and has an internal focus
gtnhenbr [62]

A marketplace culture has a strong external focus and values balance and control whereas a hierarchical culture has an internal focus and values balance and manipulation over flexibility.

<h3>What do you mean by market culture?</h3>

A marketplace culture is a sort of company tradition that emphasizes competitiveness now no longer only among the corporation and its marketplace competition but additionally among employees.

The marketplace version is the maximum competitive and capitalistic of the four common corporate culture models.

Hence, A marketplace culture has a strong external focus and values balance and control whereas a hierarchical culture has an internal focus and values balance and manipulation over flexibility.

Learn more about market culture here:

brainly.com/question/14056208

#SPJ1

3 0
3 years ago
Davita Spencer is a manager at Half Dome Asset Management. She can generate an alpha of 2% a year up to $100 million. After that
Dmitriy789 [7]

Answer:

a.  Zero

b. $200 million

c. $2 million

Explanation:

a. The investor invest regular in portfolio with the positive alpha until the portfolio size has driven alpha to zero.

 

b. Davita return 2% of $100 million = $2 million

1% fee \times X million total under management.

Than, X = $200 million

c. $200 million \times 1% fee given = $2 million

6 0
3 years ago
_____ 2. The Cost of Goods Manufactured represents: A. the amount of cost charged to jobs during the period. B. the amount of co
andre [41]

Answer:

C. the amount of cost placed into production during the period.

Explanation:

The Cost of Goods Manufactured comprehends all direct materials, direct labor, and factory overhead incurred during the period. Adding the beginning work in process inventory and deducting the ending work in process Inventory.

Formula: COGM

  Direct Materials Used  (Beggining Iinventory + Purchases  - Ending Inventory)

+ Direct Labor Used  

+ Manufacturing Overhead

+ Beginning Work in Process (WIP) Inventory

- Ending Work in Process (WIP) Inventory

7 0
3 years ago
Other questions:
  • Marigold corp. completed job no. b14 during 2019. The job cost sheet listed the following:
    10·1 answer
  • The ________ imperative for studying intercultural communication refers to the need to understand differences in a diverse work
    14·1 answer
  • Say you take out a loan with a principal of $44,500. The interest rate is 13.11%, compounded monthly. If you make consistent mon
    7·2 answers
  • An important managerial task in global marketing is learning to recognize the extent to which it is possible to extend marketing
    11·1 answer
  • Precise Electronics Inc. has projected EBIT to be $225,000 for next year. Their tax rate is 21% and there is $`500,000 in equity
    10·1 answer
  • What are three factors that can cause a supply change for phones
    14·1 answer
  • Include general ability to understand alter lead and control the behavior ​
    13·1 answer
  • The producers of a new TV series approached a famous footwear design company in hopes of filming part of an episode in the compa
    7·1 answer
  • Discuss the notion of conservation of risk, the reduction of risk in one area is offset by increased risk in another area. As th
    9·1 answer
  • Perform an online or offline search, and choose a technology firm near your location. You must then call and speak to someone fr
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!