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3 years ago

7

Many new restaurants have opened in collegetown in recent years. given this change in supply, what type of demand would result f

rom a large drop in prices for restaurant meals?

1 answer:

melamori03 [73]3 years ago

6 0

The answer is Inelastic Demand. Hope this helps!!!
Have a great day!!

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A difference in quantity of materials used on two comparable jobs may be caused by a.employee carelessness b.poor quality materi

Elodia [21]

Answer: d.All of these choices are correct.

Explanation:

All the above can result in different quantities of materials being used for comparable jobs.

Employee Carelessness can cause more material to be used if they fail to adequately measure the Requirements of a job. If they are also careless in the usage of the material, there will be wastage and therefore a larger use of materials.

Poor Quality Materials can also result in different quantities being used because for instance, more material could be required to do something that a stronger material could have easily done.

Inadequately trained Employees is a major reason for Material Wastage. If employees are not trained by seasoned people who know how to reduce wastage, that knowledge could take time to come to them. If they were adequately trained however, they can master the tricks on wastage avoidance and limit discrepancies in the amount of materials used per comparable jobs.

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3 years ago

You would like to establish a trust fund to provide $140,000 a year forever for your heirs. The expected rate of return is 5.45

ryzh [129]

Answer:

The amount of money that must be deposited to day to fund this gift is<u> $2,568,807.34</u>.

Explanation:

In order to determine this, we employ the formula for calculating the present value of a perpetuity since the fund is meant to provide $140,000 a year forever.

A perpetuity can be described as payments that is made or received periodically forever or indefinitely.

The formula for calculating the present value of a perpetuity is given as follows:

PV = M / i ............................. (1)

Where;

PV = the amount of money that must be deposited today = ?

M = yearly amount to receive forever = $140,000

i = expected rate of return = 5.45, or 0.0545

Substituting the values into equation (1), we have:

PV = $140,000 / 0.0545

PV = $2,568,807.34

Therefore, the amount of money that must be deposited to day to fund this gift is<u> $2,568,807.34</u>.

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3 years ago

Which of the following is not a part of monitoring control plans? a. Ensuring appropriate communications b. Assessment by manage

fredd [130]

Answer:

d. Monitoring, and observing the work of others

Explanation:

A monitoring control plan is one where the controlling and the monitoring start as the project begins and the work process of the targeting and reviewing and regulating the process in order to meet the performance activities and it's the fourth process of the project management. This process oversees all the tracks and metrics that are needed for the authorized projects as to process with the minimum risks.

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4 years ago

If the financial markets are efficient, then investors should expect their investments in those markets to?

WITCHER [35]

If the financial markets are efficient, then investors should expect their investments in those markets to Market efficiency. The Market efficiency refers to how well current prices reflect all available, relevant information about the underlying assets' actual value. Because any information is useless in a truly efficient market, beating the market is impossible.

If the New York Stock Exchange is a well-functioning market, Company ABC's share price accurately reflects all available information about the Market. As a result, all NYSE participants could predict that Company ABC would release the new product. As a result, the company's stock price remains unchanged.

To learn more about Market, click here.

brainly.com/question/14083500

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2 years ago

You read in a business magazine that computer firms are reaping high profits. With the theory of perfect competition in mind, wh

Maru [420]

Answer:

(a) Go down

(b) Decrease

(c) Increase

Explanation:

a) In a perfect competition (PC) market, all market participants are price-takers. In other words, if a company decides to raise price of its current product, customers can easily switch to another substitute which is offered by another seller in the market. Thus, in a PC market, computer prices over time will go down.

b) Even though computer firms are reaping high profits, in the long-run, however, the profit will decrease because new companies will enter the market and offer customers a similar quality but lower price products. It is due to the nature of a PC market, where there is no barrier to entry.

c) Number of computer firm in the market over time will increase because there are no barriers that hinder the entrance of new computer firms from entering the market.

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3 years ago