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
taurus [48]
3 years ago
10

Rodi owns Hallman's auto repair service. He has observed over the years that customers keep their high-mileage cars longer when

the economy is doing poorly, creating demand for his maintenance and repair service. Rodi has observed the impact of ________ on demand for his service.
A. the target return effect
B. cross-price elasticity
C. the price inelasticity ratio
D. break-even points
E. the income effect
Business
2 answers:
leva [86]3 years ago
7 0

Answer:

E. the income effect

Explanation:

Based on the scenario being described within the question it can be said that Rodi has observed the impact of the income effect on demand for his service. This effect describes the change in demand for a specific product or service that has been caused by the change in the consumer's purchasing power due to changes in that same customer's current income.

zimovet [89]3 years ago
5 0

Answer:

the income effect.

Explanation:

The income effect describes a change in demand of goods which is caused by a change in the income. Income effect changes the quantity of good and services purchased by the customers.

There is a reduction in the quantity of goods demanded by customers when their income reduces and an increase in the quantity demanded when they experience an increase in their income.

Rodi the owner of Hallman's auto repair service has observed that customers keep their high-mileage cars longer when the economy is not doing well, thereby creating demand for his maintenance and repair, this is as a result of a decrease in their amount of income.

You might be interested in
Southern Pride Industries would like its Alabama Division to sell 30000 units to its Arkansas Division for a price of $39. The A
mina [271]

Answer:

The minimum transfer price that the Alabama Division should accept is $60 per unit.

Explanation:

The division providing the goods internally often has the opportunity to sell these same goods externally instead and so the minimum they will be willing to charge another division is cost plus their profit margin (i.e. the minimum they would normally charge an external customer).

the minimum price to be charged is :

Variable cost per unit = $24

Fixed Cost per unit = $15

Total Cost per unit = $39 and the profit margin when added makes its selling price to be equal to $60 (i.e. the price which is to be charged from outside customers).

Alabama Division will cover its minimum opportunity cost i.e. its sales price to the external customers which it will charge from Arkansas division .

Minimum transfer price = $60 per unit.

Therefore, The minimum transfer price that the Alabama Division should accept is $60 per unit.

7 0
3 years ago
Which one of the following statements concerning net working capital is correct?
Luda [366]

Answer:

D

Explanation:

Net working assets is current assets less current liabilities

Current assets include cash, cash equivalents and inventory

Examples of current liabilities include accounts payables, short-term debt, accrued expenses, and dividends payable

When inventory is purchased with cash, inventory increases and cash reduces, thus there is no change in net working capital

Net working capital can be negative or positive.

If current assets is greater than current liabilities, it would be positive, if this is not the case, it would be negative.

7 0
2 years ago
In order to sell more goods​ and/or services, what must a monopoly​ do?
Readme [11.4K]
<span>In order to sell more goods​ and/or services, what must a monopoly​ do? Reduce price and increase output. A monopoly is when a company or a product has control in the industry. The supply or trade of this item or service is limited. For a monopoly to sell even more, they should reduce the price and increase their output because they have no competitors. 

</span>
7 0
3 years ago
The amount of a real estate broker's commission is
zvonat [6]

In India, the majority of properties are sold with the help of a real estate broker or agent. When the broker helps a seller and buyer get in touch with each other and both the parties agree to engage in the transaction, then both the parties are required to pay a certain %age of the property value as a fee to the real estate broker. Read below to know about the real estate broker commission rates India:

There are no specific guidelines laid for the commission paid to real estate brokers. In India, real estate agents usually ask the seller and the buyer to pay 1-2% of the deal value as their commission, also known as the real estate brokerage fee.

8 0
2 years ago
Which one of the following is NOT a fiduciary duty required of an agent? Disclosure Care Confidentiality Accounting Obedience Co
-Dominant- [34]

A limited power of attorney fiduciary duty required of an agent Disclosure Care Confidentiality Accounting Obedience Contrition Loyalty.

A fiduciary relationship is a role of belief, and the agent owes the principal the obligation of obedience, loyalty, disclosure, confidentiality, accounting, and reasonable care (old automobile).

Fiduciary duty is defined by means of Black's regulation Dictionary as “an obligation of extreme precise religion, belief, confidence, and candor owed by using a fiduciary (which includes an attorney or corporate officer) to the beneficiary (which includes a lawyer's purchaser or a shareholder); a responsibility to act with the highest degree of honesty and loyalty towards any other .

fiduciary obligation to someone else, the person with the duty must act in a way in order to gain someone else, usually financially. the individual that has a fiduciary duty is known as the fiduciary, and the individual to whom the responsibility is owed is referred to as the predominant or the beneficiary.

Learn more about fiduciary  here:brainly.com/question/17080270

#SPJ4

5 0
1 year ago
Other questions:
  • John worked 43 hours last week. His hourly rate is $9.00. He has the following deductions taken from his pay: Social Security ta
    11·1 answer
  • Dina loves to splurge on clothes. However, when she was shopping the other day, she bought much less than what she usually does
    10·1 answer
  • Suppose that the risk-free rates in the United States and in Japan are 5.25% and 4.5%, respectively. The spot exchange rate betw
    14·1 answer
  • Money makes trading easier by replacing what with transactions involving paper money, coins, and checks.
    8·2 answers
  • Q has a traditional whole life policy with a $10,000 face amount, a $5,000 cash value, and a $4,999 policy loan and loan interes
    7·1 answer
  • Accounting practice in the United States follows the generally accepted accounting principles (GAAP) developed by the Financial
    6·1 answer
  • I’m trying to cancel my membership but I cannot find any cancel option on the menu
    6·1 answer
  • If the required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable deposits are $800 billion, and e
    13·1 answer
  • To be considered an official record the document must be:
    6·1 answer
  • How do owners and workers get income from business​
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!