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Lubov Fominskaja [6]
4 years ago
12

Which of the following examples demonstrates the law of demand?A) Mary buys fewer Milky Ways at $0.80 per Milky Way after the pr

ice of Snickers falls to $0.70 per Snicker.B) After Mark got a raise at work, he bought more cookies at $2.50 per cookie than he did before his raise.C) Kelvin buys more donuts at $0.80 per donut than at $0.95 per donut, other things equal.D) Amy buys fewer muffins at $2.00 per muffin than at $3.50 per muffin, other things equal.
Business
1 answer:
777dan777 [17]4 years ago
4 0

Answer:

The correct answer is letter "C": Kelvin buys more donuts at $0.80 per donut than at $0.95 per donut, other things equal.

Explanation:

The demand law states that if the price of a good or service decreases, the quantity demanded for that good or service will increase. On the other hand, if the price of a god or service increases, the quantity demanded will decrease. The price-quantity demanded of the demand law is inversely proportional, <em>ceteris paribus</em>.

Thus, Kelvin's case is an example of the demand law since he purchases more donuts when the price is lower ($0.80) and purchases fewer donuts when the price is higher ($0.95).

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A team has prepared and estimate for what it can get accomplished in a Sprint. The Product Owner has wanted more to get accompli
Dmitry_Shevchenko [17]

Answer: ScrumMaster should ask the Product Owner which other User Story they would like to give up in exchange for the one they want to add for this upcoming Sprint.

Explanation:

The options to the question are:

a. ScrumMaster should replan the Product Backlog and propose better user stories to address in the Sprint.

b. ScrumMaster should ask the Product Owner which other User Story they would like to give up in exchange for the one they want to add for this upcoming Sprint.

c. Stay out of the way as this is not the ScrumMaster's job to resolve.

d. ScrumMaster should ask the team to take the story on and work overtime.

From the question, we are informed that a team has prepared an estimate for what it can get accomplished in a Sprint and that the Product Owner has wanted more to get accomplished in the upcoming Sprint and therefore wants the team to take on an additional user story.

The best way to tackle this conflict is for the ScrumMaster should ask the Product Owner which other User Story they would like to give up in exchange for the one they want to add for this upcoming Sprint. Since an estimate has already been prepared, taking an additional user story will bring about an overestimation. Therefore, to being the right track, the thing to do is to actually give up a user story for the new one to be added.

4 0
3 years ago
On December 31, Hawkin's records show the following accounts. Equipment $ 3,000 Cash 2,400 Rent Expense 1,500 Accounts Receivabl
tino4ka555 [31]

Answer:

$5,800

Explanation:

Calculation to prepare a December income statement for Hawkin.

INCOME STATEMENT

Revenues:

Services revenue $16,000

Expenses:

Rent expense $1500

Wages expense $8000

Utilities expense $700

Total expenses $10200

Net income $5800

($16,000-$10,200)

Therefore December income statement for Hawkin is $5,800

8 0
3 years ago
A go-between who receives stolen goods for resale is called a
hoa [83]
It is known as a fence
5 0
3 years ago
The owners equity in a business amounted to $56,000 at the beginning of the year and $100,000 at the end of the year. the owner
natta225 [31]
Net income = revenue - expenses.

The revenue was $100,000 + $19,000 = $119,000
Expenses was $56,000

$119,000 - $56,000 = $63,000 


The net income is $63,000.
4 0
3 years ago
__________ provides a snapshot of the financial condition of the firm at a particular time. Multiple Choice The balance sheet Th
RoseWind [281]

Answer:

The balance sheet

Explanation:

In a balance sheet, one can see the information on the assets of the company, their liabilities and the equity brought by the shareholders at any particular point in time.

In some cases, it can be referred to as statement of net worth because one can be able to see what the company owns and owes and how the assets are financed either as equity or debt.

5 0
3 years ago
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