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3 years ago

Which best explains how the law of demand affects consumers?

Business

1 answer:

Sergeeva-Olga [200]3 years ago

4 0

The law of demand effects consumer as

It helps consumers tell producers when prices are too high.

Explanation:

The law of demand is a microeconomics concept where it is stated that "conditional on all else being equal, as the price of a good increases, quantity demanded decreases; conversely, as the price of a good decreases, quantity demanded increases".

According to this law thus, it helps costumer to understand which property is high on demand and thus will have high prices and which products having a lower price could be in less demand but it does not really translate to how good the product is.

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Consider the game in extensive form above. In the backward induction solution to this game Player 1 plays strategy and Player 2

Brrunno [24]

Answer:

answer can be seen in the attached file

Explanation:

Consider the game in extensive form above. In the backward induction solution to this game Player 1 plays strategy and Player 2 plays strategy (Please, label Player 1's strategies by A, B, and C, and Player 2's strategies as df, dg, ef, and so forth)

What is Game Theory?

This is a mathematical modelling that deals with the analysis of strategies for dealing with competitive situations where the result of a participant's choice of action depends critically on the actions of other participants. Game theory has been applied to in war, business, and biology, sport.

In Game theory, outcome is dependent on the contributions of competing parties

3 0

3 years ago

Which of the following statements is false?

Paul [167]

Answer:

Explanation:

C. online retailing and in-store retailing experience similar rates of product return.

3 0

3 years ago

Taussig Corp.'s bonds currently sell for $1,150. They have a 6.35% annual coupon rate and a 20-year maturity, but they can be ca

mojhsa [17]

Answer:

4.20%

Explanation:

In this question, we use the Rate formula which is shown in the spreadsheet.

The NPER represents the time period.

Given that,

Present value = $1,150

Future value = $1,067.50

Assuming Par value = $1,000

PMT = 1,000 × 6.35% = $63.50

NPER = 5 years

The formula is shown below:

= Rate(NPER;PMT;-PV;FV;type)

The present value come in negative

So, after solving this, the rate of return is 4.20%

7 0

3 years ago

Cori's Corp. has an equity value of $13,505. Long-term debt is $8,800. Net working capital, other than cash, is $3,620. Fixed as

ruslelena [56]

Answer:

Cash $705

Current Assets $6,195

Explanation:

Equity $13,505

Long-term debt $8,800

Net working capital, other than cash, $3,620.

Fixed assets are $17,980

Current liabilities are $1,870.

Net Working capital is the Net value of Current and Current Liabilities.

We need to calculate current assets with cash first.

As we know

Assets = Equity + Liability

Fixed Assets + Current Assets = Equity + Long Term Liability + Current Liability

$17,980 + Current Assets = $13,505 + $8,800 + $1,870

Current Assets = $24,175 - $17,980 = $6,195

Net Working Capital = Current Assets - Current Liabilities

$3,620 = Current Assets - $1,870

Current Assetsother than cash = $3,620 + $1,870

Current Assets other than cash = $5,490

Cash Value = Total Current Assets - Current Assets other than cash = $6,195 - $5,490 = $705

5 0

3 years ago

Power distance refers to the extent of the gap between

iogann1982 [59]

Answer:

Option "D" is the correct answer to the following question.

Explanation:

Power distance is a type of inter-boundary that is found in different individuals within the same society. Power distance is not found to be appropriately distributed in the society, it is usually the thinking of lower ranks.

The more complexities in a culture, the more the difference between individuals will increase.

But in the modern era, people from different cultures are working together, due to which people of lower rank are also encouraged to move forward.

4 0

3 years ago