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Hitman42 [59]
3 years ago
8

A 10 percent increase in income leads to a 15% decrease in the quantity of macaroni and cheese demanded but no change in the pri

ce of macaroni and cheese. From this information, what we can assume ?
Business
1 answer:
AlekseyPX3 years ago
6 0

Answer:

Macaroni and cheese is an inferior good.

Explanation:

From the information given in the question, we can assume that macaroni and cheese are considered as an inferior good for this consumer because there is an inverse relationship between the income level of this consumer and the quantity demanded for macaroni and cheese.

If there is 10% increase in the income of an individual then as a result quantity demanded of macaroni and cheese decreases by 15% and the price of this good remains constant. This shows that macaroni and cheese is an inferior good.

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An investment counselor calls with a hot stock tip. He believes that if the economy remains​ strong, the investment will result
mixer [17]

Answer:

6,000

Explanation:

The expected value from this investment can be calculated by possible values for random variables by multiplying them by their probability

DATA

Strong  = 30,000   , probability = 30%

Moderate = 10,000 , probability = 60%

Weak = -30,000 , probability = 10%

Calculation

Expected profit = Values x Probability

Expected profit = (30,000 x 30%) + (10,000 x 60%) + ( 30,000 x 10%)

Expected profit = 6,000 + 6,000 -6,000

Expected profit = 6,000

7 0
4 years ago
Paolucci Corporation's relevant range of activity is 8,400 units to 17,000 units. When it produces and sells 12,700 units, its a
kati45 [8]

Answer:

The variable cost per unit sold is closest to $14.85

Explanation:

In order to calculate the variable cost per unit sold we would have to use the following formula:

Total variable cost per unit=(Direct materials+Direct labor+Variable manufacturing overheads+Sales commissions+Variable adminsitrative expenses)

Therefore,Total variable cost per unit=$7.10+$4.00+$2.00+$1.25+$0.50

Total variable cost per unit=$14.85

The variable cost per unit sold is closest to $14.85

6 0
3 years ago
alejo knows that the actions that made him successful in the hotel industry may not work in the manufacturing industry. the two
quester [9]

alejo knows that the actions that made him successful in the hotel industry may not work in the manufacturing industry. the two industries have very different environments. contingency theories

Leaders have resorted to the study of organisational behaviour to assist in enhancing the working environment for their workforce in order to make sure that businesses run efficiently. To more accurately predict and control an employee's level of motivation, organisational behaviour studies examine how they behave in the workplace. When using organisational behaviour data, however, there are a number of situational aspects that must be considered. According to the contingency theory, commonly referred to as the situational approach to management theory, situational factors can influence the connections between dependent and independent variables in the workplace, which can then affect employee behaviour, motivation, and effectiveness. The specific contingency theories of the particular organisation must be taken into account if organisational data analysis and employee motivation are to be successful. In accordance with the contingency hypothesis.

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3 0
2 years ago
Wal-Mart was one of the most successful firms of the 1970s and 1980s. Much of Wal-Mart's success can be credited to its expansio
enyata [817]

Answer:

The correct answer is letter "D": Wal-Mart employed a preemptive strategy.

Explanation:

Game Theory is a branch of Economy that studies the decisions in which an individual could succeed if he or she takes into account the decisions of the rest of the participants involved in the event. Game Theory has also been applied for subjects such as <em>Mathematics, Managements, Psychology </em>or <em>even Biology. </em>

In the game theory, the Preemptive Strategy is implemented when individuals take a step before other participants in an attempt of having a favorable outcome of the situation. They lead the event using creativity. Thus, <em>Wal-Mart used the preemptive strategy by opening stores in small towns that supported only one discount store.</em>

8 0
3 years ago
KB Home decided that they were interested in knowing if offering eco-friendly options within their home offerings will generate
EastWind [94]

(A) Casual research would be most appropriate for the given purpose.

<h3>What is casual research?</h3>
  • Causal research is the study of cause-and-effect relationships.
  • To establish causation, the variation in the variable suspected of influencing the difference in another variable must be observed, and the variations from the other variable must be calculated.
<h3>What is descriptive research?</h3>
  • Descriptive research is used to characterize the features of a population or phenomenon under investigation.
  • It does not address how/when/why the qualities developed.
  • Rather, it responds to the "what" inquiry.
<h3>What is exploratory research?</h3>
  • Exploratory research is a methodological approach that investigates previously unstudied research problems.
  • It is frequently utilized when the problem under investigation is novel or the data collection process is difficult in some way.
<h3>Solution -</h3>

As the definition of casual research states, to establish causation, the variation in the variable suspected of influencing the difference in another variable must be observed, and the variations from the other variable must be calculated.

Therefore, (A) casual research would be most appropriate for the given purpose.

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Complete question:

KB Home decided that they were interested in knowing if offering eco-friendly options within their home offerings will generate greater sales than offering eco-friendly options within an options list to add on to their home offerings. Which type of research would be most appropriate for this purpose

(A) Casual research

(B) Exploratory research

(C) Descriptive research

7 0
2 years ago
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