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Reil [10]
3 years ago
5

At a price of $15 each, marta buys 4 books per month. when the price increases to $20, marta buys 3 books per month. luz says th

at marta's demand for books has decreased. is luz correct?
Business
1 answer:
saveliy_v [14]3 years ago
6 0
No, Luz is incorrect. Marta's quantity demanded has decreased, but her demand has stayed <span>the same. It is true that </span>As a price for a product increases, the demand for that product will be most likely to decrease because consumers have to make more sacrifice without any additional income.
But, if you pay attention to the case above, you can see the total value of demand that marta has is still the same, which is $ 60
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Suppose a monopolist produces two different products. If the marginal cost of producing one is lower than the marginal cost of p
soldier1979 [14.2K]

Answer:

perfectly price discriminating.

Explanation:

here are the options to this question :

not maximizing its profit.

imperfectly price discriminating.

not price discriminating.

perfectly price discriminating.

perfect price discrimination also known as first-degree discrimination is when a seller sells his product at the maximum possible price for each unit consumed. Due to the price variance, the seller captures all available consumer surplus.

A monopoly is when there is only one firm operating in an industry.

4 0
3 years ago
Assume the market basket for the consumer price index has two​ products, bread and​ milk, with the following values in 2013 and
Gnesinka [82]

Answer:

b. 116

Explanation:

The calculation of Consumer Price Index is shown below:-

CPI = ((Base year basket quantities × current year price) ÷ (Base year basket quantities × Base year prices)) × 100

= ((50 × $1.50) + (100 × $1.10)) ÷ ((50 × $1.20) + (100 × $1.00)) × 100

= (185 ÷ 160) × 100

= 115.6

0r 116

So, for computing the consumer price index for 2018 we simply applied the above formula.

3 0
3 years ago
Where is poseidon when the gods at council decide to help odysseus to return home?
alekssr [168]
During that time, poseidon was with the Ethiopians
In the story, Ethiopia is described as the farthest limit of the mandkind, and he attend that place because the people of Ethiopian make some offerings to worship him. When he got back from Ethipia, he got really angry because the other Gods has changed their mind on Odysseus


6 0
3 years ago
Characteristics of level production include. Select one or more:
Anna007 [38]

Answer:

Characteristics of level production include:

a. All of these answers are correct.

Explanation:

Production leveling was originated in Japan, and it is called production smoothing too, its strategic plan modifies inventory stock to keep a balanced production level for an specific period, to leveling by volume, or by product. This approach requires careful management of the orders so they can be predicted reasonably and accurately in terms of facility restraints, or to reduce the valueless added section of the production time, and to remove the waste of items in a row, to adapt getting throughput rates.

8 0
3 years ago
The City of Troy collects its annual property taxes late in its fiscal year. Consequently, each year it must finance part of its
Digiron [165]

Answer:

A. $1,460,000

B. General Fund:

Dr Cash $1,460,000

Cr Tax Anticipation Notes Payable $1,460,000

Governmental Activities:

Dr Cash $1,460,000

Cr Tax Anticipation Note Payable $1,460,000

C. General Fund:

Dr Tax Anticipation Note Payable $1,460,000

Dr Expenditures $43,800

Cr Cash $1,503,800

Governmental Activities:

Dr. Tax Anticipation Note Payable $1,460,000

Dr Expenses-General Government $43,800

Cr Cash $1,503,800

Explanation:

A. Calculatation for the estimated amount of tax anticipation financing

Estimated Expenditures Requirements:

Budgeted Expenditure, remainder $2,500,000

Add Current Liabilities Payable $830,000

Total $3,330,000

Estimated Resources Available:

Cash on hand $770,000

Add Collection of budgeted revenues and delinquent property taxes $1,100,000

Total $1,870,000

Estimated Anticipation Note Financing $1,460,000

($3,330,000-$1,870,000)

Therefore the Estimated Anticipation Note Financing is $1,460,000

B. Preparation of the journal entry to record the issuance of the tax anticipation notes in the general journals

General Fund:

Dr Cash $1,460,000

Cr Tax Anticipation Notes Payable $1,460,000

( To record the insuance of tax anticipation note payable)

Governmental Activities:

Dr Cash $1,460,000

Cr Tax Anticipation Note Payable $1,460,000

C. Preparation of the general journals of the General Fund and governmental activities

General Fund:

Dr Tax Anticipation Note Payable $1,460,000

Dr Expenditures $43,800

(1,460,000*6%*6/12)

Cr Cash $1,503,800

(1,460,000+43,800)

Governmental Activities:

Dr. Tax Anticipation Note Payable $1,460,000

Dr Expenses-General Government $43,800

(1,460,000*6%*6/12)

Cr Cash $1,503,800

(1,460,000+43,800)

(Being the payment for tax and interest)

7 0
3 years ago
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