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aivan3 [116]
4 years ago
13

How do changes in consumer income and tastes affect movement of the demand curve?

Business
1 answer:
dezoksy [38]4 years ago
4 0

Answer:

Explanation:

An outward shift in demand will occur if income increases, in the case of a normal good; however, for an inferior good, the demand curve will shift inward noting that the consumer only purchases the good as a result of an income constraint on the purchase of a preferred good.

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Disadvantage of snob appeal​
Natasha2012 [34]

Answer:

The purpose of snob appeal is to persuade a consumer to purchase a product or service by convincing him or her that the purchase will elevate their status. By appealing to individuals' desires to be among the elite, advertisers attempt to sell their products.

For example, some different ads that illustrate snob appeal include the following:

Cigarette ads with big and tough guys smoking cigarettes makes it seem that the consumer, too, could be among the elite hearty men who smoke cigarettes.

Commercials that show men drinking a certain brand of beer attracting all of the beautiful women in a bar gives the underlying message that drinking that beer will make the consumer more attractive to women.

A food commercial that highlights parents who are "Number One" that purchase a certain food product implies that the consumer will also be a top notch parent if he or she purchases the product.

A perfume advertisement that features a woman dressed in fancy clothes and very expensive jewelry appeals to the "inner snob" by implying that a woman who wears that perfume will be equally as exquisite in appearance.

A commercial for cat food that shows a cat eating a certain brand of food in a posh house with a fancy pet dish makes the consumer feel she is treating her cat the best she possibly can by purchasing that food.

A military slogan that says, "Do you have what it takes?" is appealing to snob appeal by trying to recruit members implying that they are an elite group that has characteristics that others do not possess.

When a company is attempting to sell its services over competitors' services and states "You don't want to deal with those OTHER companies…" it is attempting to elevate its own image to be more appealing as an elite company.

A wireless phone company shows commercials of people waiting in lines to get their phones and the images of those who have the phones are of well-dressed and popular people. The phone company is making it seem extremely desirable to be a part of the group of people who are elite enough to own that phone.

A linen company features their products in an advertisement in a posh and fancy home implying that those who purchase their linens are amongst the elite.

Featuring a popular celebrity in a commercial in which she states she would never use another brand makes the product seem more appealing to the consumer.

A commercial for big screen televisions shows a large group of people watching the Superbowl and having fun, stating that "everyone will want to be at your house" implies that the purchase of the television will make the consumer popular and part of an elite group.

Explanation:

6 0
2 years ago
Toys Unlimited has the following cost data available. Direct Materials are $99 per unit. Direct Labor is $55 per unit. Variable
r-ruslan [8.4K]

Answer:

c. $229

Explanation:

To compute the total absorption cost per unit we do the following,

Absorption of fixed costs = Fixed costs / units produced

Absorption cost = 200,000 / 4000 = $50/unit

Total cost of each individual unit = 99 + 55 + 25 + 50 = $229

This includes direct material, direct labor, manufacturing overhead and the fixed absorption cost.

With absorption costing we take all the goods produced in a period as denominator for the Fixed costs.

Hope that helps.

5 0
4 years ago
Empathy is challenging for many because it doesn’t ____ But It does___
Kisachek [45]

Answer:

Empathy is challenging for many because it doesn’t make immediate impact. But It does have a deep impact in the long run because when the empathized persons feel our demonstration, they will become a trusted ally in life and work.

Explanation:

6 0
3 years ago
A main difference between the tablet and the smartphone is the
8090 [49]
Hey there,
Tablets have bigger screens than smartphones 

Hope this helps :))

<em>~Top♥</em>
4 0
3 years ago
On January 1, Year 1, Dunn Brothers, Inc., purchased a new smartphone case making machine at a cost of $80,000. The estimated re
Gala2k [10]

Answer:

Depreciation expense under:

  • the Straight-line method for Years 1 to 4 is $71,000.
  • the Units-of-production method for Years 1 to 4 is $71,000.
  • the Double-declining-balance method is $75,000.

Explanation:

Under straight-line method, depreciation expense is (cost - residual value) / No of years = ($80,000 - $9,000) / 4 years = $17,750 yearly depreciation expense.

Depreciation expense for Years 1 to 4 is $17,750 x 4 years $71,000.

The unit-of-production method is used when the asset value closely relates to the units of output it is able to produce. It is expressed with the formula below:

(Original Cost - Salvage value) / Estimated production capacity x Units/year

At Year 1, depreciation expense (DE) is: ($80,000 - $9,000) / 710,000 units x 213,000 units = $21,300

At Year 2, DE = $71,000 / 710,000 units x 156,200 units = $15,620

At Year 3, DE = $71,000 / 710,000 units x 195,250 units = $19,525

At Year 4, DE = $71,000 / 710,000 units x 145,550 units = $14,555

Note that this depreciation method results in higher depreciation charge when the asset is heavily used, at this time, it was in Year 1, followed by Year 2.  

Depreciation expense for Years 1 to 4, under this method, is $71,000 (addition of all the yearly depreciation).

The double-declining method is otherwise known as the reducing balance method and is given by the formula below:

Double declining method = 2 X SLDP X BV

SLDP = straight-line depreciation percentage

BV = Book value

SLDP is 100%/4years = 25%, then 25% multiplied by 2 to give 50%

At Year 1, 50% X $80,000 = $40,000

At Year 2, 50% X $40,000 ($80,000 - $40,000) = $20,000

At Year 3, 50% X $20,000 ($40,000 - $20,000) = $10,000

At Year 4, 50% X $10,000 ($20,000 - $10,000) = $5,000 (the depreciation expense would stop at this stage since the amount falls below the residual value).

Depreciation expense for Years 1 to 4, under this method, is $75,000 (addition of all the yearly depreciation).

5 0
3 years ago
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