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zlopas [31]
3 years ago
11

What would happen to the demand curve for movie tickets if the cost of making movies increased sharply? 2. What would happen to

the demand curve for movie tickets if the price of a pay-per-view movie rental increased by $5.00? 3. What would happen to the equilibrium price and the supply curve for loaves of bread if the bakery agreed to give its workers a 10 percent raise in pay?
Business
1 answer:
Romashka [77]3 years ago
3 0

Answer:

Demand curve will drop

Explanation:

Whenever the cost of production increases in optional commodities and services, the demand is likely to drop because such product or services if produces in large quantity may not bring back the cost incurred, and besides such product or services can be substituted for something else. Production is simply affected.

If price increase in the cost of the product or services, demand will could drop if it is a none essential commodity. This is so because price determines production rate and the product or services in question.

As for bread which is an essential commodity, an increase in employees pay will be factored into the price of production and cost increased alongside demand because it is food item and not an optional product and services.

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Jon is considering providing substantial funding to a new startup company called Ampére located in Spain. The company is plannin
Ket [755]

Answer:

c) Sociocultural

Explanation:

The attidudes of Spanish consumers towards autonomous cars are mainly influenced by sociological and cultural factors, in other words, they belong the sociocultural dimension of PESTEL.

Some of these factors may be: opennes to experience, education level of the population, demographic structure, income distribution, prevailing ideas or ideology in the populace, and so on.

These are the factors that Jon should look closely to in order to determine as objectively as possible the consumer attidue towards autonomous cars, so that he can decide whether or not to start this type of business.

4 0
3 years ago
The ratio of a country's exports to its total output (GNP or GDP) Select one: a. is known as the index of openness. b. provides
AlexFokin [52]

Answer:

1. d. All of the above are true.

2. c. GDP refers to production within the nation while GNP refers to production by domestic factors no matter where they are located.

Explanation:

1. The ratio of country's exports to GDP is known as trade-to-GDP ratio or the index of openness. This ratio main objective is to measures the importance of international trade in an economy and its usually remain high for developing countries.

2. The only difference between GDP and GNP is that of net factor income from abroad. While GDP only takes into account production of goods and services within the country's borders; GNP takes into account production of all economy owned identities, no matter where they are located.

5 0
3 years ago
When a firm competes in a relatively small geographically defined specific area, it is using a(n) _______ strategy?
Lady_Fox [76]

The answer to the missing word on the statement above is market focus. When a firm competes in a geographically defined specific are, it is using a market focus. For a business to be market-focused, you have to look outside the company for input and data essential to create strategic and tactical judgements. Market focus means you have to have a great deal of understanding your customers. It also means you have to know your competitors very well, and anticipate their next moves.

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5 0
3 years ago
Midwest Corporation has provided the following data concerning manufacturing overhead for 2020:
SSSSS [86.1K]

Answer:

Estimated manufacturing overhead rate= $18 per direct labor hour

Explanation:

Giving the following information:

Estimated manufacturing overhead for the year $ 37,080

Estimated direct labor hours for the year 2,060

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 37,080/2,060

Estimated manufacturing overhead rate= $18 per direct labor hour

4 0
3 years ago
The following standards for variable manufacturing overhead have been established for a company that makes only one product: Sta
Naddik [55]

Answer:

$11.165 unfavorable

Explanation:

The formula to compute the variable overhead efficiency variance is shown below:

= (Actual direct labor hours - standard direct labor hours) × variable overhead per hour

where,  

Actual direct labor hours is 2,975

And, the standard direct labor hours equal to

= 250 units × 9

= 2,250

Now put these values to the above formula  

So, the value would equal to

= (2,975 - 2,250) × $15.40

= $11.165 unfavorable

6 0
3 years ago
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