1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
guapka [62]
3 years ago
6

After major hurricanes like Katrina, many ethical home repair and building supply businesses continue to charge pre-hurricane pr

ices to their customers, even though due to the huge increase in demand they could charge much more. These firms probably recognize that______________.
Business
1 answer:
cricket20 [7]3 years ago
8 0

Answer:

Demand for home repair and building supply is INCOME ELASTIC

Explanation:

One reason why many ethical home repair and building supply businesses continue to charge pre-hurricane prices to their customers, even though due to the huge increase in demand they could charge much more. These firms probably recognize that demand for home repair and building supply is INCOME ELASTIC.

Although there was no direct fall in income however the loss of property means a negative impact on already earned income. Hence charging higher prices because of higher demand will be a misunderstanding of the income elasticity of demand.

You might be interested in
Will give brainliest for only one question please help
Sergio039 [100]
The answer is (4,2) if you rotate it 180° over the origin cuz the origin is (0,0)
5 0
3 years ago
The annual depreciation taken on a vehicle totals $4,400. The vehicle has been in service for three full years and the adjusting
KonstantinChe [14]

Answer:

Depreciation expense =  $4,400

Accumulated depreciation = $13,200

Explanation:

Depreciation: The depreciation is the amount which decreases the value of the asset. It can be by obsolescence, usage, tear and wear, etc.

The annual depreciation is given i.e. $4,400 which will be charged in depreciation expense whereas the accumulated depreciation would be equal to

=  Annual Depreciation × useful life

= $4,400 × 3

= $13,200

5 0
3 years ago
For each hypothetical scenario, indicate whether the tariff described is more likely a protective tariff or a revenue tariff.
LenaWriter [7]

Answer:

a. In response to concerns from business leaders, a legislator has designed a new tariff on raw materials used by many manufacturing firms. The legislator felt the new tariff was necessary based on input from the private sector that new discoveries of natural resources abroad would threaten to put domestic producers of raw materials out of business. To meet this goal, this tariff will charge $1,500 on every crate of the imported goods plus an additional 6% of the total value of the imported goods.

  • protective tariff since it is designed to protect domestic industries from competition of out of state producers. It is designed to increase the price of imported goods.  

b. In an effort to balance next year's budget, a senator has proposed a new tariff. She proposed the new tariff with a goal of raising a total of $100 million, To meet this goal, this tariff will charge $2,000 on every ton that is imported.

  • revenue tariff since its main purpose is to increase government revenue, not to protect domestic industries.
7 0
3 years ago
How would inflation impact on a start up business?
Mariana [72]

Answer:

Let's say that the value of the US dollar goes down due to inflation.

A startup business would have to pay more money to it's employees, spend more money on products, try and charge the same prices, and lose a lot of money. Essentially, more money would be going out than coming in.

5 0
3 years ago
Kenneth Company uses activity-based costing. It budgets $1,650,000 of overhead cost to sustainably dispose of 6,600 tons of haza
Shkiper50 [21]

The cost of hazardous waste disposal as part of Job 125 using activity-based costs is $2,500.

<em>$1,650,000 / 6,600 tons = $250/tonHazardous waste disposal = 10 tons × $250 per ton = $2,500</em>

<em />

<em />

A company is a prison entity shaped by means of a group of individuals to engage in and function as a commercial enterprise—business or business—organization.

A company may be organized in various ways for tax and monetary legal responsibility functions depending on the company law of its jurisdiction.

There are 3 not unusual varieties of companies—sole proprietorship, partnership, and business enterprise—and each comes with its very own set of blessings and downsides.

Learn more about the company here:-brainly.com/question/24448358

#SPJ4

<em />

<em />

<em />

<em />

<em />

<em />

5 0
1 year ago
Other questions:
  • Which option will send a response to everyone who received the original message?
    10·1 answer
  • Net capital outflow equals a. the value of foreign assets purchased by domestic residents - the value of domestic assets purchas
    7·1 answer
  • Marlow Company purchased a point of sale system on January 1 for $6,300. This system has a useful life of 10 years and a salvage
    12·1 answer
  • Ruiz Co.’s budget includes the following credit sales for the current year: September, $165,000; October, $156,000; November, $1
    8·1 answer
  • A 10-year maturity, 6.5% coupon bond paying coupons semiannually is callable in five years at a call price of $1,010. The bond c
    6·2 answers
  • I really need help with this weustion :_:
    5·2 answers
  • THIS IS A RANDOM QUESTION can someone spill some tea bc im bored
    15·2 answers
  • If you cut your prices by 10 percent and total revenues rise, the price elasticity of demand is
    8·1 answer
  • Which of the following do not qualify as potential driving forces capable of inducing fundamental changes in industry and compet
    5·1 answer
  • Every month, Olivia receives a bill in the mail from her mortgage company. By the first of each month, she must send back her pa
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!