The answer that fits the blank provided is the term COMPETITOR-ORIENTED. Since Ursula is showing that she is aware of the pricing of the other stores within the area, this makes her competitor-oriented. If someone is competitor-oriented, he or she constantly assesses his or herself based on the performance of his or her competitors.
Answer:
The correct answer is the last statement.
Explanation:
Actions that are intended to make economic outcomes fairer may cause a reduction in economic efficiency. This is because we have limited resources with alternative uses and we need to use these resources to satisfy our unlimited wants and needs. If we increase spending resources on one use we need to sacrifice its alternative. If we try to achieve equity we need to compromise with efficiency.
Answer:
$272,000
Explanation:
The qualified business income of Robert is $272,000 as the Robert salary of $81,600 is already deducted from the net income .
Answer:
Inelastic between the price of $6 and the price of $8
Explanation:
At price $8, the total expenditure ;
= price * Quantity
=$8 * 13600
=$108,800
At price $6, the total expenditure;
=$6 * 15200
=$91,200
Since the total expenditure is decreasing with a decrease in price then the elasticity of demand will be inelastic.