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3 years ago

When the price of a good rises, consumers buy a smaller quantity because of the effect and the effect?

1 answer:

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When the price of a good rises, consumers buy a smaller quantity because of the substitution effect and the income effect. A change in the relative prices of goods results in change in consumption of that goods and that is denoted as the substitution effect. The change in purchasing power on the other hand which also result in change in consumption is referred to as the income effect.

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Jon was hired as a new manager and worked closely with Christine, a supervisor who had worked for the company for over a decade.

postnew [5]

Answer:

i. The training method was on-the-job training.

ii. Christine's performance error was stereotyping.

Explanation: On-the-job training is a learning process in which a worker is trained on how to perform certain tasks by actually doing those tasks, where an experienced colleague, supervisor or manager will usually serve as the trainer.

Stereotyping is the act for generalizing a particular category of people, it is having an expectation of a person or group of persons that they might behave or act in a certain way.

Christine in the scenario above, has ranked Jon using a stereotype that he is young new to the job, therefore that is the reason why he did not perform well or up to standard.

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2 years ago

A(n) _____ projects the types and amounts of assets a firm will require to carry out its future plans and forecasts the amount o

IRISSAK [1]

Additional funds needed is “extra money needed,” and it refers to other resources that will be needed for the company to expand its operations.

<h3 /><h3>What do you mean by additional fund needed projects?</h3>

Additional funds needed is a way of calculating how much new funding will be needed so that the firm can truly look at whether it will be able to make some extra money and thus be able to achieve a higher level of sales.

Additional funds needed project the types and amounts of assets a firm will require to carry out its future plans and forecast the number of additional funds that will be needed to acquire those assets

Thus, the correct word is Additional funds needed.

Learn more about Additional funds project here:

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2 years ago

Wilson foods corporation leased a commercial food processor on september 30, 2018. the five-year finance lease agreement calls f

ella [17]

Answer:

The journal entry to record the lease would be:

Debit Credit

Asset $3,000,000

Lease Payable $3,000,000

Debit Credit

Lease Payable $195,774

Cash $195,774

Explanation:

To prepare the journal entry to record the lease we would have to calculate the present value of lease payments as follows:

present value of lease payments=$195,774*15.32380=$3,000.000

Therefore, the journal entry to record the lease would be:

Debit Credit

Asset $3,000,000

Lease Payable $3,000,000

Debit Credit

Lease Payable $195,774

Cash $195,774

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3 years ago

An automated turning machine is the current constraint at Jordison Corporation. Three products use this constrained resource. Da

Maru [420]

Answer:A. LN, JQ, RQ

Explanation:

To know the current profitability, we need to determine the contribution margin unit by the minutes on the constraints .

a) For LN

Contribution by unit = Selling price per unit- Variable cost per unit

$ 161.88 -$116.12 = $45.76

Contribution by the minutes = Contribution by unit / Minutes on the constraint

= $45.76/ 2.60 = 17.60

B) For JQ

Contribution by unit = Selling price per unit- Variable cost per unit

$ 350.41 -$279.11 = $71.3

Contribution by the minutes = Contribution by unit / Minutes on the constraint

= $71.3/ 4.60 = 15.50

c) For RQ

Contribution by unit = Selling price per unit- Variable cost per unit

$ 446.71 -$338.71 = $108

Contribution by the minutes = Contribution by unit / Minutes on the constraint

= $108/ 7.50 = 14.40

In order of their current profitability from most profitable to least profitable, We have LN with 17.60, next JQ with 15.50 and the least RQ with 14.40

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3 years ago

Identify each action listed here as a federal, state, or shared power.

Korvikt [17]

Answer:

Appropriate funds for social programs SHARED POWER ⇒ THERE ARE BOTH FEDERAL AND STATE SOCIAL PROGRAMS, AND EACH ONE GATHERS FUNDS FOR THEM

Construct a new highway SHARED POWER ⇒ BOTH STATES AND THE FEDERAL GOVERNMENT CAN BUILD HIGHWAYS

Redesign and print the hundred-dollar bill FEDERAL POWER ⇒ ONLY THE FEDERAL GOVERNMENT CAN PRINT MONEY

Determine the requirements to receive a driver's license STATE POWER ⇒ STATE GOVERNMENTS DETERMINE THE REQUIREMENTS FOR ISSUING DRIVING LICENCES, E.G. AGE

Raise taxes SHARED POWERS ⇒THERE ARE FEDERAL, STATE AND MUNICIPAL TAXES, AND EVERY GOVERNMENT LEVEL DETERMINES THEIR OWN TAX RATES.

Negotiate a trade agreement with the European Union FEDERAL POWERS ⇒ THE COMMERCE CLAUSE ESTABLISHES THAT ONLY CONGRESS CAN REGULATE INTERSTATE COMMERCE. THE EXECUTIVE BRANCH MAY NEGOTIATE A DEAL BUT CONGRESS MUST APPROVE IT.

Explanation:

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2 years ago

When the price of a good rises, consumers buy a smaller quantity because of the ________ effect and the ________ effect?

When the price of a good rises, consumers buy a smaller quantity because of the effect and the effect?