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labwork [276]
3 years ago
5

The Coffee Express company is located in a business district with few customers on the weekend. To attract customers on Saturday

and Sundays, it reduces its prices on these two days. This is an example of__________.
a. the target return effect.
b. the substitution effect.
c. dynamic pricing.
d. the income effect.
e. cross-price elasticity.
Business
1 answer:
emmainna [20.7K]3 years ago
5 0

Answer:

c. dynamic pricing.

Explanation:

Dynamic pricing is when the price of a product is not fixed but flexible. Prices change based on changes in demand. It is also known as surge pricing or demand pricing.

The Coffee Express company reduces its prices on the weekends due to a fall in demand. This is Dynamic pricing.

Cross price elasticity measures the degree of responsiveness of quantity demanded of a good to changes in the price of another good.

The income effect measures how consumption and demand for a product changes when real income changes.

The substitution effect measures how a consumer subsistuites one good for another good when there's a change in price.

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At the beginning of the recent period, there were 900 units of product in a department, one-third completed. These units were fi
otez555 [7]

Answer:

5,500 units

Explanation:

Given that

Beginning units = 900 units out of one third is completed i.e = 300 units

Started and completed units = 5,000 units

Ending units = 800 units out of one fourth is completed = 200 units

So, according to the weighted average valuation method, the equivalent units is

= 300 units + 5,000 units + 200 units

= 5,500 units

This is the answer but the same is not provided in the given options

6 0
3 years ago
a newspaper, prints Clark’s picture of Lana in his newspaper as a lead to an article concerning the negligence of children. The
den301095 [7]

COMPLETE PROBLEM

Lana, a ten-year-old child, is run over by a car negligently driven by Mitchell. Lana, at the time of the accident, was acting reasonably and without negligence. Clark, a newspaper reporter, photographs Lana while she is lying in the street in great pain. Two years later, Perry, the publisher of a newspaper, prints Clark's picture of Lana in his newspaper as a lead to an article concerning the negligence of children. The caption under the picture reads: "They ask to be killed." Lana, who has recovered from the accident, brings suit against Clark and Perry. What result? Explain.

Explanation:

Judgement for Lana against Perry but not against Clark. The facts make out a case against Perry for the tort of invasion of privacy in particular placing another in a false light (INVASION OF PRIVACY:FALSE LIGHT). Section 652E of the restatement imposes liability for publicity which places another in a false light. It is unlikely that Perry could utilize the first amendment as a defense because Lana was neither a public official nor a public figure. Even if that defense were available, it is forfeited if Perry acted with "malice", which appears to be the case here because Perry acted in reckless disregard of the truth. Clark did not commit the tort of intrusion because he photographed an event that occurred in public.

3 0
3 years ago
When a consumer borrows money, the lender will ask the borrower to sign:
mel-nik [20]

Answer:

a lender's agreement.

5 0
2 years ago
A best-seller novel sells for $28 in hardback edition and $12 in a paperback edition. a book store's sales of both editions tota
Mekhanik [1.2K]
The number of each type of book is what is unknown, so we can represent those quantities with variables. Let x = the number of hardbacks and y = the number of paperbacks. Then we know that: x + y = 65 (the total number of books sold) We also know the total cost of both editions, which is $1356. It can be written algebraically as: 28x + 12y = 1356 We now have a system of two equations, which can be solved by substitution. It would be easier to solve the first equation for either x or y and substitute that into the second equation. 
6 0
3 years ago
Tom elects the Life Income with 10-year Period Certain settlement option. Tom dies in year 6. The beneficiary receives payments
Sonbull [250]

Answer:

B. 4 years

Explanation:

As per the certain life income period, the guaranteed payments for the recipient lifetime or the specified time duration whichever is more.

Now if the recipient dies before the certain period ended, so the payments would be continued to the other beneficiary unless there is an end for the certain period

So, in the given situation, the payments would be received for

= 10 years - 6 years

= 4 years

Hence, the correct option is B. 4 years

6 0
3 years ago
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