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r-ruslan [8.4K]
3 years ago
9

In 2008, OPEC succeeds in raising world oil prices by 300 percent. This price increase causes inventors to look at alternative s

ources of fuel for internal-combustion engines. A hydrogen-powered engine is developed which is cheaper to operate than gasoline engines. Which problem in the construction of the CPI does this situation represent?
a. substitution bias and introduction of new goods
b. introduction of new goods and unmeasured quality change
c. unmeasured quality change and new goods.
d. income bias and substitution bias
Business
1 answer:
djverab [1.8K]3 years ago
7 0

Answer:

Option "A" is the correct answer to the following statement.

Explanation:

  • In Industries, when the price of one manufacturing factor increase, then Inventors try to create new better and cheap substitution for that factor.

In Substitution bias, a customer needs a cheaper and better substitution for the substitute goods.

In the same manner, when new goods come into the market as substitution goods then the market of these new goods rapidly rises.

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A statewide alliance of independent hospitals has formed in order to do group purchasing of medical supplies. Group purchasing a
STatiana [176]

Answer:

The correct answer is c. economies of scale.

Explanation:

The situation in which a company reduces its production expenses by expanding is called economy of scale. It is a situation in which the more it occurs, the cost that the company has to manufacture a product is lower.

There is a greater benefit for every extra unit we produce. This reduction in the cost of unit manufacturing is not reduced because the price of raw materials goes down, but to take advantage of a material that we have already bought and in which we invested money in the past.

Therefore, it occurs especially in situations in which the company buys more facilities. If we buy a machinery, the way to take advantage of it is to produce more since it is the way that we get a greater benefit, by taking advantage of the same machinery to produce more products, the unit cost of each product is lower. And we will get more benefit the more we produce. This benefit will be greater since we will not have to increase manufacturing costs since we have already had it before.

3 0
4 years ago
Refers to the work processes associated with shortening the time of delivering a product or service
NARA [144]
The term that is being described above is EXPEDITING. From the term itself, expedite means to a process of making something happen sooner or immediately. When it comes to business, expediting is a term that refers to the management of purchases wherein the products are being delivered and arrived in a timely fashion while maintaining its quality.
7 0
3 years ago
Because of their sharp quality text output and fast printing speeds, ___ printers are often preferred by businesses.
RideAnS [48]

Answer:

Laser printer

Explanation:

Laser printers are quicker than inkjet printers (producing more pages per minute), generate higher-quality output (with some limitations), and are better suited for high-volume production. Laser printers produce significantly finer lines than inkjet printers, making them ideal for text, logos, and corporate information graphics.

5 0
3 years ago
XYZ has a current market price of $30.00 per share with earnings last year of $2.50 per share, a beta of 1.1 and a dividend of $
Nutka1998 [239]

Answer:

The expected price for the stock is $36

Explanation:

The price earning multiple is a measure that provides the information regarding how much are the investors willing to pay for each $1 of earnings per share. The formula for price earnings multiple is,

P/E = Price per share / Earnings per share

Based on the information, the P/E multiple for XYZ is,

P/E = 30 / 2.5   =  12

Using this price / earnings multiplier, we calculate the price at which the stock will trade as,

12 = Price per share / 3

12 * 3 = Price per share

Price per share = $36

8 0
3 years ago
What kind of interest group represents different facets of business interests?
kogti [31]
I would say that it would simply be a businessman's interest group or an association such as the Association of Mineral Exploration in the province of British Columbia, Canada that is an advocacy group for the businessmen to ensure they get the ear of the provincial government and so they can be a lobby group too.
4 0
3 years ago
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