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
Vlad1618 [11]
3 years ago
11

The price of ice cream increases. In 1 or 2 sentences, explain how and why this affects the quantity of ice cream cones demanded

by consumers.
Business
2 answers:
Delicious77 [7]3 years ago
6 0

Each consumer has different tastes and preferences, so each has a different utility when consuming a product. This mirrors the price at which each consumer is willing to pay. Some who like ice cream tend to pay a higher price, others do not. That way, if ice cream rises in price, some people who previously demanded ice cream will stop buying. Only consumers who value ice cream will pay a higher price. Therefore, demand is lower after the price increase.

Ivan3 years ago
4 0
As the price of ice cream increases, so the demand by consumers may decrease, decreasing the quantity of ice cream cones demanded (provided that all consumers eat ice cream with a cone!)
You might be interested in
The market risk premium is 9.0%, and the risk-free rate is 5.0%. If the expected return on a bond is 9.5%, what is its beta?
leva [86]

Answer:

The beta is 1

Explanation:

The computation of beta using the CAPM model is shown below:

As we know that

Expected rate of return = Risk free rate of return + Beta × Market risk premium

9.5% = 5% + Beta × 9.0%

9.5% - 5% = Beta × 9.0%

9.0% = Beta × 9.0%

So, the beta is 1

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

4 0
3 years ago
Improving performance and striving for a better career is an example of ....
mojhsa [17]
Being and expert!!!!!!!!!!!!!!!!!!!!!!!1
4 0
3 years ago
Schrade Company bought a machine for $128,000 cash. The estimated useful life was four years and the estimated residual value wa
zzz [600]

Answer:

Net book value (NBV) at the end of Year 2, under:

  • straight-line method is $67,250
  • units-of-production method is $21,800
  • double-declining balance is $32,000

If there is need for NBV for Year 1, simply subtract the depreciation for Year from the cost.

Explanation:

Under straight-line method, depreciation expense is (cost - residual value) / Estimated useful life = ($128,000 - $6,500) / 4 years = $30,375 yearly depreciation expense.

Accumulated depreciation for 2 years is $30,375  x 2 years $60,750.

The net book value of the asset (cost - accumulated depreciation) is: $128,000 - $60,750 = $67,250.

The unit-of-production method is used when the asset value closely relates to the units of output it is able to produce. It is expressed with the formula below:

(Original Cost - Salvage value) / Estimated production capacity x Units/year

At Year 1, depreciation expense (DE) is: ($128,000 - $6,500) / 135,000 units x 58,000 units = $52,200/year

At Year 2, depreciation = ($128,000 - $6,500) / 135,000 units x 60,000 units = $54,000/year

Accumulated depreciation for 2 years is $52,200 + $54,000 = $106,200.

Note that this depreciation method results in higher depreciation charge when the asset is heavily used, at this time, it was in year 2.

The NBV under this method is is: $128,000 - $106,200 = $21,800.

The double-declining method is otherwise known as the reducing balance method and is given by the formula below:

Double declining method = 2 X SLDP X BV

SLDP = straight-line depreciation percentage

BV = Book value

SLDP is 100%/4 years = 25%, then 25% multiplied by 2 to give 50%

At Year 1, 50% X $128,000 = $64,000

At Year 2, 50% X $64,000 ($128,000 - $64,000) = $32,000

Accumulated depreciation for 2 years is $64,000 + $32,000 = $96,000.

The NBV under this method is is: $128,000 - $96,000 = $32,000.

6 0
3 years ago
What is the safest way to dispose of old bank account statements
Sidana [21]
B: shred them in a paper shredder

4 0
3 years ago
Read 2 more answers
Throughout history, all sorts of interesting things have been used as money, including fresh fish and cattle. Fresh fish is not
sertanlavr [38]

Answer:

e. Medium of exchange

Explanation:

  • The most important quality of money for both fish and cattle are the exchange tools, that is, one factor that helps in determining the exchange rate of various products. For the lack of symmetry, separation, portability, etc.,
  • both cannot be used for this purpose.
  • Two items can be allocated by the government, used in stock value, stocked, and used as two account units.
8 0
3 years ago
Other questions:
  • Factors of production, such as physical capital, human capital, and technological knowledge, are crucial to economic growth. The
    13·1 answer
  • How would a reduction in the temperature from 80 degrees to 50 degrees affect one’s decision to go swimming?
    13·1 answer
  • A means of displaying or graphing in two dimensions the location of products or brands in the minds of consumers to enable a man
    9·1 answer
  • Andrew Industries purchased $165,000 of raw materials on account during the month of March. The beginning Raw Materials Inventor
    6·1 answer
  • A monthly fixed rate mortgage payment
    9·1 answer
  • Lisle Hair Company keeps track of the gender and age of its customers so it can target e-mails to them and be sure to have the r
    14·1 answer
  • Suppose that a there are two goods, X and Y. The price of Good X is $5 and the price of Good Y is $10. The seller of Good X offe
    7·1 answer
  • Everett Company has outstanding 30,000 shares of $50 par value, 6% preferred stock and 70,000 shares of $1 par value common stoc
    11·1 answer
  • Youve got your budget, credit history and savings in order. Whats the nest step
    15·1 answer
  • If revenues are greater than total variable costs of production but less than total costs, a firm A) earns a profit. B) suffers
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!