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]
4 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]4 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.

Ivan4 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
A company has $100,000 in assets, 1000 shares outstanding and no debt. If EBIT is $20,000, the interest rate on debt is 10% and
LekaFEV [45]

A company has $100,000 in assets, 1000 shares outstanding, and no debt. If EBIT is $20,000, the interest rate on debt is 10% and its tax rate is 40%, then its EPS is 12 per share.

Earning Per Share (EPS) indicates the agency's profitability by means of showing how a great deal of cash a commercial enterprise makes for each proportion of its stock. The EPS parent is determined by way of dividing the employer's net income by using its outstanding shares of common inventory. however, it's miles taken into consideration the higher the EPS quantity, the more worthwhile the employer.

To find the ESP use the formula

ESP = Net Income / Common Share O/S- Net Income = 20000 - 0 -20000 * (.40) = 12000

ESP = 12000 / 1000 = 12 per share

Therefore Earning per share is 12 per share.

Earnings Before Interest and Taxes (EBIT) is a hallmark of an enterprise's profitability. EBIT may be calculated as sales minus charges with the exception of tax and hobby. EBIT is likewise referred to as running profits, operating earnings, and income before interest and taxes.

Learn more about EBIT here brainly.com/question/14565042

#SPJ4

7 0
2 years ago
Mystery, Inc. is contemplating selling bonds. The issue is to be composed of 800 bonds, each with a face amount of $750. How muc
LuckyWell [14K]

Answer:

$570,000

Explanation:

Calculation to determine How much is Mystery, Inc. able to borrow (in total) if each bond is sold at 95% of par

Using this formula

Total Amount borrowed=Bonds*Face value*95% of par

Let plug in the formula

Total Amount borrowed=800*$750*0.95

Total Amount borrowed=$570,000

Therefore the amount the Mystery, Inc. will be able to borrow (in total) if each bond is sold at 95% of par is $570,000

6 0
3 years ago
When your Mac is turned on, this application is always running.
Andrej [43]
The answer is Finder. (It's actually kind of annoying to OCD people like myself, haha)

Hope this helped! Good luck! :)
3 0
4 years ago
Read 2 more answers
The alimony rules applicable to divorces entered into before 2019:_____.A. Are based on the principle that the person who earns
Sever21 [200]

Answer: D. Distinguish child support payments from alimony.

Explanation:

Alimony is simply referred to as the payments that is paid to a spouse after a divorce in order to support such spouse. It should be noted that this payment can either be on a continuing basis or can be a lump sum.

Alimony is the payment made to the dependent spouse by the supporting spouse. The alimony rules applicable to divorces entered into before 2019 differentiates child support payments from alimony.

Therefore, option D is the correct answer.

3 0
3 years ago
The ideas of Adam Smith and Karl Marx 1. ___ used the metaphor of the "invisible hand" to: a. Describe how the individual pursui
melisa1 [442]

Answer: 1. A - Describe how the individual pursuit of self-interest works to promote the interest of the public as a whole

2. A- Both Adam Smith and Karl Marx believed that humans are motivated by self-interest

Explanation:

1. According to Adam Smith who is known as the father of modern economics stated in his thesis that individual's self-interest and freedom of production as well as consumption is in the best interest of the society as a whole.

Each Individual's free exchange creates signals about which goods and services are valuable. These signals will spontaneously direct competing consumers, producers, distributors, and intermediaries—each pursuing their individual plans— to fulfill the needs and desires of others.

Smith’s invisible hand became one of the primary justifications for an economic system of free market capitalism.

2. Pairing that best describes Adam Smith's view of human motivation in a market economy and Karl Marx's view of human motivation in a communist economy: Both Adam Smith and Karl Marx believed that humans are motivated by self-interest as they both believe that the economy is a capitalist economy that all its good and services are in the hands of private individuals.

7 0
3 years ago
Other questions:
  • Spreading out investments to reduce risk is _____. diversification a financial intermediary income distribution a financial asse
    6·2 answers
  • The following transactions occurred at the Daisy King Ice Cream Company.
    11·1 answer
  • Sara borrowed $500 for four years at 3 percent interest, compounded annually. Use the formula to calculate the total amount she
    15·2 answers
  • What is the equivalent annual annuity of a project that requires an investment of $50,000 today and is expected to generate free
    14·1 answer
  • When using straight-line depreciation to compute depreciation for a partial​ year:
    11·1 answer
  • Will Mark BRAINLIEST
    6·1 answer
  • Pensacola Inc. exchanged old equipment for new equipment in two exchange transactions. Each transaction has commercial substance
    14·1 answer
  • P&G sells cosmetics, laundry detergent, and products like Pringles to the ________ market by establishing strong brand image
    14·1 answer
  • According to authors Murphy and Murphy, a 2% Increase in customer retention has the same net effect on a
    11·1 answer
  • Who is the best rapper??
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!