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Lynna [10]
3 years ago
9

Which economic utility increased when fast-food restaurants began accepting credit.

Business
2 answers:
Alborosie3 years ago
4 0

Answer:

Possession utility

Explanation:

Possession utility is the value consumers derive from purchasing a good and there is an option for them to make use of the good for the primary function it was made to perform or when it is possible to make use of the good in another way.

The possession utility of a product can increase when a customer is given a means of finance that affords him an immediate enjoyment of a commodity by  paying little or no money for it.

Therefore, possession utility increased when fast-food restaurants began accepting credit.

grandymaker [24]3 years ago
3 0
C. Possession utility
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New York City is the most-visited city in the world. <br><br> A. True <br> B. False
qaws [65]

Answer:

A. True

Explanation:

New York is the most popular city in the US and home to the world-famous statue of liberty. New York city has attractive tourist destination sites and offers wonderful shopping experiences. In 2019, the city welcomed over 13.5 million visitors from outside the US.

New York is the most sought tourist destination. It is also the most visited city in the world.

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3 years ago
What would be the most challenging part of working in IT?
zhuklara [117]

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The price of milk at the local grocery store is cut by 15%. In response to the price cut, the quantity of milk demanded falls by
Crank

Answer:

the absolute value is -0.33 and it is inelastic

Explanation:

The computation is shown below:

The Absolute value of Price Elasticity of Demand (PED) is

= Percentage Change in Quantity Demanded ÷ Percentage Change in Price

= 0.05 ÷ (-0.15)

= -0.33

Since the price elasticity of demand is less than one so here there is an inelastic demand

Therefore the absolute value is -0.33 and it is inelastic

6 0
3 years ago
Terry is calculating the present value of a bonus he will receive next year. The process he is using is called:
MArishka [77]

The process used by Terry is known as Discounting.

<h3><u>What is Discounting?</u></h3>
  • A value obtained in the future is converted to an equivalent value received right away through the process of discounting.
  • Discounting takes into account the relative value of a dollar received now against one received in 50 years, for instance.
  • By converting future dollars into current dollars, the discounting process allows for the conversion of units of value over a range of time periods.
  • Decision-makers utilize discounting to fully comprehend the costs and benefits of policies that have long-term effects.

Discounting is a method for calculating the gap between current and future values.

Know more about Discounting with the help of the given link:

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3 0
2 years ago
Rick O'Shea, the only employee of Hunter Furniture Company, makes $32,400 per year and is paid once a month. For the month of Ja
mina [271]

Answer: $‭368.55‬

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Employer payroll tax is;

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Monthly salary = 32,400/12 = $2,700

= (6.2% * 2,700) + (1.45% * 2,700) + ( 5.4% * 2,700) + ( 0.6% * 2,700)

= $‭368.55‬

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3 years ago
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