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4 years ago

True or False:If the price of a product goes up by 10% and the quantity demanded goes up by 20% the product is an inferior good.

1 answer:

5 0

False.

If the price of a product goes up by 10% and the quantity demanded goes up by 20% the product is a GIFFEN GOOD.

An inferior good is a good that decreases in demand if income increases. These are the goods that people opt not to buy when their purchasing power increases.

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Preston has to make four phone calls to clients today. The call to Mr. Miller will take about an hour to complete, the call to M

MrRissso [65]

Answer:

Preston has to make four phone calls to clients today. The call to Mr. Miller will take about an hour to complete, the call to Ms. Winnecuit will take about five minutes to complete, the call to Mr. Drudge will take about thirty minutes and the call to Mrs. Freich will take about fifteen minutes to complete. If all the calls are equally important, who should Preston call first?

From the analogy above, in order to maximize the time frame. The call to lesser clients should be prioritized before others, this means that Preston should place a call to Ms Winnecuit which will last for five minutes follow by Mrs Freich which will last for fifteen minutes follow by Mr Drudge which will last for thirty minutes and lastly to Mr Miller which will last for about an hour.

Prioritization comes in play to time frame of each call, the lesser minutes calls will not take too much time to be completed while the call with highest time frame comes last as a result of the time involved.

Explanation:

6 0

3 years ago

Read 2 more answers

Find the final amount in the following retirement account, in which the rate of return on the account and the regular contribut

ICE Princess25 [194]

Answer:

Total value of the investment= $57,320.73

Explanation:

First, we need to calculate the future value of the first part of the investment. We will calculate the future value for the monthly deposit for five years and then the lump sum for another five years.

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

i= 0.04/12= 0.003333

n= 5*12= 60 months

FV= {322*[(1.003333^60) - 1]} / 0.003333

FV= $21,348.05

For the lump sum:

FV= PV*(1+i)^n

n= 12*5= 60

i= 0.05/12= 0.004167

FV= 21,348.05*(1.004167^60)

FV= $27,397.75

Now, the future value of the second part of the investment:

n= 60

i= 0.0041667

A= 440

FV= {440*[(1.004167^60) - 1]} / 0.004167

FV= $29,922.98

Total value of the investment= 27,397.75 + 29,922.98

Total value of the investment= $57,320.73

3 0

3 years ago

You volunteer to participate in a game in which you are told that you and another participant, whom you will never meet but is p

evablogger [386]

It's the prisoner's dilemma.

Hope this satisfies your query! Have a good one :)

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3 years ago

A personal identification number(PIN) is used to protect: A checks B deposit slips C debit cards D check registers

saw5 [17]

Answer:

If there is an all of the above option click that but if not hit D: Check registers

Hope this helps!

5 0

3 years ago

Gee gee's is a neighborhood bakery known for its scrumptious tea cakes. gee gee's recipes call for expensive spices imported fro

dlinn [17]

I guess the correct answer is microeconomic analysis.

GeeGee’s is a community-based bakery known for its scrumptious tea cakes. The recipe calls for expensive spices imported from Asia. Recently the cost of these spices has risen dramatically, leading GeeGee’s to consider increasing its prices. In order to analyze how this change would affect consumer choices, GG’s management could perform a microeconomic analysis.

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4 years ago