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3 years ago

Which statement best explains the law of demand?

Business

2 answers:

lozanna [386]3 years ago

6 0

Answer:

B. The quantity demanded by consumers decreases as prices rise, then increases as prices fall.

Explanation:

100%

Paul [167]3 years ago

5 0

B is right just took the test

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In its most common usage, ______ refers to circumstances in which an insurance company tries to recoup expenses for a claim it p

worty [1.4K]

Answer:

Deductibles

Explanation:

In general usage, the term deductible may be used to describe one of several types of clauses that are used by insurance companies as a threshold for policy payments. Deductibles are typically used to deter the large number of claims that a consumer can be reasonably expected to bear the cost of, by restricting its coverage to events that are significant enough to incur large costs, the insurance firm expects to pay out slightly smaller amounts much less frequently, incurring much higher savings . Deductibles are a portion of the insured loss (in dollars) paid by the policy holder .Collision and comprehensive coverage are subject to a deductible that you, as the insured, would select. Other coverage that may be sold include towing, rental/reimbursement and mechanical breakdown. A deductible is a portion of a covered loss that is not paid by the insurer. The deductible is subtracted from the amount the insurer would otherwise be obligated to pay you as the insured. The deductible amount is selected by you. Generally, a higher premium is charged for a lower deductible and lower premium for a higher deductible.

5 0

3 years ago

Mildred and Robert are the only buyers in the market for DVDs. Mildred buys 5 DVDs when the price of a DVD is $6.00 , 4 DVDs w

Nookie1986 [14]

Answer:

increases as the price falls

Explanation:

A. increases as the price rises

B .at $8.00 a DVD is 8 DVDs a month

C. at $6 a DVD is less than the quantity demanded at $8.00 a DVD

D. increases as the price falls

E .at $6.00 a DVD is 4 DVDs a month

According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

As price decreases, quantity demanded increases

8 0

2 years ago

An automated turning machine is the current constraint at Jordison Corporation. Three products use this constrained resource. Da

Maru [420]

Answer:A. LN, JQ, RQ

Explanation:

To know the current profitability, we need to determine the contribution margin unit by the minutes on the constraints .

a) For LN

Contribution by unit = Selling price per unit- Variable cost per unit

$ 161.88 -$116.12 = $45.76

Contribution by the minutes = Contribution by unit / Minutes on the constraint

= $45.76/ 2.60 = 17.60

B) For JQ

Contribution by unit = Selling price per unit- Variable cost per unit

$ 350.41 -$279.11 = $71.3

Contribution by the minutes = Contribution by unit / Minutes on the constraint

= $71.3/ 4.60 = 15.50

c) For RQ

Contribution by unit = Selling price per unit- Variable cost per unit

$ 446.71 -$338.71 = $108

Contribution by the minutes = Contribution by unit / Minutes on the constraint

= $108/ 7.50 = 14.40

In order of their current profitability from most profitable to least profitable, We have LN with 17.60, next JQ with 15.50 and the least RQ with 14.40

4 0

3 years ago

Bradley's Copiers sells and repairs photocopy machines. The manager needs weekly forecasts of service calls so that he can sched

Mkey [24]

Answer:

Explanation:

exponential smoothing alpha = 0.5

formula = Previous demand x Alpha + previous forecast x (1 - alpha)

26 32 40 27 30

26 26 29 34.5 30.75

week 2 forecast

26x0.5 + 26x0.5 = 26.

week 3 forecast

32x0.5 + 26x0.5 = 29

use the same procedure for week 4 and week 5

week 6

30x0.5 + 30.75x0.5 = 30.375

Demand Forecast for week 6 = 30.38

5 0

3 years ago

You are a U.S. investor who purchased British securities for 2,340 pounds one year ago when the British pound cost $1.52. No div

Olin [163]

Answer:

Total Return = 10.45%

Explanation:

To calculate the return, we must first determine the appreciation in the value of the securities in terms of the US dollar.

The initial investment in terms of US dollar was of,

Initial Investment in USD = Investment in Pounds * Exchange rate

Initial Investment in USD = 2340 * 1.52

Initial Investment in USD = $3556.8

The current value of the investment in terms of USD is,

Current value of investment in USD = 2440 * 1.61

Current value of investment in USD = $3928.4

The formula to calculate total return is,

Total Return = (Current Value - Initial Value) / Initial Value

So, the total return based on US dollars was:

Total return = (3928.4 - 3556.8) / 3556.8

Total Return = 0.10447 or 10.447% rounded off to 10.45%

6 0

3 years ago