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
Ainat [17]
3 years ago
6

Suppose that in 2007, Ford sold 500,000 Mustangs at an average price of $18,800 per car; in 2008, 600,000 Mustangs were sold at

an average price of $19,500 per car. These statements:
Business
1 answer:
S_A_V [24]3 years ago
3 0

Answer:

Actually suggests that there was an increase in the demands for Mustangs between 2007 and 2008

Explanation:

Two factors are important to consider in order to make the decision:

The first is the quantity of Mustangs sold

The second is the average price of Mustangs in each year

2007

500,000 Mustangs sold at an average price of $18,800

2008

600,000 Mustangs sold at an average price of $19,500

Implication

The quantity demanded of Mustangs in 2008 was so enormous that supply could not keep up with demand, hence, it created a gap between quantity demanded and quantity supplied. Once, there is a shortage of supply for a product the effect is that price of the product wil go up.

Therefore, the demand went up by 100,000 Mustangs in 2008 and since supply struggled to match this demand, the average price also went up by an aveage of $700

So, the statements show that the demand for Mustangs went up in 2008 and consumers were willing to pay more to get one.

You might be interested in
A telephone customer service center wants to ensure that the majority of its customers’ calls are answered within a reasonable a
mr_godi [17]

Answer:

The Capability Index for this process is 1.04. The right answer is B

Explanation:

According to the given data we have the following:

μ = 31 Seconds

USL = 45

LSL = 10

Standard deviation σ= 4.5

Therefore, in order to calculate the Capability Index for this process we would have to use the following formula:

Cpk=Min<u>( USL-μ</u>  ,  <u>μ- LSL</u>)

               3×σ            3×σ

Cpk=Min<u>( 45-31</u>  ,  31<u>- 10</u>)

               3×4.5      3×4.5

Cpk = Min ( 1.04,1.56) = 1.04

The Capability Index for this process is 1.04

7 0
3 years ago
Assume that Corn Co. sold 7,500 units of Product A and 2,500 units of Product B during the past year. The unit contribution marg
myrzilka [38]

Answer:

Break-even point (units)= 8,464 units

Explanation:

Giving the following information:

Assume that Corn Co. sold 7,500 units of Product A and 2,500 units of Product B during the past year. The unit contribution margins for Products A and B are $33 and $56, respectively. Corn has fixed costs of $328,000.

First, we need to calculate the proportion of sales:

Product A= 7,500/10,000= 0.75

Product B= 2,500/10,000= 0.25

Now, using the following formula, we can determine the break-even point in units:

Break-even point (units)= Total fixed costs / Weighted average contribution margin

Break-even point (units)= 328,000/ (0.75*33 + 0.25*56)

Break-even point (units)=  328,000/38.75

Break-even point (units)= 8,464 units

8 0
3 years ago
Croft Company sold land costing $10,000 for $12,000. In the investing activities section of the statement of cash flows, the com
Nezavi [6.7K]

Answer:

The answer is: B) An inflow of $12,000

Explanation:

Croft Company's cash flow should include the total cash inflow (the company received money) of $12,000. Even if the company bought the land the day before, paying the $10,000 yesterday, the cash flows are independent one from another. It should have recorded the outflow of $10,000 "yesterday".

7 0
3 years ago
Next Up Computer Company thinks it will make a splash with cartoon-themed laptop cover designs scheduled for release next year.
vova2212 [387]

Considering the situation described above, this effort is an example of using <u>image differentiation</u> to differentiate a product as new.

<u>Image differentiation</u> is a type of differentiation strategy used by business firms to differentiate their products through communications.

By using communication strategies such as written, audio, digital, advertisement, or images to differentiate between various products or from existing products, this is an example of <u>image differentiation</u>.

Thus, when Next Up Computers only changes the cover designs alone, that is a form of <u>image differentiation</u>.

This is type of differentiation is often referred to as Reputation Differentiation.

Other types of differentiation methods include the following:

  • Product differentiation
  • Service differentiation
  • Relationship differentiation
  • Distribution differentiation.
  • Price differentiation.

Hence, in this case, it is concluded that the correct answer is "<u>Image Differentiation."</u>

Learn more here: brainly.com/question/14302620

6 0
3 years ago
he theory of efficiency wages provides a possible explanation as to why Group of answer choices workers form unions. firms shoul
Katena32 [7]

Answer:

Firms may be inclined to keep their workers’ wages above the equilibrium level.

Explanation:

The efficiency wage theory states that if an employer increases the wage of his/her employees, they will be motivated and their productivity will increase. The increase in productivity should offset the increased labor costs. So the costs of higher wages should be recouped through increased productivity. Higher wages also reduce worker turnover, reducing hiring and training costs.

4 0
3 years ago
Other questions:
  • Select the incorrect statement regarding the relationship between cost behavior and profits.
    5·1 answer
  • According to an article in marketing news, fewer checks are being written at grocery store checkout stands than in the past. to
    8·1 answer
  • A marketer makes a place decision by selecting channels of distribution. what does this mean?
    9·1 answer
  • The management of a telecommunications company informs the members of its sales team that if they continue to underperform, the
    12·1 answer
  • The following information is provided by Doppler SystemsProject A Project B Project C Project DInitial investment $426,000 $214,
    6·1 answer
  • Richard, an engineer, supervises the construction of a new mountainside roadway. When the road collapses in a landslide due to f
    5·1 answer
  • Project _____ management includes estimating how long it will take to complete work, develop an acceptable project schedule, and
    11·1 answer
  • The purchase price of a car is $25,000. Mr. Smith makes a down payment of $5000 and borrows the balance from a bank at 6% nomina
    7·1 answer
  • g Suppose Marcia's Manioc Farm is a non-price discriminating monopolist producing manioc and is producing its profit-maximizing
    9·1 answer
  • Lamping, Inc., is considering the purchase of a machine that would cost $520,000 and would last for 7 years, at the end of which
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!