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AURORKA [14]
3 years ago
14

Suppose you are trying to understand the effect that an increase in the price of grapes will have on the market for wine.

Business
1 answer:
NemiM [27]3 years ago
4 0

Answer:

The correct answer is option d.

Explanation:

The most effective model to understand the effect of change of a variable on other variable is by assuming other factors to be constant. This simplifies the model and helps in easily understanding the relationship between the two variables.  

Though the assumption of other things being constant does not apply in the real world, it is still used as otherwise change in other factors would complicate the model. If several factors change it would be difficult to understand the relationship between variables.  

Here, to study the effect of change in the price of grapes on the market for wine, it is necessary to assume other factors such as income, consumer preferences, etc to be constant.

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Nancy's lease deed clearly states that she will have to pay $1,250 as rent per month and $2,000 as a one-time payment to secure
emmasim [6.3K]

Answer:

Security Deposit

Explanation:

Security deposit is the correct answer because this is the amount that has been considered by the owner when there is any damage occurs. This amount is paid initially which is more than the monthly payment and refundable when the agreement finishes. In the given question it can be clearly seen that the security money is more than monthly payment of $2000.

6 0
3 years ago
Item 15Item 15If Beck's Bicycles, Inc.'s income statement shows gross profit of $350 million, with operating expenses of $120 mi
Alinara [238K]

Answer:

$161 million

Explanation:

Given that,

Gross profit = $350 million

Operating expenses = $120 million

Tax rate = 30%

First, we need to find out the income before taxes by subtracting operating expenses from the gross profit then we are able to determine net income after taxes.

Income before tax:

= Gross profit - Operating expenses

= $350 million - $120 million

= $230 million

Net income after taxes:

= Income before tax - Taxes

= $230 million - (0.30 × $230 million)

= $230 million - $69 million

= $161 million

8 0
3 years ago
Emy is at dinner with her group of friends when one of them pulls out a new pen that not only writes but takes pictures. It also
eduard

Answer:

Late Majority.

Explanation:

The adoption of a product by consumers is divided into five categories, namely, <u>innovators, early adopters, early majority, late majority, and laggards</u>. Such customers are known as adopters who adopt to new technology differently. The category of adopters was proposed by Everett Rogers in 1962.

In the given scenario, Emy exemplifies Late majority adopter.

Late Majority adopters are those adopters who adopts new innovation or technology after observing that the product has been adopted fruitfully by the majority of society. They rank on the second last position of the adopters. They are more skeptical to the product before adopting it. So, Emy fits the late majority category of adopters as she is skeptical about the fancy device shown by her friend.

7 0
3 years ago
Roger always purchased insurance for the 10 years he owned an expensive speedboat. Since he never had an accident, the premiums
miv72 [106K]

The answer base on the given scenario would be letter a, Roger would gain benefits as he was protected from a financial loss as this insurance covers him financially as the insurance of which premiums he has paid and were to gain would only make him the person of having to have the benefit as he is the one who has the insurance covered for him, which is entitled to his name and that the benefits and offers would be his gain.

6 0
3 years ago
A) just like a pen, you too think of ideas; you
Gwar [14]

Answer:

what are we answering

Explanation:

6 0
3 years ago
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