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3 years ago

The income effect describes the:

Business

1 answer:

Naily [24]3 years ago

5 0

A
Because when you earn more you want more

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The owner of a small color television set offers to sell it to a neighbor for $75. As the neighbor stands there thinking about t

NNADVOKAT [17]

If he was the first to say he wanted the product and the seller wants to sell it as fast as possible than yes. But not technically it would be a kind of verbal understanding and agreement.

8 0

4 years ago

The break-even in units sold will decrease if there is an increase in: a. unit sales volume. b. total fixed expenses. c. unit va

s2008m [1.1K]

Answer:

d. Selling Price

Explanation:

Break even point is calculated as $\frac{Fixed\ cost}{Contribution\ per\ unit}$

Thus, break even point in units only in two cases,

Fixed cost is reduced that is decreased,
Contribution per unit is increased.

Now, here the options are

a. Increase in units sales volume is of no relevance as will not impact the fixed cost or contribution per unit.

b. Increase in fixed cost will result in higher break even point, as numerator in the fraction will increase.

c. Increase in unit variable cost will ultimately decrease the contribution thus, it is of no relevance.

d. Increase in selling price will increase the contribution per unit, that is the increase in denominator value in fraction, thus, break even units will decrease.

Correct option is

d. Selling Price

7 0

4 years ago

You appreciate that consumers are hesitant to purchase spa services that they cannot evaluate before consumption. What is the be

hram777 [196]

To address intangibility, a marketer needs to use tangible cues in their marketing to make the customer see the benefit of the service being offered.

Marketers could also use testimonials to vouch for the quality of the service being sold.

7 0

3 years ago

Univisión’s market appeal is most specifically aimed toward the ________________ market.

mezya [45]

Univision's market appeal is most specifically aimed toward the HISPANIC market.

Hispanic or Latino according to the U.S. Census Bureau is an individual who is of Cuban, Mexican, Puerto Rican, South or Central American, or any Spanish origin or culture".

7 0

3 years ago

Read 2 more answers

"The forward rate of the Swiss franc is $.50. The spot rate of the Swiss franc is $.48. The following interest rates exist: You

GuDViN [60]

Answer:

$96,914

Explanation:

360‑day borrowing rate in Swiss as given is 5%

rate = 100 + 5 = 105%

Total = 200,000/105% = SF190,476

The spot rate of the Swiss franc is $.48

Therefore SF190,476 = SF190,476 × $.48 = $91,428

360‑day deposit rate in US as given 6%

Total Invest = 6 % of $91,428 + $91,428

= $5485.68 + $91,428 = $96,914

8 0

4 years ago