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
lys-0071 [83]
3 years ago
8

When the price of Nike soccer balls fell, Ronaldo purchased more Nike soccer balls, and fewer Adidas soccer balls. Which of the

following best explains Ronaldo's decision to buy more Nike soccer balls? A.the substitution effect B. the income effectC. an increase in the demand for Nike soccer balls D. the price effect
Business
1 answer:
Pie3 years ago
8 0

Answer:

The correct answer is (A)

Explanation:

Nike and Adidas are considered as substitute goods that means they have positive cross elasticity of demand. When the price of Nike soccer balls fell, Rolando purchased more Nike balls compared to Adidas balls because of the substitution effect. The substitution effect led to this decision. A substitute effect is a change in the purchase decision, due to an increase in the price of one substitute good.

You might be interested in
A cost-benefit analysis is a valuable tool in economic decision making
nata0808 [166]

Answer:

C. Helps balance the positive and negative consequences of a decision.

Explanation:

5 0
3 years ago
which component of the marketing mix encompasses all efforts by an international firm to enhance the desirability of its product
spayn [35]

Answer:

Geocentric approach

Explanation:

Geocentric approach marketing is generally used to enhance the desirability of products among potential buyers. geocentric approach marketing is a sort of worldwide advertising wherein organisations attempt to spread out the aspects of their items or administrations among various nations. It happens when a business chooses to widen its activities and spotlight on deals outside of its nation of origin. The whole strategy is implemented to gain more customers.

7 0
3 years ago
MakerMan Manufacturing creates heavy-duty hand tools. It produces a new collapsible hammer called the SmackN’Stash. One of the f
never [62]

Answer:

Anyone who is injured by a defective product may sue the manufacturer, merchants and all others who handled the product.

Explanation:

Strict liability is a legal doctrine that holds a person responsible for the damages or loss caused by his or her acts or omissions. In torts, strict liability is the doctrine that imposes liability on a party or person without a finding of fault. A finding of fault would be negligence or tortious intent.

Strict liability is an important factor in maintaining safety in high-risk environments by encouraging individuals, employers, and other parties to implement the means to prevent injuries and damages. Construction, manufacturing, and other potentially dangerous work settings are typically subject to strict liability.

5 0
3 years ago
The net present value (NPV) method estimates how much a potential project will contribute to
Alex777 [14]

This answer requires that we fill in the blanks. The answers are contained in the bullet to fill the missing places

  • shareholder wealth
  • larger the NPV
  • higher stock price.
  • WACC
  • accept the project.
  • higher positive NPV.

<h3>What is the NPV?</h3>

This is the term that is used to refer to the net present value. This is the value that is calculated as the difference between the cash inflows and out flows for over a time period.

In order to get the NPV we have to make the following calculations for the projects A and B.

We have:

<u>For Project A</u>

-900 + 620/1.08 + 395/1.08² + 200/1.08³ + 250/1.08⁴

= $355. 237

<u> project B</u>

we would have

-900 + 620/1.08 + 395/1.08² + 200/1.08³ + 250/1.08⁴

= 378.98

The value for the project B happens to be greater than that of A hence this is the value that we have to accept

Read more on NPV here:

brainly.com/question/17185385

#SPJ1

4 0
2 years ago
"Harold and Maude are married and live in a common-law state. Neither has made any taxable gifts and Maude owns (holds title to)
jeyben [28]

Answer:

$5528000

Explanation:

Solution

Given that:

Now,

The 2018 estate tax exemption 11180000$ above that the estate inherited are taxed at 40%.

So,

25000000-11180000 = taxable estate 13820000$

The estate tax due= 13820000*40%

= 5528000$

Note: This is reference from Exhibit 25-1 and Exhibit 25-2.

8 0
3 years ago
Other questions:
  • A domestic manufacturer of watches purchases quartz crystals from a Swiss firm. The crystals are shipped in lots of . The accept
    13·1 answer
  • Central planning is a key characteristic of which economic​ system?
    13·2 answers
  • Natalie and Curtis have been experiencing great demand for their cookies and muffins. As a result, they are now thinking about b
    11·1 answer
  • How can producers maximize their profit?
    7·1 answer
  • The price of apples falls. what happens in the market for apple pies?
    5·1 answer
  • A method to determine market risk by using the betas of single-product companies ina given industry
    8·1 answer
  • Dana has standard consumer preferences over two goods: hours spent watching football (W) and hours spent playing football (P). H
    7·1 answer
  • Lowell Corporation paid $80,000 to acquire all of Boston Company's net assets. Boston reported assets with a book value of $60,0
    6·1 answer
  • What is strategy?
    7·1 answer
  • . jarell is grocery shopping for his bbq cookout this weekend. he is grilling 1313lb. burgers and expects about 20 people. how m
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!