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3 years ago

Consider a scenario where the demand is estimated to be represented by the following equation: ,

Business

1 answer:

Tcecarenko [31]3 years ago

5 0

Answer:

Option (A) is correct.

Explanation:

Qx = 1000 - 10Px + 0.1I + 10Py

Suppose income of the consumer and the price of good x remains constant at

I = $100

Px = $10

Initial price of good y, Py = 10

So,

Qx = 1000 - 10(10) + 0.1(100) + 10(10)

= 1000 - 100 + 10 + 100

= 1,010 units

If price of good y increases to $20, then,

Qx = 1000 - 10(10) + 0.1(100) + 10(20)

= 1000 - 100 + 10 + 200

= 1,110 units

This will results in an increase in the quantity demanded for good x which shows that there is a positive relationship between the price of good y and quantity demanded for good x.

This indicates that good x and good y are substitute goods.

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What global marketing opportunities and challenges would you face if the simulation were based on a real-world international sit

Dominik [7]

Answer:

The answer is stated below:

Explanation:

The challenges which one would face and these are:

1. Hiring especially and retaining the top talent.

2. Secure the budget.

3. Economic fluctuations.

4. Trained professionals.

5. Evaluation of ROI (Return on Investment) on activities of the marketing.

When the company or firm faces the limitations grounded on the real world situations then all of the mentioned above will be a challenge for the company. The firm or the company will have to meet the fluctuation which is linked with the economic conditions as well as the currency.

When the assumptions are build as a simulation then the company or the firm will not be in a position to take the risk. The assumption could cause the firm to travel safely in the economy, in order to take or face the challenges the firm should ready to face the risks and have the plans in respect to tariffs, currency and other barriers.

If the firm wants to play safe then should be open to all the fluctuations and prepared to meet the ups as well as downs in the business.

So, assumptions should be made in such a way that they safeguard or protect the company but should not be such that it will limit the company growth.

5 0

3 years ago

A decline in the real GDP that occurs for at least two or more quarters is called a _______. a. recession c. recovery b. depress

vagabundo [1.1K]

A decline in the real GDP that occurs for at least two or more quarters is called a depression. The correct option among all the options that are given in the question is option "b". There is a very thin line of difference between recession and depression. when the real GDP falls for a repeated number of periods, then it is depression.

6 0

4 years ago

What term describes the relationship between the flow rate and the capacity of each labor resource that works in a process

maks197457 [2]

The reciprocals of one another is the term that describes the relationship between the flow rate and the capacity of each labor resource that works in a process.

<h3>What is a flow rate in production?</h3>

Its means the amount of flow units such as a customers, money, goods going through the business process per unit time.

Hence, the flow rate and capacity of each labor resource are reciprocal because they work together in a process unit.