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2 years ago

What is it called where consumers react to rising prices by consuming less of a good and more of it's competitors?

Business

1 answer:

adelina 88 [10]2 years ago

6 0

Answer:

Substitute Effect

Explanation:

When a product's price increases, it becomes relatively expensive compared to its alternatives. The high price will encourage consumers to choose other goods that are relatively cheaper. Consequently, the price increase reduces the demand for the product while increases the demand for its substitutes.

The substitution effect describes how consumption is affected by an increase or a decrease in a product's price.

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Increased flexibility in scheduling has become an important benefit for employers to offer because of: multiple select question.

Llana [10]

The Increased flexibility in scheduling has become an important benefit for employers to offer because of increase in single parent homes and the increase in two-income families.

<h3>What is the meaning of Scheduling ?</h3>

In a production process or manufacturing process, scheduling is the process of organizing, managing, and optimizing work and workloads.

Scheduling is used to distribute resources for equipment and buildings, prepare for human resources, organize work processes, and buy goods.

The flexible schedule must be prepared for the single parent homes and also for the two income families by the employers.

Learn more about employers here:

brainly.com/question/2001789

#SPJ1

7 0

2 years ago

Tatum Company has four products in its inventory. Information about the December 31, 2021, inventory is as follows: Product Tota

Alenkinab [10]

Answer:

Tatum Company

1. The carrying value of inventory at December 31, 2021 is:

$342,000

2. Adjusting Journal Entry:

Debit Inventory write-downs $47,000

Credit Inventory $47,000

To record the write-down of inventory value to LCNRV.

Explanation:

a) Data and Calculations:

Product Total Cost Total Net Reali- LCNRV Write-downs

zable Value

101 $ 154,000 $ 117,000 $ 117,000 $ 37,000

102 111,000 127,000 111,000 0

103 77,000 67,000 67,000 10,000

104 47,000 67,000 47,000 0

Total $ 389,000 $ 378,000 $ 342,000 $ 47,000

7 0

2 years ago

Macrosoft Company reports net income of $61,000. The accounting records reveal depreciation expense of $76,000 as well as increa

melamori03 [73]

Answer:

Cashflow from Operating Activities $

Net income 61,000

Add: items not involving movement of cash

Depreciation <u>76,000</u>

137,000

Changes in working capital:

Increase in prepaid rent (56,000)

Increase in accounts payable <u>11,000</u>

92,000

Less: Tax <u> 16,000</u>

Cashflow from operating activities <u> 76,000</u>

Explanation:

Cashflow from operaing activities using the indirect method equals net income plus depreciation minus increase in prepaid rent plus increase in accounts payable minus tax.

4 0

3 years ago

Suppose electricity generates a negative externality in production. If so, then ____

garik1379 [7]

Answer:

The correct answer is option A.

Explanation:

A negative externality refers to the situation when the cost of production is borne by a third party which is not involved in the production process.

In case there is a negative externality present, the marginal social cost will be greater than the marginal private cost. The competitive price will be lower than the socially optimal price.

Since a third party partially bears the cost, the producer will be able to produce more than the optimal level. There will be a deadweight loss of social welfare.

3 0

3 years ago

Deposits other than customer payments are entered using: Multiple Choice Receive Payments Pay Bills Bank Deposit All of these ch

Alekssandra [29.7K]

Answer: Bank Deposit

Explanation:

This relates to QuickBooks Online which is an accounting service that is provided to many small and medium size enterprises to help them with their accounts. It is very effective and easy to use.

When it comes to deposits other than customer payments, the relevant feature to use is the Bank deposit feature which can be found in the banking tab. You bank account can be linked to QuickBooks which would then update the your account when a bank deposit has been made.

4 0

2 years ago