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
Liula [17]
4 years ago
9

Steve went to his favorite hamburger restaurant with $3, expecting to buy a $2 hamburger and a $1 soda. When he arrived, he disc

overed that hamburgers were on sale for $1 each, so Steve bought two hamburgers and a soda. Steve's response to the decrease in the price of hamburgers is best explained by
Business
1 answer:
Tcecarenko [31]4 years ago
7 0

Answer:

The income effect

Explanation:

The income effect refers to an increase in the purchasing power of customers simply because the products or services that they want to buy are cheaper. Since the price of the products or services decreases, the customers are able to purchase a higher quantity of them.

You might be interested in
Use the Internet to research different outside financing sources available to entrepreneurs. You will need to have at least thre
Scrat [10]

Answer:

Three sources of financing to a business includes;

1) Angels (National Angel Capital Organization, NACO)

Wealthy and experienced retired industry leaders, that invest in startups, require transparency, and take charge of the supervision of the business management practices

2) Business Accelerator or Incubators (MaRS; MaRS Discovery District)

An incubator provide enabling environment and resources for startups to develop ideas before going into production

3) Bank Loans (Business Development Bank of Canada, BDC)

Bank provide loans to startup with a good idea and an accompanying excellent business plan, and personal guarantee

Explanation:

8 0
3 years ago
Classic Limo, Inc. provides limousine service to Tri-Cities airport. The price of the service is fixed at a flat rate for each t
Illusion [34]

Answer:

1) See the attached excel file for the analysis of the possible operating income for Classic Limo, Inc.

2) The scenario with the highest operating profit $280,500 which is Excellent with $40 Contribution Margin and 10,500 Numbers of Customers.

Explanation:

1) Using the above information, construct an Excel spreadsheet to prepare an analysis of the possible operating income for Classic Limo, Inc.

Note: See the attached excel file for the analysis of the possible operating income for Classic Limo, Inc.

2) If you were manager of Classic Limo, Inc. and had to choose only one budget scenario to use for planning for the year, which one of the nine scenarios would you choose?

The scenario that would be chosen is the scenario with the highest operating profit $280,500 which is Excellent with $40 Contribution Margin and 10,500 Numbers of Customers.

Download xlsx
4 0
3 years ago
A researcher examining the effects of an experimental surgery on epilepsy randomly assigns epileptic patients to three different
sergey [27]
The answer to this question is the "WAIT-LIST CONTROL". When a  researcher is examining the effects of an experimental surgery on epilepsy randomly assigns epileptic patients to three different conditions. The first condition is that the participants receive the surgery. The second condition is that the patients receive the medication while third condition, the patients receive the surgery one month after the other group of patients. The third group of patients who need to wait for another one month is in the WAIT-LIST CONTROL and can only be accommodated after the other group is done.
6 0
3 years ago
The national pork board of the united states wants to create more consumer demand for pork products. the board decides on how to
AleksAgata [21]
Teheheheehhehehehehehheehhehehehehe
5 0
4 years ago
Read 2 more answers
How does the rate of P2P amongst millennials compare to that of all survey participants? Why do you think millennial usage is so
timurjin [86]

Answer:

Following are the solution to this question:

Explanation:

Millennials are an essential target demographic for the product businesses and constitute a significant portion of the population. Although many citizens have become unemployed and encumbered by student loan debt, millennia will likely become wealthier over the period but are an important market both for marketers and brand stores.

The P2P millennial has a wide pool of friends or associates and has a space of practice and use comparison with one another.

4 0
3 years ago
Other questions:
  • Jeremy owns his own business and has excellent management skills. he is very detail-oriented, organized, knows how to follow a s
    13·2 answers
  • Perhaps the most successful government agency during this time was the food administration run by
    7·1 answer
  • What is the defintion of liquidity ​
    9·2 answers
  • With a global strategy for conducting business internationally, a company competes primarily ________.
    12·1 answer
  • How does real fingerprint analysis differ from the fingerprint analysis shown on television programs such as CSI?
    8·2 answers
  • Not recording the prepaid rent used causes? A.expenses to be too high b. Revenue to be too high c. Assets to be too high d. Asse
    13·2 answers
  • John gives up a shift at work so he can go to Universal with a friend. He spends $150 at Universal. He would have earned $220 du
    7·1 answer
  • The following transactions occurred during March 2018 for the Wainwright Corporation.
    13·1 answer
  • "The owner of an apartment complex hired a broker to rent six of the units. The owner further requested that the broker do every
    12·1 answer
  • Using the sequential method, Pone Hill Company allocates Janitorial Department costs based on square footage serviced. It alloca
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!