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gregori [183]
4 years ago
12

Many new restaurants have opened in Collegetown in recent years. Given this change in supply, what type of demand would result i

n a larger drop in prices for restaurant meals?
Business
1 answer:
Darina [25.2K]4 years ago
7 0

Answer: Inelastic demand

Explanation:

When new restaurants have opened in College town in recent years, the supply for restaurant meals increase. This will lead to a rightward shift in the supply curve for restaurant meals leading to a fall in the price and an increase in the quantity. The fall in price will be larger the more inelastic demand is.  When demand is more elastic then a fall in price will be less when supply increases.

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entrepreneurs are usually self-motivated and self-confident and they love a challenge.would you describe yourself this way?brain
tekilochka [14]

Answer:yes

Explanation:

6 0
4 years ago
Read 2 more answers
Colson Inc. declared a $240,000 cash dividend. It currently has 9,000 shares of 7%, $100 par value cumulative preferred stock ou
sineoko [7]

Answer:

Option (a) $114,000

Explanation:

Data provided in the question:

Dividend declared = $240,000

Shares outstanding = 9,000

Interest = 7%

Now,

Value of share = $100 × 9,000

= $900,000

Dividend to Preference Stock Holders Arrears = 7% of Value of share

= 0.07 × $900,000

= $63,000

Dividend to Preference Stock Holders = $63,000

Therefore,

Dividend to Common Stock Holders

= $240,000 - $63,000 - $63,000

= $144,000

Option (a) $114,000

8 0
3 years ago
If manufacturing overhead has been underallocated during the period, then which of the following is true?(a) the jobs produced d
Alecsey [184]

Answer:

The correct answer is B: the jobs produced during the period have been under-costed

Explanation:

Giving the following information:

If manufacturing overhead has been under-allocated during the period, then which of the following is true?

(a) the jobs produced during the period have been over-costed

(b) the jobs produced during the period have been under-costed

(c) the jobs produced during the period have been costed correctly

(d) none of the above

When manufacturing overhead has been under-allocated means that the actual costs incurred where superior that the estimated cost for the period.

7 0
3 years ago
I was working on a trading desk. One year, my team did not make its number, which meant no bonuses and maybe even some of us wou
Elodia [21]

The ethics trap that is faced here would be contemplating to accept the reallocation because rejecting it may mean trouble and even lead to a lose of our jobs.

<h3>What is meant by ethical trap?</h3>

This is the term that has to do with the circumstances that may lead an individual to do away with the core values and the principles that they have. The trap here is that I may lose my job or may not have any bonus but accepting is going against the ethics and the values that I may hold special.

What should have been in this situation would have been to come clean in the first place so as to avoid going against ethics and the principles of the profession. The best way to do this would be to go to the head of division and explain the situation at hand to him.

Hence we can say that The ethics trap that is faced here would be contemplating to accept the reallocation because rejecting it may mean trouble and even lead to a lose of our jobs.

Read more on ethics here:

brainly.com/question/13969108

#SPJ1

6 0
2 years ago
Green Gardens sells gardening and landscaping goods and equipment. The marketing department places an unmanned machine in the st
swat32

Questions:

Green Gardens sells gardening and landscaping goods and equipment. The marketing department places an unmanned machine in the store with touchscreen technology to provide product information. Consumers can use this machine to learn about the company’s products and services. The company’s marketing form is best referred to as ________ marketing.

A) kiosk

B) mobile

C) telephone

D) interactive

E) personalized

Answer:

The correct answer is A) Kiosk

Explanation:

A kiosk refers to a small, temporary, stand-alone booth used in high-traffic areas for marketing purposes.

They may be found in the walkways of shopping malls. They may or may not be manned by individuals who sell a product or service—anything from toys and hair-care products to insurance or credit cards.

Some, in fact, are electronic, providing consumers with a self-service-style experience.

Types of Kiosks

  • Employment Kiosks
  • Health Care Kiosks
  • Photo Kiosks
  • Food Service Kiosks

In an effort to make more efficient the process of taking food orders, some restaurants install self-service kiosks. Customers can follow interactive prompts to select their meal and customize their order. The kiosks usually accept credit or debit cards, eliminating the need for a human cashier.

Another example of a widely used Kiosk is an ATM Machine.

Cheers!

7 0
4 years ago
Read 2 more answers
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