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pogonyaev
3 years ago
6

The management at Burgerjoy, a small restaurant, finds that the lower the price of hamburgers, the more hamburgers are sold. Thi

s is an example of _____ relationship between price and number of hamburgers sold. a. positive linear b. negative linear c. curvilinear d. nonlinear
Business
1 answer:
Anika [276]3 years ago
3 0

Answer:

Negative linear

Explanation:

Negative linear is when two variables move in the opposite direction.  Movement by one variable causes the other to move in the opposite direction. Negative linear is similar to an indirect relationship between the variable.  For Bungerjoy, the variables are price and sales of hamburgers.

An observation has been made that if the price of hamburgers decreases, the sales increase. Changes in the price of the hamburgers will result in sales moving in the opposite direction.  Positive linear correction is when two variables move in the same direction.

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The following condensed balance sheet is for the partnership of Hardwick, Saunders, and Ferris, who share profits and losses in
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Answer:

Here the answer is given as follows,

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2 years ago
An increase in the price of gasoline will
Brums [2.3K]

Answer:

Shift the gasoline supply curve to the right.

Explanation:

in economy , A shift to the right in supply curves indicates that the supply of the product  increased, a shift to the left indicates that the supply of the product decreased.

When the price of gasoline increases, the amount of profit that the sellers can obtain by selling the product also increased.  This encouraged them to supply more of that product in the market.

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3 years ago
Suppose the production function in an economy is Y = K0.5L0.5, where K is the amount of capital and L is the amount of labor. Th
maw [93]

Answer:

Therefore new level of output = (64x0.5)*(64.0.5) = 1,024

Explanation:

Suppose the production function in an economy is Y = K0.5L0.5,

where K is the amount of capital and

L is the amount of labor.

The economy begins with 64 units of capital and 16 units of labor.

If a sudden immigration quadruples the size of the population, while the capital stock is unchanged, what is the new level of output?

K remains 64 and L= 16 x 4 = 64

Therefore new level of output = (64x0.5)*(64.0.5) = 1,024

What is the new wage and rental price of capital?

The rental price for capital is expected to remain unchanged because there is no change in the quantity of capital But the wage level is expected to drop because of excess supply due to the immigration boom.

What share of output does labor receive now?

The function remains unchanged in proportion which is 0.5 but in absolute figures it will receive 0.5*1,024 = 512

5 0
3 years ago
In order to take advantage of the high quality talent pool, Ernst & Young sets up operations in the Philippines and moves pa
Dmitriy789 [7]

Answer:

c. Offshoring.

Explanation:

Offshoring is the process by which an organisation relocates some of its business processes to another country. This is done to take gain a competitive advantage or to reduce cost. Operations such as manufacturing and accounting can be moved to another country.

Ernst & Young sets up operations in the Philippines and moves part of its tax services to the new facility to take advantage of the high quality talent pool there.

5 0
3 years ago
Read 2 more answers
The Lagan family bought a $150,000 home in 2002. They obtained a mortgage loan for 30 years. The monthly payments, not including
nikklg [1K]

$172,200 will be paid on the house during last 30 years and Simple Interest is $322,200.

<h3><u>What is Simple Interest?</u></h3>
  • Simple interest is a quick and simple formula for Figuring out how much interest will be charged on a loan.
  • The daily interest rate, the principle, and the number of days between payments are multiplied to calculate simple interest.
  • Although some mortgages employ this calculation approach, this kind of interest typically relates to auto loans or short-term loans.
  • Consumers who pay their loans off on time or ahead of schedule each month benefit from simple interest.
  • Simple interest loans are frequently used for auto loans and short-term personal loans.

Total amount paid = (895)(12)(30) = $322,200

$322,200-$150,000 = $172,200

Know more about Simple Interest with the help of the given link:

brainly.com/question/25845758

#SPJ4

8 0
1 year ago
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