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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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Which of the following statement(s) is(are) true regarding the selection of a portfolio from those that lie on the capital alloc
Mice21 [21]

Answer:II) More risk-averse investors will invest less in the optimal risky portfolio and more in the risk-free security than less risk-averse investors. III) Investors choose the portfolio that maximizes their expected utility.

Explanation:The capital allocation line is a line created in a graph by investors in an economy to display or identify the potential risks involved in taking risky decisions. This line is one the determining factors to ensure that the investor has adequate knowledge about the risky nature of a capital investment.

Investors generally choose portfolios that guarantee maximum profits with reduced chances of loss. More risk averse investor will choose or opt for less risky portfolio.

4 0
2 years ago
Over time, the average consumer will be better off from reduced trade barriers by ________.
AVprozaik [17]

Answer:

a. greater variety and lower prices

Explanation:

Due to the comparative advantages, countries can produce the product that they have proficiency. For example, if there are 2 countries, A and B. A have a  skill of producing tasty wine, they can produce better quality of wine than B with the lower cost. When the trade barriers are reduced, the wine from A will be sold in B, the customer will have more choices of wine in the market and the price will relatively less different comparing to the price when the high barriers exist.

6 0
3 years ago
The correctly calculated weighted average cost of capital for a firm can be used to discount the cash flows for any new project
mina [271]
I can't help you unless you give me more Information
4 0
3 years ago
Sylvia mused to herself, "It has taken over 30 years, but I've finally been named CEO of a major firm. Now, I can concentrate on
Natasha2012 [34]

Answer:

Strategic.

Explanation:

In Business management, a strategy can be defined as a set of guiding principles, actions and decisions that an organization combines so as to achieve its business goals, attract customers and possess a competitive advantage over its rivals in the industry.

Business strategy sets the overall direction for the business because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan.

A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or an example to the employees working in an organization by being morally upright.

A strategic manager is also referred to as a top-level manager and he or she is mainly focused on setting goals, objectives, and procedures in order to enhance the survival, growth, and overall effectiveness of a business firm.

Hence, Sylvia can concentrate on what she really want to do as a strategic manager, by focusing on the survival, growth, and overall effectiveness of our firm.

5 0
2 years ago
The following is the data for Lauren Enterprises:
vovangra [49]

Answer:

b. $965,000

Explanation:

Calculation of Cost of Goods Manufactured

Particulars                                      Amount

Direct material used                     $265,000

Direct labor                                   $300,000

Factory overhead                         <u>$400,000</u>

Total manufacturing cost           <u>$965,000</u>

8 0
3 years ago
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