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Jet001 [13]
3 years ago
15

Currently you purchase ten frozen pizza per month. You will graduate from college in December, and you will start a new (high-pa

ying) job in January. You have no plans to purchase frozen pizzas in January. For you, frozen pizzas are a(n)
Business
1 answer:
bogdanovich [222]3 years ago
7 0

Answer:

Inferior good

Explanation:

Inferior goods are those type or the kind of goods whose demand falls or decline when the income of the person or customer or individual rises or increases.

In short, the demand of the inferior goods is related inversely to the customer or person income.

So, in this case, the person bought 10 frozen pizzas per month, but when the person start earning, then the person would not buy the frozen pizzas. The frozen pizza will be inferior good for the person as the income of the person will rise.

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Suppose a firm in a competitive market earned $3,000 in total revenue and had a marginal revenue of $30 for the last unit produc
Vera_Pavlovna [14]

Answer:

100 units were sold at $30 per unit

Explanation:

theoretically, in a perfect competition market, the price of a good = marginal revenue = marginal cost. Also, the market sets the price, not the individual firm.

If total revenue = $3,000 and marginal revenue per unit = $30, then we can assume that the sales price of each unit was $30, therefore, they sold $3,000 / $30 = 100 units.

3 0
3 years ago
Which of the following describes the product portfolio under Amina? a. Sleekline-question mark, Stallion-star, Thunderbird-cash
Serhud [2]

Complete Question:

Amina Begum the Vice President (Sales) of MGT 460 Inc. manages a portfolio of three products in the computer division. The new Intel M ULV 773 processor-based Sleekline model has a low market share of around 5%, but has just been introduced, and since the market is booming, Amina is hopeful that it will grow into maturity. Stallion, the Xenon-based system, has a market share of 88% in the industry segment it operates in, but the market is stable and not growing too fast. Finally, there is the Pentium 4-based Thunderbird, which only sells in discount markets in rural areas. Which of the following describes the product portfolio under Amina?

A. Sleekline-question mark, Stallion-star, Thunderbird-cash cow

B. Sleekline-question mark, Stallion-cash cow, Thunderbird- dog

C. Sleekline-Star, Stallion-cash cow, Thunderbird-dog

D. Sleekline-question mark, Stallion-dog, Thunderbird-cash cow

Answer:

Option B. Sleekline - Question mark, Stallion - cash cow, Thunderbird - dog

Explanation:

The Boston Consulting Group matrix says that question mark is the business unit that has just been introduced and the future of the company is unknown which is the case of Sleekline.

The Cash Cow is the company has significant market share and its growth is static due to the maturity phase of the market which is the case of Stallion.

The Dog is the company that has declining market share and will be out of the market because they don't have significant resources as well and in this question the Thunderbird is the one with falling sales and lower resources due to the fall in the resources.

6 0
3 years ago
Read 2 more answers
Chandler Sporting Goods produces baseball and football equipment and lines of clothing. This year the company had cash and marke
Lapatulllka [165]

Answer:

The company's net working capital is $2123612

Explanation:

Working Capital

Current Assets:

Cash & marketable securities worth  $335,485

Inventory of                                          $1,651,599

Accounts receivables                          $1,488,121

Other current assets                            <u>$121,427</u>

Total Current Asset                                                     $3,596,632

Less:

Current Liabilities:

Accounts payable worth                       $1,159,357

Short-term notes payable worth           $313,663

Total Current Liabilities                                               <u>$1,473,020</u>

Net Working Capital                                                    <u>$2,123,612</u>

7 0
3 years ago
Gross Earnings are the same as:
meriva
Gross income, or gross profit I think
8 0
3 years ago
The discount rate is the: multiple choice 1 interest rate at which banks can borrow reserves from other banks. lowest interest r
Reil [10]

Answer:

a. The discount rate is the

  • interest rate at which banks can borrow reserves from the Federal Reserve.

The discount rate is the interest rate that the FED charges commercial banks, credit unions, or other financial institutions for lending them money.

b. If the Fed were to decrease the discount rate, banks will borrow

  • more reserves, causing an increase in lending and the money supply.

Lowering the discount rate is considered part of an expansionary monetary policy since banks will borrow more money and lend more money to the public, increasing the money supply.

7 0
3 years ago
Read 2 more answers
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