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Troyanec [42]
3 years ago
13

Alex receives a raise at work and continues to work the same number of hours each week. what is the most likely way that his dem

and for $3 t-shirts, which he considers an inferior good, change?
Business
2 answers:
seropon [69]3 years ago
5 0

Answer:

It will decrease

Explanation:

Murljashka [212]3 years ago
3 0

An inferior good is a type of welfare whose demand decreases when consumer income increases or demand increases when consumer income decreases. Therefore, if a consumer considers shirts to be inferior goods, the way he will stop consuming it will be when there is a real increase in his income.

In the case narrated, Alex had an increase in salary and remained working for the same number of hours. This means that with the same job, he will have a higher income, meaning there was a real increase in Alex's income. If he considers the $ 3 shirts a much lower asset, he will lessen the demand for it.

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Coca-Cola acquired its bottlers and created a national vertically integrated business operation in 2010. After spending 12.3 bil
KiRa [710]

Coca-Cola acquired its bottlers and created a national vertically integrated business operation in 2010. After spending 12.3 billion USD to acquire Coca-Cola Enterprises, its largest bottling partner, it reversed course in 2015 and sold off all its bottling operations. This is an example of a <u>failed diversification effort</u>.

<u>Explanation</u>:

Diversification efforts are taken by the organizations to achieve desired outcomes but sometimes they fail in it. The following are the reason for failure of diversification effort:

- failing to integrate acquisitions

- unable to understand how the acquired organization’s assets would fit with their own lines of business

- paying high premium for the target's common stock

- not acting in best interest of shareholders

The diversification strategy is adopted by many organizations to develop its business. In the above scenario, Coca-Cola Enterprises adopted diversification effort but failed in it.

8 0
3 years ago
Who is better off: a person using credit cards or a person refraining from any loans?
PIT_PIT [208]
<span>Who is better off: a person using credit cards or a person refraining from any loans? A person using credit cards is better off </span>from a person refraining from any loans. A person using credit can often purchase more and have more flexibility with their money over someone who only uses cash. There are items and services that do not take cash as a form of payment, so without a credit card the person can not make the purchase. 
3 0
3 years ago
Career cluster help identify the knowledge and skills needed to;
labwork [276]
C. follow a pathway toward a career goal.

Hope that helped :)
6 0
3 years ago
Read 2 more answers
A production function is a relationship between:____.a. inputs and profit. b. inputs and quantity of output. c. inputs and reven
Dahasolnce [82]

Answer:

b. inputs and quantity of output

Explanation:

A production function is a relationship between inputs and the quantity of output. In other words, it is the entire production process that goes into creating a product. This includes the specific materials that need to be inputted into the process in order for the output to be exactly as needed in order for the product to come out as desired and the right quantity. Thus, creating a relationship between input and output

4 0
3 years ago
Describe key services that the financial system provides to savers. Question 17 options: Economies of scale of information Risk
jeka57 [31]

The answer is all of the above.

Risk sharing, liquidity, and knowledge are the three main services that the financial system offers to both savers and borrowers.

First, people seek steady returns on their holdings.

Investors often maintain a portfolio, or collection of assets, that offers generally consistent returns (diversification).

Risk is a measure of how unpredictable the return on an asset is.

Liquidity is a measure of an asset's ease of movement to be transformed into cash.

In financial markets, the information contains facts about borrowers and expectations of returns on financial assets.

Key Services of the Financial System:

  • Effective Payment System
  • Intermediary to Investors and Borrowers
  • Sharing of Economic Financial Risk
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Hence, key services that the financial system provides to savers include all of the above.

Learn more about financial market:

brainly.com/question/690070

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2 years ago
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