Answer:
The statement which is true about price war is A) firms that have to deal with the possibility of price often have sticky prices.
Explanation:
A price war can be defined as a situation where two or more firms compete with each other over the prices of goods and service by reducing their prices to earn profit or gain or maintain market share.
Sticky prices also called as price stickiness , it is a situation where prices of goods and services doesn't change quickly when there are shifts in demand and supply curve.
Statement A is true because firms that are engaged in wars have sticky prices because they don't want to change their prices more often or too low such that they start losing market share or incurring losses.
<span>The answer is
number 1, conspicuous consumption. It is the acquisition of goods or services
for the particular purpose of displaying one's wealth. Conspicuous consumption
is a means to display one's social status, especially when the goods and
services publicly displayed are too expensive for other members of a person's
class. This kind of consumption is characteristically associated with the
wealthy but can also relate to any economic class. The concept of consumerism
stems from conspicuous consumption.</span>
Answer: I, II & III
Explanation:
In a typical underwriting arrangement, the investment-banking firm;
I) sells shares to the public via an underwriting syndicate.
II) purchases the securities from the issuing company.
III) assumes the full risk that the shares may not be sold at the offering price.
Answer:
Wage rate is $5
Explanation:
The marginal utility of money=marginal utility of leisure/wage rate
When the formula is rearranged,wage rate is given thus:
wage rate=marginal utility of leisure/marginal utility of money
wage rate=15/3
wage rate =$5
In other words, the correct option is C,wage rate is $5
Option D would have been correct if the requirement was to calculate marinal utility of leisure
Horizontal analysis is a technique for evaluating financial statement data over a period of time
.
Option a
<u>Explanation:
</u>
Horizontal analyzes are a technique for the assessment of the amount and/or proportion increase or decrease of a number of financial statements over an amount of time 9. The method in which financial data are analyzed and modified in alternate behaviour
Horizontal analysis (also referred to as statistical analysis) is a financial analysis method, which indicates improvements within a certain period of time in the sum of the accompanying financial statements.
This is a valuable tool for determining patterns. The declarations are used in horizontal analysis for two or even more periods.