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Gekata [30.6K]
3 years ago
14

If a tax on unhealthy food items like soda and candy bars causes people to purchase less of these items and eat more healthful a

lternatives. Which principle of economics does this illustrate?
A) Rational people think at the margin.B) The cost of something is what you give up to get it.C) People respond to incentives.D) People face tradeoffs.
Business
1 answer:
White raven [17]3 years ago
8 0

Answer:

The correct answer is C) People respond to incentives.

Explanation:

People respond to incentives is the fourth principle in Economics. For this particular case, adding tax to unhealthy food is a disincentive to buy it and at the same time an incentive to buy healthy food. This happens because incentives make people act, in a positive or negative way towards a certain product, and because <em>rational people</em> use cost and benefit comparisons to buy something.

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A house sold for $950,000 with a sales commission rate of 7.5%. The listing brokerage received 50% of the total commission and t
aleksandrvk [35]

Answer:$14,250

Explanation:

The total commission recieved is

950,000 x 7.5% = $71,250

The listing brokerage and the selling brokerage both received 50% of that sum which is

71,250/2 = $35,625

The Sales person gets 40% of the Selling brokerage's cut which would be

35,625 x 40% = $14,250

8 0
3 years ago
the u.s. department of veterans affairs (va) has undertaken three separate electronic health record system upgrade projects, non
Dovator [93]

The u.s. department of veterans affairs used the waterfall software development approach would likely have benefit  because it offers wide variety to accommodate and collect data.

Software upgradation in an organisation is a bit difficult and managing them individually according to the departments and an integrated software can only accommodate and collect data properly.

The development approach here also signifies a good team of people who can actually apply software development techniques that can easily be used by everyone in the firm.

To learn more about development approach here,

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7 0
8 months ago
Rhonda, a general manager, makes a decision on behalf of the business that leads to some personal financial gains, while the com
noname [10]

Answer:

Conflict of interest .

Explanation:

The scenario depicts a conflict of interest. Rhonda's decision benefits Rhonda at the expense of the company. Rhonda does not fulfill the responsibility to ensure that the company stays profitable, which is a conflict of interest. A conflict of interest, one of the most common ethical issues identified by employees, exists when a person must choose whether to advance his or her own personal interests or those of others.

8 0
2 years ago
The market for college education is perfectly competitive. Over the recent years, costs of equipping and maintaining modern clas
SVETLANKA909090 [29]

Answer:

Equilibrium price increases while the effect on equilibrium quantity is indeterminate.

Explanation:

Due to the higher cost of equipping and maintaining schools, the supply of schools would fall. This would increase the price of schools and the supply would fall.

Increased desire for college education would increase the demand for schools and the price of schools.

Taking the effect of demand and supply together, the equilibrium price would rise and there would be indeterminate effect on quantity

I hope my answer helps you

5 0
3 years ago
Although transaction costs are reasonable, ASI has encountered financial problems with high production costs. Jonathan, a vetera
marshall27 [118]

Answer: B2B

Explanation:

Based on the information given, we can infer that the interaction of the employee with ASI is an example of B2B..

Business-to-business simply means a form of transaction that is done between businesses, such as between a manufacturer and the wholesaler. It doesn't take place between the producer and the consumer.

7 0
2 years ago
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