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solmaris [256]
3 years ago
13

Joni wants to know how much a pedicure cost back in 1954, when her grandmother was her age. The Consumer Price Index (CPI) in 19

54 was 26.7 and is 245.9 this year. A pedicure costs $ 45 today. Round your answer to the nearest penny.
Business
1 answer:
ohaa [14]3 years ago
4 0

Answer:

The price of pedicure in 1954 = $4.89

Explanation:

The price of pedicure in 1954 = (CPI in 1954 ÷ CPI this year) × Price today = (26.7/245.9) * $45 = $4.89

Therefore, a pedicure cost $4.89 back in 1954.

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A certain production possibilities frontier shows production possibilities for two goods, jewelry and clothing. Which of the fol
ankoles [38]

Answer:

Correct option is A

“The flow of dollars between sellers of jewelry and clothing and buyers of jewelry and clothing” is the correct option  

Explanation

It is a curve which shows various combination for the amount of two goods among which they can be produced with in the given available resources. Thus, it shows that the maximum amount of output is produced with the help of given resource.  

4 0
4 years ago
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Suppose you were writing a social media plan for Two Scoops, with two objectives: to improve brand awareness in new markets and
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The competitive environment and consideration set themselves are further quantitative metrics of brand awareness. You can accomplish this by outlining your brand and the brands of your rivals, then asking people to rate their familiarity with each brand on a qualitative scale ranging from "well known" to "totally unknown."

<h2>What is the role of quantitative research?</h2>
  • Quantitative research is beneficial since it offers precise numbers for comparison and referencing. We occasionally collaborate with Research, a California-based market research company, to assist us in designing and putting into practice quantitative research tactics since we have faith in their knowledge in this field.
  • We can confidently identify trends, quantify feelings and behaviors, and comprehend the perception of a destination brand based on information from a representative sample of the area's population by conducting statistically accurate, multi-modal surveys (or a regional population if doing competitive or key market research).
<h2>What is the role of qualitative research?</h2>
  • Comparatively, qualitative research is far more subtle. Instead of stating an actual reality, it "summarizes and infers." Qualitative research sheds light on the history of your brand and the people it stands for, while quantitative research serves the purpose of giving you the hard data you need to support your decisions.

Learn  more about Qualitative research at <u><em>brainly.com/question/13498255?referrer=searchResults</em></u>

#SJP4

3 0
3 years ago
Louis stepped off the train on his way home from work one evening to see Express Mobile employees leading a large number of comm
SpyIntel [72]

Answer:

This is an example of guerilla marketing.

Explanation:

3 0
2 years ago
A principal objection to the straight-line method of depreciation is that it...(a)provides for the declining productivity of an
enot [183]

Answer: Option B

Explanation: Under the straight line method of depreciation, the value of the asset is divided equally to its useful life. It is computed as follows :-

=\:\frac{Cost\:-salavge\:value}{useful\:life}

NOW,

A. Straight line method as per the above equation provides for equal productivity.

B. Dividing the usefulness equally results in ignorance of change in the rate of asset use as the asset may be used less initially but more in later years.

C. As the expense from the method remains same and the actual value of the asset diminishes it results in higher rate of return.

D. Decreasing charge method charge depreciation on written down value whereas straight line charges t initial cost thus it gives higher write offs than decreasing charge.

6 0
3 years ago
What will happen to the equilibrium price of new textbooks if more students attend college, paper becomes cheaper, textbook auth
denpristay [2]

Answer:

The equilibrium may increase, decrease or remain the same.

Explanation:

If more students attend college they will need textbooks, so the demand for textbooks will increase. This will cause the demand curve to shift to the right.  

At the same time, as paper becomes cheaper, the cost of producing textbooks will get reduced. This will increase the supply of new textbooks. This increase in supply will cause the supply curve to shift to the right.  

If textbook authors accept lower royalties the cost of production for textbooks will decrease, so the supply will increase.  

If fewer old textbooks are sold, the demand for new textbooks will increase.  

This increase in both demand and supply of textbooks will increase the equilibrium quantity of textbooks. But the change in equilibrium price depends on the proportionate change in demand and supply.  

If both demand and supply increase by the same proportion, the equilibrium price will remain the same.  

If demand increases more than the supply, the equilibrium price will increase.  

If supply increases more than demand, the equilibrium price will fall.

6 0
3 years ago
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