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True [87]
3 years ago
14

At a price of $15 each, Marta buys 4 books per month. When the price increases to $20, Marta buys 3 books per month. Luz says th

at Marta's demand for books has decreased. Is Luz correct? Question 36 options: Yes, Luz is correct. No, Luz is incorrect. Marta's demand has increased. No, Luz is incorrect. Marta's quantity demanded has decreased, but her demand has stayed the same. No, Luz is incorrect. Marta's quantity demanded has increased, but her demand has stayed the same. No, Luz is incorrect. Marta's quantity demanded has decreased and her demand has increased.
Business
1 answer:
Lapatulllka [165]3 years ago
4 0

Answer:

No, Luz is incorrect. Marta's quantity demanded has decreased, but her demand has stayed the same.

Explanation:

For $15 per book, the quantity demanded was 4 books per month.

When the price increases to $20 per book, the quantity demanded fell to 3 books per month.

This shows a decrease in the quantity demanded. A change in demand occurs when the price is constant and quantity demanded changes because of change in other factors. But here the other factors are constant and the quantity demanded is changing due to a change in price.

So, Luz's statement here is incorrect.

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MAXImum [283]

Answer:

1/10

Explanation:

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8 0
3 years ago
Duane has a small woodworking business and saves the money for college. He stores his tools in his apartment. Duane would like t
kkurt [141]

Answer:

a. he will not have as much money for college classes, because he will have to pay for the trailer and its maintenance.

Explanation:

The statement that would best complete the chart, is that he will not have as much money for college classes, because he will have to pay for the trailer and its maintenance.

<em>This is the best statement because one of the major principles of Cost Benefit Analysis is that  there has to be a Defining of a particular study area which implies that – </em><em><u>The impact of a project should be defined for a particular study area</u></em>

<em><u>The option clearly states that the project of purchasing the truck will impact on the college studies of Duane</u></em>

4 0
3 years ago
Ivanhoe Company purchased $1600000 of 10% bonds of Scott Company on January 1, 2021, paying $1506375. The bonds mature January 1
zlopas [31]

Answer:

The increase in debt investments is  $2,850.63  

Explanation:

The company would increase its debt investment by the  difference between the interest revenue and the coupon payment made by Scott Company.

The interest revenue is calculated by multiplying the semi-annual effective yield by the carrying value of the investments which is $1,506,375.

The face value of the bond of $1600,000 is multiplied by the semi-annual coupon rate

Increase in investment=($1506375*11%/2)-($1,600,000*10%/2)=$2,850.63  

6 0
4 years ago
Selma Inc. is comparing several alternative capital budgeting projects as shown below:ProjectsA B CInitial investment $80,000 $1
quester [9]

Answer:

The rank will be  

1.Project C

2.Project A

3.Project B

Explanation:

The profitability index formula is

(NPV + Initial investment) ÷ Initial Investment

We have to get this index for each project

Project A ($80,000+90,000)÷ $80,000=2. 125

Project B ($120,000+ 110,000)÷ $120,00 =1.916

Project C ($160,000+ 200,000)÷$160,000 =2.25

The higher profitability index is from Project C,  then Project A and finally Project B

4 0
3 years ago
A firm that is pursuing _____ strategy is simultaneously trying to achieve low costs through location economies, economies of sc
vitfil [10]

Answer:

Transnational

Explanation:

A transnational procedure is a lot of arranged activities characterised by an organisation to have tasks in business sectors abroad. This term applies to the strategies and structures that enable a firm to start and keep up capacities in outside nations while protecting focal coordination at one explicit area. This particular strategy is applied by the company to achieve economist of scale and economise.

6 0
3 years ago
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