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jok3333 [9.3K]
3 years ago
6

Consider the following scenarios. Determine whether each of the following would generate a substitution effect, an income (wealt

h) effect, or both. Explain (focus explicitly on changes in relative prices and/or changes in opportunities). • The price of a bag of Doritos rises by $1.00. • You receive $1000.00 from your rich uncle. • Your sister receives a 10 percent decrease in her wage.
Business
1 answer:
Mariulka [41]3 years ago
4 0

Answer:

a) subtitution effecrt as the opportunity cost for consuming Doritos increased therefore, a portion of the demand in this market will steer into other like Lays.

b) wealth effect the consumption will increase as we are given an extraordinary income

c) income effect. As the income decrease, the consumer preferences may lead to consume inferior good rather than normal good or normal goods and cut-off luxury goods.

Explanation:

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joja [24]

Answer: Marketing channel system.

Explanation:

Sammy's fast-food is focused on creating the best marketing channel system for their products consumers. Marketing channel system are the individuals and activities involved in the transfer of possession of goods from manufacturer to consumer.

7 0
3 years ago
Certain trends in the recent past have changed the way that businesses are managed and controlled. Four important recent busines
Stolb23 [73]

Answer:

b. Companies are benefiting from e-commerce by buying and selling their products and services to consumers online.

Explanation:

This is the example that shows the pure application of IT in business. E-commerce platforms are something every business that has an online presence has in common. Although businesses can differ by industry or niche, e-commerce is a common information technology trend.

The A. answer may indicate that it is IT related, but it is actually more related to globalization and outsourcing.

4 0
4 years ago
The financial statements of New World, Inc., provide the following information for the current year: Dec.31 Jan.1Accounts receiv
pashok25 [27]

Answer:

A $3066000

Explanation:

The formula for cash received from customers is: opening receivables+net sales-closing receivables.

The rationale behind the formula is that opening receivables would have turned cash by year end since current asset last one year maximum.

=$241500+$3097500-$273000

=$3066000

3 0
4 years ago
sales of $1.67 million, cost of goods sold of $810,800, depreciation expenses of $175,000, and interest expenses of $89,575. Ass
Hunter-Best [27]

Answer:

Net income= 561,506.25

Explanation:

Giving the following information:

sales of $1.67 million, cost of goods sold of $810,800, depreciation expenses of $175,000, and interest expenses of $89,575.

Tax= 35 percent

We need to determine the net income.

Sales= 1,670,000

COGS= (810,800)

Gross profit= 859,200

Depresiation= (175,000)

Interest= (89,575)

EBT= 594,625

Tax= (594,625*0.35)= (208,118.75)

Depreciation= 175,000

Net income= 561,506.25

5 0
3 years ago
EDRright is a multinational company that primarily provides course materials for some of the largest schools and universities in
Firdavs [7]

Answer:

Option B                  

Explanation:

Job satisfaction as well as employee satisfaction refers to the measure of employee satisfaction towards their work, if they like the position or specific elements or dimensions of the position, including the demands of the job or oversight.

Job satisfaction throughout the intellectual, effective, and behavioral dimensions can be assessed. The measurement of employee satisfaction via confidential employee polls became popular in the 1930s. While research in employee perceptions had begun prior to that point, only a number of research were released.

5 0
4 years ago
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