1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Gemiola [76]
3 years ago
6

You're an entrepreneur and had a great idea to sell shoes that have springs installed in them to make walking easier. However, t

he development costs were so high that the shoes are priced 15 times higher than shoes without springs. As a result, many of the shoes have gone unsold. What possible event could eliminate the disequilibrium in the market for shoes?
A. A study reveals that shoes with a spring can increase the chance of a broken leg.
B. There is an increase in income and "spring shoes" are a normal good.
C. There is an increase in income and "spring shoes" are an inferior good.
D. There is a decrease in the price of rubber, which is an input in the production of shoes.
B. There is an increase in income and "spring shoes" are a normal good.
Business
1 answer:
TiliK225 [7]3 years ago
6 0

Answer:

B. There is an increase in income and "spring shoes" are a normal good.

Explanation:

To eliminate the disequilibrium in the market for shoes, spring shoes firstly needs to be seen as a normal product because if it is seen an inferior product then as people's Income rises they woudnt want to buy inferior products because they have the income to buy normal products. As people income rises, since spring shoes is seen as a normal product, then people will buy springshoes

You might be interested in
issues new bonds to fund an acquisition. The face value of the bond is $100 and annual coupon is 6.5%. Further, this bond mature
grandymaker [24]

Answer:

KJ Pharma Corporation

KJ Pharma's after-tax cost of debt is:

= 4.55%.

Explanation:

a) Data and Calculations:

Face value of the bond = $100

Annual coupon rate (cost of debt) = 6.5%

Maturity period of bond = 20 years

Tax rate = 30%

After-Tax Cost of Debt = 6.5 (1 - 0.3)

= 4.55%

b) KJ Pharma's after-tax cost of debt is the interest paid on the bond less any income tax savings accounted for as deductible interest expenses. To calculate the after-tax cost of debt, KJ subtracts the company's effective tax rate from 1 and multiplies the difference by its cost of debt.

7 0
2 years ago
Sidwan, owner of Jacuzzi Warehouse, said, "We have to focus on our customers and how we can beat the competition, so we have to
hjlf

Answer:

The remaining part of the question is:

A) clan culture.

B) goal-driven agenda.

C) adhocracy culture.

D) market culture.

E) focused approach.

Correct Answer:

D) <u>market culture. </u>

<u></u>

Explanation:

His suggestion of his research and development team to develop innovative products for the emerging changes in markets for his customers shows that, Jacuzzi Warehouse has a market culture.

5 0
3 years ago
Acton Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its m
STALIN [3.7K]

Answer:

Acton Corporation

The overhead for the year was:

$1,208 overapplied

Explanation:

a) Data and Calculations:

Estimated manufacturing overhead $361,260

Estimated machine-hours 2,700

Predetermined overhead rate = $361,260/2,700 = $13.38

Actual manufacturing overhead $354,700

Actual machine-hours 2,660

Overhead applied = Actual machine hours * Predetermined overhead rate

= 2,660 * $13.38

= $355,908

Overapplied overhead = Overhead applied minus Actual overhead

= $355,908 - $354,700

= $1,208

6 0
3 years ago
At your workplace, you have been asked to give a presentation to your co-workers regarding their retirement options. Write a spe
3241004551 [841]

Answer:

Greetings, fellow companions. Today I want to talk to you about preparing for the future, for retirement, or anything else in your lives. Please listen carefully as we might save money, but not plan our life. The first factor that makes planning our future so important is that we all have things we want to do in our lives, but not having a strategy separate us from reaching our goals. The second factor that makes me talk about this is that majority of us are not prepared for what the future might have for us. Therefore we need to reduce our risks and our exposure to the events that are most likely going to be part of our life, like paying for our children's college or building a family business. Therefore, I invite you to plan your future, because if we don't do it. We are not going to be able to accomplish our goals.

Explanation:

The reasons backing my answer are that in the first place planning for the future is not very common, even though when we have savings accounts or retirement funds accounts. However, that is only a part of the whole process. Because we might not have seen the full picture to know exactly what are our requires steps to accomplish our goals. For example, if we want a strawberry farm that could provide money for our family, and their children we need to have the land, the knowledge, and the plans to develop our goal. Because if we only save and leave the planning for later. We might overwait, and when never take the first step. What would be the case if a strawberry farm would cost only fifty thousand dollars, and we keep working until we have five hundred thousand. We might have more money but we would have no plan, and we might have time past so far that we might help the children with the farm.

7 0
3 years ago
Economic efficiency is defined as a market outcome in which the marginal benefit to consumers of the last unit produced is equal
nataly862011 [7]

Answer: true

Explanation:

Economic efficiency implies an economic state in which every resource is optimally allocated to serve each individual in the best way while minimizing waste and inefficiency.

7 0
3 years ago
Other questions:
  • Why haven't the changes to campaign finance laws passed in 2002 been effective in stopping the flow of soft money?
    13·2 answers
  • In a 1960s movie, an heiress sends out thousands of letters to shareholders in an attempt to have them vote for her and for the
    5·1 answer
  • In 2011 oil production in Libya was interrupted by political unrest. At the same time, the demand for oil by China continued to
    8·1 answer
  • Your parents have accumulated a $120,000 nest egg. They have been planning to use this money to pay college costs to be incurred
    14·1 answer
  • What is a promotional strategy?
    9·2 answers
  • In the​ swim-lane format of a business process​ model, all​ _______ for a role are included in that​ role's swim-lane.
    9·1 answer
  • Afghntyjnytnjtyjnmtymtumtumumyumyumjm
    10·1 answer
  • Tools can be used safely for jobs that they were not designed to do. True or False
    8·2 answers
  • As is the case within all service organizations, employees at Wegmans develop a perception of the company’s service practices an
    11·1 answer
  • During January, 7,175 direct labor hours were worked at a standard cost of $20 per hour. If the direct labor rate variance for J
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!