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
Lexigraphic Printing Company is considering replacing a machine that has been used in its factory for four years. Relevant data
jek_recluse [69]

Answer:

Lexigraphic Printing Company

1. Differential Analysis as of April 30:

                                                 Old Machine   New Machine    Difference

Annual revenue                              $74,200          $74,200

Annual depreciation (straight-line)    8,900             19,950  

Annual manufacturing

costs, excluding depreciation        23,600              6,900

Annual nonmanufacturing

operating expenses                         6,100                6,100

Total expenses                            $38,600           $32,950

Annual net income                      $35,600           $41,250         $5,650

Net income for 6 six years        $213,600        $247,500       $33,900

2. Other factors that should be considered are:

B. What effect does the federal income tax have on the decision?

C. What opportunities are available for the use of the $90,000 of funds ($119,700 less $29,700 proceeds from the old machine) that are required to purchase the new machine?

E. Are there any improvements in the quality of work turned out by the new machine?

Explanation:

a) Dat and Calculations:

Old Machine

Cost of machine, 10-year life $89,000

Annual depreciation (straight-line) 8,900

Annual manufacturing costs, excluding depreciation 23,600

Annual nonmanufacturing operating expenses 6,100

Annual revenue 74,200

Current estimated selling price of machine 29,700

New Machine

Purchase price of machine, six-year life $119,700

Annual depreciation (straight-line) 19,950

Estimated annual manufacturing costs, excluding depreciation 6,900

Annual nonmanufacturing operating expenses 6,100

Annual revenue 74,200

Differential Analysis as of April 30:

                                                 Old Machine   New Machine    Difference

Annual revenue                              $74,200          $74,200

Annual depreciation (straight-line)    8,900             19,950  

Annual manufacturing

costs, excluding depreciation        23,600              6,900

Annual nonmanufacturing

operating expenses                         6,100                6,100

Total expenses                            $38,600           $32,950

Annual net income                      $35,600           $41,250         $5,650

Net income for 6 six years        $213,600        $247,500       $33,900

4 0
3 years ago
2)Torres Inc. recently began production of a new product, the halogen light, which required the investment of $600,000 in assets
madreJ [45]

Answer:

The selling price is $99

Explanation:

The selling price of the product can be computed by adding required profit margin to the unit cost of the product.The required profit margin is the 10% return on invested assets.

Total variable cost           $59*10000                =$590,000

Fixed expenses ($180,000+$60,000)               =$240,000

desired profit margin(10%*$600,000)                =$60,000

Total sales revenue                                              =$990,0000

price per unit=$990,000/10000=$99

The cost-plus approach to product pricing gives $99

3 0
3 years ago
World trade organization (wto) member countries account for approximately __________ percent of world trade.
svp [43]
World trade organization member countries account for approximately 80-95% of world trade. Its three main functions are: -Forum for negotiation -Administration -Dispute Settlement To sum it up, World Trade Organization sets the rules, allows countries to talk, and has process for actually resolving problems.
3 0
3 years ago
Weekly demand figures at Hot Pizza are as follows:
garri49 [273]

Answer:

MAD:  10.04,  11.53

MAPSE: 10% ,  12%

MSE : 146.33,  178.72

Bias : -0.56 , -0.96

3-week moving average method is better

Explanation:

i ) Evaluate MAD ( average of absolute errors )

using  3 week moving average

= 10.04

using simple exponential smoothing

= 11.53

ii) MAPSE ( average of absolute percentage error )

using 3 week moving average

= 10%

using simple exponential smoothing

= 12%

iii) MSE ( average of Squared Errors )

3 week MV = 146.33 ,  Simple exponential smoothing = 178.72.

iv) Bias

3 week MV = -5/9 = -0.56,  Simple exponential smoothing = -8.69/9 = -0.96.

v) TS  ( Total error / MAD )

3 week MV = -5 / 10.04 = -0.49 ,

simple exponential smoothing  = -8.69 / 11.53 = -0.75

b) I prefer 3-week moving average based on the values of MAD , MAPE, MSE, bias and TS which shows that there is a better estimate when using the 3 -weeks moving average.

Attached below is the Tabular calculations of the required parameters for the  question

3 0
3 years ago
An increase in the price of oranges would lead to
Art [367]

Answer:

a movement up and to the right along the supply curve for oranges.

Explanation:

The supply curve exhibits the price and quantity.

Quantity on the x axis that reflects the quantity supplied.

Price on the y axis that reflects the price at which the particular commodity is offered.

Accordingly, when there is increase in prices of orange the y axis will move upward, also as there is increase in price the suppliers would supply more at the price, accordingly x axis will also grow.

Accordingly the supply graph will move upward in the right direction.

8 0
2 years ago
Other questions:
  • What are welfare payments or consumer studies?
    11·1 answer
  • Are you a data person? Do you enjoy gathering information, working with numbers, maintaining records, and keeping track of detai
    5·1 answer
  • For each of the procedures described in the table below, identify the audit procedure per­ formed and classification of the audi
    13·1 answer
  • Capital Chemicals Corp. recently faced a legal hassle following which many process operators resigned voluntarily. The company f
    13·1 answer
  • When private ownership rights are well-defined and enforced, owners of physical assets and resources
    15·1 answer
  • Which of the following post-secondary education options operates as an educational nonprofit organization who receives funding t
    14·1 answer
  • What is the Investment in Mopsy Co. balance as of December 31, 2020, if the equity method has been applied
    14·1 answer
  • A line cook at a restaurant was inspired to become a chef, but he lacked the necessary training. The line cook asked the chef at
    7·1 answer
  • The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit: Production
    11·1 answer
  • Amelia started an online jewelry business. She is the only owner. This is an example
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!