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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

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The Agricultural Extension Agent's Office has tracked fertilizer application and crop yields for a variety of chickpea and has r
Mumz [18]

Answer:

Following are the solution to the given points:

Explanation:

In point 1:

The yield added by the regression equation increases 8.5 times of per each unit of fertilizer.

In point 2:

Definition i.e. R^2 describes the percentage of variation. Consequently, the value of Fertilizer variable describes 0.79 percent throughout the variance of the Bushels variable.

In point 3:

At 60 \times 8.5 +8 = 518, Bushels has an fertilizer of 60.

In point 4:

The fertilizer should be 100 when bushels are:

\to 100= 8+ Fertilizer \times 8.5  \\\\ \to Fertilizer= 10.82 units

In point 5:

Increased that amount of fertilizer will reduce the amount of bushels unless the value of determination was negative.

8 0
3 years ago
An increase in the number of which of the following will lead to an increase in the unemployment rate? Discouraged workers A Bus
Sergeu [11.5K]

Answer:

The answer is: D) Persons quitting part-time jobs to look for full-time ones

Explanation:

In order for an individual to be considered unemployed, some requisites must be met:

  • the individual is an adult, capable of working
  • the individual is currently out of a job
  • the individual is actively looking for a job

If individuals who have part time jobs (part time jobs are considered employment) quit to look for full time jobs. This is a type of frictional unemployment; when someone quits his job in order to search a better job.

7 0
3 years ago
1. Alexander lives in an apartment building and gets a $250 benefit from playing his stereo. Mary, who lives next door to Alexan
Genrish500 [490]

Answer:

Alexander would enhance his stereo playing for 100 dollars more. Mary would pay a lawyer 100$

Explanation:

Socially optimal solution is the situation where all external costs are taken into account, as well as internal costs and benefits. Therefore, If Alexander's benefits from playing the stereo is 250 dollars and Mary's costs are 350 dollars, than in order to get socially optimal solutions, Alexander could enhance his stereo playing for 100 dollars more. Mary would pay a lawyer up to 100 dollars.

3 0
4 years ago
How did lax security impact target's sales revenue and profit performance?
Salsk061 [2.6K]
Target posted final quarter income of $21.5 billion. This brought income of  about 81 pennies for every share. But the examiner <span>agreement was calling for income of 80 pennies for each share</span>. So, with 81 pennies for every share the examiner agreement was beated.
5 0
4 years ago
Equipment was purchased for $300,000. Freight charges amounted to $14,000 and there was a cost of $40,000 for building a foundat
aksik [14]

Answer:

b)

Annual Depreciation expense= $58,800

Explanation:

<em>According to International Accounting standards(IAS) 16 property plan and equipment (PPE), the cost of an asset is the purchase cost plus other costs of bringing it to the intended working conditions.</em>

So we will add the purchase cost to installation  , freight charges.

Cost of assets = 300,000 + 14,000 + 40,000 =$354,000

Annual depreciation = (Cost - Scrap Value)/ Number of years

                                   = (354,000 - 60,000)/5

                                 =$58,800

Annual Depreciation expense= $58,800

8 0
3 years ago
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