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aniked [119]
3 years ago
15

Consider the statements regarding elasticity. Over longer periods of time, demand tends to be more elastic. less elastic. perfec

tly inelastic. With fewer substitutes, demand tends to be perfectly inelastic. less elastic. more elastic. Demand for an item that uses a large portion of your budget tends to be more elastic. less elastic. perfectly inelastic. Demand for a luxury item tends to be more elastic. less elastic. perfectly inelastic.
Business
1 answer:
Zepler [3.9K]3 years ago
4 0

Answer:

Over longer periods of time, demand tends to be more elastic

Demand tends to be more elastic over longer periods of time because people tend to replace goods that they find either too expensive, or undesirable, or scarce, with other goods that are similar, what is known as substitutes.

For example, if pasta becomes scarce, in the long run, people will replace pasta with a substitute like rice.

With fewer substitutes, demand tends to be less elastic

If a product does not have many substitutes, or does not have any, demand will be less elastic, because people will keep buying the good even if it becomes very expensive.

For example, gasoline is a good that does not have many substitutes, so increases in the price of gasoline will not change demand too much.

Demand for an item that uses a large portion of your budget tends to be less elastic

Goods and services that use a large portion of your budget like for example rent, are less elastic, because they have to be paid independently of your level of income.

Demand for a luxury item tends to be more elastic

luxury items by definition are not necessities, and for this reason, people can stop buying them if their level of income decreases.

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Mr. Smith, your client, has maintained about 80% of his portfolio in fixed income securities. Interest rates are expected to dec
alukav5142 [94]

Answer:

(B) Leave his portfolio the way it is now

Explanation:

Bond value and market interest rates are inversely related. When the market interest rates are expected to decline and an investor already holds a bond with fixed rate of interest, the value of such bonds shall rise.

Market interest rates refer to the rate of interest other firms are offering on similarly priced bonds. Thus market interest rate also implies investor expectations i.e YTM (yield to maturity) which is used as a discounting factor to ascertain the price of a bond.

Lesser the discounting rate (yield to maturity), higher shall be the value of a bond.

Thus, it is recommended for Mr Smith to (B) leave his portfolio the way it is now.

6 0
3 years ago
the time period during which production processes increase volume in order to meet customer demands while coping with quality pr
lutik1710 [3]

The time period during which production processes increase volume in order to meet customer demands while coping with quality problems and​ last-minute design changes is called ​ramp-up.

Production is the technique of making or producing goods and products from uncooked substances or components. In different phrases, production takes inputs and uses them to create an output that is in shape for consumption – a good or product that has a fee to a cease-person or purchaser.

Production is the procedure of making, harvesting, or growing something or the quantity of something that becomes made or harvested. An instance of manufacturing is the creation of furniture. An instance of manufacturing is harvesting corn to devour. An instance of manufacturing is the amount of corn produced.

Manufacturing is one of the maximum critical tactics inside production and is a core part of what it means to be a manufacturer. Without this hobby, no finished items might be created, and there might be nothing to promote to clients.

Learn more about the production here brainly.com/question/16755022

#SPJ4

5 0
1 year ago
Break-Even for a Service Firm Jonah Graham owns and operates The Green Thumb Company (GTC), which provides live plants and flowe
kenny6666 [7]

Answer:

The company should provide, in average, 90 jobs per month in order to break even.

Explanation:

We will assume that the variable costs are proportional to the quantity and thus VC=a*Q

the profit obtained is

profit = P*Q  , (Price [$/job] * Jobs sold [jobs])

and the total costs are

total costs= FC+VC = FC + a*Q , FC=fixed costs

in order to break even the quantity sold should be enough to cover all costs, therefore

profit = total costs

P*Q = FC + a*Q → Q= FC/(P-a)

thus

Q= FC/(P-a) = $3240 / ($60/job - $24/job) = 90 jobs

5 0
3 years ago
Mention any three differences between bookkeeping and accounting​
nalin [4]

Answer and Explanation:

The three differences between the bookkeeping and accounting is as follows:

1. The preparation of the financial statements would not be part of this but it should be the part of the accounting

2. The bookkeeping does not required any kind of skill set but in the accounting it require skill set to perform the calculations

3. Bookkeeping does not do any kind of analysis but the accounting perform the analyses, it use the bookkeeping information so that it would help to interpret the data.

7 0
3 years ago
Magnolia, Inc. has budgeted sales for the first quarter of the next year to be 45,000 units. The inventory on hand at the beginn
ipn [44]

Answer:

Production= 43,000 units

Explanation:

Giving the following information:

Sales= 45,000 units

Beginning inventory= 5,000 units

The desired ending inventory is 3,000 units.

To calculate the budgeted production, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Production=  45,000 + 3,000 - 5,000

Production= 43,000 units

4 0
3 years ago
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