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saul85 [17]
3 years ago
13

Suppose Jose splits his spending across scones and coffees. Due to droughts in coffee-producing regions, the price of coffee dou

bles. How will the income and substitution effects affect his spending on scones?
Business
1 answer:
Slav-nsk [51]3 years ago
7 0

Answer:

He will be less likely to spend on scones.

Explanation:

Understanding the spending pattern requires to understand the factors involving in purchasing.

  1. Income: Some people live tightly, and for that they have to cut down their expenditures and that affects their spending. Jose will not have much issues although buying scones because they will not be expensive, so this relationship is negative.
  2. Substitution: This will probably affect the the spending of Jones on scones because he used to buy both together, and if he stops spending on coffee he will not buy scones as well.
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Strategy implementation can be the most difficult part of the strategic management process. Which of the following is not likely
RUDIKE [14]

Answer:

d) Competition

Explanation:

According to  Rajasekar, J. (2014). <em>Factors affecting effective strategy implementation in a service industry</em> Strategic management process key factors are the role of leadership, the role of culture and the role of organizational structure in strategy implimentation.

On the other hand, "the absence of real competition is either not aware of the need to formulate a strategy and implement it (clarity of strategy) or believe there is no need to do so due to the business structure" (p.177)

Reference: Rajasekar, J. (2014). Factors affecting effective strategy implementation in a service industry: A study of electricity distribution companies in the Sultanate of Oman. International Journal of Business and Social Science, 5(9).

3 0
3 years ago
In a small open economy, starting from a position of balanced trade, if the government increases domestic government purchases,
steposvetlana [31]

Answer:

deficit and negative

Explanation:

correct answer is deficit and negative because here as This is in line with the concept of twin deficits

where the current budget deficit is also the current account deficit resulting from the increase in government procurement. Trade deficit negative NX means negative net capital outflow    

3 0
3 years ago
Coronado Corporation’s April 30 inventory was destroyed by fire. January 1 inventory was $157,000, and purchases for January thr
soldi70 [24.7K]

Answer:

$237,855

Explanation:

Opening inventory = $157,000

Purchases = $502,900

Sales revenue = $649,300

gross profit = 35% of sales

                   = 35% × $649,300

                   = $227,255

cost of goods sold = $649,300 - $227,255

                               = $422,045

Opening inventory + purchases - cost of goods sold = closing inventory

$157,000 + $502,900 - $422,045 = closing inventory

closing inventory = $237,855

An estimate of Coronado’s April 30 inventory that was destroyed by fire is $237,855

8 0
4 years ago
Suppose a perfectly competitive firm is producing 37 units output, and the marginal cost of the 37th unit is $3. If the firm can
ale4655 [162]

Answer:

correct option C. increase production.

Explanation:

given data

producing  = 37 units  

marginal cost MC = $3  

sell MR = $5  

solution

the profit is maximum at MR = MC   ..............1

and here MR = $5 and MC = $3

then production should be increased up to the  MC = MR = $5

so correct option is C. increase production

8 0
3 years ago
The news division of WEXS Channel 10 wanted to hire a new morning news anchor. As part of the interview process, candidates were
jolli1 [7]

Answer:B

Explanation: The WEXS Channel 10 wanted to see how well the candidates would perform with a story that was given to them.

5 0
3 years ago
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