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Shalnov [3]
3 years ago
14

Suppose an economic boom causes incomes to increase and, at the same time, drives up wages for the sales representatives who wor

k for cell phone companies. Assume that smartphones are a normal good. This will cause the: price of cell phones and the equilibrium quantity to rise O price of cell phones to rise, but the change in the equilibrium quantity is unclear and depends on whether the shift in demand is larger or smaller than the shift in supply. price of cell phones and the equilibrium quantity to fall. quantity of cell phones to rise, but the change in the equilibrium price is unclear and depends on whether the shift in demand is larger or smaller than the shift in supply.
Business
1 answer:
Juli2301 [7.4K]3 years ago
5 0

Answer:

Option (B) is correct.

Explanation:

Given that smartphones are a normal good and income of the individuals increases because of economic boom. We know that there is a direct relationship between the income of an individual and demand for normal goods.

Increase in the income level of the individuals will result in higher demand for smartphones. This will shift the demand curve of smartphones rightwards.

Simultaneously, the wages of sales representatives who work for cell phone companies also increases. This will increase the cost of production for the firms and shifts the supply curve of smartphones leftwards.

Hence, the equilibrium price of smartphones increases but the effect on equilibrium quantity is indeterminate because its effect will be depend upon the magnitude of the shift of supply and demand curve.

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Which of the following is true about the self-employed health insurance deduction? a. Medical insurance is allowed as a deductio
Luden [163]

Answer:

b. Long-term care insurance is allowed as a deduction, subject to a dollar limitation.

Explanation:

Long-term care insurance is designed to provide daily benefit to the holder when he is in need of assistance do some activities related to daily living such dressing, eating, bathing, and among others.

It is possible for self employed to qualify to deduct 100% of the premium paid for long-term care insurance subject to the maximum of 2020 age-based eligible premium amounts as provided below:

Age 40 and below = $430

Age 41 - 50 = $810

Age 51-60 = $1630

Age 61-70 = $4350  

Age 71 and over = $5430

3 0
3 years ago
The coefficient of variation, calculated as the standard deviation of expected returns divided by the expected return, is a stan
SOVA2 [1]

Answer:

The correct answer is True.

Explanation:

Whenever a conflict arises within the classification of projects between the expected monetary value and the standard deviation, the coefficient of variation is used to try to solve the problem. For this reason, it is concluded that the coefficient of variation is a standardized measure of risk.

5 0
3 years ago
Marston Manufacturing Company is considering a project that requires an investment in new equipment of $3,600,000, with an addit
Lorico [155]

Answer:

These are the missing multiple choices:

a. $3,780,000, b. $4,212,000, c. $720,000

The correct option is A,$3,780,000

Explanation:

The  total cost of Martson's new equipment comprises of the invoice price of the equipment of $3,600,000 plus the cost of installation and shipping costs of $180,000.

The rationale for the shipping and installation is that costs of asset should include costs incurred in bringing the asset to its present location and condition such as installation and shipping costs.

The costs of the assets is $3,780,000($3,600,000+$180,000)

8 0
3 years ago
Suppose that Tony Hsieh noticed that Zappos’s customers were no longer willing to pay full retail prices on shoes.
umka2103 [35]

Answer:

b. Share the customer research with employees, showing them why change is needed.

c. Tell employees that they have the power to change any work process, so long as their changes make the overall organizations more efficient.

d. Tell stories about the importance of efficiency and the things he has done to more efficient at work himself.

Explanation:

The Tony Hsieh has noticed that the customers of Zappos's are not willing to pay full retail price. In order to make company's culture more efficient the Tony should introduce a culture of telling stories about the efficiency at work and its benefits. The customer research should be shared with employees to analyze them that efficiency is needed. Make overall efforts in the organization to improve efficiency of work process.

4 0
3 years ago
Which activity is an example of a time-based goal? A. Catherine plans to learn to play the guitar in the next few years. B. Davi
frez [133]

Answer: C. Farah wants to obtain her college degree in four years

A time bound goal has a specific, measurable time-frame within which a specific goal has to be achieved; it can also set as a specific target to be achieved at periodical intervals.

Amongst the options given, only option C has a specific, measurable and well-defined time frame within which a specific goal is set to realized.


6 0
3 years ago
Read 2 more answers
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