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kicyunya [14]
3 years ago
6

What effect will each of the following have on the demand for small automobiles such as the Mini-Cooper and Fiat 500?

Business
2 answers:
icang [17]3 years ago
8 0

Answer:

a. Demand will increase.

b. Demand will increase.

c. Demand will increase.  

d. Demand will decline.

e. Demand will increase.

Explanation:

a. If small automobiles become more fashionable, people will prefer them more. This will lead to an increase in demand for autos.  

b. If there is an increase in the price of large automobiles and the price of the small automobiles remain the same, people will prefer the cheaper substitutes. This will cause the demand for small automobiles to increase.  

c. Inferior goods have a negative income effect. SO, when income declines the demand for small autos will increase and vice versa.  

d. If consumers expect the price of small autos to fall in the near future, they will hold their money to buy autos when their price fall. This will cause the current demand to fall.  

e. When the price of gasoline drops it will become cheaper to use autos. This will lead to an increase in demand for autos.

Wittaler [7]3 years ago
6 0

Answer:

(a) This will lead to an increase the demand for small automobiles such as mini-cooper and fiat 500.

(b) An increase in the price of its related good, will lead to an increase the demand for small automobile.

(c) There is an inverse relationship between the income of an individual and the demand for an inferior good. So, if the income of an individual declines as a result the demand for small autos increases.

(d) This will reduces the demand for small automobiles as future prices of small autos are expected to be fall.

(e) This is ambiguous. We know that autos and gasoline are complimentary goods, so if there is a decrease in the price of gasoline then this will result in rising demand for all the cars.

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Answer:

$3,685

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Calculation to determine the total amount to be budgeted for manufacturing overhead for the month

Using this formula

Total budgeted for manufacturing overhead =(Estimated boxes)(Quarter Hour Direct labor)(Per hour cost)*(Overhead applied rate)

Let plug in the formula

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Therefore the total amount to be budgeted for manufacturing overhead for the month is $3,685

5 0
3 years ago
a. ​the government should deal with unemployment and inflation. b. ​to eliminate the problem of scarce resources. c. ​to run a b
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Answer:

The correct answer is E. Individuals decide to use scarce resources in an attempt to satisfy their unlimited wants

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7 0
3 years ago
One reason Congress expanded the exclusion of gain on the sale of a principal residence and eliminated the deferral provision wa
posledela

Answer:

The answer is:

If the gain resulting from selling their principal residence exceeds $500,000 for a married couple or $250,000 for a single filer.

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8 0
3 years ago
A consumer has ​$200 per month to be spent on books​ (good B) and DVDs​ (good D). Market prices are as​ follows: PB​ = ​$20 and
mr_godi [17]

Answer:

Explanation:

Let x is number of books (x ≥0)

Let y is the number of DBA (y≥0)

Given that PB​ = ​$20 and PD​ = ​$40 and  consumer has ​$200 per month, so we can form the inequalities:

200 ≥ 20x+ 40y

So we have a system of  inequalities is:

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Please have a look at the attached photo, the right triangle are possible solution for the system.

Hope it will find you well

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3 years ago
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