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RideAnS [48]
3 years ago
9

Natalie operates on a pretty tight budget. she is a price-conscious shopper and usually buys store or generic brands to save mon

ey. recently, however, natalie was given a pretty substantial raise. as such, she has altered her shopping patterns and now regularly buys more expensive, name-brand goods. this is an example of
Business
2 answers:
ollegr [7]3 years ago
8 0

Answer:

The income effect

Explanation:

Nata [24]3 years ago
5 0

Answer:

Income effect is the correct answer.

Explanation:

The income effect means that the change in demand for a good or service which is caused by the change in a consumer's purchasing power resulting from the change in real income. The change can be due to a rise in the wage or due to freeing the income due to a decrease in the price of the goods. This effect also tells how the change in the price of goods will cause a change in its demand accordingly. The income effect is part of the consumer choice theory. It expresses the impact of change in income and relative market prices on the consumption pattern of goods and services.

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What is the standard for determining how well marketing works in a free
zlopas [31]

Answer:

d.

Explanation:

4 0
3 years ago
Read 2 more answers
Nathan is a customer service agent for a small nutrition company. He was disabled in a car accident and relies on his wheelchair
Ann [662]

Answer:

EEOC - Equal Employment Opportunity Commission

Explanation:

EEOC protects employees with disabilities, Nathan would qualify for such protection due to the physical strain.

5 0
3 years ago
Jamar used to work as an office manager, earning $40,000 per year. He gave up that job to start a life-coaching business. In cal
Eva8 [605]

Answer:

B) opportunity costs.

Explanation:

The $40,000 salary that Jamar gave up are part of his opportunity costs.

Opportunity costs are the costs (or benefits lost) from choosing one activity or investment over another alternative.

When you calculate the economic profit of a new project you must include all the implicit or opportunity costs that you incur or lose due to the new project:

economic profit = accounting profit - implicit costs

7 0
3 years ago
1. Identify and briefly discuss three factors which influence the choice of crops produced by commercial farmers?[ 2. What is th
wolverine [178]

Answer:

1. a) Location,

    b) earnings

    c) Whether the crop can be produced by its resources or not

Explanation:

Farmer traders consider location as an important element for their crops, the location depends on the quality of the land and the taxes it will pay, and the location of their crop is important for the transport of their products to ensure they arrive in the best condition to the market.

Likewise, the farmer considers as an influential factor how much profit he will obtain with the harvested product, choosing to cultivate the one that produces the greatest benefits, also he must consider having all the labor and resources that are necessary to carry out his harvest and be able to transport it to market it.      

2. Dairy producers need to consider the proximity of farms to the distribution market because the product has a limited time to go expire .

Explanation:

Dairy products are the most delicate and difficult to transport since they have a short time to expire, this is one of the reasons that commercial farmers should take into account that the location of their farm is at a considerable distance from the market, in this way being able to transport their product more safely and distribute it without fear that it expires and lose all their profits.

3. A commercial farmer is concerned with two costs, one of which is the cost of transportation and the other cost is whether there will be a benefit to his crop.

Explanation:  

Commercial farmers at the time of cultivation consider two very important costs for them, one of them the cost of transporting their products to the place of distribution, so they must ensure that it is not very high since it is also important for them the benefit they will get, for this reason, farmers take care that the investment is less so they can enjoy good profits.

   

4. Von Thunen's theory mentions that the distance to the market is a critical point for farmers. Von Thunen explains that a farmer's earnings may decrease the further from the market where he sells his products.

Explanation:

5.  1. One of Von Thunen's assumptions is that there is only one market available and it is self-sufficient without outside influence.

    2. Another assumption is the physical environment is uniform; without rivers, mountains, etc.

    3. And one last assumption is that all farmers act to maximize profits.

Explanation:

1. In Von Thunen's first assumption, he considers there is only one market available and it does not need external influences, but this assumption may not be so correct since there cannot be a single market due to the consumer demand that exists and because there are other farmers from different cities that will bring their products, also cities need an external influence for change, and changes are necessary for the growth of the city.

2. In his theory, Von Thunen mentions the physical environment of the places for agricultural production is uniform, which is difficult due to the landforms that create modifications in the terrain, this uniformity that Thunen mentions could only be achieved if the grounds were modified by men.

3. Thunen's last assumption mentions a very successful situation where farmers carry out actions to obtain the greatest profits, they will continue working to continue obtaining the best benefits.

6. 1. In the middle ring is the market. The market is central because it is the most important part of the city and is easily accessible from the surrounding areas.

   2. The next ring consists of intensive farming and dairy. These products are closer because they are in higher demand and other products can expire.

  3. The next ring is the forest. Wood was also in high demand due to the fact that it was used for heating and cooking. And it had this location because the wood was very heavy and difficult to transport.

  4. The penultimate ring was used for extensive cultivation as bread grains. These are lighter, which makes them easier to transport and cost less money.

  5. And finally, the final outer ring is used for livestock. Animals can be born and raised further from the market because they transport themselves, which means there is no need for fuel, saving the farmer money.

Explanation:  

Von Thunen in his theory mentioned the importance of geographical distribution in agriculture, in which merchant farmers could take advantage of the conditions of the land. For Thunen the distribution and location of the land in an appropriate way would generate the best benefits, for it must organize from the most essential and difficult to transport to the easiest to transport, in this way, for Von Thunen the rings in the markets should be formed.

   

<em>I hope this information can help you.</em>

5 0
3 years ago
If annualized nominal interest rates in the US and Switzerland are 12% and 8% respectively and the 90-day forward [one-year forw
Kobotan [32]

Answer:

Current spot rate for the Swiss frank will interest rate parity hold is <u>$1.0214</u>

Explanation:

As per given data

Annualized nominal interest rates in the US = 12%

Annualized nominal interest rates in the Switzerland  = 8%

90 days forward rate = $1.0218

As we know

According to interest rate parity theory

Forward rate differential = Interest rate differential

( ( F - S ) / S ) x (360/n) = ( ( 1 + ru ) / ( 1 + rs ) ) - 1

Where

F = Forward Rate = $1.0218

S = Spot rate = ?

n = numbers of days = 90 days

ru = Annualized nominal interest rates in the US = 12%

rs = Annualized nominal interest rates in the Switzerland  = 8%

Placing the values in the formula

( ( $1.0218 - S ) / S ) x (360/90) = ( ( 1 + 12% ) / ( 1 + 8% ) ) - 1

( ( $1.0218 - S ) / S ) x 4 = ( 1.12  / 1.08% ) - 1

( ( $1.0218 - S ) / S ) x 4 = 0.037037

( ( $1.0218 - S ) / S ) = 0.037037 / 4

( $1.0218 - S ) / S = 0.00925925

$1.0218 - S = S0.00925925

$1.0218 = S0.00925925 + S

$1.0218 = S1.00925925

S = $1.0218 / 1.00925925

S = $1.0214

7 0
3 years ago
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