All categories

4 years ago

How does the law of demand affect consumers

Business

1 answer:

Y_Kistochka [10]4 years ago

7 0

Answer:

The law of demand is an economic principle that states that consumer demand for a good rises when prices fall while conversely, consumer demand falls when prices rise. ... As a result, the price consumers are willing to pay for a good decline as their utility decreases.

You might be interested in

Crafting a strategy to compete in one or more foreign markets can be considered complex because 34) A) factors that affect indus

Wewaii [24]

Answer:

Options A, B, C, and E.

(Please check the explanation section before you judge or pick your answer)

Explanation:

The options A, B, C, and E are the options that are considered complex if we want to Craft a strategy to compete in one or more foreign markets.

Please take note that if the question asked us to pick which of the options is NOT a inherently complex reason when crafting a strategy to compete in one or more foreign markets then we would have picked Option D.

As given in the question, that is option D which says; '' buyer tastes and preferences creates challenges in standardizing products and services." Will not be a reason for crafting a strategy to compete in one or more foreign markets is inherently complex.

Countries due to globalization tends to participate in international trades. Competition in the international trade has its advantages as well as its disadvantages or risks.

To trade in the international market, countries must have their individual strategies and Option D above is NOT a inherently complex reason when crafting a strategy to compete in one or more foreign markets

4 0

4 years ago

Read 2 more answers

You work for a company that manufactures electric lawn mowers. The mowers work when the user plugs an extension cord into the ou

Step2247 [10]

Answer: See explanation

Explanation:

Yes. I believe that my company should have included a warning label to address use of the electric lawn mower in the rain.

Since the warning wasn't put there, the customers will believe it is safe to use in the rain that which was exactly what happened in this case. It is the right of the manufacturer to make sure that it's product are safe to use.

6 0

3 years ago

current challenges in operations management include all of the following except: part 2 a. rapid product development. b. lean o

Ghella [55]

Out of the choices provided above, it can be said that the current challenges in operations management include all of the following except increased communication cost. Therefore, the option C holds true.

<h3>What is the significance of communication costs?</h3>

Communication costs can be referred to or considered as the costs incurred by an organization to spread awareness and convey the message of achieving efficiency in the management, especially related to the operations of an organization.

Therefore, the option C holds true and states regarding the significance of communication costs.

Learn more about communication costs here:

brainly.com/question/2180772

#SPJ4

4 0

2 years ago

4. You own a Portfolio that is invested 43 percent in Stock A, 16 percent in Stock B, and 41 percent in Stock C. The "Expected R

Marrrta [24]

Answer:

A.) The "Expected Return" of the Portfolio is 11.26%

B.) The "Variance" of the Portfolio is 6.749238

C.) The "Standard Deviation" of the Returns on this Stock is 2.5979%

Explanation:

A.) Expected return on portfolio = 0.43x9.10 + 0.16x16.70 + 0.41x11.40

= 11.26%

Therefore, The "Expected Return" of the Portfolio is 11.26%

B.)

"Variance" of the Portfolio = probability*(deviation)^2

Stock A:

probability = 0.43

(deviation)^2 = (9.1 - (0.43*9.1 + 0.16*16.7 + 0.41*11.4))^2

= (9.1 - (3.913 + 2.672 + 4.674))^2

= (9.1 - 11.259)^2

= (-2.159)^2

= 4.6613

Stock B:

probability = 0.16

(deviation)^2 = (9.1 - (0.43*9.1 + 0.16*16.7 + 0.41*11.4))^2

= (16.7 - (3.913 + 2.672 + 4.674))^2

= (16.7 - 11.259)^2

= (5.441)^2

= 29.6045

Stock C:

probability = 0.41

(deviation)^2 = (11.4 - (0.43*9.1 + 0.16*16.7 + 0.41*11.4))^2

= (11.4 - (3.913 + 2.672 + 4.674))^2

= (11.4 - 11.259)^2

= (0.141)^2

= 0.0199

"Variance" of the Portfolio = 0.43x4.6613 + 0.16x29.6045 + 0.41x0.0199

= 2.004359 + 4.73672 + 0.008159

= 6.749238

Therefore, The "Variance" of the Portfolio is 6.749238

C.) "Standard Deviation" = square root of variance

Stock A = 1.4158

Stock B = 2.1764

Stock C = 0.0906

"Standard Deviation" of the Returns on this Stock = 1.4158 + 2.1764 + 0.0906

= 2.5979%

Therefore, The "Standard Deviation" of the Returns on this Stock is 2.5979%

8 0

3 years ago

Famous Furniture Manufacturing Company reported the following information for 2019:

AfilCa [17]

Answer:

$255,500

Explanation:

Prepare a Cost of Goods Manufactured Schedule to determine the cost of goods manufactured.

<u>Cost of Goods Manufactured Schedule</u>

Direct material used $ 75,000

Direct labor $ 93,000

Applied manufacturing overhead $ 70,000

Add Beginning work-in-process inventory $130,000

Less Ending work-in-process inventory ($112,500)

Cost of goods manufactured $255,500

6 0

4 years ago