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Genrish500 [490]

3 years ago

15

When advertising and promotional efforts to sell a product or service address a specific demographic, e.g., age, gender, or ethn

icity, this group is referred to as the

1 answer:

Musya8 [376]3 years ago

6 0

Target market and target demographics. You can think of this as an avatar of the ideal customers.

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Last year, Joan bought 50 pounds of hamburger when her household’s income was $40,000. This year, her household income was only

Norma-Jean [14]

Answer:

a. positive, so Joan considers hamburger to be an inferior good.

Explanation:

Income elasticity is a microeconomic concept that aims to measure the sensitivity of demand in the face of income changes. To calculate the Income elasticity , a formula is used that divides the observed percentage change in quantity (Q) by the percentage change in price income (P): Elasticity = ▲ Q / ▲ P

The percentage change in quantity (▲ Q) and the percentage change in price (▲ P) are calculated by the difference in quantity / price in the two periods divided by the quantity / price of the first period.

▲ Q = (60 -50/60) = 0,16

▲ Q = (40.000 - 30.000/40.000) = 0,25

Elasticity = ▲ Q / ▲ P = 0,16/0,25 = 0,64

Therefore, the elasticity is positive.

This good is considered inferior, because according to microeconomic theory, inferior goods are those whose demand increases when consumer income decreases. This is the opposite of the normal good, which has its demand increased when income increases.

8 0

3 years ago

Alex, Kara, and Susie are the only three people in a community. Alex is willing to pay $20 for the fifth unit of a public good,

densk [106]

Answer:

a) $25 is the correct answer.

Explanation:

Those are the only three people in the community. Susie is willing to pay $25 and everyone else is willing to pay less than that.

7 0

3 years ago

AJ's Markets is being liquidated. The mortgage holder is owed $830,000, the other secured creditors are owed $128,000, and the u

oksano4ka [1.4K]

Answer:

B. $.025

Explanation:

Calculation to determine How much will the unsecured creditors receive per each dollar they are owed

First step is to determine the Mortgage unsecured

Mortgage unsecured = $830,000 -$794,000

Mortgage unsecured= $36,000

Second step is to calculate the Funds available after expenses

Funds available after expenses = $467,000 - $330,000

Funds available after expenses = $137,000

Third step is to calculate the Funds available after secured claims

Funds available after secured claims = $137,000 - $128,000

Funds available after secured claims= $9,000

Fourth step is to calculate the Total unsecured claims

Total unsecured claims = $36,000 + $329,000 Total unsecured claims = $365,000

Now let determine Percent unsecured claims paid

Percent unsecured claims paid = $9,000 / $365,000

Percent unsecured claims paid= .025*100

Percent unsecured claims paid=2.5%

Therefore the amount of that the unsecured creditors receive per each dollar they are owed will be $.025

7 0

3 years ago

Demand for earbuds is represented by: P = 402 – 2Q The costs are $8 per set of earbuds. In order to stock earbuds, other items w

Mkey [24]

Answer:

Q is 98

Explanation:

Marginal (average) cost (including opportunity cost) = $8 + $2 = $10

Profit is maximized when MR = MC = 10.

P = 402 - 2Q

Total revenue (TR) = P x Q = 402Q - 2Q^2

MR = dTR/dQ = 402 - 4Q

Equating with MC,

402 - 4Q = 10

4Q = 392

Q = 98

7 0

3 years ago

Which of the following is FALSE? Group of answer choices Most of the maquiladora industry is located in the states of Mexico tha

REY [17]

Answer:

The maquiladora industry has not created much employment in Mexico because most of the production is capital intensive

Explanation:

maquiladora industry in Mexico are company that allow industries to perform production by converting raw materials into finished product for exportation and for local use by making this industry a "Tax- free". or making them to have duty free. Examples of maquiladora industry are

Acer Peripherals, Bali Company, Inc.

and Bayer Corp./Medsep. It should be noted that The maquiladora industry has not created much employment in Mexico because most of the production is capital intensive.

7 0

3 years ago