There are two shoe stores in a small town. Store a is selling a pair of running shoes for $ 39.50. If it costs Store a $ 40 to order this pair of shoesfrom the factory, then Store A is practicing predatory pricing.
This store is most likely selling running shoes below the cost of production to drive the other shoe<span>store out of business or at least to discourage them from selling the same running shoe.</span>
Answer:
..................................................Vaughn Manufacturing.......................................
Cash flows from operating activities 2017
Net Income.........................................................................$1,500,000
Adjustments to reconcile net income to Net Cash provided by Operating Activities
Add Decrease in Accounts Receivable .........$343,900
Less Decrease in Accounts Payable.............$(282,900)
Add Depreciation.............................................$153,000....$214,000
Net cash provided by Operating Activities........................$1,714,000
Answer:
The correct answer is a. utilitarian approach.
Explanation:
Utilitarianism is a theory founded at the end of the 18th century by Jeremy Bentham, which states that the best action is the one that produces the greatest utility for the greatest number of individuals involved, maximizes utility. Another philosopher who developed this concept was John Stuart Mill in his book "Utilitarianism" in 1863.
Part of the fact that every human being always acts, whether at the individual, collective, private, public level, as in political legislation, according to the principle of greatest happiness, in view of the benefit of the greatest number of individuals.
"Utility" is defined in several ways, generally in terms of the welfare of human beings. Bentham described it as the sum of all pleasure that results from an action, minus the suffering of any person involved in that action. In neoclassical economics, preference satisfaction is called utility while in moral philosophy, it is synonymous with happiness, whatever the way in which it is understood. This ethical doctrine is sometimes summarized as "the maximum welfare for the maximum number".
Answer:
<em>Ted's = 10/15 </em>
<em>= 2/3 = 0.67</em>
<em>Tom's = 6/8 </em>
<em>= 3/4 = 0.75</em>
Explanation:
The <em>opportunity cost </em>of washing a car in each case = No. of cars waxed by each / No. of cars washed by each
Hence, <em>Ted's opportunity cost of washing a car</em> = 10/15
= 2/3 = 0.67
And similarly, <em>Tom's opportunity cost of washing a car</em> = 6/8
= 3/4 = 0.75
<em>Thus, for washing 1 car Ted gives 0.67 portion of waxing of Car and Tom gives 0.75 portion of waxing of Car. </em>
Answer:
a. for pizza rises when income rises.
Explanation:
A normal good is a good that people purchase more when their income increases and that have a lower demand when their income decreases, for example, clothing. According to this, the answer is that Pizza is a normal good if the demand for pizza rises when income rises.
The other options are not right because a normal good is determined by the way in which the demand of a product behaves when the income increases or decreases.
