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Tamiku [17]
3 years ago
11

There are 72,922 seats in Lambeau Field where the Green Bay Packers play football. The Packers have sold out their season ticket

s since 1960. There were about 70,000 people on the waiting list to buy season tickets in 2018. Packers tickets are a normal good. As a result of the economic recession in 2010 during which people's incomes decreased, the:________.
a. demand for Packers tickets decreased.
b. substitution effect changed the quantity demanded.
c. quantity demanded of Packers tickets decreased.
d. demand curve for Packers tickets shifted rightward.
Business
1 answer:
In-s [12.5K]3 years ago
7 0

Answer: quantity demanded of Packers tickets decreased.

Explanation:

First and foremost, we should note that normal goods are the goods that when the income of an individual rises, the individual will buy more and in a case whereby the income reduces, the person will buy less.

Therefore, during recession when people's incomes decreased, the quantity demanded of Packers tickets decreased as well

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The viability and relevancy of insurance products sold to businesses and individual
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<span>The viability and relevancy of insurance products is used to protect your business in case if you specialized on manufacturing unusual products and provides maintain stability of your production.</span>
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3 years ago
Bens Corporation has three service departments (Repairs, HR, and IT) and two production departments (M1 and M2). The following u
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Answer:

Bens Corporation

Allocation of Service Departments' Direct Costs:

                               Repairs        HR           IT          M1         M2           Total    

Direct costs          $36,000  $55,600  $81,000                              $172,600

Step allocation:

HR direct costs        5,560   -55,600      11,120    19,460    19,460              0

IT costs                            0              0   -92,120    20,471     71,649              0

Repairs costs        -41,560              0             0    16,624    24,936              0

Total costs allocated      0              0             0 $56,555 $116,045 $172,600

Explanation:

a) Data and Calculations:

Usage data:

                      Repairs     HR       IT     M1      M2

Repairs                            0%     0%   40%   60%

HR                     10%       __     20%   35%   35%

IT                        0%       10%    __     20%   70%

HR Costs = $55,600:

Repairs = $5,560 ($55,600 * 10%)

IT = $11,120 ($55,600 * 20%)

M1 = $19,460 ($55,600 * 35%)

M2 = $19,460 ($55,600 * 35%)

IT costs = $92,120:

Repairs = $0 ($92,120 * 0%)

M1 = $20,471 ($92,120 * 20/90)

m2 = $71,649 ($92,120 * 70/90)

Repair costs = $41,560:

M1 = $16,624 ($41,560 * 40%)

M2 = $24,936 ($41,560 * 60%)

4 0
3 years ago
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Answer: b. When population exceeds real GDP growth

Explanation:

Gross domestic growth(GDP) is the monetary value of all finished goods and services done within in a country over a period of time. When the population of a country exceeds what it produces there would be record in decline in productivity of the country. This is a serious problem as it could lead to other factors as scarcity(having high demand and low supply), it could lead to poverty as there won't be much jobs as production is not commensurate with population.

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A manager is assessing whether a business decision is ethical. She believes that if the benefits of a choice exceed the costs, t
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Utilitarianism is a personal moral philosophy which id being used in this scenario.

<h3>What is Utilitarianism?</h3>

This is the morality that advocates actions that foster happiness or pleasure and maximizes wellbeing of individuals.

The manager believing that the  benefits of a choice exceed the costs is ethicalk as result of her having more profit which will maximize the company' wellbeing.

Read more about Utilitarianism here brainly.com/question/2642866

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Answer:

a decrease in the unemployment rate

Explanation:

Macroeconomics is a branch of economics that studies the economy as a whole. Economic variables studied in macroenomics includes GDP, unemployment, inflation etc

Microeconomics is a branch of economics that studies the behaviour of economic agents- individuals and firms in the economy.

I hope my answer helps you

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