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Lubov Fominskaja [6]
3 years ago
7

How can understanding the economy help you to make better financial decisions?

Business
1 answer:
Elan Coil [88]3 years ago
3 0

Answer:

Explanation:

No matter what the future holds, an economics major helps people succeed. Understanding how decisions are made, how markets work, how rules affect outcomes, and how economic forces drive social systems will equip people to make better decisions and solve more problems. This translates to success in work and in life.

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How long will it take money to double if compounded continuously
allsm [11]

Answer:

The basic rule of 72 says the initial investment will double in 3.27 years.

7 0
2 years ago
_____ is the study of how resources are distributed for the production of goods and services within a social system
Delicious77 [7]
Business and economics is basically the study of the production,distribution of resources to provide goods and services
6 0
3 years ago
A chain of supermarkets recognizes that it needs to increase revenue in the face of severe budget cuts due to the weak economy.
Harrizon [31]

The sale, the wide selection of brands, and the promotions are examples of <u>"Marketing tactics".</u>


Marketing tactics refers to a set of key techniques expected to advance the merchandise and ventures of a business with the objective of expanding deals and keeping up a focused item. Great marketing tactics normally result in generous consumer loyalty while encouraging the business in centering its restricted budgetary assets in the most proficient way to augment the compelling advancement of its items.  

3 0
3 years ago
What is the effect of a 10 percent price increase on quantity demanded if elasticity is infinite?
Julli [10]

Answer:

Demand drops to zero

Explanation:

Infinite elasticity of demand is also called perfect elasticity of demand.

In this scenario the demand for a product is attached to it's price.

There is an infinite change in the quantity demanded as a result of change in price.

Graphically it is a horizontal demand curve as represented in the attached

Even a small increase in price will cause demand to fall to zero.

Examples are luxury goods such as high end cars and expensive jewelry.

4 0
3 years ago
The fixed cost of conducting the four promotions is estimated to be 18000 dollars with a variable cost of 3.75 dollars per custo
mote1985 [20]

Answer:please refer to the explanation section

Explanation:

The Question is incomplete. the question requires us to calculate minimum number of customers required to cover costs of promotions, to calculate the minimum number of customers required we need a price per customer. let us assume the price $6

Variable costs  = $3.75

Fixed costs = $18000

Minimum Customers Required = Fixed costs/(Price - Variable cost)

Minimum Customers Required = 18000/6 - 3.75 = 8000

8000 customers are required

4 0
3 years ago
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