The statement above is popularly referred to as Whorfian hypothesis. The hypothesis states that language directly affects the way people think about the world and the way they perceive it, thus it holds the idea that one's language determines one's conception of the world.
Answer:
The options for this question are the following:
A. implicit cost
B. accounting cost
C. explicit cost
D. pure economic cost
E. positive economic rent
The correct answer is A. implicit cost
.
Explanation:
Implicit cost is an economics term that refers to the costs of a business that do not require direct spending but, instead, the result of a loss of potential revenue. This concept can have important ramifications for companies and entrepreneurs when they decide how to divide tasks between their workforce and how much they charge for their services. It is also an important concept for individuals to understand when choosing the best time budget for a variety of projects.
The implicit cost of some companies is generally a result of the amount of time it takes a person to complete the business and the time value of that person. For example, if someone hires an independent contractor to complete a plumbing job, that contractor must charge enough to cover their explicit and implicit costs in order to make a profit. The explicit costs will be the cost of the necessary materials, which is quite easy to calculate.
<u>Full question:</u>
When Starbucks first opened, many critics suggested, "No one will pay $4 for a cup of coffee." Starbucks's critics suggested consumers would not be __________ to the company's offerings.
a. responsive
b. perceptive
c. identifiable
d. reachable
e. quantifiable
<u>Answer:</u>
Starbucks's critics suggested consumers would not be responsive to the company's offerings.
<u>Explanation:</u>
Marketing is all concerning providing the requirements and needs of purchasers. Consumers have supplies and are prepared to contribute to meeting their requirements by acquiring goods and services. The benefit of products offered in the markets depends on whether they satisfy consumer or company needs.
Consumers’ choices on whether to acquire or not to acquire will be a sign of the production of the goods in the market. A portion is responsive if its members behave likewise and confidently to the purchasing mix. Initial critics did not gather that purchasers would acknowledge confidently to the proposal of a $4 cup of coffee.
Answer:
$502,500
Explanation:
Heaton industries incorporation reported retained earnings of $225,000 on 12/31/2020
They also reported a net income of $172,500 during the year
On its previous balance sheet the company reported retained earnings of $555,000
Therefore the amount paid in dividends by Heaton during 2029 can be calculated as follows.
= $555,000+$172,500
= $727,500
$727,500-$225,000
= $502,500
Hence the amount paid in dividends by Heaton corporation during 2020 is $502,500
A demand schedule is a chart that shows the demand for a type of product at various prices.
