Answer:
1. A graphical representation of the relationship between the price of a good and the amount of the good that buyers are willing and able to purchase at various prices.
-Demand Curve
2. The amount of a good that buyers are willing and able to purchase at a given price.
-Quantity Demanded
3. The claim that, other things being equal, the quantity demanded of a good falls when the price of that good rises.
-Law of Demand
4. A table showing the relationship between the price of a good and the amount that buyers are willing and able to purchase at various prices.
-Demand Schedule
Explanation:
Answer: Resistance to change
Explanation: In the given case the managers of Inseason inc. made the focus on short term goals rather than the long term. The manager in the given case did not took proper actions to continue the firm with large scale operations.
The managers was resisting the change due to the risk factor that it might not lead to benefit and the continuous success that the entity is making might stop.
Thus, the correct option is A.
Answer:
U.S. Tax Burden on Cola:
The amount of the tax on a case of cola is $4 per case. Of this amount, the burden that falls on consumers is $1 per case, and the burden that falls on producers is ___$3______ per case.
The effect of the tax on the quantity sold would have been larger if the tax had been levied on consumers.
a. True
b. False
Explanation:
The tax burden on consumers, which is represented by the difference in the price of cola from $5 to $6 per unit is $1 ($6 - $5). However, the cash received by producers reduced by $3 from $5 to $2. This shows that the total tax burden on both consumers and producers is $4 ($1 + $3).
This represents a total tax burden of $4 or about 67% based on the new selling price of cola or 80% based on the old selling price of cola.
"The effect of the tax on the quantity sold would have been larger if the tax had been levied on consumers alone. This because the price of cola would have increased to $9 per unit. Since the demand for cola in this instance is elastic, this change in price would have caused a more than 80% change in the quantity demanded.
It is an example of manipulation the antecedent stimulus. It is a way having desirable behavior to be done accordingly and in an appropriate way in order for effect to increase. It could be seen above as when the teachers applied of having changes to their seat, it is likely that they would rarely distract the class. It is an example of having the increase the odds so that the behavior could be done accordingly.
Answer:
Gadget will have higher earning.
Explanation:
Price Earning Ratio is the ratio of Market price to the earning per share. PE Ratio measure the effect of earning over the market price of the company.
Widget
Stock Price = $30
Earning per share = $2
PE ratio = $30 / $2 = 15 times
Gadget
Stock Price = $30
Earning per share = $2
PE ratio = $20 / $1 = 20 times
Gadget will have higher earning.
