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aliina [53]
3 years ago
9

Tommy is about to order a steak dinner with a salad at his favorite restaurant. The restaurant recently raised its prices on ste

aks but kept its prices on salads the same. How might the real-income effect and the substitution effect influence Tommy’s order?
Business
1 answer:
lozanna [386]3 years ago
3 0

Answer:

Explanation:

Each of these effects would most likely influence Tommy's order differently. The real-income effect would most likely cause Tommy to buy the large steak and salad regardless of the increase in price since individuals tend to spend more when they start making more money. The substitution effect on the other hand would most likely cause Tommy to order a smaller steak since it costs more but at the same time order, more salad since the price has not increased as the steak did.

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Which activity relates to scrutiny or examination of a given problem?
Sergeeva-Olga [200]

The activity that relates to scrutiny or examination of a given problem is called Investigation.

<h3>What is scrutiny?</h3>

Scrutiny refers to the act of inspection or examination into some important matter. For example:- Inspector doing the detail scrutiny of the crime matters.

The action that refers to scrutiny or the analysis of a certain topic is called investigation. When the unique issue requires careful analysis. A thorough investigation is conducted to have a full understanding of the issue.

Therefore, it can be concluded that investigation is step by step scrutiny of the problem.

Learn more about Investigation here:

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Your question is incomplete, but most probably the full question was....

A (an) ____ is a part-by-part scrutiny of a given problem.

5 0
2 years ago
The Clemson Company reported the following results last year for the manufacture and sale of one of its products known as a Tam.
Nikitich [7]

Answer:

See below

Explanation:

With regards to the above information, there would be no sales if Tam were to be dropped. Also, there would be no cost associated with it other than $145,000 fixed manufacturing overhead.

Again, since the net loss operating loss was $55,000, the $145,000 would increase that loss by $90,000.

7 0
3 years ago
Blanchard Company manufactures a single product that sells for $190 per unit and whose total variable costs are $150 per unit. T
iVinArrow [24]

Answer:

The amounts of pretax and after-tax income can the company expect to earn from these predicted changes are $1,795,000  and $1,436,000  respectively.

Explanation:

The sales less the variable cost gives the contribution margin.

The contribution margin less the fixed cost gives the net operating income.  Furthermore, net income is the difference between the total sales and the total costs (fixed and variable).

Both sales and variable cost are dependent on the number of units sold.

with these expected changes,

Pretax Income

= 40,500($205 - $145) - $635,000

= $1,795,000

After tax income

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4 0
3 years ago
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fenix001 [56]

Answer:

conjoint analysis

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In the market research study being described, they were using conjoint analysis. This is a statistical technique that helps determine how potential customers value different attributes such as a specific feature, function, or benefit that makes up an individual product or service. In this particular scenario, Jamie was asked to rank the different computers based on each ones unique/different criteria or features.

4 0
3 years ago
The Information Technology Infrastructure Library (ITIL) is a document of operational rules help desk organizations must follow
murzikaleks [220]

Answer: B. False

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Information Technology Infrastructure Library (ITIL) is a framework of best practices for delivering IT services to businesses and management generally. The main aim of ITIL is to focus IT in managing the needs of a business.

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