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Mazyrski [523]
3 years ago
5

Consider the restaurant Jack in the Box. As a student, you visit Jack in the Box every week. After graduating college, you (and

many other students) started a job paying more than $60,000 per year. Assuming that the number of graduating students is large enough to influence the market, what will happen to the equilibrium price and quantity of Jack in the Box burgers
Business
1 answer:
quester [9]3 years ago
3 0

Answer:

well there is many factors that can effect this. the burgers will go up because that's what you are used to eating and find comfort in. and the other college students will also eat there.

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Alexxandr [17]

The steps in the consumer decision process are:

Recognize the need- Recognizing the need for a product or service

Gather Information- consumer gathers information on the options in the market

Alternative evaluation- Consumer weighs their options among alternatives

Purchase decision- Customer makes the purchase

Post purchase evaluation - Customer reflects on purchase

5 0
4 years ago
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A law passed increasing the minimum wage by 10%.
MatroZZZ [7]

The increase in the minimum wage in the economy would cause employers to increase charges that they give to consumers by about 4 percent.

<h3>What is the impact of minimum wage on goods?</h3>

When minimum wage is raised in the economy, it means that the employers of labor would have to pay more operational cost for labor.

The effect that this would have on goods is that the people that consume the goods would have to pay extra for them.

Based on research, an increase in minimum wage raises prices by 4 percent in the economy.

Read more on minimum wage here:brainly.com/question/1461885

6 0
2 years ago
A revenue account is increased by debits. is decreased by credits. has a normal balance of a debit. is increased by credits.
Elenna [48]

Answer: is increased by credits

Explanation:

Revenue accounts are increased by credits because they are an equity account and equity accounts increase by credit. This is because the corresponding entry would be an asset such as cash and as the asset has to increase by being debited, revenue must be increased by credit.

Other accounts that are increased by credit include liabilities. Accounts that increase by debits apart from assets include purchases and expenses.

5 0
3 years ago
A lender determines that a homebuyer can afford to borrow $220,000 on a mortgage loan. The lender requires an 85% loan-to-value
Dmitry [639]

Answer:

D: $259,000

Explanation:

The computation of the paying amount which borrower can pay for a property is shown below:

= Mortgage loan amount for borrow ÷  loan-to-value ratio

= $220,000 ÷ 85%

= $258,823.53

= $259,000 round off

We simply divide the mortgage loan by the loan to value ratio so that paying amount could arrive which borrower can pay for a property.

7 0
3 years ago
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Option "C" is the correct answer to the following question.

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The ecosystem contains all abiotic features such as temperature, salinity, soil type, or water scarcity, and biotic aspects such as food supply, habitat, pests, pathogens, or information.

Customers are pushing hard for companies to develop goods and services that clearly end up saving energy and provide a common theme regarding today's environment

Therefore "C" is the correct answer.

5 0
4 years ago
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