All categories

3 years ago

What will cause demand to change?

Business

1 answer:

pickupchik [31]3 years ago

5 0

Demand for a good is affected by the price, and the type of good. If the price is an inferior good the demand decreases when the price goes down, and vice versa for a normal good. So we can say for certain that a price change will always affect demand. So the answer is A.

You might be interested in

Indicate which of the following statements is true. a. Public transportation may be covered by an employer-provided spending acc

lukranit [14]

Answer:

B.Dependent care plans can only be used to cover the costs of caring for a dependent child

Explanation:

Dependent Care with the high cost of child care these days a Dependent Care Account makes it easy to save on taxes.

5 0

3 years ago

The production function is f (L, M) = 5L1/2M1/2, where L is the number of units of labor and M is the number of machines. If the

Anton [14]

Answer:

The correct answer is option d.

Explanation:

The production function is given as:

f (L, M) = $5L^{1/2} M^{1/2}$

The total cost will be

= wL + rM

Here, w is the cost of labor or wages and r is the cost of capital or rent.

The cost of labor is given as $9 per unit and the cost of using machine is $64 per machine.

MPl

= $\frac{dQ}{dL}$

= $\frac{5}{2}\frac{M}{L}^{1/2}$

MPm

= $\frac{dQ}{dM}$

= $\frac{5}{2}\frac{L}{M}^{1/2}$

$\frac{MPl}{MPm} = \frac{9}{64}$

$\frac{M}{L} = \frac{9}{64}$

M = $\frac{9}{64}L$

f (L, M) = $5L^{1/2} M^{1/2}$

12 = $5L^{1/2} \frac{9}{64}L^{1/2}$

12 = $\frac{15L}{8}$

L = $\frac{96}{15}$

L = 6.4

M = $\frac{9}{64}\times 6.4$

M = 0.9

Total cost

= wL + rM

= 6.4 $\times$ 9 + 0.9 $\times$ 64

= 57.6 + 57.6

= $115.2

6 0

3 years ago

An average of ____________ people in the united states fall victim to hate crimes each year. question 8 options: 150,000 250,000

Andreas93 [3]

195,000

An average of 195,000 people in the United States fall victim to hate crimes each year. This is according to FBI report in 2010. Fewer than 5% of this number report the crime.

A hate crime is a crime committed due to hate of personal biases. Majority of hate crimes are due to a person's race. Aside from this, people fall victim to hate crime because of his/her religion, sexual orientation, ethnicity, or disability.

3 0

4 years ago

Managers often use the promotion-to-sales ratio on their marketing dashboards to assess how effective the integrated marketing c

densk [106]

Answer: D. Profits

Explanation:

The Integrated Marketing Communications program uses various marketing channels to try to convince a buyer to patronize a company by sending them messages and adverts through those various channels thereby integrating them to create a cohesive approach.

Users can use the promotion-to-sales ratio to check how well the program is at generating sales and by extension, profits. This is done to ensure that the costs of the program are yielding fruit.

8 0

3 years ago

Ted, a used car dealer, entered into a written agreement to sell a car to Debra, a sixteen year old high school junior. The agre

Zepler [3.9K]

Answer:

d. Debra will prevail, as Ted is bound to the contract

Explanation:

Options are <em>"a. Ted will prevail because Debra was a minor when the contract was formed b. the contract is illegal c. the contract is void d. Debra will prevail, as Ted is bound to the contract"</em>

The general rule is that a minor can enter into any contract an adult can, provided that the contract is not one prohibited by law for minors such as the sale of alcoholic beverages or tobacco. Debra is a minor (below age of 18) and she can honor the contract or make it Void. Since she did not make it Void the contract, Ted is bound to the contract as per the Contract Act. So, Debra can recover because Ted was bound to the agreement. Hence, the correct answer is <u>Debra will prevail, as Ted is bound to the contract</u>.

4 0

3 years ago