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zheka24 [161]
3 years ago
15

Please help me w this one multiple choice question (Principles of Business (P.O.B.)​

Business
1 answer:
Leno4ka [110]3 years ago
3 0

The correct answer to this question is choice A.

The definition of Imperfect Competition is when there is a situation in a market where there are features of a competitive market, but also characteristics of a monopoly. The other three choices are characteristics of a competitive market.

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A 10% decrease in the price of gas grills leads to a 15% increase in the demand for flank steaks. The cross-price elasticity of
Licemer1 [7]

Answer:

B) -1.5

Explanation:

Cross-price elasticity of demand is calculated by dividing the percentage change in quantity demanded of good A by the percentage change in price of good B.

cross-price elasticity of demand = change in demand of flank steaks / change in price of gas grills = 15% / -10% = -1.5

3 0
3 years ago
Read 2 more answers
When people estimate their confidence while providing eyewitness testimony?
babymother [125]
<span>they are almost as confident about their incorrect memories as they are about their correct memories.</span>
4 0
3 years ago
"The Bank of England is concerned that the British Pound is weakening against the U.S. Dollar. A method for the Bank of England
sukhopar [10]

Complete/Correct Question:

The Bank of England is concerned that the British Pound is weakening against the U.S. Dollar. A method for the Bank of England to strengthen its currency would be to:

A. raise British interest rate levels

B. lower British interest rate levels

C. raise U.S. interest rate levels

D. lower U.S. interest rate levels

Answer:

A, raise British interest rate levels

Explanation:

Increasing the interest rate levels of the British will help strengthen the pound against the Dollar. This would mean that the United States is offering lower interest rate.

This is possible because a higher interest rate means that lenders will make higher returns compared to countries with lower interest rates.

Cheers.  

8 0
2 years ago
Which of the following tabs on the ribbon contains the command to record macro
just olya [345]

Answer: insert

Explanation:

Because that’s where you use videos and pictures as well as audio recordings

7 0
2 years ago
The direct write-off method of accounting for bad debts uses an allowance account. uses a contra asset account. is the preferred
jeyben [28]

Answer:

The correct answer is letter "D": does not require estimates of bad debt losses.

Explanation:

There are mainly two approaches while recognizing bad debts (unpaid debts):  <em>the allowance method </em>and <em>the direct write-off method</em>. Using the allowance method the unpaid account receivable goes through a series of stages until it is recognized as a bad debt. There are no set criteria to do so. When the firm eventually recognizes and calculates the amount of a bad expense, it is recorded in an allowance account. The negative balance diminishes the company's revenue.

The direct write-off method does not generate any allowance account. The account receivable is simply written-off after the company determines the debt as uncollectible. Thus, there is no need to estimate bad debt losses using this approach.

8 0
3 years ago
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