Answer: c. Pure subsistence economy
Explanation:
Marketing is needed in an economy where there are at-least two parties who want to exchange goods or service for money or something else. However, in a pure subsistence economy the goods are produced for self subsistence and not for exchange in the market. It is an economy in which each family unit produces everything that it consumes. In such subsistence economies there is no need for marketing.
Answer:
The surface area that is painted green is 120 cm2.
Explanation:
i just did a test with this question
Without reading to far into it the answer will be C
Answer and Explanation:
The journal entry to record the distribution is as follows;
But before that following calculations need to be required
Capital, Henry = $45,000
Capital, Luther = $37,000
Capital, Gage = -$5,000
Now there is a deficiency in the gage capital account i.e. $5,000 should be borne by Henry and Luther in equal ratio i.e. $2,500 each
Now the henry final balance is
= $45,000 - $2,500
= $42,500
And, the luther final balance is
= $37,000 - $2,500
= $34,500
Now the journal entry is
Henry, capital $42,500
Luther, capital $34,500
To Cash $77,000
(Being distribution is recorded)
here the capital account is credited as it reduce the stockholder equity and cash is credited as it also reduced the assets
Answer:
(g) Between 0 and -S7.5k because residents can substitute to other products
Explanation:
Data given in the question
Increase in price of typical soda = 10 cents
Total consumed = 150,000 sodas [er day
Dropped quantity = 75,000 sodas
So by considering the above information, the per day compensating variation of the tax varies from 0 and - 7,500
Since the sugar sweetened sodas is treated as a normal goods. Moreover, people can substitute the other goods also if there is an increase in a price of the good
The -7,500 is come from = (-75,000 × 0.10)
The options are as follows
(a) Greater than -$15k because soda is a luxury good with income (b) -$15k because that is the old consumption level times the value of the tax (c) Between -S7.5k and -$15k because soda is a luxury good elasticity > 1 with income elasticity >1 (d) Between -$7.5k arti -$15k because residents can substitute to other products (e) -$7.5k because that is the new consumption level times the value of the tax ()-$7.5k because that is the change in consumption times the value of the tax (g) Between 0 and -S7.5k because residents can substitute to other products (h) Between 0 and -$7.5k because because beverages are typically necessity goods with 6) Nothing because there was no effect on income G) It is impossible to say without knowing consumers' marginal rate of substitution income elasticity less than 1
