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Lelechka [254]
2 years ago
11

The incomes of consumers goes up. If higher incomes lead to greater demand, you are assuming tennis rackets are a ____________ g

ood
Business
1 answer:
kodGreya [7K]2 years ago
5 0

Tennis rackets are a normal good.

<h3>What is a normal good?</h3>

A normal good is a good that has a positive relationship with income. When income increases, the demand for the good increases and when income declines, the demand for the good declines.

On the other hand, an inferior good is a good that has a negative relationship with income. When income increases, the demand for the good decreases and when income declines, the demand for the good increases.

To learn more about normal goods, please check: brainly.com/question/2934596

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What would be some difficulties encountered in trading during the vedic age?
Brilliant_brown [7]
Since the vedic age existed circa 1750–500 BC, both <u><em>technology</em></u> would have greatly limited what could be developed for trade, and <u><em>transporation</em></u> (roads) would have been very underdeveloped between distant villages, thus, this would have been a limiting factor on the types of goods that could have been traded (i.e. mostly goods available in the local region would have been available for trade)
5 0
3 years ago
Katherine gives piano lessons for $15 per hour. She also grows flowers, which she arranges and sells at the local farmer's marke
katrin2010 [14]

Answer:

The accounting profits are $100, and the economic profits are $25

The option C. is correct

Explanation:

Accounting profit: The accounting profit is computed by subtracting the sales amount with the expenses.

In mathematically,

Accounting profit = Sales revenue - expenses

                             = $150 - $50

                             = $100

In this, the expense is the seeds cost

And, the economic profit is calculated by subtracting the accounting profit with the implicit cost

In mathematically,

Economic profit = Accounting profit - implicit cost

                          = $100 - $75

                          = $25

The implicit cost is computed by

= Per hour piano charges × number of hours

= $15 × 5

= $75

Hence, the accounting profits are $100, and the economic profits are $25

7 0
3 years ago
FedEx offers its customers fast and reliable package delivery. When FedEx customers weigh these benefits against the monetary co
Dahasolnce [82]

Answer:

They are acting upon perceived customer value.

Explanation:

In the field of marketing, perceived customer value can be defined as the clients' assessment of the cost of the product and services weighed against its capacity to live up to their needs and desires, particularly in comparison with it's peers. Marketing experts always attempt to impact customers' apparent perception of an item by depicting the qualities that make it better than the competition. In this way, the marketers alter the customers perceived value.

Perceived customer value usually involves the monetary cost of the product or services. It all comes down to how the customer views the price of that particular product or service weighed against the benefits. In simpler terms, the customer is always deciding if purchasing the product is worthwhile. When the customers feel that the cost doesn't march the benefits, then there are higher chances of the customers not purchasing  the product or service, especially if the competition offers a lower cost.

In the case of FedEx customers, they are trying to weigh the benefits against the monetary cost of using the reliable package delivery service. In this way, they are acting upon perceived customer value.

4 0
4 years ago
Walter’s dividend is expected to grow at a constant growth rate of 6.50% per year. What do you expect to happen to Walter’s expe
denpristay [2]

Answer:

A. It will stay the same.

Explanation:

The formula to compute the dividend yield is shown below:

= (Annual dividend ÷ market price) × 100

Since in the question, it is given that the expected dividend is growing at the constant growth rate i.e 6.50%, so the expected dividend yield will remain the same in the future.  

As it shows a direct relationship between the growth rate and the dividend yield plus the market price is growing at a steady rate

3 0
3 years ago
________ is a tool used to visually display how consumers perceive the position of products or brands in the market on different
Alexxandr [17]

Answer: A Perceptual Map

Explanation:

A Perceptual Map also known as a product positioning map is a pictorial representation of how consumers sees a product as it relates to their competitors in the market.

6 0
4 years ago
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