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2 years ago

The demand for a product is likely to be more elastic:

1 answer:

6 0

The demand for a product is likely to be more elastic if there is a presence of more time passes which is letter c. As a demand of a product will likely be affected with the price changes over the period of time. It is because a demand elasticity occurs when there is a presence of change in regards to the demand for goods, such examples are the income of the consumer.

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Which of the following is false?

yanalaym [24]

Answer:

Explanation:

Guanxi is the system of social networks and influential relationships to establish trust which in turn facilitates business dealings.

Japanese youth display extremely positive attitudes toward Western goods, from popular music to Louis Vuitton haute couture and Nike sneakers.

To counter the influence of Mattel's Barbie and Ken dolls on Iranian values, Iran's ministry of educations marketed its own Dara and Sara dolls. Also, one toy seller explained that playing with Mattel's golden-haired, skimpily dressed Barbie may lead girls to grow up into women who reject Iranian values.

So, B, C, and D are true.

Therefore, the answer is option A.

4 0

2 years ago

Explain why each of the following statements is a rationale for conducting active or passive policy: Economic circumstances can

Vladimir79 [104]

Answer:

The rationale for conducting active policy is the interest of Congress to alter the state of the economy through a deliberate change in established policies.

But in the case of Passive policy, the government permits the status quo.

Active policy relies on the government to enforce it while passive policy does not need the government's interference to work in stabilizing the economy.

Explanation:

The following statements applies passive policy because the economy is expected to stabilize on it's own without the deliberate act of congress influencing it:

Economic circumstances can change dramatically between the time that an economic downturn begins and the time when policy actions have an effect on the economy.
Fluctuations in economic output have been less severe since World War II.

The following statements is a rationale for conducting active policy since the government's intervention is required:

Economists are not very accurate forecasters.
Increases in government spending generate increases in economic output.

6 0

2 years ago

"Net income for the period was $200,000. The retained earnings account had a beginning balance of $25,000. If the company paid d

solmaris [256]

Answer:

Retained earning balance at the end would be = $205,000

Explanation:

Retained earnings at the end = Retained earning at the beginning + Net income - Dividend paid

The net income would increase the balance of the retained earnings hence it is added to it.

The Dividend paid would be a cash outflow which would reduce the balance of the retained earnings, hence it is deducted from it.

So applying this to the question, we have

Retained earning balance at the end would be:

25,000 + 200,000 - 20,000 = $205,000

Retained earning balance at the end would be = $205,000

3 0

2 years ago

Suppose that a university decides to spend $1 million to upgrade personal computers and scientific equipment for faculty rather

Vladimir [108]

Answer:

Opportunity cost 

Explanation:

Suppose that a university decides to spend $ 1 milion to upgrade personal computers and scientific equipment for faculty rather than spend $ million to expand parking for students . This example illustrates opportunity costs.

Opportunity cost refers to the cost shifting one opportunity to another opportunity or availing one opportunity in terms of another.

Formula of Opportunity cost is :

Opportunity cost = Total Revenue - Economic Profit

Opportunity cost = What one sacrifice / What one gain

In Opportunity cost we chose one thing or option over the cost of another thing or option. Opportunity cost places a important role in economic theory .

As it tell us that people can choose only one thing not the both things at the sane time.

3 0

2 years ago

Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2015.

liraira [26]

Answer:

1. Income statement for 2016.

Sales revenue ($1,661,000 + $15,000) $1,676,000

Less Cost of Sales

Purchases ($1,490,000 + $145,000) ($1,635,000)

Gross Profit $41,000

Less Expenses

Office Expense $95,000

Salaries and wages expense $955,000

Utilities Expense $530,000 ($1,580,000)

Net Loss ($1,539,000)

2. Statement of retained earnings for the fiscal year ended August 31, 2015.

Retained Earnings Beginning $410,000

Dividends $10,000

Retained Earnings Closing $400,000

Explanation:

Income statement calculates profit : Profit = Gross Profit (Sales - Cost of Sales) - Expenses. Whilst Statement of retained earnings calculates closing balance in Retained Earnings : Closing Balance = Opening Balance + Profit for the year - Dividends

7 0

2 years ago

The demand for a product is likely to be more​ elastic:

The demand for a product is likely to be more elastic: