Which of the following is not scarce according to the economic definition?a. Coalb. Foodc. Timed. Workerse. None of the above

Answers

Answer 1

None of the above is the correct answer when it comes to the economic definition of scarcity. scarcity is an economy.

It is the result of unlimited wants and needs, combined with limited resources to satisfy them. this means that there is a finite amount of resources available, and therefore the resources must be allocated to satisfy the greatest needs of society. coal, food, and time are all considered scarce resources according to the economic definition of scarcity. Coal is a finite resource, meaning that it will eventually run out due to its limited availability.

food is a finite resource, as it is necessary for human survival and there is only a limited amount of food available. time is also a finite resource, as no one can add more time to their day. the worker is not considered a scarce resource according to the economic definition of scarcity, as there are a finite number of workers available, but the demand for them is not infinite, this means that the price of workers can be adjusted to meet the demands of the market and their availability is not limited,

To know more about scarcity refer to the link  brainly.com/question/13186252

#SPJ4


Related Questions

what should the local regulatory authority do during an inspection?

Answers

These regulatory agencies send inspectors to facilities on occasion to check on operations and make sure they are following all laws, rules, and regulations.

What is the purpose of an inspection by a regulatory authority?

At the state and local levels, rules are written and enforced. In order to ensure the food they serve is safe, all businesses need to follow certain procedures. The operation is informed that it complies with the minimum requirements through the inspection procedure.

What roles and responsibilities does the regulatory authority play?

safeguarding the public interest. monitoring compliance with other legal and regulatory requirements, as well as contractual obligations to the government and users. monitoring compliance with technical, safety, and quality standards (if they are not specified in the contract agreements). Our government's efforts to protect the environment, increase workplace safety, and improve transportation safety all depend on inspections.

To learn more about regulatory agencies here:

https://brainly.com/question/15927707

#SPJ1

Business _ are centers that offer businesses in the critical stage of early development low-cost offices and access to basic services such as accounting, legal advice, and secretarial help

Answers

Business incubators are centres that offer businesses in the critical stage of early development low-cost offices and access to basic services such as accounting, legal advice, and secretarial help.

What are business incubators?

Business incubators are an organization that helps startup companies and individual entrepreneurs to develop their businesses by providing a fullscale range of services starting with management training and office space and ending with venture capital financing. The National Business Incubation Association (NBIA) defines business incubators as a catalyst tool for either regional or national economic development.

NBIA categorizes its members' incubators by the following five incubator types: academic institutions; non-profit development corporations; for-profit property development ventures; venture capital firms, and a combination of the above.

Learn more about incubators, here:

https://brainly.com/question/24750786

#SPJ1

How many copper per pound?

Answers

The weight of copper per pound can range from 3.55 to 4.95 pounds.

Copper is a widely used metal that is utilized in various applications, including electrical wiring, plumbing, and roofing.

The number of copper per pound is determined by the weight and purity of the metal. Copper is often measured in pounds per square inch (PSI) or pounds per cubic foot (PCF).

In general, the weight of copper per pound can range from 3.55 to 4.95 pounds.

However, the weight of copper is not the only factor that determines the number of copper per pound. Purity is also a crucial factor. Copper is often alloyed with other metals, such as zinc, nickel, or tin, to improve its properties. The purity of copper is measured in terms of its percentage composition.

To know more about weight here.

https://brainly.com/question/1825239

#SPJ4

the unadjusted trial balance lists supplies with a balance. after taking an inventory of supplies, it was found that were on hand. the adjustment to supplies expense is a:

Answers

The unadjusted trial balance lists supplies with a balance. After taking an inventory of supplies, it was found that were on hand. The adjustment to supplies expense will depend on the amount of supplies that were found to be on hand after the inventory.

Here are the steps you can take to determine the adjustment:

Determine the original balance of the supplies account on the unadjusted trial balance.Determine the amount of supplies that were found to be on hand after the inventory.Calculate the difference between the original balance of the supplies account and the amount of supplies on hand. This difference represents the amount of supplies that were used during the period.Adjust the supplies expense account by debiting it for the amount of supplies used during the period and crediting the supplies account for the same amount.

For example, let's say the supplies account on the unadjusted trial balance has a balance of $1,000, but after the inventory, it was found that only $500 worth of supplies were on hand. The adjustment to supplies expense would be:

Debit Supplies Expense: $500

Credit Supplies: $500

This adjustment recognizes the fact that only $500 worth of supplies were used during the period, and expenses that amount accordingly.

For more such questions on Trial Balance: brainly.com/question/13927466

#SPJ4

what is the cash-on-cash return for an owner who purchases a $5,000,000 property, with an noi of $500,000 using all cash...?

Answers

The cash-on-cash return for an owner who purchases a $5,000,000 property with an NOI of $500,000 using all cash can be calculated by dividing the annual cash flow by the initial investment.

In this case, the annual cash flow or NOI is $500,000. The initial investment is $5,000,000. Therefore, the cash-on-cash return would be 10% ($500,000/$5,000,000).

This means that for every dollar invested, the owner would receive a return of 10 cents in the first year. The cash-on-cash return is an important metric used by real estate investors to determine the profitability of a property investment.

It is important to note that the cash-on-cash return does not take into account any financing costs or other expenses related to the property. It is also important to consider other factors such as appreciation, tax benefits, and potential future income growth when evaluating a real estate investment.

For more such questions on returns

https://brainly.com/question/6354635

#SPJ4

what is the average number of careers a person has in his or her lifetime after the age of 25? a. 5 to 7 b. 12 to 15 c. 20 to 25

Answers

12 to 15 is the average number of careers a person has in his or her lifetime after the age of 25.  The answer is OPTION B.

Between the ages of 18 and 54, these younger baby boomers worked an average of 12.4 jobs. In this report, a job is referred to as a continuous period of employment with a specific employer.

Men held 12.6 jobs on average, while women held 12.3 jobs. Over the course of their working lives, the average person will change careers 3–7 times. Due to the widening range of employment options, 30% of the workforce will now switch careers or jobs every 12 months. The answer is OPTION B.

To learn more about average, click here.

https://brainly.com/question/13448517

#SPJ4

Support activities, according to the value chain, are the actions a firm takes to directly provide a product or service to customers.TrueFalse

Answers

‘Support activities, according to the value chain, are the actions a firm takes to directly provide a product or service to customers. This is false.

What is value chain?

From a product's initial design to its delivery to a customer, there are a number of sequential stages that make up a value chain. The supply chain identifies every point of production, including the sourcing, manufacturing, and marketing phases, where value is added.

A business analyses its value chain by analysing the specific processes engaged in each stage of its operations. A value-chain analysis' goal is to boost manufacturing efficiency so that a business can provide the most value for the least amount of money. It's essential for companies to maintain customer confidence and security so they can keep them as loyal customers in addition to making sure production processes are seamless and effective. Value-chain studies can also be useful here.

Learn more about value chain-

https://brainly.com/question/13439824

#SPJ4

one benefit of a large sample that exceeds the minimum power analysis size is that it...

Answers

One benefit of a large sample that exceeds the minimum power analysis size is that it Enhances the external validity of the study.

Power analysis in business refers to the process of analyzing the power dynamics and relationships within an organization or industry. This involves identifying the individuals or groups that hold the most influence, control, or decision-making power within the organization or industry.

Power analysis can be used to better understand the dynamics of a particular situation, such as a negotiation or conflict resolution, and can help organizations identify areas where power may be imbalanced or where opportunities for collaboration or partnerships exist.

Overall, power analysis is a valuable tool for businesses to gain a more nuanced understanding of the complex relationships and dynamics at play within their organization or industry, and to use this knowledge to make more informed decisions and achieve their strategic objectives.

To learn more about Power analysis visit here:

brainly.com/question/30188744

#SPJ4

A legal entity owned by shareholders whose liability for the firm's losses is limited to the value of the stock they own. Is called

Answers

A corporation is a legal entity owned by shareholders whose liability for the losses of the firm is limited to the value of the shares they own. This type of business structure differs from a sole proprietorship or partnership in that the owners are not personally liable for any business obligations or debts.

The company is a separate legal entity and has its own rights, privileges and obligations distinct from those of the owners. Corporations can be formed through a state filing process or through a private agreement between shareholders. However, companies are subject to double taxation on their profits and have more complex accounting and legal requirements.

To know more about corporation click here

https://brainly.com/question/30029715

#SPJ4

The promotion mix includes advertising, public relations, sales promotion, and personal selling. How would you classify each of the following promotion efforts?
1. McDonald’s uses television to tell consumers about how they can receive free french fries with the purchase of a Big Mac.
2. A Toyota salesperson tells customers about the quality of Michelin tires.
3. CNN has a story about Energizer’s latest ad campaign. The story features a commercial with the Energizer bunny.
4. Quaker Oats places an ad in Good Housekeeping magazine with a coupon attached.
5. A pharmaceutical salesperson leaves free samples with a physician.
6. When you buy a tube of crest toothpaste and you get a free toothbrush with it.
7. After every five visits to Rafferty’s Restaurant you get a free dessert.
8. You are watching the Cleveland Indian’s and the Chicago Cubs world series game and you see a commercial for Carnival Cruise line showing people relaxing on a beach in Mexico.

Answers

Because they must be altered frequently to be effective, sales promotions are typically short-lived. Because of its wide range of variations, it has always been seen as falling under the "other" category in the promotional mix. To increase demand and jump-start sales, that is the aim.

A Sales Marketing and Publicity

Advertising and sales promotion are the following: b. Personal selling; c. publicity and/or public relations; and d.

Personal sales and sales promotion.

A company's sales efforts can be augmented by effective public relations strategies, which can help it build relationships with its clients, advertise its products, and promote its services. PR gives news articles a good spin and is frequently thought of as unbiased and objective promotion as opposed to other types of promotion.

Learn more about promotions  here:

https://brainly.com/question/26239758

#SPJ4

the market structure called perfect competition is best described as

Answers

Pure or perfect competition is a market structure in which there are many tiny enterprises competing with one another.

What is perfect competition?

A market structure characterized by a high number of small businesses competing against one another is known as pure or perfect competition.

Because no single firm has a sizable amount of marketing power to affect market prices, the industry as a whole operates at its best level of output.

It has been shown in theoretical models with the perfect competition that a market will find equilibrium when the amount supplied for each good or service, including labor, equals the amount sought at the current price.

A Pareto optimal equilibrium would be this one.

Therefore, pure or perfect competition is a market structure in which there are many tiny enterprises competing with one another.

Know more about the perfect competition here:

https://brainly.com/question/1488584

#SPJ1

Correct question:

The market structure called perfect competition is best described as _____.

what customer segment(s) does your company sell your product to? low tech high tech distributors a and b

Answers

Option first is correct. Low-tech High-tech Customer segments to which your company sells products.

The term business-to-consumer (B2C) refers to the process of selling products and services directly between a business and the consumer, the end user of that product or service. Most companies that sell directly to consumers are B2C companies.

B2C was very popular during the dot-com boom of the late 1990s, used by online he merchants who sell products and services to consumers, primarily through the Internet.

As a business model, business-to-consumer is very different from the business-to-business (B2B) model, which refers to transactions between two or more businesses. Business-to-consumer refers to the process by which a business sells products or services directly to consumers without intermediaries.

B2C usually refers to online merchants who sell products and services to consumers over the Internet. Online B2C has become a threat to traditional retailers who profit from adding markup. But companies like Amazon, eBay, and Priceline thrived and eventually became industry disruptors

Know more about segments here:

https://brainly.com/question/28964140

#SPJ4

jones company has the following information: total estimated manufacturing overhead costs $200,000 total estimated direct labor costs 800,000 actual direct labor costs 50,000 actual manufacturing overhead costs 210,000 what is the predetermined overhead allocation rate based on direct labor costs as a single plantwide rate?

Answers

The predetermined overhead allocation rate 25%

How to calculate the  predetermined overhead allocation rate

The predetermined overhead allocation rate can be calculated as follows:

Predetermined overhead allocation rate = Estimated manufacturing overhead costs / Estimated direct labor costs

In this case, the estimated manufacturing overhead costs are $200,000 and the estimated direct labor costs are $800,000. Therefore:

Predetermined overhead allocation rate = $200,000 / $800,000 = 0.25 or 25%

This means that for every dollar of direct labor costs incurred, the company will allocate 25 cents of overhead costs.

Learn more about Predetermined overhead allocation rate at:https://brainly.com/question/14095583

#SPJ1

the pricing strategy for 3m’s post-it® flag highlighters was to

Answers

Option b. charge a price that would give/provide a reasonable bookstore price to students and an acceptable profit to distributors and 3M.

Businesses can use different pricing strategies when selling their products and services.

To determine the most effective pricing strategy for a company, executives must first identify the company's pricing position, price segments, pricing capabilities, and competitive pricing strategies.

Pricing strategies and tactics vary from company to company and vary across countries, cultures, industries and over time as industries and markets mature and general economic conditions change.

A pricing strategy determines the price a company sets for its products. Pricing can be set to maximize profitability from each unit sold or the market as a whole.

It can also be used to defend an existing market from new entrants, increase market share within a market, or enter new markets.

Pricing strategies can bring both competitive advantages and disadvantages to a company, and often determine the success or failure of a company. Therefore, choosing the right strategy is important.

To learn more about pricing strategies, here:

https://brainly.com/question/28797815

#SPJJ4

Complete question:

3M's pricing strategy for its Post-it ® Flag Highlighters was as follows:

a. match its principal competitors' highlighters' prices.

b. charge a price that would give a reasonable bookstore price to students and an acceptable profit to distributors and 3M.

c. set an initially low price with the intent of bringing down the price even further later if sales were less than anticipated.

d. make the product easier to purchase by placing the Post-it ® Flag Highlighter in discount office supply retailers.

e. use the same pricing strategy as its 3M's Post-it ® Flag and Post-it ® Note offerings.

what company sponsored the halftime performance 2023?

Answers

Every year since the beginning of the show, Apple Music has served as the primary presenting sponsor. The "Apple Music Halftime Show" is now in existence.

Are the halftime entertainers in 2022 paid?

The NFL does not pay halftime performers a "appearance fee, but the artists are definitely paid union scale," according to NFL Vice President of Communications Brian McCarthy in a statement to Newsweek.

What three companies will run ads during the 2023 Super Bowl?

This year, co-branded advertisements should be expected from brands. Netflix and General Motors have a partnership. Instacart and Netflix have joined together with Michelob Ultra. For a consumer wager, Molson Coors is partnering with DraftKings to choose whether Coors Light or Miller Lite will be featured in the company's Super Bowl commercial.

To know more about Halftime Show visit :-

https://brainly.com/question/30515040

#SPJ4

one of the most important motives for brands to acknowledge is when people ask, 'what’s in it for me?' what type of impulse does this best describe?

Answers

This impulse is often characterized by the desire to fulfill personal needs and desires, including the need for security, recognition, achievement, and satisfaction.

The motive for brands to acknowledge the question, "what's in it for me?" is typically driven by the self-interest impulse.

When people ask this question, they are essentially trying to understand the benefits that the brand or product can offer them, and whether or not it aligns with their personal values and goals. As such, brands that can effectively answer this question and address the self-interest impulse are more likely to be successful in engaging and retaining their target audience.

To learn more about recognition here:

https://brainly.com/question/15056491

#SPJ4

with respect to critical audit matters, which of the following statements are true? they are included in the audit report of an issuer entity they are not included in the audit report if the explanatory paragraph needs to be included. they are communicated to the audit committee they are included only if auditor issues a modified audit opinion

Answers

The statement "they are included only if the auditor issues a modified audit opinion" is not true. CAMs are required to be communicated in the auditor's report even if the audit opinion is unmodified.

What are CAMs?

Generally, The statement "they are included in the audit report of an issuer entity" is true with respect to critical audit matters.

Critical audit matters (CAMs) are required to be communicated in the auditor's report for audits of large accelerated filers in the United States, as mandated by the Public Company Accounting Oversight Board (PCAOB). CAMs are matters that are communicated or required to be communicated to the audit committee that (1) relate to accounts or disclosures that are material to the financial statements and (2) involve especially challenging, subjective, or complex auditor judgment.

The statement "they are not included in the audit report if the explanatory paragraph needs to be included" is not true. CAMs are included in the auditor's report regardless of whether an explanatory paragraph is needed.

The statement "they are communicated to the audit committee" is also true. As per the PCAOB standards, CAMs are required to be communicated to the audit committee in writing.

Read more about CAMs

https://brainly.com/question/2272583

#SPJ1

The financial market first started over 500 years ago with merchants trading debts. True or False?

Answers

True. The concept of financial markets has been around for centuries, with the earliest known example being the trading of debts by Italian merchants in the 13th century.

What was the origin of the financial market more than 500 years ago?

More than 500 years ago, merchants swapping debts marked the beginning of the modern financial market. The financial markets are a recent technological innovation that dates back only about 50 years.

Is the financial market the smallest one there is?

One of the smaller markets in the world economy is the financial one. One of the most crucial markets for economic expansion is the financial one. The only businesses and rich individuals who care about the financial market.

To know more about financial markets, visit:

brainly.com/question/28319655

#SPJ1

in what way are employee benefits actually better than wages?

Answers

Employee benefits and wages both play important roles in an employee's compensation package. While wages provide regular income to employees, employee benefits can offer additional value and support.

Here are a few ways in which employee benefits may be better than wages:

Health benefits: Many employers offer health insurance as a benefit to their employees, which can be costly to purchase on an individual basis. Health benefits can provide access to medical care, preventative services, and prescriptions that employees may not be able to afford otherwise.

Retirement benefits: Retirement benefits such as 401(k) plans or pensions can provide employees with a way to save for their future and provide financial security after they stop working. Some employers may also offer matching contributions to these plans, which can help employees build their savings even faster.

Paid time off: Benefits such as paid vacation time, sick leave, and holidays can give employees the opportunity to take time off when they need it, without sacrificing their income. This can improve work-life balance and reduce stress, ultimately leading to higher job satisfaction.

Work-life benefits: Some employers offer benefits such as flexible work schedules, remote work options, or on-site childcare that can help employees balance their work and personal responsibilities.

Overall, employee benefits can provide additional value and support to employees beyond their regular wages. This can improve job satisfaction, attract and retain top talent, and ultimately benefit both the employee and the employer.

To learn more about employee benefits, click here:

https://brainly.com/question/15177448

#SPJ4

what is accrual basis accounting

Answers

The accrual basis accounting is the process of accounting which recogines business's revenue and the matching expenses which are generated but not when the money acutally changes hands.

The accural accounting is the method of accounting where the revenues and the expenses are recorded which is eanred unless the money is actually received or paid.

There are 3 basic kinds of accrual basis accounts, the matching expenses which are generated but not when the money acutally changes hands.which are accounts receivable, accounts payable, accrued revenue and the accrued liabilities.

To know more about accrual basis accounting  here,

https://brainly.com/question/29108212

#SPJ4

Suppose your expenses for summer school are as follows: tuition: $5,000, room and board: $3,000, books and other educational supplies: $500. Further, during the term, you can only work part-time and earn $4,000 instead of your full-time salary of $10,000. What is the opportunity cost of going to college this term?

Answers

The opportunity cost of attending college this semester is $6500.

Using the following formula, opportunity cost is determined as follows: Opportunity Cost is calculated as Return on the Most Profitable Investment - Return on Investment Pursued.

= $5,000+$3,000- $500.=6500

The value of the best alternative foregone when, due to limited resources, a decision must be made between numerous mutually exclusive alternatives is known as the opportunity cost in microeconomic theory. If the best option is chosen, the "cost" is the loss of the benefit that would have been gained from selecting the next-best option. It is described as "the loss of potential gain from other choices when one alternative is chosen" in the New Oxford American Dictionary. The goal of opportunity cost, as a depiction of the link between scarcity and choice, is to ensure efficient use of limited resources.

Learn more about opportunity cost from

brainly.com/question/3611557

#SPJ4

Which fund would be financed primarily through the receipt of property and other taxes?
A Governmental funds
B Proprietary funds
C Both governmental and proprietary funds
D Neither governmental nor proprietary fun

Answers

Option - A :  Governmental funds would be financed primarily through the receipt of property and other taxes.

The daily operations and activities of government bodies, such as cities, counties, and school districts, are accounted for using government funding. They are largely supported by taxes and other kinds of income that the government can utilise for general purposes. Taxes that are collected by the government, such as income taxes, sales taxes, and property taxes, may be used to pay public services. The majority of the city's tax-financed operations are covered by these monies. Reporting on government funds frequently has a fiscal focus. General, special revenue, capital projects, debt payment, and permanent funds are the five categories into which the government divides its finances. Governmental finances are often used to keep track of (governmental) operations that are funded by taxes. Use of proprietary money to record business-related activities.

For such more questions on Governmental funds:

brainly.com/question/13488866

#SPJ4

what is the assembly line called that focuses on producing more than one model?

Answers

A mixed-model assembly line (MMAL) is a type of assembly line used to assemble various different models of a given product. According to Quarterman Lee, president of Strategos Inc., "Mixed-model production is the practise of assembling several different models of a product on the same assembly.

A mixed-model assembly line (MMAL) is a type of assembly line used to assemble various different models of a given product. Because of the greater variety of industrial settings where MMAL is used today, The method used to test the statistical significance of the random factor in the 2-way mixed model—which has one fixed factor product and one random factor—has received attention.

To learn more about assemble, click here.

https://brainly.com/question/11579419

#SPJ4

the consumption of good z creates positive externalities, but there are no externalities in producing good z. what must be true at the market equilibrium for good z if the market is not regulated?

Answers

If the consumption of good Z creates positive externalities but there are no externalities in producing it, the market equilibrium for good Z will not account for the positive externalities in the consumption of the good.

This means that the market equilibrium quantity of good Z will be lower than the socially optimal quantity. Since consumers only consider their private benefit when making purchasing decisions, they will only be willing to pay for the private benefits of consuming good Z and not the positive externalities that it creates. This leads to a situation where the market under-produces the good Z from the social point of view.

Therefore, if the market is not regulated, the following must be true at the market equilibrium for good Z:

The quantity of good Z produced and consumed will be lower than the socially optimal quantity.

The price of good Z will be lower than the socially optimal price, reflecting only the private benefits of consuming the good and not the positive externalities it generates.

There will be an inefficiency in the market as the positive externalities of consuming good Z are not taken into account, resulting in a deadweight loss.

For more such Questions on Economy

https://brainly.com/question/514447

#SPJ4

FILL IN THE BLANK. when a firm has a superior level of cooperation and innovation among its research team that allows it to design a new product two days faster than its competitors it has created a ________.

Answers

the creation of goods with distinctive features  It must be  suitable to set itself out from  contending products on the  request and offer  druggies a singular experience.

Together with having a clear purpose and value proposition that appeals to  guests and fulfills their  requirements, a successful product should also have certain attributes.  It enables the  dealer to  punctuate the distinctive  rates that make their product outstanding by drawing comparisons between their own product and those of the  request's rival products. When used effectively,  merchandisers can get an edge over rivals by  pressing what makes their goods special.  Your brand's recognition will increase with custom  particulars. An original product would be preferred by consumers over a tried- and-true bone with several  merchandisers that's oversaturating the  request. Poor  customer  fidelity results from  general  particulars.

Learn more about products here:

https://brainly.com/question/22852400

#SPJ4

your company has implemented an aed program. when should you get the aed?

Answers

An AED (Automated External Defibrillator) is a life-saving device that can help save the life of someone experiencing sudden cardiac arrest. If your company has implemented an AED program, it's essential to have the AED readily available in the event of an emergency.

In general, an AED should be located in an area where it is easily accessible to everyone in the workplace, especially those who are trained in its use. For example, if your workplace is spread out over multiple floors or buildings, it may be necessary to have multiple AEDs in different locations. When determining where to place the AED, consider the following factors:

The AED should be visible and easy to locate. If an emergency occurs, you don't want people wasting valuable time searching for the device.The AED should be located near the area where people are most likely to experience sudden cardiac arrest. For example, if your workplace involves physical labor, it may be wise to have an AED located in the area where the most physically demanding work is being done.The AED should be accessible at all times. If your workplace has restricted access areas, make sure that the AED is still accessible in case of an emergency.Once you've determined where to place the AED, it's essential to ensure that the device is in good working order and regularly maintained. This includes checking the battery, pads, and other components of the AED to ensure that it is always ready for use in case of an emergency.It's also crucial to train employees in the proper use of the AED. Training should include not only how to operate the device but also when it is appropriate to use it and the steps to take before and after its use. Regular training can help ensure that employees are confident and prepared to use the AED when it's needed.

In conclusion, having an AED program in place is a significant step in keeping your workplace safe. Ensuring that the AED is in the right location, well-maintained, and that employees are trained in its use, can make all the difference in saving someone's life in the event of an emergency.

To know more about physical labor:

https://brainly.com/question/27335104

#SPJ4

ticket prices to a kanye west concert increase from $40 to $60. as a result, ticket sales decrease from 50,000 to 40,000. total revenue changes from and demand is . group of answer choices

Answers

Total revenue changes from 2 million to 2.4 million. The demand is inelastic

How to solve for revenue changes

How to solve for the revenue change

$40 *  50,000

= $2 million

$60 * 40,000

= 2.4million dollars

demand elasticity

40000 - 50000 / 40000

60 - 40 / 40

= -1 / 5 ÷ 2 / 4

= -2 / 5

This is inelastic since it is less than 1

Read more on inelastic demand herehttps://brainly.com/question/28001343

#SPJ1

The number of companies involved in international trade has grown significantly in recent years. What percent of U.S. exporters are relatively small companies (i.e. less than 500 employees)?
A.Less than 5%
B.10%
C.25%
D.More than 90%

Answers

The number of companies involved in international trade has indeed grown significantly in recent years, driven in part by advances in technology and increased access to global markets. Here option D is the correct answer.

In the United States, small and medium-sized enterprises (SMEs) play an important role in international trade, accounting for a significant portion of U.S. exports.

In fact, the vast majority of U.S. exporters are relatively small companies. According to data from the U.S. Census Bureau, more than 90% of U.S. exporters have fewer than 500 employees. This suggests that SMEs are a critical part of the U.S. export economy and that international trade can provide important growth opportunities for smaller businesses.

While larger companies may have more resources and experience to navigate the complexities of international trade, smaller companies can often be more agile and innovative in responding to new market opportunities. As such, supporting SMEs in international trade is an important policy priority for many governments around the world.

To learn more about international trade

https://brainly.com/question/20492108

#SPJ4

what is the primary benefit that emerges from the use of open-ended marketing research questions?

Answers

Prescriptive knowledge reflects evolving patterns, such as shifting consumer preferences or ebbs and flows in the economy. Prescriptive knowledge identifies problems and explains why they exist.

What is marketing and example?

In a nutshell, it is an action made to draw attention to a company's offerings, which may include both tangible products for sale and services provided. Television ads, billboards at the side of a road, and magazine ads are typical instances of marketing at work.

Why are marketing abilities crucial?

Marketing is what connects customers with goods. It can therefore influence how a company or organisation runs. Since marketing talents are so adaptable, employers seek them out in job candidates. Company leaders must understand how to carry out logical marketing research.

To know more about Marketing visit:

https://brainly.com/question/13414268

#SPJ1

__________ is the premium added to the real risk-free rate to compensate for a decrease in purchasing power over time.

Answers

The premium for maturity risk, which is added to the real risk-free rate to account for a decline in purchasing power over time, is added.

A maturity risk premium is the increased profit you will get from buying a bond with merely a longer maturity date. Charges for maturity risk are intended to offset the risk involved with owning bonds for an extended period of time. In general, as the time to maturity lengthens, the maturity risk premium rises. The "maturity risk premium" is the additional return that such an investor demands or receives in exchange for bearing the maturity risk. In the event of a bond, the idea of maturity risk typically applies. In order to make up for the increased risk that the investor assumes as a result of the longer maturity, a lengthy bond offers a bonus in the form of an increased interest rate.

To learn more about maturity risk premium refer here:

https://brainly.com/question/14827805

#SPJ4

Other Questions
what did the supreme court rule concerning the interstate commerce clause in the 1890s? what u.s. president called miami dolphins head coach don shula to suggest a play in super bowl vi? gerald ford where is silver lake resort orlando location The nurse understands that a patient who complains of being stressed out may exhibit which behavior?1 Sleeping through the night2 Excessive appetite3 Loss of interest in favorite activities4 Headaches and back pain5 Difficulty concentrating Pls help with this question it is giving me headache PLEASE HELP IT IS URGENT!!!! I NEED EXPLINATIONS AS WELL!!!!!!1. In context, the second sentence of the fifteenth paragraph ("However, the agreement . . . legally binding) (lines 5960) serves as a transitional element thatA. reveals the authors regrets about a proposed solution in the passageB. acknowledges a weakness in the authors line of reasoning in the passage2.Which of the following choices accurately describes a strategic stylistic decision that the author makes in the seventeenth paragraph (lines 6466)?A.The coordinated clause provides a contrast to the previous paragraph and gives the same importance to the ability to remove large items and the inability to remove microplastic.B. The words regretted and colossal, both of which have negative connotations, emphasize the flaws inherent in the plan to remove plastic from the ocean3.Which of the following statements most directly expresses the authors thesis in the passage?A.To effect real change and clean up, countries need to take a deeper look at the ways they use plastics in everyday life.B. A concerted international effort is needed to both remove the existing garbage patch and reduce plastic waste overall. In 2 or 3 sentences, explain how these concepts relate to the essential question: "When is more of a good thing toomuch?". what are the three motives according to kant? Explain Strategies for determining information requirements Question 3(Multiple Choice Worth 2 points)(Theoretical Probability MC)Katey has a bag of 4 marbles. There are 2 pink marbles, 1 orange marble, and 1 red marble.List 1 List 2 List 3 List 4P1 P1, P2 P1, P2 P1, P2P2 P1, O P1, O P1, OO P1, R P1, R P1, RR P2, O P2, O P2, OP2, R P2, R P2, RP2, P2 P2, P2 P2, P2P1, P1 P1, P1 P1, P1P2, P1 P2, P1 P2, P1O, P1 O, P1 O, P1O, P2 O, P2 O, P2O, R O, R O, RO, O O, O O, OO, P1 R, OO, P2 R, RO, R R, P1R, R R, P2Which list gives the sample space for pulling 2 marbles from the bag with replacement? List 4 List 3 List 2 List 1Question 4(Multiple Choice Worth 2 points)(Theoretical Probability MC)A set of 3 cards, spelling the word ADD, are placed face down on the table. Determine P(D, D) if two cards are randomly selected with replacement. one third two thirds two sixths four ninthsQuestion 5(Multiple Choice Worth 2 points)(Theoretical Probability MC)When rolling a 6-sided die twice, determine P(sum of 5). two sixths four thirty sixths five thirty sixths ten thirty sixthsQuestion 6(Multiple Choice Worth 2 points)(Theoretical Probability LC)The following sample space could represent which repeated experiment?S: {WW, WL, LW, LL} Rolling a number cube twice Rolling a number cube once Playing a video game twice Playing a video game once Bilquis is going to invest in an account paying an interest rate of 5.6% compounded continuously. How much would Bilquis need to invest, to the nearest dollar, for the value of the account to reach $84,000 in 19 years? What does avant-garde literally mean? explain the quote there was something evil in their laughter a long walk to water (1) the united nations declaration of human rights, created in the 1940s, included many compromises to protect all humans. (2) the declaration went through three different drafts to ensure that it addressed most peoples needs. (3) sometimes, it is hard to get family or friends to agree to things. (4) the compromises made during this process helped change the world. which sentence is off topic? a. the first sentence b. the second sentence c. the third sentence d. the fourth sentence True/False? vsepr theory predicting the 3d shapes of molecules Deliverables are only product-related, such as a piece of hardware or software.a. Trueb. False What is secondary consumer definition ? In the autumn season, leaves become brown-orange in colorand fall down off trees. Indicate which change these leaves undergo, and giveevidence Which of the three side lengths can NOT form a triangle: 2 ft, 3 ft, 8 ft 4 ft, 4 ft, 1, ft 2.5 in, 2.5 in, 2.5 in 4 m, 3 m, 6 m When an economy is in full employment equilibrium?