Consumer A consumes gasoline Rmb 200 yuan while consumer B purchases 20 liters of gasoline every time. What are the price elasticities of these two consumers?

Answers

Answer 1

The price elasticity of these two buyers is different because consumer A only has 200 yuan and buys as much gasoline as can be with that money, while consumer B needs 20 liters regardless of its price.

The price elasticity of demand is a term that refers to the change in the quantity demanded of a good when its price changes. According to the above, the elasticity of the consumer A does vary because he only has 200 yuan to buy gasoline, so if the value of gasoline increases, he will be able to buy less gasoline.

On the other hand, consumer B does not have much interest in the value of gasoline because he needs 20 liters, that is, if the value increases or decreases, he will continue to buy the 20 liters regardless of its value.

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Related Questions

I’m the speech “I have a dream” by Martin luther king jr. did he Use of verbal signposts to create coherence?

Answers

Answer:

yes

Explanation:

he did to attract customers

All of the following are costs (fees) associated with checking accounts except

A.) Monthly Service Charges

B.) Overdraft fees

C.) ATM Card transactions fees

D.) Direct Deposit

Answers

A A monthly maintenance fee (sometimes called a monthly service fee) is money a bank charges you for working with the company. The fee is usually automatically withdrawn from your account each month. In some cases, you'll pay the fee no matter what. But many banks let you waive the fee if you meet certain requirements.

Heidi Ganahl, CEO and Founder of Camp Bow Wow, seems to have the ability to inspire people she works with to accept her vision and support her efforts to be the best. This is an example of:

Answers

Answer:

good leadership

Explanation:

The fact that she inspires and not demands is an example of good leadership skills

Heidi Ganahl, CEO and Founder of Camp Bow Wow, seems to have the ability to inspire the people she works with to accept her vision and support her efforts to be the best. This is an example of Charismatic leadership.

Who is a leader?

The term leader is someone who inspires passion and motivation in followers. A leader is someone with a vision and the path to realizing as we see there are different types of leaders who are there as we see in

The organization team leaders are there in it as we see in politics they are different from it. There are different kinds of leaders who are being there. And they can easily lead the group as well.

As charismatic leadership was included as the, charm By leadership they have combined interpersonal connections as well in the leadership.

Therefore, As a result, By charismatic leadership. They have the ability to inspire the people she works with.

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#SPJ6

Over the past year, Ionia's money supply decreased by $1 billion, $3 billion in bonds were sold to the public, an unused military base was sold for $5 billion, and the government spent $20 billion. Ionia had a budget surplus. deficit. Determine the amount of Ionia's budget deficit or surplus. $ billion Determine the amount of Ionia's tax revenue for the year.

Answers

1. Based on the information given Ionia had a budget deficit.

2. The amount of Ionia's budget deficit or surplus is $9 billion.

3. The amount of Ionia's tax revenue for the year is $11 billion.

1. Based on the information given Ionia had a budget deficit because the amount spent higher than the revenue.

2. Ionia's budget deficit or surplus

Budget deficit or surplus=$1 billion+$3 billion+$5 billion

Budget deficit or surplus=$9 billion

3. Tax revenue

Tax revenue= $20 billion-($1 billion+$3 billion+$5 billion)

Tax revenue-$20 billion-$9 billion

Tax revenue=$11 billion

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Answer:

A deficit of $7 Billion

Tax revenue of $13 Billion

Explanation:

Much like a cash‑strapped individual may run up a credit card bill or sell a TV set, governments must borrow or sell assets to cover a budget deficit. The government budget constraint summarizes these options.

−=ΔM+ΔB+ΔA

In the equation, is government spending, is tax revenue, ΔM is changes in the money supply, ΔB is bonds sold to the public, and ΔA is assets sold. If government bonds are sold to another government agency, the money supply increases by that amount. If is greater than , there is a budget deficit and the budget constraint will be a positive number.

As the numbers show, Ionia has a deficit of $7 billion.

−=ΔM+ΔB+ΔA= −$1 billion+$3 billion+$5 billion=$7 billion

Use this deficit and Ionia's government spending of $20 billion to determine tax revenue.

−=$7 billion

=−$7 billion=$20 billion−$7 billion=$13 billion

Firms that use Groupon to communicate their products are actively engaged in Multiple Choice viral marketing. advertising. product placement. infomercials. personal selling.

Answers

The term that describes what the Firms engage in by using Groupon to communicate their products is Advertising.

Advertising can be regarded as attempt to influence the buying behavior of customers as well as clients.

It involves using means such as radio, television or internet to communicate about ones product to the consumer.

Therefore, advertising is correct term.

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Discussion Questions
If someone owes you money, and that person or business goes into bankruptcy, why
would it make a difference if you were a secured or unsecured creditor?
>
o First define secured and unsecured creditor then explain.

Answers


Hi how was your day mine was fine

Explain the concept of interest

Answers

Answer:

Interest is the monetary charge for the privilege of borrowing money, typically expressed as an annual percentage rate (APR). Interest is the amount of money a lender or financial institution receives for lending out money.

Harris Corporation has ​$407 million in​ cash, and 116 million shares outstanding. Suppose the corporate tax rate is 32% and investors pay no taxes on​ dividends, capital​ gains, or interest income. Investors had expected Harris to pay out the $407 million through a share repurchase. Suppose instead that Harris announces it will permanently retain the​ cash, and use the interest on the cash to pay a regular dividend. If there are no other benefits of retaining the​ cash, how will​ Harris' stock price change upon this​ announcement?

Answers

Answer:

369

Explanation:

407x116=369

The Washington Post Company's ownership structure. They have two classes of stock, one of which has super voting, meaning one class of shareholders has more say than the other class. Do you think this is a smart structure? What are the advantages and disadvantages of this structure?​

Answers

I think two classes of stock is a smart structure.

Advantages of the two classes of stock

It protects the firm against a hostile takeoverIt gives management greater ability to make decisions.

Disadvantages of the two classes of stock

Ordinary shareholders have a limited ability to effect changes in the firm.

A dual share class structure is when there are two classes of stock: the owners and management have greater voting rights while the shareholders have a limited voting right. This structure prevents the firm against a hostile takeover.

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Walt Disney reports the following information for its two Parks and Resorts divisions. U.S. International Current Year Prior Year Current Year Prior Year Hotel occupancy rates 87 % 83 % 79 % 78 % Assume Walt Disney uses a balanced scorecard and sets a target of 85% occupancy in its resorts. (1) Which division(s) exceeded the occupancy target during the current year

Answers

The division that exceeded the occupancy target during the current year was the United States because it had 87% occupancy.

A balanced scorecard is a management model that groups together various data to evaluate the result of a strategy related to the objectives.

A balanced scorecard works through indicators that allow aligning the behavior of the organization's members with the company's strategy.

Based on the above and the chart, the only resort that exceeded the occupancy target (85%) during the current year was the United States resort (87%)

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One year​ ago, your company purchased a machine used in manufacturing for . You have learned that a new machine is available that offers many​ advantages; you can purchase it for today. It will be depreciated on a​ straight-line basis over ten​ years, after which it has no salvage value. You expect that the new machine will contribute EBITDA​ (earnings before​ interest, taxes,​ depreciation, and​ amortization) of per year for the next ten years. The current machine is expected to produce EBITDA of per year. The current machine is being depreciated on a​ straight-line basis over a useful life of 11​ years, after which it will have no salvage​ value, so depreciation expense for the current machine is per year. All other expenses of the two machines are identical. The market value today of the current machine is . Your​ company's tax rate is ​, and the opportunity cost of capital for this type of equipment is . Is it profitable to replace the​ year-old machine?

Answers

Answer:

Yes it would be profitable to replace a year old machine.

Explanation:

its always best to buy new things to replace others.

old things usually dont work correctly and could be out of date.

buying something new can reduce that probability of not working correctly

What might Sony and the U.S. government done differently to discourage future such attacks on other U.S. organizations

Answers

There are different things Sony and the U.S. government might do differently to discourage future attacks on other U.S. organizations. Some of the things to do include "carrying out situational awareness of the networks."

Other things they might need to do includes the following:

Training and educating their personnel.

Sony and U.S. government need to cooperate on cyber security.

Identify and share cyber information relating to threats and attacks among companies and international organizations.

There should be legislation to safeguard the stakeholders involved in protecting cyberspace from violating privacy and civil liberties when conducting their work.

Hence, in this case, it is concluded that there are various credible means Sony and the U.S. government might discourage future attacks.

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Bonds Issued at a Discount (Effective Interest) Crafty Corporation received $472,088 of cash upon issuance of 500, $100 par value bonds. Each bond has a stated rate of 5% and will mature on December 31, 2030, 7 years after the issuance of the bonds. Interest is paid annually on December 31. The market rate of interest is 6%. Required: Prepare the journal entry for December 31, 2026. If an amount box does not require an entry, leave it blank. When required, round amounts to the nearest whole dollar. 2026 Dec. 31 Interest Expense Interest Expense Interest Expense Discount on Bonds Payable Discount on Bonds Payable Discount on Bonds Payable Cash Cash Cash Prepare the journal entry for December 31, 2027. If an amount box does not require an entry, leave it blank. When required, round amounts to the nearest whole dollar. 2027 Dec. 31 Interest Expense Interest Expense Interest Expense Discount on Bonds Payable Discount on Bonds Payable Discount on Bonds Payable Cash Cash Cash

Answers

The Crafty Corporation will record the following Journal Entries:

1. Dec. 31, 2026:

Debit Interest Expense $28,325

Credit Discount amortization $3,325

Credit Cash $25,000

To record the first interest payment and amortization of discount.

2. Dec. 31, 2027:

Debit Interest Expense $28,525

Credit Discount amortization $3,525

Credit Cash $25,000

To record the second interest payment and amortization of discount.

Data and Calculations:

Cash proceeds from bonds issuance = $472,088

Face value of bonds = $500,000

Discounts on bonds = $27,912 ($500,000 - $472,088)

Coupon interest rate = 5%

Market interest rate = 6%

Maturity period = 7 years

December 31, 2026:

Interest expense = $28,325 ($472,088 x 6%)

Cash paid = $25,000

Discount amortization = $3,325 ($28,325 - $25,000)

Bond's value = $475,413 ($472,088 + $3,325)

December 31, 2027:

Interest expense = $28,525 ($475,413 x 6%)

Cash paid = $25,000

Discount amortization = $3,525 ($28,525 - $25,000)

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Mention five (5) reasons why some business plan fail

Answers

Answer:

any five reasons why business fail are :

due to low investment or budget

due to lack of demand of customers

due to lack of knowledge of that business

Which is an advantage to buying something online?



You can try it right away.



You can take it home with you.



You can compare prices more easily.



You might have to pay for shipping.

Answers

Answer:

pay for shipping :)

Explanation:

Hope it helppsss

have no control over the price they charge for their product.
O Price takers
O Price searchers
O Price makers
O Price manipulators

Answers

Answer:

○ price makers.

Explanation:

they are the ones who make the price so they have no control over the price

How can a bank help Millennial and Gen Z consumers plan to start a family?

Answers

A bank can help Millennial and Gen Z consumers to plan to start a family by:

Giving out mortgage loans to them

According to the given question, we are asked to show the role a bank can play in helping Millennials and Gen Z generations to start their own family.

As a result of this, we can see that Millennials are people who are considered to be within the age bracket of 25-40, while Gen Z are people who are considered to have been born during the social media and internet age and are usually between the ages of 24 and below.

With this in mind, Millennials have likely started up their own family and the Gen Z are likely just coming out of college. Hence, a bank can help both generations to start up their family by giving them mortgage loans and other financial benefits.

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Alma owns fifty shares of common stock in Alpha Corporation. Alma also owns eighty shares of preferred stock in the same corporation. Alpha Corporation has an upcoming vote for a new director. In the election for the new board member of Alpha, Alma will be able to cast:

Answers

Given the situation described above, Alma will be able to cast 50 votes.

This is because common stock gives voting rights to shareholders. And given that Alma has 50 shares of common stocks. Therefore, he would be able to cast 50 votes.

On the other hand, preferred stocks give no voting rights to shareholders.

However, preferred shareholders have preference over a company's revenue or earnings, which implies that they are paid dividends before common shareholders.

Hence, in this case, it is concluded that the correct answer is "50 votes."

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Sarjit and Rhonda have both recently completed graduate level training in liberal arts programs. Although they studied in different fields, they are similar to each other in human capital value in the labor market. According to ________, this similarity defines Sarjit and Rhonda as belonging to the same economic class.

Answers

Economic classes refer to the position of people on the earning ladder. For Sarjit and Rhonda, the theory that classifies them into the same economic class is that of;

Karl Marx

According to Karl Marx, there are two economic classes, namely, the bourgeoisie and the proletariat. The bourgeoisie are the rich and working-class members of society while the proletariats are the workers.

Given this classification, Sarjit and Rhonda belong to the same economic class of workers.

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Minor Corporation purchases 5,000 shares of its $4 par common stock at $7 per share and also has an outstanding loan of $100,000.
Under the provisions of the contract of the loan, Minor is required to maintain 25% of the balance of the loan in retained earnings at
all times. What is the current minimum retained earnings restriction for the company?
O $40,000
O $45,000
O $60,000
O $0

Answers

The current minimum retained earnings restriction for the company is $60,000

Restriction of retained earnings for Loan = Outstanding loan *  % of maintained balance

Restriction of retained earnings for Loan = $100,000 * 25%

Restriction of retained earnings for Loan = $25,000

Restriction of retained earnings for treasury Stock = Purchased shares * $7 per share

Restriction of retained earnings for treasury Stock = 5000 shares * $7

Restriction of retained earnings for treasury Stock = $35,000

Current Minimum retained earnings restriction = Restriction of retained earnings for Loan + Restriction of retained earnings for treasury Stock

Current Minimum retained earnings restriction = $25,000 + $35,000

Current Minimum retained earnings restriction = $60,000

Therefore, the Option C is correct because current minimum retained earnings restriction for the company is $60,000

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Lorraine is a professional food critic. After each visit, she evaluates a restaurant on their service, food quality, and atmosphere. What type of quality assessment is this

Answers

The type of quality assessment that food critic Lorraine will make on each visit, assessment of the service, food quality and ambience of a restaurant will be based on their experience.

Quality assessment is carried out by collecting data to identify compliance with pre-established standards, such as those defined by Lorraine, regarding service, food and environment.

Therefore, through her on-site experience, she will be able to assess the quality according to her criteria and then share it with the public or in media such as newspapers, magazines and blogs.

The experience of the food critic will influence the public to decide if they want to go to the place and also to the restaurant to improve the quality of their service and products.

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Beginning inventory, purchases and sales data for T-shirts are as follows:
April 3 Inventory
24 units
$10
11 Purchase
26 units
$12
14 Sale
36 units
21 Purchase
18 units
SIS
25 Sale
20 units
Assuming the business maintains a periodic inventory system, calculate the ending inventory under FIFO:

Answers

Based on the First In; First Out method of inventory management, the ending inventory is $180.

FIFO means that the earlier stock is sold off first. This means that the sale on April 14 was based on the beginning inventory first and then the Purchase on the 11.

Stock on April 14:

= Beginning stock + Purchases - Sale

= 24 + 26 - 36

= 14 units at $12 each

Stock at 25th:

= Remaining April 11 purchases + April 21 Purchases - Sales

= 14 + 18 - 20

= 12 units at $15

Ending inventory:

= 7 x 12

= $180

In conclusion, closing inventory is $180.

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Next Up Computer Company thinks it will make a splash with cartoon-themed laptop cover designs scheduled for release next year. The computers do not have any other feature differences from what Next Up currently offers. This effort is an example of using __________ to differentiate a product as new.

Answers

Considering the situation described above, this effort is an example of using image differentiation to differentiate a product as new.

Image differentiation is a type of differentiation strategy used by business firms to differentiate their products through communications.

By using communication strategies such as written, audio, digital, advertisement, or images to differentiate between various products or from existing products, this is an example of image differentiation.

Thus, when Next Up Computers only changes the cover designs alone, that is a form of image differentiation.

This is type of differentiation is often referred to as Reputation Differentiation.

Other types of differentiation methods include the following:

Product differentiationService differentiationRelationship differentiationDistribution differentiation.Price differentiation.

Hence, in this case, it is concluded that the correct answer is "Image Differentiation."

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A ____________ contract is an agreement that is not a contract at all because it lacks one or more of the legal elements required to form a contract.

Answers

Answer:

void

Explanation:

1 - At the Montell Company, functions are divided into areas of specialization such as production, marketing, accounting, and finance. This type of organization reflects Fayol's principle of: A. division of labour. B. equity. C. unity of command. D. hierarchy of authority. to describe middle managers whose job was to implement the 2 - Max Weber used the term orders of top management: A. management B. autocrats C. staff personnel D. bureaucrats​

Answers

At the Montell Company, since the functions are divided into areas of specialization such as production, marketing, accounting, and finance, it reflects Fayol's principle of division of labor.

Max Weber used the term bureaucrats to describe middle managers. Their job is usually to implement the orders that they get from top management.

It should be noted that division of labor is when the roles that'll be performed in an organization are divided into various departments. This is done in order to make the job easier and faster.

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Hope Springs makes the bottles of water, puts them into storage, and fills orders as they come in from inventory. This is an example of which supply-chain strategy

Answers

The type of  supply-chain strategy uses by Hope Spring to fills orders as they come in from inventory is called the pull supply-chain strategy.

The pull supply strategy is a manufacturing strategy that is influenced by consumer's demand because the demand are used to decide the level of procurement, production and distribution of product.

This strategy is very effective to prevent against wastage or over-production since the level of demand for the product determine the level of producing such product.

Therefore, in conclusion, the example of this is known as Pull supply-chain strategy.

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Because so many customer balances consist of multiple invoices, what could the auditors do to eliminate unnecessary reconciliation

Answers

In order to eliminate unnecessary reconciliation the auditors could request to send empty letter spaces to the customers.

Then the auditor should make the request of asking these customers that they should write out their balances in these letters.

The reason why the auditor has to do this is to check if they are correct or if they are not.

The account receivable has to be sent by this firm in order to determine if the customers have same amount of balance.

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Colbert Inc. acquired 100% of Stewart Manufacturing on January 2, 2020. During 2020, Colbert sold Stewart $640,000 of goods, which had cost $450,000. Stewart still owned 18% of the goods at the end of the year. In 2021, Colbert sold goods with a cost of $820,000 to Stewart for $1,000,000, and Stewart still owned 15% of the goods at year-end. For 2021, the cost of goods sold totaled $5,800,000 for Colbert, and $1,300,000 for Stewart. What was consolidated cost of goods sold for 2021

Answers

Based on the information given the consolidated cost of goods sold for 2021 is $6,092,800.

First step is to calculate 2021 Intra-Entity Gross Profit

2021 Intra-Entity Gross Profit= ($1,000,000 − $820,000) ×15%

2021 Intra-Entity Gross Profit= $180,000 ×  15%

2021 Intra-Entity Gross Profit= $27,000

Second step is to calculate 2020 Intra-Entity Gross Profit

2020 Intra-Entity Gross Profit= ($640,000 − $450,000) ×18%

2020 Intra-Entity Gross Profit=$190,000 ×18%

2020 Intra-Entity Gross Profit = $34,200

Third step is to calculate consolidated cost of goods sold for 2021 using this formula

Consolidated COGS = Parent's COGS  + Subsidiary's COGS− Total COGS in Intra-Entity Transfer − Intra-Entity Gross Profit Deferred from 2020 + Intra-Entity Gross Profit Deferred from 2021

Let plug in the formula

Consolidated COGS =$5,800,000+ $1,300,000- $1,000,000-$34,200 +$27,000

Consolidated COGS = $6,092,800

Inconclusion the consolidated cost of goods sold for 2021 is $6,092,800.

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A break-even analysis includes operating expenses and total monthly debt payments,
plus
school costs.
O gross profit margin.
Ihr
net profit margin.
zero term margin.

Answers

Answer:

Gross profit margin.

Explanation:

Break-Even Analysis enables a business to know how much cash it has under given situations by helping it know how much sales it needs in order to have a certain amount of cash.

It is calculated by the formula;

(Operating Expenses + Annual Debt Service)/Gross Profit Margin = Break-Even Sales

Operating Expenses in this equation is net of Depreciation as depreciation is a non-cash expense.

According to House’s revised path-goal theory, a leader’s style should vary depending on

a. leader-member relations and environmental factors.
b. employee characteristics and organizational readiness.
c. leadership effectiveness and situational control.
d. employee characteristics and environmental factors.

Answers

According to House’s revised path-goal theory, the style of a leader varies depending on D. employee characteristics and environmental factors.

The path-goal theory posits that the behavior of a leader is contingent on the motivation, performance, and satisfaction of their workers.

According to House’s revised path-goal theory, a leader’s style should vary depending on employee characteristics and environmental factors.

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