Based on the substitution effect, which example reflects how people would likely respond to a rise in gas prices

Answers

Answer 1

Answer:

People will purchase more fuel efficient cars

Explanation:

People will purchase more fuel efficient cars in order to reduce the consumption of gas.

Better still, this will also leads to increase in the quantity demanded for electric cars; as they did not require gas to operate.


Related Questions

ike started a calendar-year business on September 1st of this year by paying 12 months of rent on his shop at $650 per month. What is the maximum amount of rent that Mike can deduct this year under each type of accounting method

Answers

Answer:

$7800 under the cash method and $2600 under the accrual method

Explanation:

Calculation to determine the maximum amount of rent that Mike can deduct this year under each type of accounting method

UNDER THE CASH METHOD

Cash method=$650*12

Cash method=$7800

UNDER THE ACCRUAL METHOD

Accrual method =4 months*650

Accrual method =$2600

(September 1st to December 31st =4 months)

Therefore the maximum amount of rent that Mike can deduct this year under each type of accounting method is :$7800 under the cash method and $2600 under the accrual method

Suppose 1,000 students were split into two groups of 500. Both groups were first presented with an image of a new high-end pair of jeans produced by Tommy Hilfiger, a clothing company. The first group was given the following statement and then asked the following question: "The normal retail price of these jeans is $100. Would you be willing to pay $75 for them?" The second group was given the following statement and then asked the following question: "The normal retail price of these jeans is $250. Would you be willing to pay $75 for them?" Suppose that 24% of the students in the first group answered yes and that 73% of the students in the second group answered yes. It is likely that more students in the second group were willing to pay $75 for the pair of jeans because they were told the normal price was much higher. This is an example of a ________ effect in decision-making.

Answers

Question Completion:

A) clothing B) marketing C) utilitarian D) framing E) psychosomatic

Answer:

This is an example of a ___framing_____ effect in decision-making.

Explanation:

The framing effect in decision-making means that decisions are influenced by the different semantic descriptions of the same issue.  This different framing of the same issue causes people to develop different risk preferences, indicating that their decisions are based on the potential value of losses they would suffer or gains they would garner rather than the final outcome.

Because of vast differences between different regions, multinational corporations often use ______ departmentalization.

Answers

Answer:

geographic departmentalization.

Explanation:

It is correct to say that multinational corporations tend to use geographic departmentalization due to the large differences between different regions.

The geographic departmentalization corresponds to a strategy where a company uses a form of structure oriented to a region, that is, it allows the operationalization to be more effective in a region that has greater demand or needs a physical office to better and faster service its customers.

Carlos is taking a class to learn presentation skills. Which type of communication is he using when he improves his PowerPoint slides?
Nonverbal
Verbal
Visual
Written

Answers

Answer:

visual ,i like your profile add my sn a p,joel.ewc123

Explanation:

Carmel was paying premiums for health insurance, but when he had surgery, he was surprised to learn he still owed thousands of dollars to the hospital and medical providers. Carmel is ______.

Answers

Answer:

Underinsured

Explanation:

Carmel was underinsured and that was the reason for his huge debt despite paying premiums for health insurance.

Underinsurance means insufficient insurance coverage.

Underinsurance is situation in which the policyholder is

responsible for a larger percentage of expenses and may lead to financial difficulty.

What is the term for when people fail to reach a mutually beneficial equilibrium because they lack a way to synchronize their actions

Answers

Answer:

A coordination failure.

Explanation:

A coordination failure is the term used for describing a situation when two or more people fail to reach a mutually beneficial equilibrium because they lack a way to synchronize their actions. Thus, a coordination failure simply occurs when two or more people or businesses are lacking coordination in their actions and as a result are unable to reach a mutually beneficial equilibrium or compromise.

The federal government released a report that says drinking coffee will make you smarter, at the same time fewer Central American are growing coffee beans. How will this situation look graphically?​

Answers

Answer:

graph 7

Explanation:

As a result of the government's decree, there would be an increase in the demand for coffee. This would lead to a rightward shift of the demand curve. As a result, equilibrium price and quantity increases.

If fewer Central American are growing coffee beans, there would be a decrease in the supply of coffee. This would lead to a leftward shift of the supply curve. As a result, equilibrium price increases and quantity decreases.

Taking these two effects together, equilibrium price increases and there is an indeterminate effect on quantity

An inspector should report on vegetation around the home when it may adversely affect the structure due to ____

Answers

Answer:

Moisture intrusion

Explanation:

..........

When you lease your apartment from a nonprofit corporation that owns the building and you own a share of the nonprofit corporation, you own a: Group of answer choices single-family home. cooperative apartment. condominium. row house. mobile home.

Answers

Answer:

Cooperative apartment

Explanation:

Cooperative

This is simply refered to as a housing ( dwelling) unit that is said to be owned by a corporation whereby owners of these dwelling units owns stock that is equal commensurate) with the value of his or her apartment when compared to the value of the building as a whole. The stockholder therefore has a proprietary lease to the apartment.

Key documents in a cooperative sale/purchase:they includes;

1) Contract of sale: Buyer, seller, purchase price, financial requirements and also subject to approval

2) Offering plan: this contains all the key information that is required to be disclosed about the cooperative or the condo.

3) Amendments to the offering plan etc.

On June 1, Edward visited a bicycle sales and service center. Edward spotted a used bike he liked and was told by the dealer that he could have the bike for $100 cash. Since Edward needed a few days to get the money, Edward got a signed, written statement by the dealer that Edward could buy the bike for $100 at anytime on or before June 15. On June 10 Edward came to the dealer with the money, but the bike had been sold to another customer. Was the dealer under any obligation to Edward to keep this offer open until June 15? Give legal reasoning for your answer.

Answers

Answer:

"Yes" will be the correct response.

Explanation:

The dealership has been obliged to Edward since Edward as well as Dealer had written agreements stating that somehow Edwards may acquire their motorbike on the day before the fifteenth of June.The two parties offered and otherwise accepted as well as agreed in writing. That's because the contract remained valid, Dealer may be prosecuted as well for contravention.

The combination of media, Internet, entertainment, and phone services into a single device illustrates the principal of

Answers

Answer:

digital convergence.

Explanation:

Digital convergence corresponds to a technology that guarantees the possibility of multimedia access to a single device such as a smartphone, which has text, photo, video, audio functions in one device, making access easier, simpler and faster.

It is possible, for example, to answer a work email while listening to music, all done through your cell phone.

Suppose our firm produces chartered business flights with capital​ (planes) and labor​ (pilots) in fixed proportion​ (i.e., one pilot for each​ plane). The expansion path for this business will A. follow the​ 45-degree line from the origin. B. increase at a decreasing rate because we will substitute capital for labor as the business grows. C. not be defined. D. be a vertical line.

Answers

Answer:

A. follow the​ 45-degree line from the origin

Explanation:

In order to diversify the business that means the output level should be increased we need to rise the input i.e. no of planes and pilots

Now if we increase the no of planes by 1 so here the no of pilots should also be increased by 1 units

So the expansion path equation is y = x

Therefore the option a is correct

Jake, the CEO of WinWest Inc., launches a new product. Despite the product's persistent failure, he is unwilling to withdraw it from the market because he believes that the product will be profitable in the long term. This scenario is an example of _____. Group of answer choices path dependency participative decision making risk aversion escalation of commitment

Answers

Answer:

The correct answer is the last option: Escalation of commitment.

Explanation:

To begin with, the concept known as "Escalation of commitment" in the field of business management and behavioral science refers to the behavioral pattern that an individual has when it faces against a bad decision or situation and after that the person continues to having the same behavior so therefore it stays believing the same even though the increasingly negative outcome keeps on coming. That is why that in this case presented, Jake believes that at the long term the new product will have success even thought that now only bad numbers have been shown to the company.

Which of the following statements can correctly be made about illness?

Answers

there is no option can you tell option so I can help

On March 31, the end of the first month of operations, Barnard Inc. manufactured 15,000 units and sold 12,000 units. The following income statement was prepared, based on the variable costing concept: Barnard Inc. Variable Costing Income Statement For the Year Ended March 31, 20Y1 Sales $2,160,000 Variable cost of goods sold: Variable cost of goods manufactured $1,620,000 Inventory, March 31 (324,000) Total variable cost of goods sold (1,296,000) Manufacturing margin $864,000 Total variable selling and administrative expenses (96,000) Contribution margin $768,000 Fixed costs: Fixed manufacturing costs $210,000 Fixed selling and administrative expenses 45,000 Total fixed costs (255,000) Operating income $513,000 Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the absorption costing concept.

Answers

Answer and Explanation:

The computation of the unit cost of goods manufactured is shown below:

Particulars                  variable costing      absorption costing

variable cost of             $108                     $108

goods manufactured  ($1,620,000 ÷ 15,000)

Fixed manufacturing

cost                                                         $14

                                           ($210,000 ÷ 15,000)

unit cost of goods

manufactured           $108                     $122

When someone takes out a mortgage loan to buy a house, the mortgage lender can take possession of the house and sell it if the borrower defaults by failing to make payments on the loan because the house is being pledged as ________ for the loan. Select one: A. collateral B. a liability C. goodwill D. insurance Clear my choice

Answers

Answer:

A. Collateral

Explanation:

A collateral is a valuable item, a property or an asset that is offered by a borrower of a loan to the lender of the loan as a form of loan security, such that the lender can take possession of the asset, monetize the asset and recover the losses. Collateralized loans includes car loans and mortgages.

Lending such as those given in business credit card does not require loan securities

A company is considering two investment projects. Both have an initial cost of $50,000. One project has even cash flows and the other uneven cash flows. Which evaluation method would be most appropriate

Answers

Answer:

Net present value

Explanation:

From the question we are informed about A company who is considering two investment projects. Both have an initial cost of $50,000. One project has even cash flows and the other uneven cash flows. The appropriate evaluation method would be Net present value.

Net present value (NPV) can be regarded as difference that exist between the present cash outflows value as well as present cash inflows value in particular period of time. NPV can be engaged in capital budgeting as well as investment planning so that the profitability of a projected investment as well as a project can be analysed.

Netflix offers online video streaming and DVD-by-mail services. In recent years, the company began producing its own original content by pouring billions of dollars in investment to produce successful TV shows like the House of Cards, Stranger Things, among others. The company’s decision to enter the original content production industry is considered a(n) ______________.

Answers

Answer:

brand extension

Explanation:

In simple words, When a business puts one of its recognized brand identities on such a new commodity or new specific product, this is known as a brand extension. A brand expansion may help a firm attract new populations, grow its client base, improve sales, and raise overall profitability if it is effective.

Thus, the process in the question will be termed as brand or business extension.

Project scope statements must include the project boundaries, constraints, and assumptions. Group of answer choices True False

Answers

Answer:

True

Explanation:

A project scope statement can be regarded as a statement that give out well detailed description as regards the the work which is needed to be done so that the output of a project can be delivered on agreed time period as well as within the allotted budget.

scope statement usually gives the outlines of the entire project as well as

any deliverables, it do entails list of stakeholders within the scope. The writting is usually done by project manager. It should be noted that Project scope statements must include the project boundaries, constraints, and assumptions.

An automobile giant headquartered in the United States sells high-end bikes across the world. It wants to enter an emerging market. Customers in the market cannot afford the types of accessories used in the bikes. Thus the regional branch of the organization makes an autonomous decision to remove the accessories and to offer a toned-down version of the bikes to compete in the emerging market. This decision is accepted by the headquarters on the principle that the man on the ground is the best judge of local conditions. The above serves as an example of a(n) ___________.

Answers

Answer:

decentralized organizational structure

Explanation:

A decentralized organizational structure is one where details of daily operations and associated decision making is delegated to middle and low level managers.

Thereby allowing the top management more time for major decisions that affects the company.

In the given scenario the regional branch of the organization makes an autonomous decision to remove the accessories and to offer a toned-down version of the bikes to compete in the emerging market. The decision is accepted by the headquarters on the principle that the man on the ground is the best judge of local conditions.

This is a decentralized organizational structure

Carlos is asked about a product that he has never seen or used before. In this scenario, Carlos is likely to

Answers

Answer:

find it difficult to communicate meaningful opinions.

Explanation:

Communication is the process by which an individual passes across information in a form that can be understood by the recipient, and it should elicit the desired action in the receiver.

However if the sender has insufficient information he will not be able to access relevant information.

This is the situation in the given scenario where Carlos is asked about a product that he has never seen or used before. In this scenario.

He is likely to find it difficult to communicate meaningful opinions.

The greater the risk associated with an investment, the greater is its _____. book value market appeal expected return price

Answers

Answer:

expected return

Explanation:

Costs for office equipment in the first year of a business can run from approximately

A 500 to $1,500.
B3,000 to $12,000.
C6,000 to $18,000.
D10,000 to $25,000.

Answers

Answer:

c

Explanation:

if it's a green technology than the answer could be c

in the indirect method of cash flows, which of the following would be added to net income?
a. a decrease in sales tax payable
b. an increase in inventory
c. a decrease in supplies
d. an increase in prepaid rent

Answers

Answer:

C. A decrease in supplies

Explanation:

#CARRYONLEARNING

What might happen if borrowers miss scheduled mortgage payments, fail to pay property taxes, or allow the property to fall into disrepair

Answers

Answer:

Authorize the property to deteriorate.

Explanation:

Example - Borrowers may suffer loan default if they fail to pay real estate taxes, allow their property to deteriorate, or miss regular mortgage payments.

Borrowers may suffer loan default if they skip regular mortgage payments, fail to pay real estate taxes, or allow the properties to fall into disrepair.

According to the resource-based view, a firm that has resources that are valuable and rare but not costly to imitate will at best be able to achieve __________ in relation to its industry peers. Group of answer choices competitive advantage temporary competitive advantage competitive parity competitive disadvantage sustained competitive advantage

Answers

Answer:

temporary competitive advantage

Explanation:

The RBV or the resource-based view is defined as the managerial framework that is used for determining the strategic resources for which a firm can exploit in order to achieve a sustainable competitive advantage.

The resource based view model is in contrast with the with the perfect competition model of the industry competition.

According to this model, the firm that have valuable and rare resources but these resources which are not difficult to imitate is most likely to achieve a temporary competitive advantage with its peer industries in the market.

Al works for a company that books vacation rentals. He is a competitive person, so he needs to feel like he can bring in more customers and book more rentals than the other employees. When he is able to book more rentals than his co-workers, he feels a high level of self-respect as well as respect from others. This scenario describes how Al fulfills his ________ needs.

Answers

Answer:

esteem.

Explanation:

In 1943, Abraham Maslow a humanist psychologist in his work titled "A theory of Human Motivation" stated that five categories of human needs influences or impact the behavior of an individual.

Maslow's Hierarchy of Needs can be defined as a pyramid model which typically represents the fundamental or basic needs of an individual that are necessary and required to be met before he or she can achieve complete growth, development and self-actualization

Basically, the five (5) human needs include;

I. Physiological needs.

II. Safety needs.

III. Love and belonging needs.

IV. Esteem needs.

V. Self-actualization needs.

According to the hierarchy of needs, the esteem needs comprises of strength, confidence, respect from others, self-belief, accomplishment, self-worth, physical and social acceptance, self-respect, etc.

Hence, this scenario describes how Al fulfills his esteem needs.

the demand for professional education is increasing this day. put your argument to support the statement​

Answers

Explanation:

I hope it helps you... and please marks me as brainliests...

Bindy, an 18-year-old high school graduate, and Luciana, a 40-year-old college graduate, just purchased identical hot new sports cars. Acme Insurance charges a higher rate to insure Bindy than Luciana. This practice is an example of:

Answers

Answer: Price discrimination

Explanation:

Price discrimination refers to a practice where different consumers are charged varying prices based on certain demographic factors.

This practice is very prevalent in insurance due to the various risks that different demographical populations provide. In this instance for instance, the 18 year old is charged higher because young people are known to be more rash when driving owing to them having less experience and being more prone to act impulsively which can lead to accidents.

A project is expected to generate annual revenues of $129,300, with variable costs of $72,400, and fixed costs of $18,900. The annual depreciation is $4,950 and the tax rate is 21 percent. What is the annual operating cash flow

Answers

Answer:

$42,950

Explanation:

Data and Calculations

Revenue                                            $129,300

Less variable costs                          ($72,400)

Less  fixed costs                               ($18,900)

add depreciation                                $4,950

Operating Cash flow                         $42,950

Thus

The annual operating cash flow $42,950.

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