The statement given in option (b) ‘A binding price floor makes all consumers worse off, makes some producers worse off, and makes some producers better off’ is true about binding price floors.
A binding price floor fixes a minimum price of a good above the equilibrium price. Binding price floors make sure that prices for the goods do not drop below the set price, thus binding the market to that price for the goods and making it illegal to sell and buy at the equilibrium price and any other price that is below the price floor.
Since the binding price floors raise the prices of the goods above the equilibrium prices, this results in a decrease in demand and an increase in supply. Because of this, the amount of supply exceeds the amount of demand, leading to a surplus of the goods in the market.
While the other statements given in the rest of the options are not true in the context of binding price floors.
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rebecca has always touted social recognition, friendship, accomplishment, and comfort as her desired goals that she is working towards in life. these are examples of ______.
Rebecca has always touted social recognition, friendship, accomplishment, and comfort as her desired goals that she is working towards in life. these are examples of terminal value.
In Psychology, Personal values come in two categories; terminal and instrumental. while Terminal values are the desired results or end-states that a person strongly desire to achieve such as social recognition, wealth, or freedom, happiness, real friendship, health relationship or marriage etc. Instrumental values are simply a person's ways of behaving such as friendly, hardworking or ambitious. Each individual has a different set of terminal values in his or her values complex.
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what is the difference between spending from a microeconomic standpoint versus spending from a macroeconomic standpoint?
Macroeconomics is the area of economics that examines the economy broadly and deals with variables that have an impact on the entire national, regional, or global economy. Microeconomics focuses on particular entities like enterprises, homes, and individuals and examines the economy on a micro-scale.
Macroeconomics is a discipline of economics that examines an economy's overall performance, structure, behavior, and decision-making rather than just specific markets. This covers the local, regional, and international economy. In order to understand how the entire economy operates, as well as the relationships between such variables as national income, output, consumption, unemployment, inflation, savings, and investment, international trade, and international finance, macroeconomics entails the study of aggregated indicators such as GDP, unemployment rates, and price indices.
Contrarily, microeconomics is the area of economics that focuses primarily on how individual agents' behaviors—such as those of businesses and consumers—determine the prices and quantities in particular marketplaces. Analyzing market processes that determine relative pricing for different goods and services as well as how scarce resources are distributed among various uses is one of the objectives of microeconomics.
General equilibrium, markets with asymmetric information, decision under uncertainty, and economic applications of game theory are important areas of research in microeconomics.
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the demand curve confronting a competitive firm is group of answer choices horizontal, while market demand is downward-sloping. downward-sloping, while market demand is flat. horizontal, as is market demand. downward-sloping, as is market demand.
A firm in a competitive market must deal with a horizontal demand curve.
In which competetion Demand curve is horizontal?The demand curve for a perfectly competitive market is horizontal as the demand is perfectly elastic. This is because all firms can sell however much they want at the market price and at the market price only.What is the demand curve in a perfectly competitive market?-A perfectly competitive firm's demand curve is a horizontal line at the market price. This result means that the price it receives is the same for every unit sold.hence,A firm in a competitive market must deal with a horizontal demand curve.
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Casey has an amortized loan payment of $400, and the interest they owe for that month is $50. By how much does casey pay down the principal?.
Based on the amortized loan payment that Casey pays, and the interest owed, the amount that Casey will have to pay down as principal is $350.
How to find the principal payment?Whenever an amortized loan payment is made, it is prudent to know that this payment comes with two parts. One goes to the interest payment, and the other goes towards paying down the principal which is also called, the principal payment.
For instance, if a person is paying $3,000 for a loan payment every year, some part of that will go to the interest on the loan, and the other part will go to the principal of the loan, which is the actual amount that was borrowed.
This means that in the case of Casey, the amount paid to pay down the principal is:
= Amortized loan payment - Amount owed for the month
= 400 - 50
= $350
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Answer:
Explanation:
350
motorsports company retires shares it buys back. in its first share repurchase transaction, motorsports purchased stock for more than the price at which the stock was originally issued. what is the effect of the purchase of the stock on each of the following?
The purchase price is deducted from the paid-in capital. The amount paid to reacquire the stock is credited in cash. The (negative) plug refers to retained earnings.
What is stock?
Stock in finance refers to the shares into which a corporation or company's ownership is divided. A single share of stock represents partial ownership of the corporate entity based on the total number of shares. This usually entitles the stockholder to a portion of the company's earnings, proceeds from asset liquidation, or voting power, which are often divided in proportion to the amount of money evey stockholder has invested. Certain classes of stock may be issued without voting rights, to enhanced voting rights, or with a specific primary consideration to receive profits or liquidation proceeds either before or after both these classes of shareholders.
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in determining cash flows from operating activities (indirect method), adjustments to net income should not include:
A gain on equipment sales should not be added to adjustments to net income when calculating cash flows from operating activities (indirect method).
Cash flows: what are they?The sum of net cash that a company receives and spends over a given period of time is known as cash flow. For an entity to continue operating, a positive cash flow must be maintained; additionally, investors must derive value from positive cash flows.
Investors are especially interested in seeing strong cash flows even after capital expenditures have been paid for (which is known as free cash flow). Typically, a standard reporting period, such as a month, quarter, or year, is used to track cash flow over this time period.
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gatorade thirst quencher was concocted in 1965, but more recently its marketers introduced gatorade zero, a sugar-free drink, in 2018. this introduction is an example of a
The introduction is an example of a Product line extension
A marketing tactic known as product line extension leverages an established brand to add a new item to an existing product line. A firm's new product could have minor differences from its existing products in terms of, for example, flavor, color, form, components, or packaging size.
The Gatorade thirst quencher was created in the year 1965, and in the year 2018, its marketers released Gatorade zero, which was a sugar-free drink. Apart from this, Gatorade AM was established in the year 2007, while the Gatorade G Series was introduced in 2010. Throughout, there have been numerous Gatorade products launched to the market, which are examples of product line extensions
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samantha had never traveled to new york city before, but she had been on a recent business trip to houston. when she learned that the hotel room she wanted in new york city cost $300 per night, she was shocked because she thought the hotel rooms would be priced similarly to those in houston. this is an example of the
The given situation is an example of anchoring and adjustment bias
Anchoring and adjustment is a cognitive bias that refers to the typical human propensity to overly depend on the initial piece of information provided when making judgments. It is when people utilize an early piece of information to create subsequent judgments during decision-making. After the anchor is fixed, the remaining data is rearranged to fit the position of the anchor, creating a bias.
For instance, the initial price that a used computer vendor offers sets the bar for all subsequent talks, making prices that are lower than the initial price seem more acceptable even when they are still greater than the computer's actual value. Similarly, Samantha was a new traveller and was under the incorrect assumption that the prices of hotel rooms in New York and Houston would be the same. She should have researched more, rather than relying on first-hand information. Thus, this is an anchoring and adjustment bias
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in what fundamental ways does activity-based costing differ from traditional costing methods such as job-order costing as described in chapters 2 and 3?
The primary distinction between ABC costing and traditional costing systems is that in traditional costing, all product costs are accumulated and a predetermined overhead rate is calculated.
The fundamental difference between ABC costing and traditional costing systems is that in traditional costing, you accumulate all product costs and create a pre-determined overhead rate.
The burden of the driver is then applied equally to each product. The ABC method, on the other hand, divides each activity into cost pools, or "buckets," and then applies an overhead cost distinctive to each item and determines how much of each activity base, or "driver," it uses. One thing to keep in mind is that, while ABC has multiple rates and the burden differs between methods, they both share the same total overhead.
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what does increasing marginal opportunity costs mean?
Increasing the production of a good requires larger and larger decreases in the production of another good.
Marginal analysis is an examination of the costs and benefits of certain activities. Marginal analysis can show you the additional production costs until you break even, where the company's costs and the revenue it receives from production are the same.
Companies use marginal analysis to ensure that the benefits of a particular activity outweigh the costs. For example, if a company is considering increasing the volume of goods they produce, they will perform a marginal analysis to ensure the cost of producing more products exceeds the additional costs that would accompany the decision, such as increased labor costs or additional materials you may need to produce. the item.
Marginal analysis is useful for helping people and businesses decide how to allocate resources to maximize profitability and benefits while minimizing costs.
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entreprenuerial experiments are simply smaller-scale versions of analytical experiments; both rely upon data systems analytics.
a. True
b. False
Entrepreneurial experiments are simply smaller-scale versions of analytical experiments; both rely upon data systems analytics
According to this definition, entrepreneurship is defined as change, often involving risk above what is normally faced when beginning a business, and may contain values other than monetary ones. An entrepreneur is a person who establishes and/or invests in one or more enterprises, assuming most of the risks and reaping the majority of the gains.
Entrepreneurship refers to the process of starting a business. Entrepreneurs are generally viewed as innovators, providing new ideas, products, services, and business/or operations.
More restrictive definitions of entrepreneurship have described it as the process of designing, launching, and running a new business, which is frequently identical to a small business.
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cortez company updates its inventory records perpetually. the company's records showed a beginning inventory of $25,000, cost of goods sold of $33,000, and ending inventory of $27,000. how much inventory was purchased during the year?
The business purchases a product inventory, which it then resells to the general public at a higher price. The balance sheet's current asset section includes a line item for the ending inventory or unsold inventory.
Cost of goods sold plus ending inventory minus beginning inventory equals purchases.
Purchases equal 33,000 + 27,000 - 25,000, or 35,000.
The cost of finished goods (COGS) that a retailer or wholesaler has on hand to sell to its clients during a specific accounting period is known as merchandise inventory. The price of the books or periodicals a bookshop offers for sale would be considered part of its merchandise inventory.
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true or false: persuasive messages that you generate as a representative of a business or other organization are generally considered to be high-stakes communications.
It's true that the persuasive messages you create in your capacity as an employee of a company or other organization are frequently referred to as high-stakes communications.
What are persuasive messages?Persuasive message strategy are various strategy used in conjuring message intended to convince or persuade the reader that the opinion or claim of the writer is correct.
The strategies needed for forming persuasive messages are:
First, you must structure your arguments.The use of both rational and emotive appeals must be balanced.The next step is to support your claims.Finally, discuss preparing for criticism.In conclusion, persuasive message techniques are frequently employed by writers to persuade audiences or message recipients.In conclusion, Persuasive message strategy are majorly used writer to convince the audience or message receiver.
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In which stage of the product life cycle does a company usually not generate profits from a new product?.
The stage of the product life cycle which a company usually does not generate profits from a new product is: C. introduction stage
What is a product?A product is any tangible item or physical object that is essentially produced by a manufacturer, so as to satisfy and meet the demands, needs or wants of every customer.
What is a product life cycle?A product life simply refers to all of the phases or stages that a specific product moves through, primarily from the point (period) it was introduced by the manufacturer (producer) into the market to the period when it is eventually revoked and moved from the market.
Generally speaking, there are four (4) main stages in the product life cycle and these including the following;
Introduction.Growth.Maturity.DeclineIn conclusion, we can reasonably infer and logically deduce that no profits are generated at the introduction stage of a product because customers, sales, and competitors have fallen.
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Complete Question:
In which stage of the product life cycle does a company usually not generate profits from a new product?
a. maturity stage
b. growth stage
c. introduction stage
d. cannibalization stage
e. decline stage
Which of the following are among the biggest challenges in conducting good marketing research?
(1) setting the research objectives
(2) identifying possible marketing actions
The biggest challenge in doing good marketing research is identifying possible marketing actions.
Marketing research is an activity carried out to collect data for use in product marketing. From here, you will get data about sales to customer satisfaction when using the product.
You need to do this marketing research activity systematically. That is, you must know the problem formulation, objectives, and data processing must be truly accountable. That way, you can simultaneously conduct a marketing analysis for a problem faced in business.
Marketing research will assess many things in the product you are selling. This concerns the value of the product, price, and the marketing tools used. In addition, this research also looks at customer satisfaction by looking at the distribution of goods and the customer's desire to repurchase.
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The extent to which a firm’s future international earning power is affected by changes in exchange rates in the long-run is known as ________ exposure.
The extent to which a firm’s future international earning power is affected by changes in exchange rates in the long-run is known as economic exposure
An exchange rate is a rate at which one forex will be exchanged for another currency. maximum exchange charges are described as floating and could upward push or fall based totally at the deliver and call for inside the marketplace. A few alternate prices are pegged or constant to the price of a particular country's currency.
An exchange charge is a charge at which one foreign money may be exchanged for every other forex. Maximum exchange costs are described as floating and will rise or fall based totally on the deliver and demand in the market. some alternate prices are pegged or fixed to the fee of a specific u . s . a .'s currency.
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the unemployment rate may overestimate the true extent of unemployment if: question 9 options: people falsely claim that they are actively seeking work in order to receive unemployment benefits. many part-time employees would like to work fulltime, but are unable to get the additional work. many people who claim to be unemployed actually work in the underground economy either b) or c) occurs.
One thing that might lead to the unemployment rate overestimating the true extent of unemployment is people falsely claim that they are actively seeking work in order to receive unemployment benefits.
How is the unemployment rate calculated?When the unemployment rate is calculated, there are people who are not included in this measure. One of those people include those in the underground economy. This means that those who work there are not treated as unemployed. There are also part-time workers. Those who engage in part-time work are considered fully employed by the government.
The only people who go into the unemployment rate are those who are actively looking for work and yet don't have any. This means that if people are not looking for work, but say that they are actively seeking work so they can keep collecting unemployment benefits, they would be causing the unemployment rate to be overestimated.
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marci’s company purchased some debt securities. the company plans to hold on to the securities until they mature, rather than selling them off to make a profit right away. what is this an example of?
Company plans to hold on to the securities until they mature, rather selling them off to make a profit right away is an example of debt trap.
Market securities are often offered in terms of short term and long term which charges some rate of interest and provide return on investment on certain charges. Mature securities often tend to provide high rate of interest.
Profits are often tend to rise when people invest more and this cause debt trap if they are not able to pay them earlier and take loan again and again on securities and can just payoff them selling at higher rates.
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identify the correct and incorrect statements. correct answer(s) the reliance on contractors raises a variety of challenges with oversight and accountability. press space to open privatization downsizes government. press space to open contractors are generally more skilled and have greater expertise than career bureaucrats. press space to open contracting always leads to lower
Based on the statements given on contracting, the correct and incorrect statements are:
Correct statements:
The reliance on contractors raises a variety of challenges with oversight and accountability.Privatization downsizes government.Incorrect statements:
Contractors are generally more skilled and have greater expertise than career bureaucrats.Contracting always leads to lower.What are the advantages and disadvantages of contracting?When the government engages in contracting, it downsizes government because private companies are being relied on.
However, contracting comes with a slew of disadvantages such as sometimes leading to higher costs, oversight and accountability issues, and the challenge of hiring people with less skill and expertise than career bureaucrats.
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Many states require the sender of an e-mail ad to tell recipients how to opt out of receiving future e-mail ads from the sender.
a. True
b. False
Many states require the sender of an e-mail ad to tell recipients how to opt out of receiving future e-mail ads from the sender: a. True.
What is an e-mail?An e-mail is an abbreviation for electronic mail and it can be defined as a software application or program that is designed and developed to enable end users send and receive (exchange) both texts and multimedia messages (electronic messages), especially through the use of a network-enabled device and usually over the Internet.
Due to an increase in spamming and unsolicited messages, it is required by law in many states for the sender of an e-mail (electronic mail) advertisement to provide recipients with information on how to opt out of receiving future e-mail advertisements from senders or originator.
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When the economy suffers a downturn, vacationers are more likely to take car trips than to fly. What provides the most reasonable explanation for this phenomenon?
What gives the most plausible explanation for this phenomenon is that air travel is a normal good and vacation travel by car is an inferior good.
An economic crisis is a condition that refers to a condition where the economic condition of a country is experiencing a sharp decline. The reason is the fragile economic foundation, high inflation and stagnant economic growth reflect this.
Other factors that can make a country suffer from an economic crisis are a large foreign debt burden, the affordability of which exceeds its ability to pay, low investment efficiency, and a large and uncontrollable balance of payments deficit.
The economic crisis itself is understood as the impact on the country's economic system, which causes a contraction in the country's economic instruments, such as a decline in the value or price of assets. Symptoms of an economic crisis are usually a decrease in government spending capacity, an unemployment rate that exceeds 50% of the total workforce, a decrease in consumption or low purchasing power, an unstoppable increase in the price of basic commodities, and a sharp decline in economic growth.
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oksana can't decide whether to file her taxes or start a written assignment for one of her college courses. neither option seems appealing. oksana is facing a(n) conflict.
Osaka is currently dealing with Intrapersonal conflict.
What is Intrapersonal conflict?
The intrapersonal conflict is conflict experienced by a single individual, when his or her own goals, values or roles diverge.
Examples of interpersonal conflicts include a married couple fighting over finances or two employees fighting over who gets a promotion.
It is divided into three types
1. approach-approach conflict
2.approach avoidance conflict
3. avoidance-avoidance conflict.
It is further related interpersonal conflict communication
assertive, aggressive, passive, and passive aggressive
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if treasury bills are currently paying 6.4 percent and the inflation rate is 1.5 percent, what is the approximate and the exact real rate of interest?
To resolve the issue, we employ the Fisher Effect.
Rate about ——- T-bill rate - Inflation rate
4% - 1.5% = 4.9%
Actual Rate —-
Fisher's equation reads, "1 + I = "1 + r"
I = T bill rate, r = real rate, and = inflation rate
This formula provides the true rate.
[(1 + 0.064)/(1 + 0.015)] -1 is 4.83 percent
The link between inflation and both real and nominal interest rates is described by Irving Fisher's economic theory, the Fisher Effect. The real interest rate, according to the Fisher Effect, is equal to the nominal interest rate less the anticipated inflation rate.
If the Fisher Effect is stable, the steady-state inflation rate will be *. The dynamic equation's stability or instability is ultimately determined by the autoregressive coefficient, which is equal to. It is increased to the time period t in the equation. The equation results in a steady state that is stable when the autoregressive coefficient is between -1 and 1.
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beverly works at a baby products store. she helps customers find what they are looking for and rings up sales that customers bring to the check-out counter. beverly works as a(n) .
Beverly works as a sales person. The sales representative is in charge of soliciting orders from current or potential sales outlets while selling products and attending to customer demands. When a consumer makes a purchase, they make sure they are satisfied and well taken care of.
From the initial lead outreach until the actual purchase, they manage client connections and function as the primary point of contact. A skilled salesperson can provide customers with more than just an interesting presentation; they are positive, resilient individuals who take the time to understand their clients' needs, exhibit empathy, and deal in a product with confidence.
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A decision tree, which is the chain of command used by many organizations when discussing alternatives, must be followed when getting decisions approved. True or false?.
It is true that A decision tree, which is the chain of command used by many organizations when discussing alternatives, must be followed when getting decisions approved.
What is a decision tree?A decision tree can be described d the tree that is used to symbolizes the alternatives as well as the other factors that is needed to be considered when a particular firm s trying to make a decision that can affect the organization.
It should be noted that the organization is been designed to make decision base on the past data so that they use it to design the future of the organization and this tree will be of help because it contains all the alternatives.
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Which of the following items appears on the income statement?
a. Cost of goods sold
b. Selling and administrative expenses
c. Gross margin.
The way market values have changed throughout time suggests that natural resources are not only used for economic development. It alludes to an increase in the average level of prices, is the appropriate reaction.
The overall rise in the level of average prices for goods and services during a specific time period is referred to as inflation. When prices grow unevenly and some consumers' purchasing power declines, inflation's primary cost is the erosion of real income. Over time, inflation impact on the ability of consumers who pay and receive fixed interest rates to make purchases.
Measures the change in a nation's degree of prosperity. Because nominal measurements do not account for inflation, they are less accurate than the other measurements..
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1. When something is balanced, it is evenly distributed on all sides. When
you're talking about a budget, it means income equals
——-
When something is balanced, it is said to evenly distributed on all sides. When you are talking about a budget, it means income equals to the expenditures.
A balanced budget which is particularly that of a government, is a budget in which the revenues are equal to expenditures. So here, neither a budget deficit nor a budget surplus exists. However, generally, it is a budget which has no budget deficit, but could possibly have a budget surplus.
In the financial planning or the budgeting process, a balanced budget refers that revenues are equal to or they also can be greater than the total expenses.
Hence, a budget can be considered balanced after a full year of revenues and expenses have been incurred and recorded.
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a bank offers a loan that will requires you to pay 5% interest compounded weekly. what the ear charged by the bank?
A bank will grant you a loan in exchange for weekly interest payments of 5%. The amount that the bank charges is 0.58%.
What is the rate of effective annual interest?The effective annual interest rate (EAR) is a measure of interest that takes into account both the exact cost of a loan or credit card as well as the actual rate of return on an investment or savings account. The effects of compound interest over time are taken into account by the EAR.
The interest rate that has been compounded is the effective yearly interest rate. In actuality, interest might be compounded on a monthly, semiannual, annual, or other schedule.
Interest rate (I)= 5%
Compounding period(n) = weekly
EAR = [tex](1 + \frac{6}{100 X 52} )^{52}[/tex]-1
EAR= [tex](1.0011)^{52}[/tex]-1
EAR= 1.058-1
EAR= 0.58%
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How is each of the following events likely to shift the supply curve or the demand curve for fedex delivery drivers in chicago? make sure you indicate which curve (curves) is affected and if it shifts out or in
a. Because beef is an ingredient in making hamburgers, the price of beef will have an impact on the supply curve of hamburgers as it triples. As a result, the supply curve of hamburgers will shift to the left from S1 to S2, and as the economy moves from A to B, the equilibrium price of hamburgers will rise from P1 to P2 and the equilibrium quantity of hamburgers will fall from Q1 to Q2.
b. Since chicken is an ingredient used to make hamburgers, the supply curve will be impacted if the price of chicken drops by 50%. Therefore, as the price of chicken decreases by 50%, the supply curve for hamburgers will shift to the right from S1 to S2, and as the economy progresses from Point A to Point B, the price of hamburgers decreases from P1 to P2, and the equilibrium quantity of hamburgers rises from Q1 to Q2.
c. As a result of population aging, there are fewer teenagers in the economy, which will affect the demand curve for hamburgers as they demand more of them. The demand curve for hamburgers shifts left from D1 to D2, and as the economy moves from point A to point B, the equilibrium price of hamburgers declines from P1 to P2, and the equilibrium quantity of hamburgers will decline from Q1 to Q2.
d. Because beef is a necessary input in the production of hamburgers, as mad cow disease, a rare but fatal medical condition, spreads throughout the United States, people will consume fewer hamburgers. As a result, the demand curve for hamburgers will shift to the left from D1 to D2, and as the economy moves from point A to point B as a result of this leftward shift of the demand curve, the equilibrium price of hamburgers will fall from P1 to P2 and the equilibrium quantity of hamburgers.
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What role did designer Carter Bryant play in this intellectual property case?
MGA Entertainment claimed that his design for Mattel was hurting their profits.
Mattel claimed that he created the design under dispute while working for them.
Mattel claimed that he stole his design from one of the employees at their company.
MGA Entertainment claimed that his design was too close to one created by Mattel.
The role designer Carter Bryant played in this intellectual property case was that Mattel claimed that he created the design under dispute while working for them.
Therefore, the correct option is B.
Carter Bryant ("Bryant") was a former employee of Mattel who left the company for MGA Entertainment, Inc. ("MGAE") on or about October 4, 2000. According to a state court complaint that Mattel filed against Bryant, Bryant violated his contractual and common law obligations to the company by failing to disclose his concept sketches and sculptures of the Bratz dolls. Bryant's right, title, and interest in any inventions he imagined or put into effect at any point while working for Mattel, according to Mattel, were mutually intended to be assigned to Mattel by Bryant and Mattel under the terms of the Inventions Agreement.
Ocean Tomo testified in the second trial over Mattel's ownership claim over the Bratz dolls that MGA had lost $85 million in losses as a result of Mattel misappropriating MGA's trade secrets. All of Mattel's arguments regarding the Bratz dolls were dismissed by the jury, and Mattel was not given any copyright damages. MGA was instead given a judgment of $85 million for trade secret misappropriation damages. Punitive damages, court costs, and other expenses were also given to MGA.
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Answer: B
Explanation:
Mattel claimed that he created the design under dispute while working for them.
