Which of these is an example of an inelastic good?
A. Medicine
B. Jordans
C. Cell Phone
D. Big Zax Snack

Answers

Answer 1

Answer:

A. Medicine

Explanation:

Inelastic good is a product whose demand does not fluctuate with price changes. It means the demand for the good remains constant even if prices increase or decrease. The term inelastic symbolizes the demand for the good is static.

Medicine has an inelastic demand. Patients need medication regardless of prevailing prices. An increase or decrease in prices of medicines does not influence the demand. The term inelastic contrast elastic demand, which is the demand that varies with changes in prices.


Related Questions

what a product that hasn't been created yet???

Answers

Answer:

i like your smart pantry idea lol, its like a smart fridge but pantry version

Explanation:

PLEASE HELP ITS 55 POINTS

Answers

Answer:

i am reaaly confused on what the question is

Answer: ok

Explanation:

Three entrepreneurs were looking to start a new brewpub near sacramento, california, called roseville brewing company (rbc). brewpubs provide two products to customers—food from the restaurant segment and freshly brewed beer from the beer production segment. both segments are typically in the same building, which allows customers to see the beer-brewing process.

Answers

Answer:

A lot of information is missing as well as the requirements, so I looked for similar questions.

The requirements are:

a. What is the break-even point in sales dollars for RBC?

b. What is the margin of safety for RBC?

c. What sales dollars would be required to achieve an operating profit of $250.000? $490.000?

a) break even point = total fixed costs / contribution margin

total fixed costs = $1,125,430contribution margin = $1,427,642 / $1,953,000 = 73%

break even point = $1,124,430 / 73% = $1,540,315

b) margin of safety = current sales - break even point = $1,953,000 - $1,540,315 = $412,685

c) operating profit = $250,000 ⇒ ($1,125,430 + $250,000) / 73% = $1,884,150.69

operating profit = $490,000 ⇒ ($1,125,430 + $490,000) / 73% = $2,212,917.81

How are business plans used in health care? Check all that apply.
-identifying a consumer market
-establishing goals and objectives
-comparing prices of medical equipment
-calculating a company's cash flow
-figuring out the business's purpose

Answers

Answer:

identifying a consumer market

comparing prices of medical equipment

calculating a company's cash flow

Answer:

Establishing goals and objectives

Figuring out the business’s purpose

Explanation:

I got it correct ;)

Question 9 of 10
Which of the following is a general example of a business?
A. Jordan uses a computer to research the Civil War for his history
project.
B. Frank prepares dinner for his family on weeknights.
C. Wanda tries to make a profit by selling homemade jam at the
farmer's market.
D. Laurel volunteers to babysit her niece on Saturday.
SUBMIT

Answers

The best example of a business is that Wanda tries to make a profit by selling homemade jam at the farmer's market.

What do you mean by Business?

An entity is defined as an organization or entity that performs commercial, industrial, or professional activities. Businesses can be for-profit organizations or non-profit organizations.

Business types range from limited liability companies to sole ownership, companies, and partnerships.

Thus, Option C is the correct answer that Wanda tries to make a profit by selling homemade jam at the farmer's market.

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What is a stock symbol?

Answers

Answer:

A stock symbol is an arrangement of characters—usually letters—representing publicly-traded securities on an exchange. When a company issues securities to the public marketplace, it selects an available symbol for its shares, often related to the company name.

Explanation:

A manufacturing company provides jobs for many people in a small town where employment is not easy to find. The company has stayed in the town even though it could find cheaper workers elsewhere, because workers are loyal to the company due to the jobs it provides. Over the years, the company has developed a reputation in the town for taking care of its employees and being a responsible corporate citizen.

The manufacturing process used by the company produces a by-product that for years has flown into the town river. The by-product has been considered harmless but some people who live near the river have reported illnesses. The by-product does not currently violate any anti-pollution laws.


WHAT ARE THE ANSWERS TO THESE QUESTIONS?

What are the issues of integrity, ethics and law posed in the case study? What options does the company have, and what should it do and why?

Answers

Explanation:

Note, the term integrity often refers to the ability to keeping to one's moral principles, such as honesty. And ethics refers to the principles of right and wrong one might have.

For example, from this case, we observe that

although the company is known to have a good reputation over the years and of being a responsible corporate citizen, if it fails to act, then the company's integrity comes under question.Even though the by-product does not violate any laws, failing to take action may taint the good reputation it has had considering the fact that the company is well aware that "some people who live near the river have reported illnesses."

Note That,  When the term is integrating often refers to the ability to keep to one's moral principles, such as honesty. And also, that ethics refers to the principles of right and wrong one might have.

Giving For  such example are, from this case, we observe that is:

Thus, although the company is known to have a good reputation over the years and of being a responsible corporate citizen, Then if any it fails to act, then the company's integrity comes under the question of law. Also that Even though the by-product does not violate any laws, Then it is failing to take action may taint the good reputation it has had considering the fact that the company is well aware that is "some people who live near the river have reported illnesses."

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name every my hero acadamia character

Answers

Answer:

Izuku Midorya (All for one quirk, main protagonist)

Ochaco Uraraka (Zero-Gravity)

Iida Tenya (Engine)

Katsuki Bakugo (Explosion)

Tsuyu Asui (Frog)

Shouto Todoroki (Half-cold, half-hot).

The main teachers would probably be Shouta Aizawa (aka Eraserhead; their homeroom teacher) and All Might, the No. 1 hero and Izuku’s mentor.

The rest of Class 1A includes: Momo Yaoyorozu (Creation), Yuga Aoyama (Naval Lazer), Mina Asahido (Acid), Eijiro Kirishima (Hardening), Mezo Shoji (Dupli-Arms), Toru Hagakure (Invisibility), Koji Koda (Ani-voice), Denki Kaminari (Electrification), Hanta Sero (Tape), Rikido Sato (Sugar Rush), Masahirao Ojiro (Tail), Kyouka Jiro (Earphone Jack), Fumikage Tokoyami (Dark Shadow, and finally, Minoru Mineta (Pop-Off)

Explanation:

Answer: cant name all of them buti ill try

Explanation: izuku midoriya

                      shoto todoroki

                       katsuki bakugo

                      Eijiro Kirishima

                       Momo Yaoyorozu.

                        Tenya Ida.

                        Shoto Todoroki.

                        Tsuyu Asui.

                     Kyoka Jiro.

                Mashirao Ojiro

Which of these contains data that identifies a product?
A. UPC
B. Inventory
C. Information system
D. Purchase order

Answers

Answer:

A. UPC

Explanation:

A UPC is an acronym for universal product code. UPC is typically used for the identification of a specific product and its manufacturer (vendor) through a unique code that is printed on the product.

Basically, a universal product code (UPC) comprises of two (2) main parts;

A machine-readable barcode that contains sets of vertical black lines. A unique twelve (12) digit number placed beneath or adjacent to the machine-readable barcode.

The first six-digits of the UPC represents the manufacturer and is printed on all of its products while the next five-digits is the product's unique reference number (item number) and the last digit is typically known as a check digit, used for the verification of the authenticity of a UPC.

Generally, the universal product code are usually scanned with a barcode scanner and this makes it easier to identify a product, as well as its price.

Hence, a universal product code (UPC) contains data that identifies a product.

Answer:

upc

Explanation:

The Boston Hotel High-end linens 600-thread-count sheets Coffeemaker and selected teas Imported beer Fresh-squeezed juices Affordability Food and drink Double-thick bath towels Silk pillowcases Raw silk curtains with gold embellishments $100/night four-star rooms Free snacks, shampoo, and conditioner Free wireless Internet

Answers

600 beads of doc green

how has smartphones product changed the way business is conducted? What business innovations have occurred as a result of this product being offered?

Answers

answer amd explanation: i think smartphones are a distraction.

According to leading entrepeneur, Guy Kawasaki, the best reason to start a new business is to ______.


be your own boss

make a large profit

make the world a better place

achieve success

Answers

Answer:

make the world a better place

Explanation:

Answer:

C. Make the world a better place

Explanation:

"The best reason to start an organization is to make meaning - to create a product or service to make the world a better place."

—Guy Kawasaki, entrepreneur, investor, author

Nola Potter earns a salary of $1,200 a month and a commission of 7.5% on all sales over $4,000. This month her sales were $21,400. Find her total earnings for the month.

Answers

Answer:

$ 2,805  

Explanation:

Nora has a salary of $1200

The commission is paid on all sales above $4000 at 7.5%

Current month sales are $21,400.

Commissions to be paid will be 75% of $21,400

=7.5/100 x $21,400

=0.075 x 21,400

=$1,605

Nora's total earnings will be salary plus commissions

=$1,200 +$1,605

=$ 2,805

The partners in the biz partnership have agreed that partner mandy may sell her $100,000 equity in the partnership to brittney, for which brittney will pay mandy $85,000. Prepare the partnership's journal entry to record the sale of mandy's interest to brittney on september 30.

Answers

Answer:

Mandy Capital                     A/c   Dr.  $100,000

Brittney Capital                  A/c    Cr.                     $100,000

Explanation:

Mandy selling $100,000 shares of assets, so we will report the transaction on the sale of stock by the amount of equity sold. Now, all parties will negotiate the price that one can sell to another for this equity valuation, which would be $85,000 in this case.

Draw a correctly labeled graph of a housing market in equilibrium. On your graph, illustrate an effective legal limit (ceiling) on rent. Identify the quantity of housing demanded, the quantity of housing supplied, and the size of the resulting surplus or shortage.

Answers

Answer:

In the first picture I uploaded, I show the housing market equilibrium without any effective legal ceilings on rent. In this equilibrium, the quantity demanded and the quantity supply reach an equilibrum of 70, at a price of $1,100 per rent.

In the second picture I uploaded, we can see the price ceiling in red. The price ceiling does not allow the rent to reach equilibrium, which causes a demand of eighty houses, but a supply of sixty houses, leading to a housing shortage of 20 houses.

Gillespie enterprises inc. Issued $26 million in new common stock.
b. Cal state university received $20,000,000 cash for 80,000 five-game-season football tickets. None of the games have been played.
c. Cal state played the first football game referred to in (b).
d. Hall construction company signed a contract with a customer for the construction of a new $500,000 warehouse. At the signing, hall received a check for $50,000 as a deposit to be applied against amounts earned during the first phase of construction. Answer from hall's standpoint.
e. A popular snowboarding magazine company received a total of $1,800 today from subscribers. The subscriptions begin in the next fiscal year. Answer from the magazine company's standpoint. F. T-mobile sold a $100 cell phone plan for service in september to a customer who charged the sale on his credit card. Answer from the standpoint of t-mobile.

Answers

Question Completion:

For each of the transactions, if revenue is to be recognized in September, indicate the amount.  If revenue is not to be recognized in September, explain why.

Answer:

a. The issue of $26 million in new common stock by Gillespie Enterprises, Inc. is not a revenue transaction.  It is an equity transaction.  Revenue cannot be recognized, but it is a Cash Inflow from financing activity that should be recognized.

b. Since none of the games had been played, Cal State University should not recognize any revenue.  Revenue can only be recognized when a game has been played and some of the tickets used for the played game.

c. $4,000,000 ($20,000,000/5) should be recognized as revenue since the first football game has been played.  Recall that the tickets were for 80,000 five-game-season football games.

d. From Hall Construction Company's point of records, no revenue had been earned.  The deposit of $50,000 received can only be recognized as revenue when the first phase of construction had been completed.

e. The snowboard Magazine Company cannot recognize any amount out of the $1,800 as the subscriptions received are for the next fiscal year.

f. $100 should be recognized as revenue by T-mobile since the service is for September.

Explanation:

The Revenue from Contracts with Customers (IFRS 15 and ASC 606) standard indicates that revenue can only be recognized when the contract's performance obligation has been fulfilled.

CAN SOMEONE PLS HELP ME!!
Aspirin is one of the most widely used drugs in the world. Although many companies make and sell aspirin, all aspirin is pretty much the same. Because aspirin is a drug, the government has some control over companies that make it.
Is this an example of perfect competition? Why or why not?

Answers

Answer:

Yes

Explanation:

Because multiple companies are fighting over who will buy theirs even thought there all the same plz mark me Bg brain

It is an example of perfect competition because the many companies are the involved they make and sell aspirin.

What is perfect competition?

The competition of the market type is the perfect competition. Because there is less competition in the market, consumers have more options for products from various brands. The result is ultimately more competitive pricing and brings a cheaper product to the consumer.

The market is the based of the consumer demand and preferences. The perfect competition was the based of the so many brands are to exist in the market. The price are the increased the consumer are the shift to another goods and services. The example of the aspirin is drug in the world are the sell and make aspirin, the companies are the fighting to the sale in the market.

As a result, the example of the perfect competition.

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HELP ME PLEASE !!!

which of the following is a benefit that computer technology has provided to the realm of financial administration?
a. financial records can be searched more easily
b. less data availability
c. less security of financial records
d. slower data entry

Answers

Answer:

a. financial records can be searched more easily

Explanation:

Computer technology has aided in the automation and integration of an organization's financial records in a single system. A business's financial data relating to several financial years are accessible from a single computer. Computer technology has made it easy to collect, analyze, report, and interpret financial records.

Through computer technology, financial records are organized and stored in a manner that is easy to retrieve. It takes very little time to access the required financial information as long as it was labeled correctly and stored.

Answer:

1 selling stock before telling about the downfall one

2 A or financial records can be searched more easily

3 crowdfunding

4 forecast

DeMilo, Inc., owns 100 percent of the 40,000 outstanding shares of Ricardo, Inc. DeMilo currently carries the Investment in Ricardo account at $490,000 using the equity method. Ricardo issues 10,000 new shares to the public for $15.75 per share. How does this transaction affect the Investment in Ricardo account that appears on DeMilo’s financial records?

Answers

Answer:

$28,000

Explanation:

The transaction that affects the Investment in Ricardo's account that appears on DeMilo’s financial records can be calculated by deducting Investment in Ricardo Inc by DeMilo Inc from the value of DeMilion Inc. Share after New Share Issue.

DATA

Investment in Ricardo Inc by DeMilo Inc = $490,000

Parent’s Ownership Interest = 100%

Fair Value Ownership Equivalency = $490,000

Calculation

Adjusted Subsidiary Fair Value after New Share Issue = $490,000 + (10,000 * $15.75)

Adjusted Subsidiary Fair Value after New Share Issue = $490,000 + $157,500

Adjusted Subsidiary Fair Value after New Share Issue = $647,500

Partner’s Ownership after New Share Issue = 40,000 / 50,000 = 80%

Value of DeMilion Inc. Share after New Share Issue = $647,500 * 80%

Value of DeMilion Inc. Share after New Share Issue = $518,000

Therefore, Investment in Ricardo should be increased by $28,000 ($518,000 - $490,000).

Farmer Owens has an apple orchard that must be pollinated by bees in order to bear fruit. Farmer​ Owens's neighbor,​ Maude, owns beehives with bees that can pollinate the apple trees. Suppose the benefit of the bees to Farmer Owens is $5,000 per year. Suppose the bees provide no benefit to Maude but she must pay $3,000 per year to maintain the hives. If Farmer Owens and Maude engage in Coase​bargaining, what would likely​ result?

A. Farmer Owens would pay Maude between $3,000 and $5,000 to maintain the hives.

B. Maude would pay Farmer Owens between ​$3,000 and ​$5,000 to maintain the hives.

C. Farmer Owens would pay Maude between​ $0 and $5,000 to maintain the hives.

D. Farmer Owens would pay Maude at least ​$5,000 to maintain the hives.

E. Farmer Owens would not be willing to pay Maude an amount such that she would maintain the hives.

Answers

Answer:

E. Farmer Owens would not be willing to pay Maude an amount such that she would maintain the hives.

Explanation:

Remember, coerce​ bargaining implies that one party to a bargain uses their ability or privilege or advantage to force or pressure the other party to accept the bargain.

Hence, Farmer Owens, who seems to have a better advantage over Maude would likely coerce her into accepting his offer by not been willing to pay Maude an amount such that she would maintain the hives.

Econ please helppp :(((((

Answers

Answer:

Pure competition

Explanation:

Pure competition refers to an ideal market with very many suppliers selling an identical product. Because the sellers are many, none of them can influence the price. Pure competition is also the perfect competition.  Other characteristics of perfect competition include.

easy to enter and exit the market since there are no trade barriersAll sellers sell a homogeneous productall sellers are price takersThere are many buyers.Buyers have sufficient knowledge of prices and suppliers.

Scott and Mary have accepted a​ three-year international relocation for work. Both are still paid in U.S.​ dollars, and their paychecks are automatically deposited to a U.S. Bank. When they need​ cash, they use local ATMs that allow them to withdraw funds from their U.S.​ bank, but the ATM gives them the equivalent in local currency. Which type of system does the U.S. Bank use to transfer money almost​ instantly, and in the currency needed by the​ user?

Answers

Answer:

The answer is "Electronic Funds Transfer".

Explanation:

It is a financial exchange electronically, which is also known as direct deposit salary services with ATM, which Cash subsidies among buyer marketing authorization, which implies digitally moving funds from one bank to the next. It's accomplices through the exchange of paper currency or certificates. The bank account is among the most popular applications of EFT.

What is a plan for how much to spend and how much to save of ones earnings called?
A. a wish list
B. a personal budget
C. a saving account
D. an investment portfolio

Answers

The answer is c hoped this helped

If an entrepreneur can establish a strong and trustworthy management team, then the
risk might be avoided.
O compliance
O financial
strategic
operational
Mark this and return
Ne

Answers

Answer:

operational

Explanation:

bc it is

If an entrepreneur can establish a strong and trustworthy management team, then the operational risk might be avoided. Thus option D is correct.

What is Team?

When a group of people come together in an official setting and in a disciplined manner to achieve the common objective of business with individual roles and shared responsibilities representing teams.

A strong and trustworthy management team helps in better controlling and coordinating events which help to avoid operational risk and helps in producing efficient results with productivity.

The enforcement of laws safeguarding the environment and employees helps to reduce compliance risk, and building a stable number of clients helps in reducing financial risk.

Therefore, option D operational is appropriate.

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Foster, who owns a successful business with two locations and a few international clients, was approached by a large organization about dramatically expanding his company. Foster later told his wife that he is happy with his success, but he wants to stay small because if he decides to add new products, small companies


Multiple Choice: 1. take more time to start new endeavors 2. typically maneuver slowly with new ideas 3. can get started more easily and maneuver faster 4. tend not to change due to inexperienced management 5. can adjust more easily to capital shortages

Answers

Clearer question;

Tom, who owns a successful business with two locations and a few international clients, was approached by a large organization about dramatically expanding his company. Tom later told his wife that he is happy with his success, but he wants to stay small because if he decides to add new products, small companies ____.

Answer:

3. can get started more easily and maneuver faster

Explanation:

Remember, a small company is officially viewed as one having less than 500 employees.

So, Tom's business qualifies as such, and it is quite true to a large degree that small companies can get started more easily and maneuver faster since they require less staff management.

Nora has heard that opening a lot of credit card accounts is a good way to build credit. She currently has five cards, but is sometimes forgetful in paying her bills on time and usually has a balance on each card. Her favourite store is offering a $50 coupon on her next purchase, with the promise of more coupons in the future, if she opens a credit card. She decides to open the store credit card to get the discounts.

How would Nora use the decision making steps in this scenario?

Is this a good or bad debt move? Why?

Answers

This is a bad move. You should work on getting a high credit score on one card not multiple.

QUESTION
Bill was discharged from his job. He believes he was wrongfully discharged and is
entitled to compensation for being wrongly let go. Bill's employment contract states
that rather than suing for damages, he and his employer must use an alternate method .
to settle their differences-one in which a third party hears both sides and makes a
binding decision.
Given this scenario, which of the following best describes the alternate method
specified in Bill's employment contract?

Answers

Answer:

Employment dispute resolution.

Explanation:

Based on the given scenario of Bob being fired wrongfully from his job and is entitled to compensation and his contract expressly days that instead of suing for damages, he must involve a third party who would listen to both sides and make a binding decision.

The best description of the alternate method is Employment dispute resolution.

This is how you ask a question cuz uk some peeps dont know :)

Answers

Answer:

Ok

Explanation:

Nice to know.

Answer:

now that's how you ask a question kids

Part A
In the video, what tax cut is President Obama extending?

Answers

maybe the tax cut for the middle class or the payroll tax

Answer: He is announcing an extension of a cut in payroll taxes.

Explanation: edmentum/ plato

2. Marketing, put simply, attempts to do which of the following?
A. Get people to buy things they do not need
B. Make people love spending money
C. Hide any flaw a product or service has
D. Satisfy people’s needs

Answers

Answer:

D. Satisfy people's needs

Hope it helps

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