Steve should consume more of the item whose price has decreased and less of the item whose price has not changed.
The income effect and the substitution effect both work in the same direction for normal goods; a decrease in the relative price of the good will increase quantity demanded because the good is now cheaper than substitute goods and because the lower price means that consumers have more total purchasing power.
In general, when the price of one good falls, the demand for another rises, and the two goods are referred to as complements.When the price of one good falls, the demand for another falls, and the two goods are referred to as substitutes.
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the design process has four distinct stages, what are they? group of answer choices design, bid, build, operate design, procurement, construction, and design development design, bid, contract award, notice to proceed programming and feasibility, schematic design, design development, and contract documents
The design process has four distinct stages, that is: Programming and Feasibility, Schematic design, Design Development, and Contract Documents.
What is design process?A design process produces a conceptual answer to a problem that is expressed as a set of requirements. Examples comprise:
Responsibility-driven design (RDD)URDADA design process is included in the full software development process offered by ICONIX. Software development approaches like extreme programming and Rational Unified Process can be integrated with pure design methodologies. An implementation process, which offers a tangible solution based on the design, is typically conducted after a design process.
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consider two investment opportunities, investment a and investment b. investment a pays interest at the rate of 18% per year, compounded quarterly. investment b pays interest at the rate of 17.8% per year, compounded monthly. which investment provides the better return?
Both investment A and investment B provide the same return.
To determine which investment provides the better return, we use compound interest. It can be determined as follows;
For investment A:
Stock A effective annual interest rate = [( 1 + stated rate/number of compounding periods)^number of compounding period]
Stock A EAR = [( 1 + 0.18/4 )^4]
Stock A EAR = (1.045)^4
Stock A EAR = 1.193
For investment B:
Stock B effective annual interest rate = [( 1 + stated rate/number of compounding periods)^number of compounding period]
Stock B EAR = [ ( 1 + 0.178/12 )^12 ]
Stock B EAR = 1.193
As both of the options provide the same effective annual interest rate therefore both provide the same return.
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colonial furniture has been in existence since the 1600s and continues to adorn homes today. according to the product life cycle concept, it would be described as a . group of answer choices
According to the product life cycle concept, colonial furniture is Graceful and Refined - With an elegant appearance, Outward Flare - Arms have a slight outward curve, and Cane - Woven rattan.
What is Colonial Furniture?From the mid-1600s until the mid-1700s, American colonists longed for the design style of colonial furniture. The design was inspired by English influences. Colonial design, as opposed to English design, met a demand for simple, light, and multipurpose furniture. The William and Mary and Queen Anne styles coexisted with colonial furniture design. Investigate the evolution and styles of Colonial furniture.
The features of colonial-style furniture:
The seats and backs of the chairs were either cushioned or made of cane. Rush seats were common in ladder-back chairs. William and Mary's chairs have beautiful intricate carvings and twisted legs with stretchers and ball feet.
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the extent to which your personality and values match the climate and culture in an organization is referred to as person- fit. multiple choice question. work organization role industry
The extent to which your personality and values match the climate and culture in an organization is referred to as person-organization fit.
The person-organization (P-O) fit theory measures how well a person's fundamental values, assumptions, moral principles, and sense of purpose line up with those of the company they work for. For instance, a person who values speed and is results-oriented will work best for a company that upholds these principles.One's performance and productivity at work, as well as their personal wellbeing, can all benefit from a good person-organization fit. According to one study, the likelihood that an employee will remain with a company over time is positively correlated with how well their culture fits into the corporation.The results of a pre-hire examination that gauges attitudes and values are a reliable indicator of P-O fit. The outcomes will provide a more unbiased assessment of whether a candidate is likely to fit well with the organizational culture.Thus the correct option is b.
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suppose you invest 70% of your portfolio in coca cola and the remainder in pepsi. the expected dollar return on your coca cola investment is 14.1% and on pepsi is 10.0%. the standard deviation of returns was 21% for coca cola and 17% for pepsi. assume a correlation coefficient of 0.8. calculate the portfolio standard deviation.
The term "standard deviation" (or "") refers to a measurement of the data's dispersion from the mean.
A low standard deviation implies that the data are grouped around the mean, whereas a large standard deviation shows that the data are more dispersed.
Portfolio standard deviation equals (W Pepsi2 Pepsi2) + (W Coca Cola2 Coca Cola2) +2 r r Pepsi r Pepsi r Pepsi r Pepsi r Pepsi
Where, \sW Weight of Coca-Cola = Coca-Cola
Coca-standard Cola's deviation is equal to W Pepsi's weight, and r is the correlation coefficient.
=√(0.7^2 × 21%^2) +(0.3^2 × 17%^2) + 2×0.8 × 0.7 × 0.3 × 21% × 17%
=√216.09+26.01+119.952 \s=√242.1 \s=19.03%
What can you infer from this standard deviation?
The average degree of variability in your data set is represented by the standard deviation. It reveals the average deviation of each score from the mean.
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What happens when a limited partnership fails to substantially comply with all the requirements of the state statute regarding limited partnerships?.
A limited partnership loses its protection regarding the liability limits when it fails to substantially comply with all of the provisions of the state statute governing limited partnerships. They are thereby subject to limitless responsibility.
A limited partnership is what?
A limited partnership is composed of two or more parties, comprising a general partner and at least one limited partner. Up to the extent of their investment, limited partners are exclusively responsible for the partnership's debts.
The general partner usually manages the limited partnership; the limited partner frequently has little knowledge of or involvement in the partnership's activities.
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which case overturned fec regulations that restricted how nonprofits could take in and distribute funds to advance their preferred candidates and policies?
The case overturned fec regulations that restricted how nonprofits could take in and distribute funds to advance their preferred candidates and policies is the Buckley v. Valeo case.
What was the case that overturned fec regulations that restricted how nonprofits could take in ?One of the case case that overturned fec regulations that restricted how nonprofits could take in is that of the Buckley v. Valeo.
It should be noted that this case serve as one of the the landmark case which make the constitutionality of the Federal Election Campaign Act to be concern much about it and made them to react.
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the beginning inventory consisted of 12,000 units, 30 percent complete and the ending inventory consisted of 9,600 units, 40 percent complete. there were 26,400 units started during the period. determine the equivalent units of conversion in process using the weighted average method.
The Equivalent units of conversion in the process will be 32,640 units.
In this question, it is given that the beginning inventory had 12,000 units of which 30% were complete and the ending inventory consisted of 9,600 units which were 40% complete. There were a total of 26,400 units started during that period. We have to determine the equivalent units of conversion in the process.
First, we will calculate the number of Units completed. This can be calculated by:
=> 26400 + 12000 - 9600
=> 28,800 units
Now, we will calculate equivalent units in the ending inventory,
=> 9,600 * 0.40
=> 3,840 units
Now, Equivalent units of conversion in the process will be:
=> 28,800 + 3,840
=> 32,640 units
Hence, the equivalent units of conversion in the process according to the data will be 32,640 units
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dorothy acquired a 100% interest in two passive activities: activity a in january 2017 and activity b in 2018. through 2020, activity a was profitable, but it produced losses of $200,000 in 2021 and $100,000 in 2022. dorothy has passive activity income from activity b of $20,000 in 2021 and $40,000 in 2022. after offsetting passive activity income, how much of the net losses may she deduct?
Net losses to be deducted after offsetting passive activities will be $240000
In 2017 activity A made 100% profit
In 2018 activity B made 100% profit
In 2021 activity A made = $2,00,000 loss
In 2012 activity A made = $1,00,000 loss
Therefore,
Total loss from activity A = $3,00,000
Activity B in 2021 made = $20,000 profit
Activity B in 2022 made = $40,000 profit
Therefore,
Total profit from activity B = $60,000
Offsetting the passive activity by subtracting the passive profit from activity B from the passive loss of Activity A
= Loss from activity A - Profit from activity B
= $3,00,000 - $60,000
= $240000
Net losses to be deducted after offsetting passive activities will be $240000
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what changes could you make in the cookie production process to increase its capacity? to reduce the flow time? would it help to hire a third person? to rent a second oven?
Flow time for a rush order.
The slowest stage of the process determines the cooking capacity. As a result, it is only possible to make 6 dozens of cookies per hour, or 1,2 cookies per minute.
How can we increase capacity based on production?Increase your production capacity by adding shifts, having employees work overtime, or outsourcing some of your production. The capacity utilization rate is a percentage that indicates how much of a company's manufacturing capacity is being used. The lower the cost per unit, the higher the rate.Increase the number of work shifts: A manufacturing company can increase its capacity by extending the amount of time available for manufacturing. Manufacturers can encourage employees to work extra hours by instituting overtime pay. Manufacturers can also use a shift-based operation.To learn more about production capacity refer to :
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in 2009, the u.s. dollar was very weak compared to the euro, the currency used by most of the countries in the european union. who would benefit most from this situation?
In 2009, the u.s. dollar was very weak compared to the euro, the currency used by most of the countries in the European Union. German tourists visiting New York City for two weeks would benefit most from this situation.
Currency is any form of standardized money used or circulated as a medium of exchange, such as banknotes and coins. A more general definition is that a currency is a monetary system that is commonly used over time within a particular environment, especially for people in a nation-state.
Currency can be divided into three monetary systems: paper money, commodity money, and representative currency depending on what guarantees the currency's value (the economy as a whole and the government's physical metal reserves). Some currencies are legal tender in certain jurisdictions or for certain purposes. B. Payments to governments (taxes) or government agencies (fees, fines). Others are traded simply for their economic value.
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identifying markets with unfulfilled needs, segmenting the market, targeting specific segments and positioning one's product or service are the the four basic steps of:
Identifying market's needs, segmenting the market , targeting specific segments etc are the four basic steps of Target marketing plan.
What is targeting specific segment and positioning one's product?Testing specific segment of a market is the close analysis of a part of or corner of market's product may be cause of constant fall rate.Target marketing include and involves four basic steps which are identifying markets with unfulfilled needs .Identifying the market with unfulfilled needs means taking market into consideration to look after it if lacking in some things.And positioning one's product or service is the last step of targeting market plan which all are fulfilled by made market plan strategies.To know more about market strategy visit:
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Which step of the performance management process are heidi and christopher at in the beginning of the video?.
At the beginning of the stated video Heidi and Christopher was at the crucial step that called Review Performance of management .
What is Review Performance ?According to my point of view, Heidi handled the performance review because she gives each individual and the group adequate comments and information about their performance, helps to change behavior toward effective working, and provides statistics for Christopher to reference.
Performance expectations, monitoring, measuring, and assessment are all part of the process- and managerial-based foundation of performance management. Christopher's overall performance as well as that of another team member is being watched by Heidi. Heidi discovered concerns about the general's work on the job, and his work has an impact on how well the corporation does business.
Here, Heidi consistently describes Christopher's and the general's lesser turnover, however general complaints about his behavior were observed. The general's actions have a negative impact on employee engagement and work happiness behavior. monitoring the effectiveness and response at work.
Christopher noticed that each team member was performing very well and contributing to increased profitability, productivity .
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The graph below shows three different normal distributions. 3 normal distributions are shown. All 3 are at different points on the axis. They all have different heights and widths. Which statement must be true? Each distribution has the same mean and the same standard deviation. Each distribution has the same mean and a different standard deviation. Each distribution has a different mean and the same standard deviation. Each distribution has a different mean and a different standard deviation. Mark this and return
Based on the normal distributions given, we can infer that the statement that is true is that Each distribution has a different mean and a different standard deviation.
What is true of normal distributions?Normal distributions can be characterized in different ways which include their mean and standard deviation. The mean of a normal distribution can be found by looking at the point in the middle of the normal distribution curve. As these curve all have different middle points, they therefore all have different means.
The standard deviation is another way to find out the characteristics of a normal distribution. It is found by looking at the spread of the normal distribution curve. We can see that the spreads of these normal distribution curves are all different because the slopes are different which means that the standard deviation is different as well.
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What organizational strategy would be used to write an informative essay about why it is important to wear sunscreen?.
One of the greatest and simplest ways to safeguard the health and beauty of your skin at any age is to wear sunscreen. Regular use of sunscreen aids in avoiding sunburn, skin cancer, and early ageing.
Explain about the Sunscreen?
Sunscreens offer protection from both ultraviolet A and B radiation by reflecting, absorbing, and scattering both types of energy. Sunscreen-containing lotions, creams, and gels can help shield the skin from harm that could cause skin cancer and premature ageing.
One of five crucial strategies for lowering the risk of skin cancer is the usage of sunscreen. Long-term usage of sunscreen was projected to have avoided 14,190 cases of squamous cell carcinoma (a common form of keratinocyte cancer) and more than 1700 occurrences of melanoma in 2010, according to the most thorough study on cancer prevention in Australia.
By absorbing or reflecting UV radiation, sunscreen prevents sunburn and reduces suntan. A quality sunscreen should be used in order to protect the skin. Select sunscreen that provides: broad-spectrum defence.
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should healthy hearts include the extinguishment of debt (i.e.,the notes) in its precombination financial statements or should cool care include it in its postcombination financial statements?
Financial statements are written records that convey the business activities and the financial performance of a company. Government organisations, accounting companies, etc. frequently audit financial statements to guarantee accuracy and for tax, financing, or investing purposes.
What is Financial statements ?Financial statements are official records of a person, business, or other entity's financial situation and actions. An easy-to-understand format is used to provide pertinent financial data in a systematic manner.
Financial statements are intended to give information about an enterprise's financial situation, performance, and changes in financial position that will be helpful to a variety of users in making financial decisions. Financial statements must to be comprehensible, pertinent, trustworthy, and similar. An organization's financial situation is directly correlated with its reported assets, liabilities, equity, income, and expenses.
Financial statements are meant to be understood by those who are willing to study the information carefully and who have a basic understanding of accounting, business, and economics.
Government financial statements may be recorded, measured, and presented according to different rules than those that apply to businesses and even non-profit organisations. They can choose between the two accounting techniques of accrual accounting and cost accounting, or they can combine the two (OCBOA).
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a large energy company produces electricity, natural gas, and oil. the production of a dollar's worth of electricity requires inputs of $0.30 from electricity,$0.10 from natural gas, and $0.20 from oil. production of a dollar 's worth of natural gas requires inputs of$0.30 from electricity, $0.10 from natural gas, and$0.20 from oil. production of a dollar's worth of oil requires inputs of $0.10 from each sector. find the output for each sector that is needed to satisfy a final demand of$25 billion for electricity, $15 billion for natural gas, and$20 billion for
The output required by each sector to meet the final demand for electricity at $25 billion, natural gas at $15 billion, and petroleum at $20 billion
E = 64.05
NG = 52.29
O = 35.15
What is mean by total demand?Total Demand is the total number of Frequency Blocks specified in all valid bids submitted in a Round at Quantity Phase .
With the statement we can create a system of 3X3 equations that would be as follows:
E = electricity
NG = natural gas
O = oil
0.30 * E + 0.10 * NG + 0.20 * O = 25
0.30 * E + 0.10* NG + 0.20 * O = 15
0.1 * E + 0.1 * NG + 0.1 * O = 20
0.65 * E - 0.15 * NG - 0.25 * O = 25
-0.35 * E + 0.85 * NG - 0.2 * O = 15
-0.1 * E - 0.1 * NG + 0.9 * O = 20
Solving this system of equations around here can be very long and impractical, therefore,
E = 64.05
NG = 52.29
O = 35.15
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In the ________ activity of scm, supply chain managers create a responsive and flexible network for receiving defective, returned, or excess products back from their customers, as well as for supporting customers who have problems with delivered products.
In the return activity of SCM, supply chain managers create a responsive and flexible network for receiving defective, returned, or excess products back from their customers, as well as for supporting customers who have problems with delivered products.
The term procurement method refers to a long-term plan to construct strategic relationships with aggressive providers to accumulate the essential goods and services of the satisfactory excellent in a particular value range and feature them delivered on time.
A backward vertical integration strategy entails a company transferring again, or upstream, along the fee chain and coming into a dealer's enterprise. a few companies use this strategy whilst executives are concerned that a supplier has an excessive amount of power over their corporations.
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terry, the owner of river city flooring, is driven by competition. his company sells and installs custom flooring, cabinets, and countertops. river city flooring focuses on customers by delivering quality results on tight deadlines. terry pushes his managers to continually exceed their productivity goals because that is what increases profits. terry feels "there is not enough time for training." however, his employees are regularly rewarded for their success in meeting company goals. river city flooring has a(n) culture.
Based on the fact that Terry who is the owner of river city flooring, is driven by competition and pushes his employees to continually exceed their productivity goals and adequately compensates them, this shows that they have an adhocracy culture
What is an Adhocracy Culture?This refers to the term that is used in business circles to make a description of a company, organization, or corporate entity that has the ability to quickly adapt to changing market conditions.
Hence, we can see that an adhocracy culture means that people within an organization can quickly adapt to Adhoc situations, and the employees at River City Flooring do this well.
With this in mind, the correct answer is adhocracy culture as explained above, because
Therefore, it can be seen that the type of culture which the company had when the manager pushes his employees to continually exceed their productivity goals is an adhocracy culture.
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which of the following explains why long-run average total cost at first decreases as output increases? a. less-efficient use of inputs b. diseconomies of scale c. gains from specialization of inputs d. fixed costs becoming spread out over more units of output
Gains from the specialization of inputs explain why long-run average total cost at first decreases as output increases.
By dividing the overall cost of manufacturing by the total output, the average total cost is determined. In other words, the average cost equals the total fixed and variable costs of the company divided by the total number of units produced.
The typical overall cost is represented by the following equation: Average total cost is equal to the product of total fixed costs and total variable costs.
The average total cost starts out very high since the fixed cost dominates total costs at low output levels and a denominator is a small number. As a result of the fixed expenses being spread out over a larger volume of output, the average total cost decreases.
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a(n) refers to the approach used in an advertisement to elicit some consumer response or to influence the feelings of consumers toward a product, service, or cause.
Advertising appeals refers to the approach used to attract the attention of customers or to influence their feelings towards a brand, product or service.
What is Advertising appeals ?The term "advertising appeals" describes the strategy used to grab consumers' attention or shape their perceptions of a company, a good, or a service. The main message of an advertisement is to appeal to a person's needs, wants, or interests in order to persuade her to do the desired action, which is typically "Buy me."
Advertising is a non-personal type of communication by an identifiable sponsor about a given good, service, cause, or idea. At its foundation, advertising appeal works to grab consumers' attention, successfully sway their emotions, and shift their attitudes in favour of the promoted good or service.
A campaign's advertising appeal is a crucial component. A buyer might not relate to the brand or the product if it lacks attractiveness. When there are numerous rivals, the decision to purchase a good or service becomes much more complicated.
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What is the name of the industry that is capable of manufacturing all sorts of electronics items for different companies like sony, apple, microsoft, and blackberry?.
EMS: Electronic manufacturing services is the name of the industry that is capable of manufacturing all sorts of electronics items for different companies.
What exactly is an electronic manufacturing company?
Electronic manufacturing services image result
Electronics manufacturing services (EMS) are provided by businesses that design, test, build, deliver, or provide aftermarket support for electronic components and assemblies. A steady, specialist hand guiding you through the production process can help your product stand out from the crowd.
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the covenant of quiet enjoyment provides the tenant with group of answer choices a. a promise from the landlord that the premises will be maintained in reasonable condition. b. the right to make alterations to the property without interference from the landlord. c. the right of exclusive possession of the property during the period of the lease.
A covenant of quiet enjoyment gives the lessee, with a group of answers, the right to exclusive possession of the property for the duration of the lease.
In its broadest and most traditional sense, a contract is a solemn undertaking to do or refrain from doing a certain act. A contract was distinguishable from an ordinary contract by the presence of a seal under historic English common law. At common law, the contract would be upheld even in the absence of consideration, because the existence of the seal demonstrated an unusual seriousness in the commitments made therein.
A lease is a legal contract that requires the user to pay the owner for the use of the property. Common assets that are leased include real estate, buildings, and automobiles. Leasing is also done on commercial or industrial equipment. In its simplest form, a lease is a contract between a landlord and a tenant.
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two logistics students, mark and sarah are discussing transportation logistics. mark says that all advance manifests must be submitted at least 24 hours before loading regardless of the mode of transportation. sarah says that fast truck carriers do not need to submit advance manifests. which student - mark or sarah - is correct?
Mark is correct.
FAST truck carriers are required to submit advance manifest information 24 hours before their arrival.
Transportation refers to the movement of goods, while logistics refers to the management of goods' inward and outward transportation from the manufacturer to the end user. These terms are frequently used interchangeably, but they refer to two distinct parts of the supply chain.
Transportation's significance in the logistics process In essence, if there are no modes of transportation, there is no logistical process. However, there is no efficient transportation if there is no planning.
As a result, each stage complements the other, ensuring a high level of performance throughout the activity.
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a cereal manufacturer has different products for children and adults. it applies a different marketing strategy for each of these customer groups. which segmentation base is the company using to divide its market in this case? multiple choice lifestyle demographic psychographic geographic behavioral
Statistics that characterize populations and their traits are known as demographics. The study of a population based on characteristics like age, race, and sex is known as demographic analysis
Explain about the demographic?Businesses use demographics, or the socioeconomic features of a population, to determine the product preferences and purchase patterns of their customers. Companies can create a profile of their consumer base using the characteristics of their target market.
A few examples of demographic data include age, race, ethnicity, gender, marital status, income, education, and employment. Survey questions are an easy and effective way to collect this type of information.
Businesses use demographic data to have a better understanding of the characteristics of the consumers of their products and services. Based on their age, location, gender, employment status, income, and a host of other characteristics, demographics can help you pinpoint the individuals who are most drawn to your brand.
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How is international trade different from global trade?
international trade means a trade that done out side the country you living in even if you export things to your neighbor country it called international trade. for example usa to Mexico
but we use global trade to thing that done out side the continent for example Asia to Europe
if consumption is $800 and saving is $80, then disposable income: group of answer choices is $880 is $800 is $720 cannot be determined from the information given
The disposable income is $880 if consumption is $800 and saving is $80.
Disposable income is a term used to refer to the income that is left after the deduction of taxes and is available to be spent or saved as one wishes.
So disposable income is the sum of income spent and saved. It can be expressed in equation form as;
disposable income = consumption + saving
As the consumption, in this case, is $800 and the saving is $80, the disposable income will be the sum of $800 and $80, therefore;
disposable income = $800 + $80
disposable income = $880
Hence, the disposable income is calculated to be $880 if the consumption is $800 and the saving is $80.
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an analysis of the relationships, travel patterns, and economic links between members of a columbian drug cartel is an example of which type of analys
Criminal Justice Research Analysis
What are Cartels ? How do they work ?
An official agreement between a group of producers of an item or service to control supply in order to control or manipulate pricing gives rise to a cartel, which is an organization. In other terms, a cartel is a group of separate companies or nations acting jointly as if they were a single producer, allowing them to set prices for the goods and services they manufacture and provide without having to face competition.
A cartel is a group of separate companies or organizations that band together to fix prices on goods or services.
Cartels, which compete against one another in the same market, aim to lessen that competition by coordinating price controls.
Among the strategies utilized by cartels include supply reduction, price-fixing.
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exceptionally large harvests of wheat or corn often result in farmers having lower total incomes for that season despite the increased production. economists explain this fact by saying that:
Since the demand for wheat and corn is essentially inelastic, thus, increases in production have a significant negative impact on pricing and farmer income.
What is Demand?
The quantity of a good that consumers are willing and able to buy at different prices during a specific time is known as demand in economics.
Demand is a principle of economics that captures the consumer's desire to buy the product or service. The price that consumers are willing to pay for the good or service is used to determine demand.
What are the types of Demand?
The demand is categorize as:
1. Market demand- The market demand is the demand for a product by all of the customers who purchase that product
2. Individual demand- The individual demand, which is the demand for products and services by a single consumer.
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what is a characteristic of monopolistic competition? firms have equal market power many firms sell identical products firms avoid advertising many firms sell differentiated products g
different firms without changing the costs of products compete with each other
What are monopolistic firms ?
In a market with monopolistic competition, several businesses sell comparable but marginally different goods. This kind of scenario occurs between an openly competitive market and a full monopoly when assessing its levels of competition.
In a market with monopolistic competition, no one business has a complete monopoly over any rivals, and firms have some degree of influence over the pricing they set for their services. As a result, businesses can enter a market rapidly when they believe there is a chance of making money there and exit when they believe there is a smaller chance of doing so. Businesses in these sorts of marketplaces frequently make money in the near term, but making money long term may take more innovation.
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