The opportunity cost is the highest-valued alternative that a person must forego when making a decision.
The opportunity cost of a particular activity in microeconomic theory is the value or benefit given up by engaging in that activity in comparison to engaging in an alternative activity. Simply put, if you choose one activity (for example, an investment), you forfeit the opportunity to do something else. The optimal activity is the one that, net of opportunity costs, provides the highest return when compared to all other activities.
For example, if you buy a car and use it solely for personal transportation, you cannot rent it out, whereas if you rent it out, you cannot use it for personal transportation. If the cost of transportation without a car is greater than the cost of renting a car, the best option is to drive yourself. Opportunity cost can be defined in basic equation form as "Opportunity Cost = (returns on best Forgone Option) - (returns on Chosen Option)."
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if you pay $1,000 for a vacation package this year and the inflation rate is 2%, the same package will likely cost $1,020 next year. if you invest $1,000 today at 5%, you will have $1,050 next year from your investment. what is the real rate of return on your investment? 2% 3% 5% 20% 30%
If you if you pay $1,000 for a vacation package this year and the inflation rate is 2% and you invest $1,000 today at 5% and have $1,050 next year from your investment. The real rate of return on your investment is 3%.
Real rate of return on your investmentFirst step is to calculate the additional purchasing power
Additional purchasing power=$1,050-$1,020
Additional purchasing power=$30
Second step is to calculate the Real rate of return on your investment
Real rate of return on your investment=$30/$1,000
Real rate of return on your investment= 3%
Therefore If you if you pay $1,000 for a vacation package this year and the inflation rate is 2% and you invest $1,000 today at 5% and have $1,050 next year from your investment. The real rate of return on your investment is 3%.
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select the components of a market analysis. multiple select question. the consumption process of potential customers the capabilities of current and future competitors an understanding of injurious consumption the organization's own capabilities the economic, physical, and technological environment
The components of market analysis are:
The consumption process of potential customers
The economic, physical, and technological environment
The organization's own capabilities
The capabilities of current and future competitors
In order to understand where competitors and, by extension, the industry, are moving with their goods and services, competitor analysis entails gathering information about rivals that may be utilized to guide future business plans. This involves comparing the strengths and shortcomings of your own company to those of your rivals in order to develop strategies that will enable you to outperform them. Performing a Market analysis is a great method to identify your organization's strengths and areas where it can benefit from additional support and resources.
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If the price of cocoa rises by 10 nd the elasticity of supply is 0.5, then the quantity supplied?
If the price of cocoa rises by 10, then quantity supplied would rise by 5.
What is the change in quantity supplied?The price elasticity of supply measures how quantity supplied changes when there is a change in the price of the good. There is a positive relationship between price and the quantity supplied.
When supply is elastic, it means that when there is a change in price, the quantity supplied changes by more than the change in price. When supply is inelastic, it means that when there is a change in price, the quantity supplied changes by less the change in price.
The price elasticity of supply = percentage change in the quantity supplied / percentage change in price
Percentage change in quantity supplied = price elasticity x percentage change in price
0.5 x 10 = 5
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a city uses a water tower to store water for times of high demand. when demand is light, water is pumped into the tower. when demand is heavy, water can flow from the tower without overwhelming the pumps.
A metropolis makes use of a water tower to keep water for times of excessive demand. whilst the call for is light, water is pumped into the tower. whilst the call for is heavy, water can waft from the tower without overwhelming the pumps: gauge strain = P - Pa = rho gh
height h= (P - Pa )/rho g = 350000/(one thousand*9.8) = 35.7 meters
Demand can be defined as the quantity of a commodity that a consumer is in a position and inclined to buy, at every feasible price, over a given time period. crucial elements of the call for are amount, capability, willingness, expenses, and period of time.
In economics, demand is the amount of amazing that customers are willing and able to purchase at diverse prices all through a given time. the relationship between rate and quantity called for is likewise called the demand curve. For example, if a purchaser is hungry and buys a slice of pizza, the primary slice will have the best advantage or software. With every extra slice, the client turns into greater glad, and software declines. In concept, the first slice would possibly fetch a better rate from the consumer.
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organizing involves . answer unselected monitoring, comparing, and correcting work performance sure i am sure arranging and structuring work to accomplish the organization’s goals unselected setting goals, establishing strategies for achieving those goals, and developing plans to integrate and coordinate activities unselected working with and through people to accomplish organization goals
Organizational goals are strategic objectives that the management of a company sets to describe anticipated results and direct employees' efforts.
How does the organization work?Following the planning, organizing is a management activity that entails task assignment, task grouping into departments, authority assignment with appropriate accountability, and resource allocation across the organization to achieve shared objectives. Creating a division of labor is the essence of organizing. The managers assign tasks to specific people and groups of people. They then coordinate these people's and groups' actions to achieve the optimal result. The management function of organizing entails creating an organizational structure and assigning human resources to guarantee the achievement of goals. The framework for coordinating efforts is the organizational structure. For instance, setting up accounts, making sales, maintaining records, monitoring quality, managing inventories, etc. All of these tasks must be organized into groups and classes.To learn more about organizing, refer to:
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When you are 22 years old, you start working at a new job earning $37,000 per year. If you earn a 2% raise each year, how much will you earn the year that you are 62 years old?
You will earn $81,697.46 the year that you will be 62 years old.
We will use the amount formula while using the concept of compound interest.
We have the formula for amount,
A= P(1+R/100)^n
We have,
p= $37,000
r= 2%
n= 62-22=40
So, earning when you are 62 years old is= $37,000 (1+2/100)^40
= $81,697.46
Since salary is compounded each year on the last year salary, so we use the formula of amount in case of compound interest to calculate our salary at the end of some years.
Simple interest is calculated on the principal, or original, amount of a loan. Compound interest is calculated on the principal amount and the accumulated interest of previous periods, and thus can be regarded as “interest on interest.”
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What are the effects on the accounting equation when an adjusting entry is made for goods or services provided during the accounting period related to an amount previously received in advance from a customer?.
The effects on the accounting equation when an adjusting entry is made for goods or services provided during the accounting period related to an amount previously received in advance from a customer is: Total liabilities will decrease and total stockholders' equity will increase.
Effects on the accounting equationWhen goods or services that provided during the accounting period are related to an amount that was previously received in advance from a customer this tend to mean that their will be a decrease in total liabilities while the stockholders' equity will tend to increase.
Stockholders' equity=Assets- Liabilities
Hence, Effect on accounting equation:
Total liabilities (decrease)
Total stockholders' equity (increase)
Therefore the effects on the accounting equation is Total liabilities will decrease and total stockholders' equity will increase.
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You are a real estate agent thinking of placing a sign advertising your services at a local bus stop. The sign will cost and will be posted for one year. You expect that it will generate additional revenue of a month. What is the payback period?.
The payback period is calculated by using x/y.
The real estate agent will be advertising services at local bus stop. This will also have some cost amount, let us say amount “x”.This sign is supposed to be posted for an year.Here, we need to find the payback period when we expect that it will generate additional revenue in a month.
Let us suppose that revenue will be amounting “y”.To find the payback period we simply solve it by :
diving the cost amount by revenue amount.Here, we can put the values and get to know the payback period.
Hence, to find the payback period we will apply x/y.
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The principle that irrelevant detail should not be included in a model is known as.
The principle that irrelevant detail should not be included in a model is known as: Ockham's razor.
Ockham's razorOckham's razor theory is the theory that stated that only relevant details or important details that will be of benefit should be included in a model.
This in turn means that irrelevant information or details should be excluded in a model or theory.
Therefore the principle that irrelevant detail should not be included in a model is known as: Ockham's razor.
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What+is+the+current+value+of+a+$1,000+bond+with+a+7%+annual+coupon+rate+(paid+semi-annually)+that+matures+in+7+years+if+the+appropriate+stated+annual+discount+rate+is+11%
The current value is $808.21 if the annual discount rate is 7%.
The annual discount rate expresses the amount of interest paid or earned as a percentage of the stability at the cease of the yearly duration. it's miles related to but barely smaller than the powerful fee of interest, which expresses the quantity of interest as a percent of the balance at the beginning of the period.
Face Value of Bond = $1,000
Annual Coupon Rate = 7.00%
Semiannual Coupon Rate = 3.50%
Semiannual Coupon = 3.50% * $1,000
Semiannual Coupon = $35
Time to Maturity = 7 years
Semiannual Period = 14
Annual Interest Rate = 11.00%
Semiannual Interest Rate = 5.50%
Current Price = $35 * PVIFA(5.50%, 14) + $1,000 * PVIF(5.50%, 14)
Current Price = $35 * (1 - (1/1.055)^14) / 0.055 + $1,000 / 1.055^14
Current Price = $35 * 9.58965 + $1,000 * 0.47257
Current Price = $808.21
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Which is the best example of economies of scale? select one:
a. a parking garage
b. the pizza business
c. a small family farm
d. the generation of electricity
The best example of economies of scale is the local power company.
After installing Qualified Infrastructure, current customers of a Local Power Company or TVA are responsible for working with them to coordinate any adjustments to any existing transmission or distribution facilities and for compensating them, as necessary, for any costs incurred.
What is local power company?
Each Qualified Producer will be required to enter into a contract with TVA (through TVA's TOPS) and the applicable Local Power Company system (or other electric system) for the parallel operation of their production facilities with the TVA transmission system and directly connected to it.The electrical work must be completed in compliance with all the specifications of the most recent edition of the Philippine Electrical Code, as well as the requirements of the local power company and the rules and ordinance of the Baguio City enforcement authorities.Deliveries of electric energy by Local Power Company to Qualified Producer must be made under separate agreements from this Agreement, must be metered and accounted for separately from the deliveries of electric energy made by Qualified Producer to TVA under this Agreement, and must otherwise be provided in accordance with the rates, laws, and service policies that apply to such service provided by Local Power Company to Qualified Producer.To learn more about local power company visit:https://brainly.com/question/28436260
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when workers are asked to participate in a research study, vulnerabilities related to the subject's employment may include: employees may experience pressure from management to participate in the study because the employer perceives the study to be advantageous to the
When workers are asked to participate in a research study, vulnerabilities related to the subject's employment may include situations where the employees may experience pressure from management to participate in the study.
When a research is conducted and so workers are asked to participate in a research study, vulnerabilities related to the subject's employment may include situations where, the employer may encourage or deny participation of workers.
This can also include situations where employees experience pressure from the management in order to participate in the study to be advantageous to the organization.
Hence, the research study's finding can also affect an employee's pay, benefits or promotion potential.
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question 1 with 1 blank 1 of 1 eddepnieent: a sales person. question 2 with 1 blank 1 of 1 regatear rrgteeaa: to negotiate the pric
Dependiente , Regatear are the two factors that effect or lead to the price negotiation by a sales person .
What is Price Negotiation ?
It may appear that the buyer has only two options in a price negotiation or other distributive (single-issue) negotiation: accept the price or lose the transaction. However, losing the sale is a problem for sellers as well. The obvious BATNA (best alternative to a negotiated agreement) in both situations is to back out of the agreement.
But there's nearly always opportunity for negotiation. BATNA also aids in determining your reservation price, which is the highest price you are prepared to accept during the present discussion.
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A project has an initial cost of $26,000, a discount rate of 11.7 percent, a life of 5 years, and an npv of $11,216. given this, you know that the project is expected to earn a return:_________
A challenge has an initial cost of $26,000, a discount price of eleven.7 percent, the existence of 5 years, and an NPV of $11,216. given this, you already know that the task is expected to earn a go back: $ 10247.46
Consider NPV = $11216
PV of cash inflow = NPV of cash outflow = 26000$
11216$ = $37216
Cash flow = Cash inflow PV / PVAF(r%, n) = $37,216/PVAF (11.7%, 5) = $37216/3.6317 = $10247.46
internet present value (NPV) is used to calculate the current cost of a future flow of bills from an employer, task, or funding. To calculate NPV, you want to estimate the timing and quantity of destiny cash flows and select a discount fee equal to the minimum applicable charge of going back.
The internet present value or net gift well-worth applies to a chain of coin flows occurring in one-of-a-kind instances. the prevailing value of a cash glide relies upon the c program language period of time between now and the cash float. It additionally depends on the cut price price. NPV accounts for the time cost of money.
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suppose the cross-price elasticity of demand for butter and margarine is equal to 0.96 while the cross-price elasticity of demand for water and lemon is –0.13. this means that butter and margarine are while water and lemon are . a inelastic goods; elastic goods b substitutes; complements c elastic goods; complements d complements; substitutes e luxury goods; necessity goods
The accurate solution is: c) substitutes; complements
what is move fee elasticity?
Cross fee elasticity may be understood as a extrade in the amount demanded of the product because of a extrade in fee. A effective fee of the move-fee elasticity corresponds to the truth that merchandise are substitutes, because the call for of replacement will increase due to boom withinside the fee of replacement. While a terrible fee corresponds to the complementary goods.
The move elasticity of call for is an financial idea that measures the responsiveness in the amount demanded of right while the fee for some other right changes. Also known as move-fee elasticity of call for, this dimension is calculated through taking the share extrade in the amount demanded of right and dividing it through the share extrade withinside the fee of the alternative right.
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If net fixed assets increased by $28,000 during the year, what was the addition to nwc?
Net capital is the net of total current assets of an entity with its total current liabilities. once we want to assess the liquidity problems in the company, networking capital is one among the most important items to be included.
Sometimes we use this ratio to assess how efficiently the corporate uses its current assets. Two main important items involved networking capital calculation are current liabilities and current assets.
If current assets are above current liabilities, that mean the corporate may have enough fund to support its liabilities and operation costs.
And if, current assets are smaller than current liabilities, then entity might face liquidity problems soon.
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Lucas wants to buy a new car. Before he makes a final purchase, he decides to do a full web-based information search. He also talks with his family and friends to gain even more knowledge. What type of decision-making is this an example of?.
Lucas wants to buy a new car. Before he makes a final purchase, he decides to do a full web-based information search. He also talks with his family and friends to gain even more knowledge. The type of decision-making he is using is extended problem-solving.
The extended decision-making is that type of decision-making in which a person needs several affirmations before buying a product or service. They consider asking multiple people and taking advices from multiple sources to make the best decision.
This sometime sound as a very helpful method but not always work out as it takes time, so the offer may run out of stock as they make their way using this method.
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oday’s managers are moving from a controller role to an enabler role. their goal is to provide support and learning opportunities, coach, and guide their employees. andy and scott discuss their approach at barcelona as one that is empowering. "this is your restaurant," andy tells new managers. scott says, "i think you’re limiting your ability to get better," when you tell managers what to do.
Remove an item from an unhappy customer's bill,Change menu prices on seafood dishes due to increased market prices,Seek approval from Scott to run an advertisement in a local newspaper announcing new, extended hours for your location,Hire an additional bartender to meet the demand of increased "happy hour" business
Since ancient times, the phrases "happy hour" and "hour" have been used to describe enjoyable periods. Shakespeare's King Henry V quotes him as saying, "Therefore, my lords, omit no cheerful hour/That may assist our adventure" in act I, scene 2. However, it is more modern to use the term "happy hour" to describe a set time for amusement.The United States Navy is one potential source for the term "happy hour," which refers to a set time for amusement. On board the USS Arkansas, "semi-weekly smokes" were organized by a group of housewives known as the "Happy Hour Social" in the beginning of 1913. The term "happy hours," "happy hour club," or "happy hour social club,"
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Andy would like to withdraw an annual salary of $45,000 from an account paying 3.1% compounded annually for 25 years once she retires. given this information, determine the amount needed in her account in order for her to reach her goal. round to the nearest cent. a. $9,386,168.48 b. $14,516.13 c. $798,954.46 d. $774,931.58
The amount she needs in her account to attain her objective. It is: d, rounded to the closest cent. $774,931. 58.
Using this equation
PVA stands for Principal [(1-rate)time/rate].
Let's enter the formula.
PVA=45000[(1-(1+0.031)^(-25))/0.031]
PVA=45000[(1-(1.031)^-25)/0.031]
PVA=45,000(1-04661582427091)/0.031
PVA=45000(0.533841757290/0.031)
PVA=45000(17.22070184809)
PVA=$774,931.58
The sum required in her account for her to achieve her objective. It is: d, rounded to the closest cent. $774,931. 58.
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Answer:D) $774,931. 58.
Explanation:edge
The u.s. congress has given the securities and exchange commission the power to promulgate accounting standards for all publicly traded firms. true false
U.S. Congress has given the Securities Exchange Commission the power to promulgate accounting standards. True.
What is Securities Exchange Commission?The Securities and Exchange Commission, sometimes known as SEC, is located in Washington, DC, and regulates the different stock exchanges in the US. Beginning in April 2021, Gary Gensler will serve as chairman. Similarities between the Dutch Authority for the Financial Markets (AFM) and the Belgian Authority for Financial Services and Markets can be observed (FSMA).
The SEC was established on June 6, 1934, in the midst of the Great Depression, by American President Franklin D. Roosevelt as a separate regulatory body. The SEC has been granted the jurisdiction to regulate stock exchanges. Founder John F. Kennedy's father James M. Landis, Ferdinand Pecora, and Joseph P. Kennedy Sr. were selected by President Franklin D. Roosevelt to serve as the first chairman of the
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Based on research evidence, top-down management and rules-based management styles suggest that:______.
Top-down management and rules-based management styles suggest that due process and committee cycles govern change.
Top-down management occurs when your company's senior leaders decide on goals, projects, and tasks independently of their teams. These objectives, projects, and tasks are then shared with the rest of the organization.
The top-down management is preferred by many teams because it eliminates confusion, reduces risk, and keeps initiatives organized across larger teams. Top-down management, on the other hand, is not for everyone. It can stifle creativity and slow problem-solving, so it might not be the best choice for teams that need more flexibility and responsiveness.
The concept of rule-based management is the control of the security of communications and IT events via rule- or filter-driven systems. Firewalls, proxies, routers, IDS, IPS, antivirus, and other rule-based security management systems are examples. Each of these systems is governed by a set of rules. Each rule expressly allows or denies. If no rule matches an event or packet, it should be denied by default.
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What are the effects on the accounting equation when an adjusting entry is made for goods or services provided during the accounting period related to an amount previously received in advance from a customer?.
Total liabilities will decrease and total stockholders' equity will increase are the the effects on the accounting equation when an adjusting entry is made for goods or services provided during the accounting period related to an amount previously received in advance from a customer
The accounting equation is crucial to the use of double entry bookkeeping, where every transaction has a dual impact on the financial accounts, and it depicts the relationship between the assets, liabilities, and capital of a corporation. The accounting equation can be simply answered as assets - Liabilities equal capital.
The remaining interest in a company's assets after all liabilities have been paid off is known as capital (ie what would be left if the business sold all of its assets and settled all of its liabilities). Capital would be referred to as "Equity" in the context of a limited liability business.
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What method is used to account for an equity investment in voting stock when the investor lacks significant influence?
Typically the “cost method” is used in the cases when an investor has little information in holding the significant influence or when an investor does not fully exercise the influence or control over the investee.
So, in accounting, the cost method is used in cases where there is a need of recording sure and convinced investments in a company's financial statements.
The stock is represented as a non-current asset on a balance sheet using the cost method, at the historical purchase price, and is not changed unless shares are sold or more shares are bought already.
Every dividend that is received is reported as income and is subject to taxation as such.
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you own a small manufacturing business that produces widgets. you have spent $150,000 acquiring the fixed assets you need to produce widgets. each widget costs you $2 to make and they sell for $15 each, so your variable cost is 13.3% of the overall revenue.
To break even at the current operating leverage, 11,539 widgets must be sold.
Thus, 11,539 is correct.
What do you mean by operating leverage?Operational leverage, a cost-accounting technique, evaluates how much a business or project may increase operating profitability by increasing revenue. Businesses with high operating leverage generate revenues with low variable costs and large gross margins.
In order to find the appropriate price at which to turn a profit and cover your expenses, you must complete the operational leverage calculation. Additionally, it can help you understand how effectively your business can generate profits by utilizing fixed-cost assets like equipment or warehouses.
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The complete Question is:
You own a small manufacturing business that produces widgets. You have spent $150,000 acquiring the fixed assets you need to produce widgets. Each widget costs you $2 to make and they sell for $15 each, so your variable cost is 13.3% of the overall revenue.
At your current level of operating leverage, how many widgets must you sell to break even?
When a company freezes hiring and tightens expenses due to decreased demand for its products or services, it is involved in a(n) ________ strategy. multiple choice question.
When a company freezes hiring and tightens expenses due to decreased demand for its products or services, it is involved in a(n) defensive strategy.
This is further explained below.
What is a defensive strategy. ?Generally, The term "defensive strategy" refers to a kind of marketing technique that assists businesses in retaining prized clients in the face of potential poaching by other businesses.
Other businesses that are either situated in the same market category as one's own or that sell comparable goods to the same demographic of customers are considered to be one's "competitors."
In conclusion, A corporation is engaging in a defensive strategy when, as a result of falling consumer demand for its goods or services, it puts a halt to new employee recruiting and reduces its overall spending.
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project managers and others who bring people together from various parts of the organization to perform a task are in this layer of management.
project managers and others who bring together people from various parts of the organization to accomplish a task are middle managers.
What is middle management?Corresponds to the set of managers responsible for managing teams, that is, they are responsible for effectively supervising the teams of a project, thus fulfilling the goals and objectives stipulated by the executive managers.
Therefore, middle managers are essential for a project to be effective in terms of quality, meeting schedule, utilization of resources, and team integration.
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Linear programming, waiting line, simulation, and pert/cpm are all elements of which era of operations and supply chain management?
Answer is operation research. operations lookup (OR) Operations lookup (OR) is an analytical method of problem-solving and decision-making that is beneficial in the administration of organizations.
In operations research, issues are broken down into basic factors and then solved in described steps through mathematical analysis.
What difficulty is operations research?Operations Research, also known as Decision Science or Operations Analysis, is the find out about of making use of mathematics to business questions. As a sub-field of Applied Mathematics, it has a very interesting position alongside different fields as Data Science and Machine Learning.
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https://brainly.com/question/27419028#SPJ4Would a decrease in the price of a complementary good cause its complement’s equilibrium price to increase or decrease? what about the equilibrium quantity?.
Due to the increase in demand of commodity Y, there will be excess demand. The equilibrium price and quantity would tend to increase.
A rise in supply, all other things unchanged, will cause the equilibrium price to fall; quantity demanded will increase. An increase in demand and a decrease in supply will cause a rise in equilibrium price, but the effect on equilibrium quantity can't be determined.
Goods are complementary if a price decrease in one good causes the demand for the opposite to extend. This can be because the 2 goods are typically consumed during a bundle. During this case, the availability of 1 good is increasing which implies its price will decrease.
An increase within the price of a complementary product will cause a fall within the quantity demanded of that product (shift along the demand curve) and a fall in demand for the complements (shift of the demand curve to the left) whose prices haven't changed.
When two goods are complements in consumption, then a rise within the price of 1 of the products will equilibrium decrease the Demand (shift left) for the opposite good and therefore the reverse for a decrease within the price of the primary good. This happens because the 2 goods are consumed together.
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The originator of the idea of the invisible hand, which is a fundamental concept in free market capitalism, was?
Invisible hand, metaphor, introduced through the 18th-century Scottish truth seeker and economist Adam Smith.
That characterizes the mechanisms through which really helpful social and economic results might also arise from the collected self-interested movements of individuals, none of whom intends to deliver about such outcomes.
What Does Free Market Capitalism Mean?Any economic system is capitalist as lengthy as personal folks manage the elements of production. A merely capitalist financial system is additionally a free market economy, that means the regulation of supply and demand, as an alternative than a central government, regulates production, labor, and the marketplace.
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The most likely cause of a father and son having almost identical-sounding voices is: inherited characteristics.
What is a trait?A trait can be defined as a distinguishing quality (characteristic) of a living organism. This ultimately implies that, a trait refers to the specific features and characteristics that are possessed by a living organism.
According to Genetics, traits are essentially divided into two (2) and these include the following:
Dominant traits.Recessive traits.What is an inherited characteristic?An inherited characteristic can be defined as single attribute of a living organism such as a plant or an animal, which is encoded in deoxyribonucleic acid (DNA) and genetically transmitted from parent (father) to offspring (son) during reproduction, in accordance with genetic principles.
Additionally, some examples of an inherited characteristic include the following:
Hair colorSkin toneSize of toesEye colorVoiceIn this context, we can reasonably infer and logically deduce that the most likely cause of a father and son having almost identical-sounding voices is: inherited characteristics.
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Complete Question:
Which of these is most likely the cause of a father and son having almost identical-sounding voices?
O learned behaviors
O environmental conditions
O inherited characteristics
O instinctive characteristics