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2 years ago

Demand curves intersect the quantity axis due to and intersect the price axis due to .

Business

1 answer:

igor_vitrenko [27]2 years ago

6 0

Answer:

time limitations in limited marginal utility; limited income and wealth

Explanation:

Demand curves intersect the quantity axis due to time limitations in limited marginal utility, which explains the second law of demand – the lower the price, the higher the quantity demanded. While it intersects the price axis due to limited income and wealth, which also explains the second law of demand – the higher the price, the lower the quantity demanded.

The marginal utility of a consumer is limited, because, the more of the goods consumed, the amount of satisfaction derived decreases. Hence, the demand curve intersects the quantity axis, indicating the point when the consumer derives no more satisfaction from the consumption of that good.

On the other hand, as a result of limited income of the consumer, it would come to a point when the consumer will not be able to purchase any quantity of the goods as the price increases. The point at which the demand curve intersects the price axis, indicates he point where the consumer income cannot purchase any quantity of the goods.

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The owners of have it your way hot dogs have decided to place an advertisement in the local minor league baseball team's program

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The element of marketing mix that this scenario presents is the promotion. It is because promotion is making use of media or advertisements in means of having to make your business or market to be known of to the public in which the owners of ‘Have it your way hotdog’ engages to as they made use of advertisement in the program of the league basketball team.

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1 year ago

Normand Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the

QveST [7]

Answer:

total equivalent units for materials = 6,310

Explanation:

700 units in beginning work in process:

materials: 70% complete, $8,700, completed 490 equivalent units, not completed 210 units
conversion: 10% complete, $3,700

units started in to production 6,400

units transferred out 5,600

ending work in process 1,500

materials: 80% complete, completed 1,200 equivalent units for materials
conversion: 25% complete

materials added $92,200

conversion costs added $269,600

equivalent units for materials:

beginning WIP equivalent units to be completed = 210
units started and completed = 5,600 - 700 = 4,900
ending WIP = 1,200 equivalent units
total equivalent units for materials = 6,310

4 0

2 years ago

Jack is considering adding toys to his general store. He estimates the cost of toy inventory will be $4,200. The remodeling and

Nata [24]

Answer:

No. The payback period is 3.8 years

Explanation:

The payback period measures how long it takes for the amount invested in a project to be recovered from the cumulative cash flows.

The amount invested = $4,200 + $1,500 = $5,700

Please check the attached image for an explanation on how the payback period was calculated.

Pay back period = 3 years + 1400/1750 = 3.8 years.

3.8 years is greater than the required 3 years Payback period. Therefore, Jack shouldn't accept the project.

I hope my answer helps you

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2 years ago

Elliot and Conrad (a two-member LLC) operated a consulting firm (a "specified services" business). The business is equally owned

juin [17]

Answer:

Elliot's qualified business income deduction is $28,000.

Explanation:

total income

= share in specified service business income + wages of wife

= 280000*50% + $90000

= $230,000

taxable income before QBI = total income - standard deduction

= $230,000 - $24,000

= $206,000

QBI deduction is lesser of:

- 20% of qualified business income

= $140,000*20%

= $28,000

Therefore, Elliot's qualified business income deduction is $28,000.

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2 years ago

________ allows multiple users to use the same computing devices, but determines the individual's privileges based on previously

jarptica [38.1K]

Answer: Access control.

Explanation:

Access control are restrictions set beforehand to limit users of a

computer network access to certain websites or files in a computer system. Access control is normally set for the sake of increased security of a computer network users and organizations, it can be in the form of: pins, biometric scans and some other forms of user verification.

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2 years ago

Demand curves intersect the quantity axis due to​ ________ and intersect the price axis due to​ ________.

Demand curves intersect the quantity axis due to and intersect the price axis due to .