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2 years ago

The table contains information on the price per month and the monthly demand and supply of online music streaming subscriptions.

Business

1 answer:

Ahat [919]2 years ago

3 0

Answer:

200,000

320,000

$ 10.40

Explanation:

The answers can be found on the table. To determine the quantity demanded at $10.80, look at the table and locate $10.80. On that row,trace to the quantity demanded.

To determine the quantity supplied at $10.80, look at the table and locate $10.80. On that row,trace to the quantity supplied.

To determine prife at which quantity supplied is 220,000. Locate 220,000 on the table and trace it to the price.

I hope my answer helps you

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Suppose the government, in an effort to avoid an increase in the deficit, votes for a budget neutral tax cut policy. Assume the

mafiozo [28]

PART A:

The government has voted for budget neutral tax cut policy in order to avoid the enhancement in the deficit. Thereby, government spending will be reduced by an amount of $8 billion.

PART B:

The calculation for fall in GDP is as follows:

$\text { Change in } G D P=\frac{-M P C}{1-M P C}$

Multiply with change in government expenditure,

$\Rightarrow\frac{1}{1-0.85} \rightarrow \text { multiply with }(-8)=-53.33 \text { billion }$

Thus, if the government expense is reduced by $8 billion then fall in GDP is by $53.33 billion

EFFECT ON GDP DUE TO REDUCTION OF TAX:

$\text { Change in taxes }=\frac{-M P C}{1-M P C}$

Multiply with change in tax,

$\Rightarrow \frac{-0.85}{1-0.85} \rightarrow \text { multiply with }(-8)=45.33 \text { million }$

Thus, when the taxes are reduced by $8 billion, then GDP shows an increase by $45.33 billion.

Therefore, change in equilibrium level of real GDP = -$8 billion ( -53.33 billion + 45.33 billion).

7 0

2 years ago

Regional Products, Inc. agrees to sell to Quantity Dealers Corporation a certain amount of goods. The contract does not specify

Rashid [163]

Answer:

Regional Products

Explanation:

According to the UCC where place of delivery is not specified in a transaction, the place of delivery of the goods will be at the seller's place of business.

This will help with inspection, where the buyer has an opportunity to inspect the goods and either accept or reject before transportation cost is incurred.

6 0

2 years ago

The city bus system charges lower fares to senior citizens than to other passengers. Assuming that this pricing strategy increas

Gnom [1K]

The city bus system charges lower fares to senior citizens than to other passengers. Assuming that this pricing strategy increases the profits of the bus system, we can conclude that senior citizens must have a(n) More elastic Demand for bus service than other passengers.

Explanation:

Elasticity of demand defines relationship between the change in price and the purchases made by the consumer .

In case with the increase or decrease of the price the purchasing habit of the consumer remains the same then we say that the good has inelastic demand .

In case the consumer changes its purchasing habits with the change in price of the product or service then we say that the good /service has elastic demand.

In the question we can see that the bus service provider have changed the price of the tickets(reduce the price of the ticket) for senior citizens ,so we can say that the with the change in the price of the tickets the demand for the tickets by senior citizen must have increased .Hence it is a example of Elastic demand.

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2 years ago

Kamal, after completing his studies wanted to start his own business. However, his father Mr.Kishanlal discouraged him saying th

Maksim231197 [3]

Answer:

No, Kamal's father, Mr.Kishanlal is not justified in his point of view because although it is true that money is needed to start a new business but money is not that much necessary as many other things. To start a new business and make it a success, passion, new idea and determination is much needed. If you are passionate to start something new and provide people value then it will be very easy to become successful. You should have a new idea to start a business. You should provide people with ease with the help of your new idea and new product or service. People will definitely but your products and services if it is something of value. You should have an urge to be determinant. There are many entrepreneurs, who have not much money when they started a business, but with their passion and handwork they became successful i,e, Jeff Bozos, Bill Gates, Steve Jobs etc.

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2 years ago

Totz Company produces jump ropes. Totz Company has the following sales projections for the upcoming year:First quarter budgeted

LenKa [72]

Answer:

Production budget for First quarter= 16,500 units

Explanation:

The production budgeted for a particular period is the expected units to be produced after adjusting the sales budget figures for opening and closing inventories.

Production = Sales volume + closing inventory - opening inventory

Closing inventory = 20% × second quarter sales

= 20% × 20,000 = 4,000 units

Production budget for the first quarter

=17,000 + 4000 -4500

= 16,500 units

8 0

2 years ago