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vovikov84 [41]
2 years ago
10

Refer to Exhibit 3-17. At a price of $16, the quantity demanded of good X is ____________ than the quantity supplied of good X,

and economists would use this information to predict that the price of good X would soon ______________. This would push the price __________ the equilibrium price.
a. greater; fall; toward
b. greater; rise; toward
c. less; fall; toward
d. less; rise; away from
e. greater; rise; away from
Business
1 answer:
il63 [147K]2 years ago
4 0

The answer is (b) Greater,Rise ,toward

Explanation:

Refer to Exhibit 3-17. At a price of $16, the quantity demanded of good X is  <u>Greater </u>than the quantity supplied of good X, and economists would use this information to predict that the price of good X would soon <u>Rise</u> .This would push the price <u>Toward</u> the equilibrium price

The law of Demand states that the price and the supply of the product are inversely related (i.e . ceteris Paribus).

Also an increase in the number of buyers  of a particular product leads to a shift in the demand curve towards the right side

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Marketers of products such as valentines day chocolates frequently use a ____________ advertising scheduling tactic.
Gennadij [26K]
"Seasonal" advertising scheduling tactic 
8 0
1 year ago
Read 2 more answers
Multi-product branding is:_______.
Elan Coil [88]

Answer:

b. a branding strategy in which a company uses one name for all of its products in a product class.

Explanation:

Multi-product branding is a branding strategy in which a company uses one name for all of its products in a product class.

Multi-product branding is a business strategy widely used by manufacturers, it involves producing and selling multiple products using the same brand name for all.

For instance, Pears may have Pears diapers, clothing lines, lipstick ranges, shoes, body lotions, eye shadow, foundation etc. They are all different products manufactured and all branded as Pears.

The merits and advantages of Multi-product branding is high brand awareness, low promotional and advertising costs, and brand equity return.

8 0
2 years ago
Suppose a mutual fund yielded a return of 14% last year. The risk-free rate was 5% last year and the stock market return was 10%
Makovka662 [10]

Answer:

Beta is 1.8

Explanation:

CAPM or capital asset pricing model is used to compute expected return on stock by establishing relationship between expected returns and systematic risk (also called beta).

Given:

Return on mutual fund = 14%

Risk free rate (Rf) = 5%

Market return (Rm) = 10%

Risk premium = Rm - Rf

                      = 10% - 5%

                      = 5%

CAPM formula:

Returns = Rf + β(Rp)

14% = 5% + β(5%)

β = 9 / 5

β = 1.8

Beta of mutual fund is 1.8

4 0
2 years ago
Barclay Enterprises manufactures and sells three distinct styles of bicycles: the Youth model sells for $440 and has a unit cont
Tanya [424]

Answer:

$21,370

Explanation:

A composite unit is a set of different products grouped together in proportion to their sales mix. The unit is a basis for grouping products from different segments of an entity together with the aim of managing inventory levels, break even points, and sales.

The selling price of the composite unit can be calculated as follows:

||Bicycle model |No. of bicycles |Unit selling price |Total per composite unit

|Youth models| 5                         | 440                     |   2,200

|Adult models|   9                        | 990                     |   8,910

|Recreational models| 6              | 1,140                    |  <u>10,260</u>

                Selling price per composite unit               <u>21,370</u>

4 0
2 years ago
Suppose you are running a carnival. You are selling hamburgers and sodas. A hamburger is $1.75 and a soda is .75. You expect to
Sunny_sXe [5.5K]

Answer:

<em>Hamburgers = 27</em>

<em>Sodas = 93</em>

Explanation:

Let        x = Hamburgers

             y= Sodas

Now form a system of equation aX + bY = C

where

a= 1.75 = coefficient of variable X

b= 0.75 = coefficient of variable Y

C= 117.50

Put these values in above equation

           1.75x + 0.75y = 117.50 . . . . . (1)

Since I sold total of 120 hamburgers and sodas, we can write

            x + y = 120  . . . . . (2)

or          y = 120 - x          ....... put this value in eq.1

           1.75x + 0.75( 120 - x ) = 117.50

           1.75x + 90 - 0.75x = 117.50

            90 + x = 117.50

             x = 117.50 - 90

             x = 27     .......... put this in equation 2

     

          x + y = 120

          27 + y = 120

          y = 120 - 27

           y = 93

3 0
2 years ago
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