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yanalaym [24]
2 years ago
4

Andrew, a college student, loves drinking coffee late at night to study for exams. Having no income, he is used to buying cheap,

bad-tasting coffee, such as beanlightened, that he needs to grind and brew himself. The coffee tastes putrid but, with enough cream and sugar, andrew is able to tolerate it. Occasionally, he does go out to starbucks when he has spare money. After graduation, andrew gets a job working at a database firm as a programmer. His income is now a healthy $75,000 a year, and he decides he has had enough bad-tasting coffee. He ends up buying coffee daily from starbucks, even though it costs significantly more than beanlightened. Andrew's demand for starbucks coffee changed as a result of a change in income. A change in technology. A change in expectations. A change in a related good or service. A change in the number of consumers. Beanlightened coffee is for andrew a(n) in economic terms, starbucks coffee is for andrew a(n)
Business
1 answer:
melamori03 [73]2 years ago
4 0

Answer: Change in income, inferior good, normal good

Explanation: Andrew consumed bean-lightened coffee when he had no income. But when he got the job paying him $75,000 a year he shifted his demand to consuming Starbucks even though it costed more than bean-lightened. This change in demand is solely due to a rise in income.

When demand for a good decreases with an increase in income, they are termed as inferior goods. In this case, Bean-lightened coffee is an inferior good for Andrew since he consumed more at Starbucks when his income increases. Starbucks is therefore a normal good for Andrew since an increase in income leads to an increase in quantity demanded at Starbucks.

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Rick took his family to a major league baseball game. he gave his son $100 to buy food and drinks for the group. hot dogs cost $
Alchen [17]
Rick gave his son $100 to buy food and drinks. His son returned with $25.50 in change. Therefore the amount spent was
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Let
x = number of hot dogs bought (at $3.50 per hot dog).
y = number of milk shakes bought (at $8 per milk shake).
There were 8 orders of soda at $5 per soda.

The total order is $74.50, therefore
3.50x + 8y + 8*5 = 74.50
Simplify to obtain
8y = 74.5 - 3.5x
  y = 4.3125 - 0.4375x

We must have whole numbers (integers) for x and y.
Create a table that varies x from 0 to 8, and look for y to be an integer, as shown below.

  x       y
---  -------
 0   4.3125
 1    3.8750
 2   3.4375
 3   3
 4   2.5625
 5   2.1250
 6   1.6875
 7    1.2500
 8    0.8125

Because we cannot have fractional values for either x or y, the solution is x=3, y=3

Answer:
3 hot dogs, 3 milk shakes, and 8 sodas.
5 0
2 years ago
Which of the following is true of entrepreneurial organizational structures? Choose all that apply.
iragen [17]

Answers are: 
<span>They are flat
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In an entrepreneurial business structure, the owner-manager makes almost all decisions and performs various roles within the company. He interacts directly with the few employees he has, often performing roles that would be "beneath" the CEO of a larger company. This is called a flat organizational structure.
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The GDP deflator for this year is calculated by dividing the using by the using and multiplying by 100. However, the CPI reflect
inysia [295]

Hello. You forgot to provide the answer options. The options are:

"A) value of all goods and services produced in the economy this year  B) This years prices  C) value of all foods and services produced in the economy this year  D) the base year's prices  E) bought by consumers"

Answer:

The GDP deflator for this year is calculated by dividing the  value of all goods and services produced in the economy this year using this years prices by the value of all foods and services produced in the economy this year using the base year's prices and multiplying by 100. However, the CPI reflects only the prices of all goods and services bought by consumers.

Explanation:

GDP deflator is an economic term that means "implicit price deflator". This term is defined as the price measure for any and all goods and services produced within the country, in the year in question. GDP, in turn, is directly related to this, since it represents the monetary value that each of these goods and services produced during that same year.

The GDP deflator is directly related to the CPI, which is another economic term intended to represent the consumer price index. Through the CPI, the GDP deflator is able to measure the inflation or deflation that occurred in the national economic sector for a given year.

The GDP deflator for this year is calculated by dividing the  value of all goods and services produced in the economy this year using this years prices by the value of all foods and services produced in the economy this year using the base year's prices and multiplying by 100. However, the CPI reflects only the prices of all goods and services bought by consumers.

6 0
2 years ago
Jake is a highly qualified individual he recently had an interview for the position of the bank manager the interview went well
gtnhenbr [62]
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Answer:

Explanation:

The computation is shown below:

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= $2,400 million - $360 million - $45 million

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Now the total firm value is

= Free cash flow ÷ (cost of capital - growth rate)  

= $1,995 million ÷ (11.70% - 3.90% )

= $1,995 million ÷ 7.8%

= $25,576.92 million

Now the intrinsic value of equity is

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= $25,576.92 million - $11,510 million - $6,394 million

= $7,672.92 million

And, the intrinsic value per share

= $7,672.92 million ÷ 675 million shares

= $11.37 per share

7 0
2 years ago
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