Which phrase describes the substitution effect?A.) buying cheaper alternatives when a product becomes expensive
B.)replacing existing producers in a market with new producers
C.)replacing existing products in a market with higher-quality products
D.)substituting existing technology with a new technology to produce more goods

Answers

Answer 1

Answer: I believe the answer is: A.) buying cheaper alternatives when a product becomes expensive

Substitution effect refers to a situation when a change of component on a product would influence consumers to replace that product.
Factors that could cause a substitution effect could include things such as prices, availability, changes in material, etc.

Answer 2

Answer: The correct answer to the question that is being stated above is letter A. buying cheaper alternatives when a product becomes expensive.

Buying cheaper alternatives when a product becomes expensive is an example of an action which best describes the substitution effect.

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13 ___________ is associated with success for managers and salespeople.

Answers

Extroversion is associated with success for managers and salespeople. If you are extroverted, and know your way around people, you will be more likely to be successful when it comes to these kinds of jobs.

Nadine just turned 21 years old and will begin her junior year of college in the fall. Money that she is saving for which of these purposes is not good to put in a certificate of deposit?

Answers

Based on my research here are the choices given:
A. A trip during spring break of her senior year
B. Gas for her car
C. Tuition for a master's degree program
D. Books for her senior thesis

- The answer would be B. Gas for her car.

Answer:

This is an incomplete question as it has shown us the choices. So, the complete question is as follow:

Nadine just turned 21 years old and will begin her junior year of college in the fall. Money that she is saving for which of these purposes is not good to put in a certificate of deposit?

A. trip during spring break of her senior year

B. Gas for her car

C. Tuition for a master's degree program

D. Books for her senior thesis

Answer:

The correct answer is B (Gas for her car)

Explanation:

Nadine is going to start her junior year of college in the fall so the money she is saving is not good to put in certificate of deposit for the purpose of gas for her car. Because gas is daily commodity so she will have to require money for gas frequently. The money for all other things like trip during spring break of her senior year, tuition fee for a master's degree program and books for her senior year will require at least 12 months.

In production, what is a flexible factor that can change in amount or usage?a. variable factor
b. invisible factor
c. fixed factor
d. produced factor

Answers

The answer to the question that is being presented above would be letter a. variable factor. In production, a flexible factor that can change in amount or usage is a variable factor. An example of a variable factor of production is labor.

The main economic influence that determines prices is: the stock market. interest rates. government spending. supply and demand.

Answers

The correct answer is : Supply and demand

a Product's price will most likely to increase if more consumers demanded that product.And a product's price will most likely to drop if no one want it.

A product's price will increase if only a few people could supply it (which mean that it's hard to obtain) , and a product's price will decrease if it could be obtain easily ( a lot of people could supply it)

When there is a net increase in the physical quantity of inventory during a period, the use of ________ results in an additional layer of inventory.a. FIFOb. LIFO
c. average cost

Answers

Answer:

(B) LIFO

Explanation:

LIFO accounting is a method used in managing inventory and financial matters.

LIFO stands for “Last-In, First-Out”.

This method of accounting assumes that the recently purchased inventory be sold first. It is a method used for cost flow assumption purposes in the cost of goods sold calculation.

Then, LIFO INVENTORY LAYER is a portion of LIFO inventory cost on a balance sheet.

The ending inventory in physical quantity will usually exceed the beginning inventory.

The LIFO cost flow assumption assigns to this increases in physical quantities a cost computed from the prices of the earliest purchases during the year.

The LIFO inventory then consists of layers, or slices, which typically consists of relatively small amounts of physical quantities from each of the past years when purchases in physical units exceeded sales in units.

A local candidate running for office would very much like to have your vote. She promises that she will "make the country better." Because all candidates for public office say this, you decide not to vote for her. Marketing will not occur in this situation because____________.

Answers

Answer:

The correct answer is letter "D": something to exchange is missing.

Explanation:

Marketing refers to all the efforts companies and individuals make to promote their goods or services. One of the functions of marketing is being a bridge between what a consumer wants and what companies or individuals can provide. In that scenario an exchange takes place.

Thus, as the candidate is not offering something you are looking for, there is no exchange in between being that the reason why you did not vote for her.

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