Which of the following DOES NOT affect demand?A. income
B. essential goods
C. substitute goods
D. diminishing marginal utility

Answers

Answer 1
Answer: Essential goods does not affect demand for we cannot live without it. That is why the demand for essential goods will remain constant even if there is a change in price. An example is medicine; people will buy this to cure their ailment regardless of a price increase.

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The financial aid office wants to estimate how much students at their university typically spend on textbooks each term. They send an email survey to 350 randomly selected students asking them to report the amount they spent this term. What is the population of interest in this study?
What is the failure rate for a franchise? A. 5 percent B. 30 percent C. 50 percent D. 15 percent
For the insured, insurance is fundamentally a form of:a. tax b. premium c. profit d. security
In Fiedler's contingency theory, the term ____ refers to the degree to which leaders are able to hire, fire, reward, and punish workers.a. task structure b. leader-member relations c. situational favorableness d. position power E. situational unfavorableness

Which of the following represents the best possible economic situation created by the relationship between population and real GDP?A. the population decreases and the real GDP increases
B. the population decreases and the real GDP decreases
C. the population increases and the real GDP stays the same
D. the population increases and the real GDP decreases

Answers

The best possible economic situation created by the relationship between population and real GDP would be : A. Population decreases and the real GDP increases.
with this condition, the total GDP per capita of that nation would be increased, which is the best scenario compared to the other options

Khan Corporation has budgeted the unit sales for April to be 5,000 units. The sales price is $25 per unit, and production costs are $10 per unit. Monthly utility expenses are estimated to be $2,000 plus $2 per unit, whereas selling expenses are estimated to be $12,000. The company pays a monthly rent of $2,000. What is the net operating income in the company's planning budget? a. $49,000 $b. 62,000 c. $125,000 d. $72,000

Answers

Answer: $49,000

Explanation: Net operating income is the income that a company left with after paying for fixed and variable expenses. It is sometimes denoted as EBIT, earnings before interest and tax.

EBIT = Sales - ( fixed expense + variable expenses )

sales = 5,000 * $25 = $125,000

variable expense = 5,000 *( $10 + $2 ) = $60,000

fixed expenses = $2000 + $12000 + $2000 = $16,000

so,

EBIT = $125,000 - (  $16,000 + $60,000 )

        = $49,000

Researching your company's mission statement will allow you to create a team goal that

Answers

Mission statement is some sort of statement that describe the purpose of the organization.

Which is why Researching your company's mission statement will allow you to create a team goal that Fit your company culture . 

Answer:

a.

Is very clever and well written

b.

Engages upper management

c.

Contrasts with other teams

d.

Fits with your company culture

Explanation:

Do financial planning and budgeting mean the same thing? 1) True 2) False

Answers

This answer is true because A budget is also known as a spending plan.

Financial planning and budgeting are not the same. Financial planning involves setting goals and creating a plan, while budgeting is a specific part of financial planning that focuses on managing income and expenses.

No, financial planning and budgeting do not mean the same thing.

Financial planning refers to the process of setting goals, analyzing financial resources, and creating a plan to achieve those goals.

It involves considering factors such as income, expenses, investments, and savings to make informed decisions.

On the other hand, budgeting is a specific part of financial planning.

It focuses on creating a detailed plan for managing and allocatingincome and expenses. Budgeting helps individuals or organizations track their spending, manage debt, and save for specific goals.

Learn more about Financial planning and budgeting here:

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In the context of the various roles employees take up in an organization, who among the following is most likely to spend a lot of their time listening?

Answers

Answer:

Managers

Explanation:

On average, workers spend 55 percent of their workday listening, and managers spend about 63 percent of their day listening.Owen Hargie, Skilled Interpersonal Interaction: Research, Theory, and Practice(London: Routledge, 2011), 177. The managers have to listen everyone in an organization from subordinates to higher ups

Janice really likes potatoes. Potatoes cost $1 per pound, and she has $5.00 that she could possibly spend on potatoes or other items. Suppose she feels that the first pound of potatoes is worth $1.50, the second pound is worth $1.14, the third pound is worth $1.05, and all subsequent pounds are worth $0.30.a. How many pounds of potatoes will she purchase?
b. What if she only had $2 to spend?
Explanation:_______
a. Janice will purchase potatoes until the value of potatoes is less than the cost of potatoes or until her income has been exhausted. For example, assume Janice has $5.00 to spend on potatoes or other items and the cost of a pound of potatoes is $1. Now assume the first pound of potatoes is worth $1.50 to Janice. She will purchase this pound of potatoes, since the value of the pound of potatoes ($1.50) is greater than the cost ($1). If the second pound is worth $1.14 and the third pound is worth $1.05, then Janice will purchase these as well, since the value exceeds the cost of $1. If all remaining pounds are worth $0.30, then Janice will not purchase these because the value is less than the cost. Thus, Janice will purchase 3 pounds of potatoes at a total cost of $3.00.
b. Now assume Janice only has $2.00 to spend on potatoes. She will purchase the first pound because it is worth $1.50 to her and it only costs $1. She will purchase the second pound because it is worth $1.14. She has now spent her entire income on potatoes. She would like to purchase the third pound because the value of this pound of potatoes is $1.05, but she does not have the income to make this purchase. Thus, Janice will purchase 2 pounds of potatoes at a total cost of $2.00.

Answers

Answer:

A) Janice will purchase 3 pounds of potatoes since she will buy them until her consumer surplus ≤ 0. The fourth pound of potatoes costs $1, and Janice is willing to pay only $0.30, so her consumer surplus s negative (-$0.70).

Consumer surplus is the difference between the price that a customer is willing and able to pay for a good and the good actual price.

B) If Janice only had $2 to spend, she would buy 2 pounds of potatoes, since her consumer surplus is positive at 2 pounds.

first pound costs $1, and Janice is willing to pay $1.50, consumer surplus = $0.50

second pound costs $1, and Janice is willing to pay $1.14, consumer surplus = $0.14