BJ
Brooke Jackson
Answers (6)
BJ
Answered
"If demand increases and supply decreases, then both the equilibrium price and quantity will increase." What conditions are necessary to make this statement true?
On Jul 19, 2024
For an increase in demand and a decrease in supply to result in an increase in both price and quantity, the shift in demand must be greater than the shift in supply. When demand increases both price and quantity of a good increase. The decrease in supply further raises the price but causes a decrease in quantity. Quantity can only increase if the increase caused by the shift in demand outweighs the decrease caused by the shift in supply.
BJ
Answered
According to the concept of media richness,the richness of a medium does NOT depend on its ability to
A) facilitate feedback.
B) establish a personal focus.
C) handle multiple information cues simultaneously.
D) convey a sense of affluence and exclusivity.
A) facilitate feedback.
B) establish a personal focus.
C) handle multiple information cues simultaneously.
D) convey a sense of affluence and exclusivity.
On Jul 16, 2024
D
BJ
Answered
_____ is an economic system in which the government owns and operates basic industries.
A) Collectivism
B) Capitalism
C) Socialism
D) Egalitarianism
E) Utilitarianism
A) Collectivism
B) Capitalism
C) Socialism
D) Egalitarianism
E) Utilitarianism
On Jun 19, 2024
C
BJ
Answered
People faced with adverse selection use _____ to deal with it.
A) screening
B) signals
C) reputation
D) screening,signals,and reputation
A) screening
B) signals
C) reputation
D) screening,signals,and reputation
On Jun 16, 2024
D
BJ
Answered
According to the open-system model, a sporting goods company's sales representatives would be part of the ____ organizational subsystem.
A) managerial
B) service
C) boundary-spanning
D) technical
E) marketing
A) managerial
B) service
C) boundary-spanning
D) technical
E) marketing
On May 19, 2024
C
BJ
Answered
Wrap-It Company,a manufacturer of wrapping paper,began operations on June 1 of the current year.During this time,the company produced 370,000 units and sold 310,000 units at a sales price of $50 per unit.Cost information for this period is shown in the following table:
a.Prepare Wrap-It's December 31st income statement for the current year under absorption costing.
b.Prepare Wrap-It's December 31st income statement for the current year under variable costing.
a.Prepare Wrap-It's December 31st income statement for the current year under absorption costing.b.Prepare Wrap-It's December 31st income statement for the current year under variable costing.
On May 17, 2024
a.
b.
b.