KP
Keith Perkins
Answers (8)
KP
Answered
Consider a market for kids' shoes that is initially in equilibrium.For a given upward-sloping demand curve,an increase in the price of Velcro which is used as fasteners for kids' shoes will result in a(n) :
A) increase in both equilibrium price and quantity of shoes.
B) increase in both quantity demanded and quantity supplied of shoes.
C) increase in equilibrium price but a decrease in equilibrium quantity of shoes.
D) decrease in equilibrium price but an increase in equilibrium quantity of shoes.
E) decrease in both quantity demanded and quantity supplied of shoes.
A) increase in both equilibrium price and quantity of shoes.
B) increase in both quantity demanded and quantity supplied of shoes.
C) increase in equilibrium price but a decrease in equilibrium quantity of shoes.
D) decrease in equilibrium price but an increase in equilibrium quantity of shoes.
E) decrease in both quantity demanded and quantity supplied of shoes.
On Jul 20, 2024
C
KP
Answered
Assume Jack received all As in his classes last semester. If Jack gets all Bs in his classes this semester, his GPA may or may not fall.
On Jul 14, 2024
True
KP
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What is the meaning of perfectly inelastic demand and perfectly elastic demand? How would each be graphed?
On Jun 20, 2024
Perfectly inelastic demand means there is no change in the quantity demanded when the price changes and graphs as a line parallel to the vertical axis. Perfectly elastic demand means that a price change will cause quantity demanded to decline from an infinite amount to zero and graphs as a line parallel to the horizontal axis.
KP
Answered
If a line passes through the points (20,5) and (10,10), then the slope of the line is -2.
On Jun 14, 2024
False
KP
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Rashid saw Charles "rear-end" Francine's car at a stop sign. Immediately following the accident he told Charles that he would testify that Francine had been over the white line and had backed up into Charles, if Charles paid him $200. Charles agreed and Rashid provided his testimony in court. The police can prove Rashid is lying.
A) Francine could successfully sue Rashid for slander.
B) Francine could successfully sue Rashid for slander and would be awarded punitive damages.
C) Francine would lose a slander suit because Rashid could raise the defence of absolute privilege, though Rashid could be charged with the crime of perjury.
D) Francine would lose a slander suit because Rashid could raise the defence of qualified privilege, although Rashid could be charged with the crime of perjury.
E) If Rashid had lied only out of friendship, rather than for money, he could not be sued by Francine nor charged by the police.
A) Francine could successfully sue Rashid for slander.
B) Francine could successfully sue Rashid for slander and would be awarded punitive damages.
C) Francine would lose a slander suit because Rashid could raise the defence of absolute privilege, though Rashid could be charged with the crime of perjury.
D) Francine would lose a slander suit because Rashid could raise the defence of qualified privilege, although Rashid could be charged with the crime of perjury.
E) If Rashid had lied only out of friendship, rather than for money, he could not be sued by Francine nor charged by the police.
On Jun 10, 2024
C
KP
Answered
Camps Incorporated has a standard cost system. The standards for direct materials for one of its products specify 4.4 ounces of a particular input per unit of output at a standard cost of $6.40 per ounce. The company has reported the following actual results for the product for May:
Required:
a. Compute the materials price variance for this input for May.
b. Compute the materials quantity variance for this input for May.
Required:a. Compute the materials price variance for this input for May.
b. Compute the materials quantity variance for this input for May.
On May 15, 2024
a. Materials price variance = (Actual quantity × Actual price) − (Actual quantity × Standard price)
= $86,140 − (14,600 ounces × $6.40 per ounce)
= $86,140 − $93,440
= $7,300 Favorable
b. Standard quantity = 2,900 units × 4.4 ounces per unit = 12,760 ounces
Materials quantity variance = (Actual quantity × Standard price) − (Standard quantity × Standard price)
= (Actual quantity − Standard quantity) × Standard price
= (12,770 ounces − 12,760 ounces) × $6.40 per ounce
= 10 ounces × $6.40 per ounce
= $64 Unfavorable
= $86,140 − (14,600 ounces × $6.40 per ounce)
= $86,140 − $93,440
= $7,300 Favorable
b. Standard quantity = 2,900 units × 4.4 ounces per unit = 12,760 ounces
Materials quantity variance = (Actual quantity × Standard price) − (Standard quantity × Standard price)
= (Actual quantity − Standard quantity) × Standard price
= (12,770 ounces − 12,760 ounces) × $6.40 per ounce
= 10 ounces × $6.40 per ounce
= $64 Unfavorable
KP
Answered
Which of the following is NOT an example of a political tactic?
A) influencing the agenda for meetings to include your issues
B) influencing decision makers to use criteria that will bias decisions in your favor
C) changing the procedures used for a current task
D) selecting decision makers who will promote and defend your interests
A) influencing the agenda for meetings to include your issues
B) influencing decision makers to use criteria that will bias decisions in your favor
C) changing the procedures used for a current task
D) selecting decision makers who will promote and defend your interests
On May 11, 2024
C
KP
Answered
Humana implemented a CSR outreach program in Mississippi to educate citizens and help them enroll in the Affordable Care Act after a Gallup survey found that the state had an uninsured population of ______.
A) 50%
B) 35%
C) 20%
D) 10%
A) 50%
B) 35%
C) 20%
D) 10%
On May 08, 2024
C