You own a restaurant. your input prices are rising frequently, and you find it necessary to change your prices often. these frequent changes epitomize the problem of?

Answers

Answer 1

These frequent changes epitomize the problem of wrong money illusions.

Money illusion is an economic hypothesis that holds that people tend to see their wealth and income in nominal dollar terms rather than in actual dollar terms. In other words, it is considered that consumers do not consider an economy's level of inflation, mistakenly assuming that a dollar is worth the same as it was the previous year.According to the theory of money illusion, people have a tendency to evaluate their wealth and income in nominal dollar terms rather than recognize their true value, adjusted for inflation.Economists attribute money illusion to issues such as a lack of financial education and price stickiness in many commodities and services. Employers are believed to take advantage of this by moderately raising wages in nominal terms but paying less in real terms.

Thus, these frequent changes are the problem of wrong money illusions.

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Related Questions

In LMX theory, what ultimately determines whether the follower becomes a member of an in-group or an out-group?

Answers

Answer:

d. the leader's perception of the follower

Explanation:

LMX theory stands for leader-member exchange theory and is an approach to leadership that focuses on the two-way relationship that exists between the leaders and followers of a group. Therefore the whether the follower becomes a member of an in-group or an out-group depends on the leader's perception of the follower. Mainly because the leader makes this decision and bases it around what they ultimately think about the follower.

Will the grading period effect what college you will go to later on?
A (True)
B (False)

Answers

Answer: A

Explanation:

Answer:

NO

Explanation:

ABC Company and DEF Company formed a joint venture. They agreed to share profit or loss on the ratio of 70% and 30%, respectively. The results of operations of the joint venture as well as the co-venturers are as follows:
Joint Venture ABC Co. DEF Co.
Gross Income 5,000,000 3,000,000 2,000,000
OPEX 3,000,000 2,000,000 1,500,000
Questions:
1. The income tax payable of the joint venture is
2. The total income tax payable of ABC Co. is
3. The total income tax expense of DEF Co. is
4. Assume the joint venture is a formed for the purpose of undertaking of construction projects, its income tax payable is
5. In relation to no. 4, the total income tax expense of ABC Co. is

Answers

The income tax payable can be calculated by multiplying the joint venture's gross income by the applicable tax rate. In this case, the joint venture's gross income is $5,000,000, and assuming a tax rate of 12%, the income tax payable would be $600,000.

How we calculate the net profit of the joint venture after deducting the operating expenses?

To calculate the net profit of the joint venture, we need to subtract the operating expenses from the gross income. The operating expenses include the costs incurred by both ABC Co. and DEF Co. Let's calculate the net profit using the given figures:

The income tax payable is determined by applying the tax rate to the taxable income of the joint venture. In this case, the taxable income is the gross income of $5,000,000. By multiplying the gross income by the tax rate of 12% (12/100), we can calculate the income tax payable as follows:

Income tax payable = Gross income * Tax rate

                = $5,000,000 * 12/100

                = $600,000

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What happens to an inferior good when income decreases?

Answers

When incomes drop or the economy weakens, the demand for subpar goods rises. When this occurs, inferior good alternatives to more expensive goods are made available.

Explain about the inferior good?

In economics, when income rises or the economy grows, the demand for subpar products declines.

Customers will be more likely to spend money on more expensive alternatives when this occurs. This change may be the result of various factors, such as quality or a movement in the socioeconomic level of the consumer.Everything that a consumer would purchase less of even with an independent certification of real income is considered an inferior item, which is the polar opposite of a normal good. They might also be connected to people who are typically from lower socioeconomic classes.

In contrast, when earnings drop or the economy weakens, the demand for subpar goods rises.

Thus, when this occurs, less priced alternatives to more expensive goods are made available.

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is Jesus real? i'm so confused even though i am a Christian, i still don't believe that jesus is real

Answers

Answer:

i dont see any proof so nope he aint real

Explanation:

Answer:

Jesus is real

Explanation:

He is the son of the lord, and died for your sins. It's also been scientifically proven that he is real How could he not be real.


1. what you have noticed on the posted materials in
What manner did the advertisers promote their producter?​

Answers

Answer:

Explanation:

Advertising is the lure that draws new customers to your business or product. Small businesses utilize several options to advertise a product or service. ... that receive heavy traffic is one way to get the word out about your business. ... venue with a stamp that bears your company logo; the attendees will then have your logo ...

A group of four friends spends a day at a local theme park, which has just opened a new attraction with very popular rides featuring new technology. They board one of the rides after waiting for over an hour in line, but about five minutes into the ride the electricity fails, and they are stuck on the ride for a half hour. When the ride finally resumes and concludes, they go to the theme park’s guest services department to complain.


What are the facts?

How does the guest feel?

How would you acknowledge the guest’s feelings?

What would be your solution?

How would you follow up with the guest?

Answers

firstly it was totally the system's fault because they can't take risks with electricity in a local theme park as it is a must factor. even if the incident occurred they must have a good backup.

we have already discussed the facts, it was very unpleasant for the guests as they came for enjoying the moment but wasted their time due to system failure and it was very disheartening for all the people gathered there.

acknowledging guests' feelings seems to be very disheartening as they suffered because of the department's negligence and everything that happened was unexpected.

the department should be aware of every basic facility present at that moment and must have options for immediate action if something happens.

How did the mongol conquests affect the italian economy?.

Answers

Answer:

The mongols unified much of Asia into one trade network, lowering prices creating a demand

for goods in Europe.

Why should the entrepreneur revisit the business plan after launching?
Group of answer choices
The secretary of state requires that the business plan be updated annually.
It gives you an opportunity to reconsider whether changes to plans or milestones are necessary.
Once the business launches, you are required to submit an updated plan to the investor.
It will help you refocus and find the right employees to make your business successful.

Answers

The main reason why an entrepreneur should revisit the business plan after launching is to have an opportunity to reconsider whether changes to plans or milestones are necessary.

A business plan is a blueprint for the company's future, but it is not set in stone. As a business grows and evolves, the original plan may no longer be relevant, and adjustments may need to be made. By revisiting the plan, the entrepreneur can reassess the market, competition, and customer needs to ensure that the company is heading in the right direction. This will help the entrepreneur refocus and make necessary changes to ensure the business's success. Additionally, revisiting the business plan can also help the entrepreneur find the right employees. As the business grows, it may require different skill sets or personnel, and the entrepreneur can use the updated plan as a guide to hiring the right people for the job. By reassessing the plan, the entrepreneur can identify areas that require additional expertise or resources and seek out employees with the relevant experience or skill sets. It is not a requirement by the secretary of state to update the business plan annually, nor is it necessary to submit an updated plan to the investor after launching, although investors may request to see an updated plan periodically to assess the company's progress. The primary reason for revisiting the plan is to ensure that the business is heading in the right direction and to make adjustments as necessary.

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Question 4(Multiple Choice Worth 4 points)
(01.04 LC)
Which of the following will change because of a change in price?
O Demand
O Equilibrium demanded
O Supply
O Quantity supplied

Answers

Answer: Sorry I'm late. (Very) But, the answer is A. Demand.

Explanation: If price increases, demand decreases, and vise versa.

Because of a change in price, the Demand will change as well. Thus the correct option is A.

What is demand?

When the willingness of an individual to buy any product is increased it gives rise to the demand. This willingness will shift with a change in the price or quality.

Demand for low-quality items decreases when an individual's income grows because of greater purchasing power, and demand rises when an individual's income decreases because of lower purchasing power.

If a good is in higher or lower demand, a variety of factors play a role in making the change. This includes the price of the product, how well buyers respond to change the price, the amount of money spent on product advertising, and so forth.

Therefore, option A Demand is appropriate.

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The Moto Hotel opened for business on May 1, 2017. Here is its trial balance before adjustment on May 31.
MOTO HOTEL
Trial Balance
May 31, 2017
Debit Credit
Cash $ 2,333
Supplies 2,600
Prepaid Insurance 1,800
Land 14,833
Buildings 71,200
Equipment 16,800
Accounts Payable $ 4,533
Unearned Rent Revenue 3,300
Mortgage Payable 37,200
Common Stock 59,833
Rent Revenue 9,000
Salaries and Wages Expense 3,000
Utilities Expense 800
Advertising Expense 500
$113,866 $113,866
Other data:
Insurance expires at the rate of $360 per month.
2. A count of supplies shows $1,150 of unused supplies on May 31.
3. (a) Annual depreciation is $3,600 on the building.
(b) Annual depreciation is $3,000 on equipment.
4. The mortgage interest rate is 5%. (The mortgage was taken out on May 1.)
5. Unearned rent of $2,630 has been earned.
6. Salaries of $750 are accrued and unpaid at May 31.
Journalize the adjusting entries on May 31.

Answers

Okay very school thank s

Now that Amazon does collect sales tax in most states, what other loopholes has Amazon found to evade other taxes?
(In depth response)

Answers

Another area in which Amazon has found another tax loophole in order to evade taxes is:

They make use of foreign based companies to receive payments from customers in another country.

What is a Tax Loophole?

This refers to the legal clauses which the rich people and corporations exploit in order to evade paying tax or paying as much as other people.

One tax loophole which is being used by Amazon to evade tax is the use of foreign based companies to receive payments from customers in another country and bypass HMRC.

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A skill is a learned or practiced ability to perform an activity well.


True

False

Answers

Answer:

true

Explanation:

Which of the following is NOT an application used in social business?
A. Communities
B. Crowdsourcing
C. Email
D. Social networks.
E. Blogs and wikis.

Answers

The answer is C. Email

The application that is not used in social business is Communities.

This is because Communities is not an application.

Community is just a term that is used to describe a group of people that are living in the same geographical area, often with similar interests or goals.

However, Crowdsourcing is an application that is used in gathering information about people such as service providers or consumers.

Email is a web application that is used to communicate with people far and near. It can be used to advertise and inform people about a product.

Social networks: this is an application in which business owner can use to communicate with his customers or gather new clients.

Blogs and wikis: this is also a web application that is used in writing about things or events. It can be used to store product description and promote it to the target consumers.

Hence, in this case, the correct answer is option A. "Communities."

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The most problematic sources are those that: A. Provide the least information about their author and original source of information B. Contain information that is biased C. Contain information only from secondary sources D. Provide one outlook on the information being presented

Answers

The most problematic sources are those that provide the least information about their author and original source of information. A material or device that emits radiation, whether ionising or non-ionizing, and that needs to be licensed by the Australian Radiation.

The protection and Nuclear Safety Authority is referred to as a problematic source. Investments, operations, and financing These three streams of business cash flow can significantly impact the development and viability of your organization. The sources of company finance include retained earnings, equity, term loans, debt, letters of credit, debentures, euro issuance, working capital loans, the venture capital investments, etc.

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Answer: I believe the answer is A.

Explanation: I really hope this helps and have a fabulous day!

Scenario 3: Buying a cell phone plan It’s time to buy a new cell phone plan, and you will be paying for this one yourself. The providers offer a lot of options, and your budget is limited. What financial information do you need? What financial decision-making strategies can you use? (Cost comparison, cost-benefit analysis, calculating future expenses, or budgeting?)

Answers

Answer:

hi bestie

cost comparison

Explanation:

Peter is planning his finances for the next couple of years. He wants to save money to eventually buy a house because he will be getting married
soon. He has created a savings plan revolving around his necessary expenses, and he has set a target of three years to save up a down payment
for a house. At which phase of the financial life cycle is Peter in?
Peter is in the____
phase of the financial life cycle.

Answers

Young & Unmarried cycle

an individual or organization that uses free market principles and creates for-profit businesses with the goal of creating value is known as a _________.

Answers

An individual or organization that uses free market principles and creates for-profit businesses with the goal of creating value is known as an "entrepreneur."

Entrepreneurs are known for their risk-taking abilities and innovation in identifying market gaps and developing new products or services. They are motivated by profit but also have a desire to make a positive impact on society by creating jobs and contributing to economic growth.

Entrepreneurs are crucial to the success of a free market economy as they introduce competition, encourage innovation, and drive economic growth. They are often regarded as drivers of change and have the potential to transform industries and markets.

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According to the video, what tasks are commonly performed by Farmworkers instead of by machines? Select three
options.
weeding
Opruning
preparing soil
transplanting
planting

Answers

Answer:

A: weeding

B: pruning

D: transplanting

Explanation:

trust me i just did it

enjoy :)

Vince, a part-time caterer, negotiates a catering contract with kevin for an annual corporate memorial day picnic. vince does not want to concede to kevin's demands for unlimited seconds on fried chicken without any increase in what he is paid. however, he accepts the contract without any counterbalancing concession from kevin. vince resolves the conflict in the negotiation in the _____ mode.

Answers

Vince resolves the conflict in the negotiation in the accommodating mode.

The accommodating mode in business simply signifies the opposite of competing. This style is simply about putting other parties' needs before one's own. It refers to being unassertive and collegial.

Here Vince is becoming accommodating to his client Kevin to resolve the conflict. Vince is satisfying Kevin's concerns while neglecting his own. A concept of self-sacrifice is functioning here. Vince is here kind of obeying Kevin's order without preferring the same or yielding the same point of view.

Accommodating mode permits conflicts to be resolved quickly. It helps in reinstituting peace and harmony. It aids in maintaining productive working relationships. It preserves trust between the clients and helps in earning goodwill and appreciation. It mostly acts as a key to advancing one's career.

This model also has certain downsides. If one relies too much on the accommodating mode, it can result in getting low attention, limited influence, and anarchy. People who overuse this mode, begin to express anxiety over future uncertainties. It can also lead to feelings of regret and resentment.

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9What is an example of a formal closing? ALove, incorrect answer BSee you later, incorrect answer CYours truly, incorrect answer DTill then, incorrect answer 9 of 10

Answers

Answer:

C Yours truly

Explanation:

For closing the formal letter, we write off the format closing at the bottom of the page

Like

Yours sincerely

Thanks & regards

Your truly

Best regards, etc

This should represent the respect of a person and the writing way to write out a letter

Therefore in the given case, the option C is correct i.e. C yours truly

Answer:

D

Explanation:

DDDDDDDDDDDDDDd

Tri-County G&T sells 150,000 MWh per year of electrical power to Boulder at $75 per MWh, has fixed costs of $82.5 million per year, and has variable costs of $25 per MWh. If Tri-County has 1,000,000 MWh of demand from its customers (other than Boulder), what will Tri-County have to charge to break even?

Answers

Answer:

Tri-County has to charge $824.59 per MWh to breakeven.

Explanation:

Breakeven Point is the level at which a firm neither makes a profit nor a loss.

Step 1 : Calculate the Total Fixed Costs

If If Tri-County has 1,000,000 MWh of demand from its customers other than Boulder, then the total fixed costs has to be established for the company first as follows :

Unit Cost = Total Existing Fixed Costs ÷ Existing Activity (Boulder)

               = $82,500,000 ÷ 150,000 MWh

               = $550 per MWh

Fixed costs including the demand from other customers :

Total MWh = 150,000 MWh ( Boulder) + 1,000,000 MWh (Other customers)

                  = 1,150,000 MWh

Therefore,

Total Fixed Costs = Unit Cost × Total MWh

                              = $550 × 1,150,000 MWh

                              = $632,500,000

Step 2 : Calculate the Break even point in dollars

Break Even Point (dollars) = Fixed Costs ÷ Contribution Margin ratio

Where,

Contribution Margin ratio = Contribution ÷ Sales

                                          = Selling Price - Variable Costs ÷ Sales

                                           = ($75 - $25) ÷ $75

                                           = 0.667

Break Even Point (dollars) =  $632,500,000 ÷ 0.667

                                           = $948,275,862.10

Step 3 : Calculate the unit selling price to break even

Unit Price = Total Sales ÷ Total Units Sold

                = $948,275,862.10 ÷ 1,150,000 MWh

                = $824.59 per MWh

Conclusion :

Tri-County has to charge $824.59 per MWh to breakeven

how important is food preservation in our livelihood

Answers

Answer:

in order to save food and to keep food for long periods of time

What are five questions you should ask yourself to help you determine the type of health care coverage that is most important to you?

Answers

Cheap

Effective

Fast

Options

Safe

What percent of lottery winners end up with serious financial problems?
a. 30
b. 50
c. 70
d. 90

Answers

Answer:

b

Explanation:

what is the portion of a market controlled by a particular company or product? Choose the answer.

a) market share

b) market goal

c) sales funnel

d) market budget

Answers

Answer:

a) market share

Explanation:

The market share refers to the portion of a market controlled by a particular company or product. It is calculated by dividing the company's sales within a specific market by the total sales within that market. Market share is important for companies because it can help them gauge their relative position in the market, understand their target audience, and make strategic decisions about future growth and development.

Under a regime of fixed exchange rates and capital mobility, the main concern is domestic.

Answers

Under a regime of fixed exchange rates and capital mobility, the main concern is domestic economic stability. Fixed exchange rates mean that a country's currency is pegged to another currency or a basket of currencies, which can limit the flexibility of a country's monetary policy. This can make it difficult to adjust to changes in the domestic economy, such as inflation or changes in demand for exports.

Capital mobility, on the other hand, refers to the ability of investors and companies to move capital in and out of a country freely. This can create volatility in financial markets and potentially destabilize the domestic economy. Therefore, policymakers under such a regime need to focus on maintaining stable domestic economic conditions to prevent disruptions caused by changes in exchange rates or capital flows.

This is because fixed exchange rates limit a country's flexibility in adjusting its currency value, while capital mobility allows for easy movement of funds across borders. As a result, policymakers must focus on maintaining domestic economic stability to prevent financial crises and ensure a stable environment for trade and investment.

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I will play basketball at Elizabeth High School for the next four years. I will commit myself to making the varsity team and averaging ten points and ten rebounds a game. This is a _____ goal.

Answers

I will play basketball at Elizabeth High School for the next four years. I will commit myself to making the varsity team and averaging ten points and ten rebounds a game. This is a specific and measurable goal.

What is the goal about?

A specific goal is one that is clear and well-defined. In this case, the goal is to play basketball at Elizabeth High School for the next four years, commit to making the varsity team, and averaging ten points and ten rebounds a game. These are specific actions and outcomes that the person wants to achieve.

Note that a measurable goal is one that can be quantified or tracked in some way. In this case, the goal is to average ten points and ten rebounds a game. This is a measurable outcome that can be tracked and monitored over time. The person can measure their progress by counting the number of points and rebounds they achieve during each game.

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Malcolm Lewis has come up with the idea of a system for picking up people's cars while they are at work, washing and waxing them, and returning them for a fee. Having been a big success in his home city, Malcolm plans to expand his operation into other cities. The service described here seems best suited to

Answers

Answer:

Franchising

Explanation:

Franchising is a strategy that companies use to expand their business in which one party called the franchisee pays the other party the franchisor a specific amount of money to have access to the company's processes, knowledge and brand to sell the product or service in a specific place using the name of the company. This would be the best suited strategy for this service because the company can expand without having to get a big amount of capital using the resources of other people and this can allow to grow faster and the franchisee can have a better knowledge of the specific market.

True/False: for selling in relationship-oriented countries, a sales force consisting of american expatriates proves to be most efficient.

Answers

False. While American expatriates may have certain advantages in relationship-oriented countries due to their cultural familiarity and language proficiency, it is not necessarily true that they would be the most efficient sales force for selling in such countries.

Relationship-oriented countries often prioritize building personal connections, trust, and long-term relationships in business dealings. In these countries, local salespeople who understand the cultural nuances, business customs, and language of the target market may be better positioned to establish and nurture relationships with customers effectively. Local salespeople can leverage their knowledge of local business practices, social norms, and networks to navigate the market, adapt to customer preferences, and communicate more effectively. They may also possess a deeper understanding of the market dynamics, competitors, and customer needs specific to that country. While American expatriates can contribute valuable skills and perspectives, a combination of local and expatriate sales force may be more efficient in relationship-oriented countries. This allows for a balance between cultural understanding, market knowledge, and the expertise brought by the expatriate staff. Collaborating with local talent can enhance the sales efforts and enable a deeper understanding of the local market, ultimately increasing the chances of sales success.

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You are not able to print a test page from your Windows 10 computer to your local, USB-connected Canon Pixma printer. Which of the following are possible causes of the problem? Select all that apply.The network is down.The printer cable is not connected properly.The Windows print spool is stalled.File and printer sharing is not enabled. Matt Perry, Inc. had outstanding $6,000,000 of 11% bonds (interest payable July 31 and January 31) due in 10 years. On July 1, it issued $9,000,000 of 10%, 15-year bonds (interest payable July 1 and January 1) at 98. A portion of the proceeds was used to call the 11% bonds (with unamortized discount of $120,000) at 102 on August 1.Matt Perry, Inc. had outstanding $6,000,000 of 11% bonds (interest payable July 31 and January 31) due in 10 years. On July 1, it issued $9,000,000 of 10%, 15-year bonds (interest payable July 1 and January 1) at 98. A portion of the proceeds was used to call the 11% bonds (with unamortized discount of $120,000) at 102 on August 1.Required:Prepare the journal entries necessary to record issue of the new bonds and the refunding of the bonds. In response to critically low nutrient levels, yeast cells often enter into a dormant, non-dividing state. This state allows yeast cells to survive until nutrient levels are restored, at which point the cells typically re- enter the cell cycle. According to the information above, critically low nutrient levels cause yeast cells to Choose 1 answer: transition from Go to G1 phase transition into meiosis transition from G1 to Go phase transition into mitosis a hockey player is standing on his skates on a frozen pond when an opposing player, moving with a uniform speed of 2.0 m/s, skates by with the puck. after 1.40 s, the first player makes up his mind to chase his opponent. if he accelerates uniformly at 0.22 m/s2, determine each of the following. Assume that the audit team established a tolerable rate of deviation of 5%, an expected population deviation rate of 1%, and desired to control the risk of overreliance to 10%. What is the appropriate sample size in this situation? 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The own price elasticity of demand for product X is 2, and the cross-price elasticity of demand between product Y and X is 1.5. How much will your firm's total revenues (revenues from both products) change if you increase the price of good X by 2 percent? Gathering firsthand information is important in the workplace. The best research source to gather this type of data is: Web pages or articles. Company records. Databases. Interviews. let f and g be function that are differentiable throughout its domain and that have the following properties.f(x + y) = f(x) + x^3y - xy^3 - f(y) limx-->0 f(x)/x = 1Use the definition of the derivative to show that f'(x) = x^3 -1. A couple invests $7500 in an account paying 3%, compounded semiannually. find the amount in their account after 18 months. An exposed or developed film or plate on which values are the reverse of what they actually are in reality is called a? 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