Tomas increased his consumption of potato chips when the price of pistachios increased. for tomas, potato chips and pistachios are

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Answer 1
 For Tomas, potato chips and pistachios are substitutes in consumption. In financial matters, the consumption function portrays a connection amongst utilization and extra cash. The idea is accepted to have been brought into full-scale financial aspects by John Maynard Keynes in 1936, who utilized it to build up the thought of an administration spending multiplier.
Answer 2
Final answer:

For Tomas, potato chips and pistachios are substitute goods, meaning they can fulfill the same function for him. When the price of pistachios increased, Tomas shifted his consumption to the cheaper potato chips.

Explanation:

For Tomas, potato chips and pistachios are what economists refer to as substitute goods. Substitute goods are two goods that could fulfill the same function for a consumer. If the price of one good increases, the consumer will shift their consumption to the other, cheaper good.

In this case, when the price of pistachios increased, Tomas began consuming more potato chips instead. This is a classic example of how changes in prices can direct consumer behavior, a fundamental concept in microeconomics.

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Related Questions

Dfi to achieve economies of scale bear co. and viking, inc., are automobile manufacturers that desire to benefit from economies of scale. bear co. has decided to establish distributorship subsidiaries in various countries, while viking, inc., has decided to establish manufacturing subsidiaries in various countries. which firm is more likely to benefit from economies of scale?

Answers

Bear Company is probably going to profit since it is keeping up the greater part of its assembling in one zone. In the case of Viking Inc. spreads its creation offices, it will bring about higher settled expenses of apparatus. 
The Bear Company profits by the cost advantage that emerges with expanded yield of an item. Economies of scale emerge due to the converse connection between the amount delivered and per-unit settled expenses.

The owners of a firm facing a high probability of bankruptcy prefer to invest in ____ projects, because ______

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The answer is risky; the shareholders have little to lose and might win if successful.  They prefer to go to high risk projects financed with debt because the bondholders are more pertinent to suffer any economic losses incurred should the project fail. The additional debt a company gets, the more it risks being not capable to meet its economic obligations to creditors. A highly leveraged firm is more susceptible to a decline in profitability. Therefore, a highly levered firm has a higher risk of bankruptcy. Investors and/or owners would prefer the company to go ahead with the risky investment. If the company foregoes the investment, owners don’t benefit. If the company does go for the risky investment, owners have at least some upside gain potential.

The owners of a firm facing a high probability of bankruptcy prefer to invest in [tex]\fbox{risky}[/tex] projects because [tex]\fbox{the shareholders have little to lose and might win if successful}.[/tex]

Further Explanation:

Bankruptcy: Bankruptcy refers to the legal process where the person or company seeks relief from the court because they are not able to pay their debt. The company and debtor both can file for bankruptcy in the court.

If the firm is facing bankruptcy, it means that it is heavily laden with debt. The profitability of the firm is very low since it is not able to pay its debts. If the firm goes for bankruptcy, the shareholder will receive a cents for a dollar. But if the firm accepts the risky project and successfully implement it, then it will improve the condition of the firm. The firm might be able to pay its debts.

Therefore, the firm that is facing a high chance of bankruptcy prefers to invest in risky projects because the shareholders might receive their money back if the project is successful.

Learn more:

1. Learn more about the value of the investment

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3. Learn more about the present value of the investment

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Answer details:

Grade: Senior School

Subject: Business Studies

Chapter: Financing decisions

Keywords: Owners of a firm, high probability of bankruptcy, risky projects, investment, bankruptcy, the shareholders, have, little too, lose, profit, loss, creditors, bank loan.

Oil producers expect that oil prices next year will be higher than oil prices this year. as a result, oil producers are most likely to

Answers

Final answer:

Anticipated higher oil prices next year would likely cause oil producers to decrease production and increase storage to take advantage of these future higher prices. This behavior is based on the economic principle of supply and demand.

Explanation:

If oil producers anticipate that next year's oil prices will be higher than this year, they would most likely hold back on production and stockpile more oil. This behavior can be explained with the principle of supply and demand. When producers expect prices to increase in the future, they decrease supply in the present (by limiting production and increasing storage), which can create a scarcity, thereby pushing prices up.

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In relation to an approach to get into customers’ minds, _____ refers to the collection of associations and emotions unconsciously linked to a word, concept, or experience.

a. illusion

b. moments of truth

c. imprint

d. implication

Answers

The answer to this question is Imprint.

Imprinting is an approach that makes the consumers / customers remember your brand. Imprint simply means leaving something in your mind which last long and gives an impact. Imprinting is very important in businesses because when you imprint your brand in the mind of the customers it gives a long information about the product and gives a lasting impression.  

If you deposit $5,000 in a bank account that pays 4% interest annually, how much will be in your account after 5 years? round your answer to the nearest cent.

Answers

The formula is
A=p (1+r)^t
A future value?
P present value 5000
R interest rate 0.04
T time 5years
A=5,000×(1+0.04)^(5)
A=6,083.26

Jane's candy shack was a quaint shop, in a small town, with high end items that never attracted many customers. its failure was probably attributable to failure to

Answers

The failure of the shop was probably because the owner fails to search or do research work in her market that made customers feel no attraction to the things that she sells. She should have done or better research s in making the customers attracted to the things that she sells so that she will have customers that are large in numbers and in the same time, her shop would sell.

An industry is composed of 10 firms, all with equal sales. the four-firm concentration ratio in this industry is

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The four-firm ratio is the concentration ratio between the total sales accumulated by the four largest industrial firms to the total sales of all firms present in an industry. This translates to the mathematical expression of 

           four-firm ratio = (total sales of four largest firms / total sales)

Since, we are given that all 10 firms have the same sales, we let the sales be equal to x.

    total sales of four largest firms = 4x
    total sales  = 10x

The ratio is then,
 
                   four-firm ratio = 4/10

Converting this to percentage will yield us an answer of 40%. 
Final answer:

The four-firm concentration ratio in this industry is 40%.

Explanation:

The four-firm concentration ratio in an industry is a measure of the combined market share of the four largest firms in that industry. It is calculated by adding the market shares of these four firms. In this case, since all 10 firms in the industry have equal sales, the four-firm concentration ratio would be 4 times the market share of each firm, which would be 4/10 or 40%.

Although the four-firm concentration ratio provides a snapshot of industry concentration, it may not provide the full picture of competition within the industry. It is possible for two industries with the same four-firm concentration ratio to have different levels of competition, depending on the distribution of market shares among the firms.

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In a research report, limitations of the study are normally discussed in which section?

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The answer to this is DISCUSSION SECTION. This is where the limitations of the study are normally discussed. Basically, the purpose of the discussion section is to discuss the significance of your study and also the importance and relevance of the results of your study. Also, in this section, the limitations of the study is also included. This is very important so that the readers will further understand the limitations you have done in your research as this will affect their interpretation and analysis. You can either put this at the beginning of the section or at the conclusion.

Future value if you deposit $2,000 in a bank account that pays 6% interest annually, how much will be in your account after 5 years

Answers

$2,600 because 6% of 2,000 is 120 and 120 times 5 is 2,600. Hope this helps you (:
Final answer:

The future value of depositing $2,000 in a bank account that pays 6% annual interest for 5 years is approximately $2,674.16.

Explanation:

The subject of this question is about calculating the future value of an amount of money deposited in a bank account that pays a certain amount of interest annually. In this case, you deposit $2,000 in a bank account that pays 6% interest annually and want to find out how much will be in the account after 5 years.

To calculate this, you can use the formula for compound interest which is: A = P(1 + r/n)nt. But in this case since annual compounding is assumed based on the question, we use a simplified version of the formula which is: A = P(1 + r)^t where:

A is the amount of money accumulated after n years, including interest.P is the principal amount (the initial amount of money).r is the annual interest rate (in decimal form, so 6% becomes .06).t is the time the money is invested for in years.

So, plug the numbers into the formula: A = 2000(1 + .06)^5, and you will get A = $2,674.16 approximately. So, the future value of this deposit after 5 years will be $2,674.16.

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Karl marx introduced the idea of a _____, a pool of job-seekers whose numbers outpace the available positions and who contribute to keeping wages low and conditions of work tenuous.

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Reserve army of labor

Karl Marx introduced the idea of a Reserve army of labour. a pool of job-seekers whose numbers outpace the available positions.

What is Karl Marx?

Marxism is a social, political, and economic ideology that places a strong emphasis on the struggle between the working class and capitalists. Marx was the person who created it. Marx thought that there will inevitably be class conflict due of the inherent exploitation of workers by capitalists.

Marx criticized capitalism as a system that alienates the masses. Despite the fact that workers create goods for the market, it is the forces of the market that ultimately determine how things work. For capitalists who have complete control over the means of production and authority in the workplace, people are required to perform labor.

Karl Marx, a German philosopher, lived in the 19th century. He was a well-known communist enthusiast and an expert in political theory.

Thus, Reserve army of labour.

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Brian vargo, an auto repair mechanic who remains unemployed because he refuses to work for less than $1,000 an hour, is:

Answers

The answer is he is not part of the labor force. Since the labor force is comprises of the employed and the unemployed. The remainder— persons who are neither employed nor unemployed are not in the labor force. This group comprises retired persons, students, those taking care of children or other family members, and others who are neither working nor seeking work. Since the mid-1990s, naturally fewer than 1 in 10 people not in the labor force stated that they want a job.

To strengthen the dollar using sterilized intervention, the fed would _______ dollars and simultaneously _______ treasury securities.

Answers

To complete the statement above:

To strengthen the dollar using sterilized intervention, the fed would buy dollars and simultaneously buy treasury securities.


A solid economy will pull in speculation from everywhere throughout the world because of the apparent well-being and the capacity to accomplish an adequate rate of the degree of profitability. Speculators dependable search out the most astounding yield that is unsurprising or "safe." Investment from abroad makes a solid capital record and a subsequent appeal for dollars.
Final answer:

Sterilized intervention to strengthen the dollar involves the Fed buying dollars to increase its value and simultaneously selling Treasury securities to prevent inflation.

Explanation:

To strengthen the dollar using sterilized intervention, the Federal Reserve (Fed) would buy dollars and simultaneously sell Treasury securities. Sterilized intervention involves two stages. In the first stage, the Fed purchases dollars in the foreign exchange market, which increases the demand for dollars, raising its value. Simultaneously, in the second stage, the Fed would sell Treasury securities in the open market to absorb the extra liquidity created by buying dollars, thereby preventing an increase in the money supply and inflation. This action would keep the interest rates stable while raising the value of the dollar.

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Coca-cola, gillette razors, and wrigley's gum are virtually selling the same product in other countries. this is an example of which type of international product strategy?

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Coca-cola, gillette razors, and wrigley's gum are virtually selling the same product in other countries. this is an example of which type of international product strategy?
product extension

Janice is a 48-year-old married woman who uses technology as a major source of information and shopping. she has a dvd drive on her computer and enjoys satellite radio, but would do more if she could afford it. to which technology segment does janice belong?

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Janice is a 48-year-old married woman who uses technology as a major source of information and shopping. She has a dvd drive on her computer and enjoys satellite radio, but would do more if she could afford it. Janice is an technology enthusiast, because she likes technology, enjoys using it and is interested in the latest advance in technology, 

Taylor product inc. distributed 100 million coupons in 2016. the coupons are redeemable for 30 cents each. taylor anticipates that 70% of the coupons will be redeemed. the coupons expire on december 31, 2017. there were 45 million coupons redeemed in 2016 and 30 million redeemed in 2017. what was general's coupon liability as of december 31, 2016?

Answers

Out of the 100 million coupons, 45 million were redeemed in 2016 at 30 cents each. Taylor expected to have 70% of them or 70 million redeemed by the expiry date on Dec. 31, 2017. On Dec. 31, 2016 they would only know of the 45 million redeemed so far and would depend on the projection for 2017 of the extra 25 million. So for the projected 25 million to redeem in 2017, the presumed liability of Taylor would be 25x$0.3=$7.5 million.

Craig commits fraud on his tax return. it is found that he was $40,000 deficient in his tax because of the fraud. what would his penalty be?

a. $30,000

b. $0

c. $40,000

d. $500

Answers

The criminal fraud tax penalty is 75% of the money deficiency attributable to the fraud. Since the fraud deficient committed by Craig amounts to $40,000, therefore the penalty is:

75% = 0.75

Penalty = 0.75 * $40,000

Penalty = $30,000

 

Answer:

A. $30,000

Ten percent of your grade for this assignment is based on your explanation of two basic principles of communication:

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The statement that ten percent of your grade for this assignment is based on your explanation of two basic principles of communication is false because the answer is based on the grading rubric of the week one assignment that was given.

Mark is an excellent cook. He does not have any formal training but learned to cook by following the recipes of several famous chefs and his mom. Every weekend, he invites friends over for dinner so he can try new dishes and get honest feedback from his friends. Mark wants to start his own restaurant someday because he thinks he would be successful and become wealthy. Which of Adam Smith’s ideas made Mark think of starting a restaurant?
invisible hand
self-interest
competition
laissez-faire

Answers

The answer is "self-interest".


Self-interest is characterized as being centered around yourself or putting yourself at leeway.  

An example of Self-interest is pondering your necessities over the requirements of others around you.  

Self-interest is when people settle on choices that are in their very own best advantage. Like when you choose to get up early in the day to go to work and profit, or when you pay the supermarket for sustenance that you might want to eat.

Answer:

Self-interest

Explanation:

This is 100% the right answer because I got this question on a test and this was correct.

~Please mark me brainliest :)

On a proportional basis, the largest part of combined state and local spending goes for
defense.
health.
roads.
education.

Answers

Taxfoundation.org explained that the State and local government spending goes to education and public safety.  Higher investment is put on education. Education has been the priority, it is was evident through the years and is manifested with the low tuition fees. In effect it made the students have lower loans.

You recently discovered that a junior admin deleted some of the srv records, which caused some users to have problems logging in. what is the best way to re-create the srv records?

Answers

The best way to re-create the SRV records that were deleted is by following the steps given below:

1. Click command prompt from the desktop

2. Type nltest/dsregdns and press enter

3. Go to DNS manager and click the Action tab and hit refresh button

In using reinforcement, a manager should _____. clearly communicate the desired behavior reward both desired and undesired behavior give all employees the same rewards to ensure fairness save rewards for weekly or monthly celebrations avoid using punishment

Answers

Reinforcement is a way of showing being able to establish a strong group or to strengthen them. In order for this to happen, the best way that the manager could promote this is by clearly communicating a desired behavior. By doing this, the manager could explain ideas and the goal of the group in order for them to do something about it and cooperate in a way that they will have a connection and bond in the group.

In using reinforcement, a manager should clearly communicate the desired behavior

The manager should inform the desired action. This is very important because it will allow the group to concentrate and know the desires of the manager. Communicating the desired behavior would also encourage teamwork.

Further Explanation

Managers can apply reinforcement theory to encourage the employees. Using this theory in dealing with employee improve the manager’s foresight to clearly understand the needs of the employees.

Reinforcement can be used to improve employee’s behavior. Managers can apply positive reinforcement when dealing with the workers either by giving them bonuses to achieve the purpose of a set goal or by increasing their wages to improves the values of an organization.

Positive reinforcement may be in the form of giving promotions, appraisals or assigning employees more challenging work towards meeting the desired goals of an organization.

The reinforcement theory has to do with changing a person’s behavior. The theory states that a person’s behavior can be changed by imposing a punishment or a reward.

A reward can be applied towards improving the kind of behavior you desired and punishment can as well be used to change undesired behavior.

The two major type of reinforcement include

Negative reinforcementPositive reinforcement.

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KEYWORDS:

reinforcementmanagerpositive reinforcementnegative reinforcementundesired behaviordesired behavior

At the start of this year 18 months rent was paid. At the year's end how will this affect the balance sheet

Answers

At the end of the year the item of the prepaid rent which included in the current assets would be decreased by 12 months rent of the year and would be shown the balance of 6 months rent for the coming year
The correct answer to your questions is "Assets will be decreased."

From disposable income, ___________________ (the c in the expenditures model used to calculate gdp) is subtracted to arrive at personal savings by all households within our economy

Answers

Personal Consumption Expenditure. It is the essential measure of shopper spending on merchandise and ventures in the U.S. economy. It represents around 66% of local last spending, and in this manner it is the essential motor that drives future monetary development.

If we want to construct a 95% confidence interval for the average battery life for smartphone c users that extends at most 2 hours on each side of the mean, how many users do we need to survey?

Answers

If we want to construct a 95% confidence level for the average battery life for smartphone c users that extends at most 2 hours on each of the means, we need to survey at most 706 users among 1000 total users. 

If elasticity of demand is 0.5, and the price is lowered from $20 to $19, by what percentage will quantity demanded rise?

Answers

To find the percentage of demand rise, the formula is 

Elasticity = (percentage change of demand/percentage change of price)

Elasticity is equal to 0.5. The percentage change of price is:
Percentage change of rise = (20-19)/20 * 100 = 5%
Then,

0.5 = Percentage change in demand/5%
Percentage change in demand = 2.5%

Is it reasonable to think that a constant growth stock could have g > rs? it is not reasonable for a firm to grow even for a short period of time at a rate higher than its required return?

Answers

No, it is not reasonable or logical for a firm to grow indefinitely at a rate higher than its required return. Such a theoretical stock would become so large that it would ultimately go beyond the whole economy. However for a very short period of time, the rate could possibly be higher than the required return especially when the firm is performing excellently.

 

How often do you rely on your time-management skills to meet deadlines?

Answers

Everytime, its a helpful skill especially throughout schools

Sessler manufacturers made two announcements concerning its common stock today. first, the company announced that the next annual dividend will be $1.55 a share. secondly, all dividends after that will increase by 1.5 percent for the foreseeable future. what is the maximum amount you should pay to purchase a share of this stock today if you require a 16 percent rate of return?

Answers

To solve this problem, let us recall that the formula for calculating the required present amount is:

P = D / (ROR – ROI)

where,

D = annual dividend per share = $1.55

ROR = rate of return = 0.16

ROI = rate of increase = 0.015

Calculating for the required amount, P:

P = $1.55 / (0.16 – 0.015)

P = $10.69

Therefore, you should pay around $10.70 to get a 16% rate of return.

If the consumer price index was 80 in 2004, 100 in 2005, and 110 in 2006, then the base year must be

Answers

2004 is the base year

On october 10, the stockholders’ equity of sherman systems appears as follows:

Answers

On October 10, the stockholders’ equity of Sherman systems appears as follows:

Common Stock ,$10 par value, 72,000 shares authorized, issued and outstanding = 720,000

Paid-in capital in excess of par value, common stock = 216,000

Retained earnings = 864,000

Total stockholders' equity = 1,800,000

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