You stop by a crafts fair and you notice consumers haggling with vendors over prices. What does this tell you about the competitiveness of this market? Suppose you plan to go to a farmers’ market next. Do you expect to find more or less haggling at this market than you did at the crafts fair? Why?
compare and contrast these markets to a non-standardized market where consumers do not perceive sellers as all being the same. Provide an example of a non-standardized market.
In: Economics
The non-binding price floor is the minimum legal price at which a good can be sold ______ the equilibrium price and the non-binding price ceiling is the maximum legal price at which a good can be sold _____ the equilibrium price.
Below: Below
Above: Below
Above: Above
Below: Above
If demand is ________, total revenue stays the same regardless of change in price because total revenue reaches its __________.
Elastic: Maximum
Inelastic: Minimum
Unit-elastic: Maximum
Unit-elastic: Minimum
In: Economics
The following data is from a survey that was conducted in both 1996 and 2001. Did the rates of smoking differ from 1996 to 2001? *Smokers are defined as those who smoke every day. State the Null and Alternative hypothesis. If possible, USING EXCEL, run a CHI square test.
| 1996 | 2001 | |||||
| Grade | Smokers* | Non smokers | Smokers* | Non smokers | ||
| 8th | 1,101 | 13,566 | 815 | 13,852 | ||
| 10th | 2,107 | 12,560 | 1,833 | 12,834 | ||
| 12th | 3,187 | 11,479 | 2,932 | 11,734 | ||
In: Statistics and Probability
25 players were asked about their salary. They were classified into pitchers and non-pitchers and the following results were obtained: 14 launchers with sample mean of 4,296,106 and sample standard deviation of 4,434,937. 11 non-pitchers with sample mean of 4,167,579 and sample standard deviation of 4,484,641. Assume that the population deviations are the same. Considering a significance level of 0.05, what can be concluded (using p-value)? And mention the type of error that is being made. Construct a confidence interval for the difference in wages of 95%
In: Statistics and Probability
A bug of a known mass m stands at a distance d from the axis of a non-uniform spinning disk with radius r and unknown rotational inertia I that is rotating at fi revolutions per second. After the bug walks out to the edge of the disk and stands there, the disk rotates at ff revolutions per second.
a. Determine the rotational inertia of the non-uniform disk.
b. Determine the change of kinetic energy in going from the initial to the final situation for the total bug-disk system.
In: Physics
The death rate per 100,000 for lung cancer is 7 among non-smokers and 71 among smokers. The death rate per 100,000 for coronary thrombosis is 422 among non-smokers and 599 among smokers. The prevalence of smoking in the population is 55%.
a. What is the etiologic fraction of disease due to smoking among individuals with lung cancer? 0.90 for lung cancer and 0.29 for coronary thrombosis.
b. What is the etiologic fraction of disease due to smoking among individuals with coronary thrombosis?
In: Statistics and Probability
Understanding the difference between a cash taxable allowance, a cash taxable benefit and a non-cash taxable benefit is critical when explaining the calculation of net pay to an employee. In your own words, explain whether each allowance and benefit is or is not subject to Canada/Québec Pension Plan (C/QPP) contributions, Employment Insurance (EI) premiums, Québec Parental Insurance Plan premiums and income tax. Provide an example of a cash taxable allowance, a cash taxable benefit and a non-cash taxable benefit.
In: Accounting
Refering to the resource entitled: Affirmative Care for Transgender and Gender Non-Conforming People" what current challeneges do transgender and gender non-conforming individuals face when dealing with health or human services? What are some guidelines set forth by the National LGBT Health Education Center (authors of this resource) that can aid health or human services providers in creating an inclusive environment for those who have transitioned their gender or are outside of the traditional genders of men and women?
In: Psychology
PRODUCT QUALITY LEADERSHIP – is where a company aims to provide the best quality product in the market, and therefore charges more than its competitors. These companies are usually market leaders. Pricing objectives for particular products or services can also vary according to the stage in the product life cycle.
Identify a non-tech brand that appears to follow the product-quality leadership pricing objective. Support your selection
Please choose ONE non-tech brand company and answer in paragraph form.
In: Operations Management
In 2018, XYZ Inc. had sales of $36 million, costs of goods sold of $15 million, Sales, General and Administrative (SG&A) expenses of $6 million, Depreciation expenses of $4 million, Interest expenses of $800,000, Average Tax Rate of 17%, total debt of $15 million, and total assets of $31 million. What was XYZ Inc.'s Profit Margin as of 2018?
In: Finance