Read the scenario below and then answer the question. Sample scenario: Scientists have created a new grass seed that stops grass growth at a specific length, eliminating the need to mow the lawn. The price of this seed is high, but many consumers still want to use it. As a result, several different producers supply a large amount of this seed to consumers. In order to attract consumers to their product, some producers lower their prices and supply fewer bags of seeds. What is the best description of the grass seed that is described in this scenario

Answers

Answer 1

Answer: a good with an elastic supply

Explanation:

Price elasticity of supply simply refers to how the changes in market price of a good bring about a responsiveness to the supply of such good.

Based on the information given, the best description of the grass seed that is described in this scenario is that it's a good that has an elastic supply. This is because the price of the good in thus case, is sensitive to the changes in the price.

Answer 2

Answer:

It's a good with an elastic supply

Explanation:

edge 2021


Related Questions

Promotion to consumers is called

Answers

Sales promotion

Sale promotion targeted at retailers and wholesale are called trade sale promotion

ESTIONS
Discuss FOUR phases of business cycle in detail​

Answers

Answer:

The answer is below

Explanation

1. Expansion: this is a period in which business is growing at a considerable rate. Such as an increase in production and sales

2. peak: this is a period in which production and prices increase beyond the normal level. This shows there is no longer room for increment.

3. contraction: this is a period in a business cycle in which the productions and sales began to fall due to low patronage and a bad economy.

4. Trout: this is a peak period in which business models lost their values in terms of production and sales. At this point, it is believed that the business cannot get worse.

IZSA
11. Laser Research, Inc., is sending their five-person research team to a three-day conference to
learn a new automated lab procedure. One researcher earns $336 daily, two earn $360 daily.
and two earn $390 daily. What will the three-day conference cost Laser Research, Ine, in
lost productivity for the five researchers?

Answers

Answer:

The three-day conference will cost Laser Research, Inc. $ 5,508 in lost productivity.

Explanation:

Given that Laser Research, Inc., is sending their five-person research team to a three-day conference to learn a new automated lab procedure, and one researcher earns $ 336 daily, two earn $ 360 daily and two earn $ 390 daily, to determine what will the three-day conference cost Laser Research, Inc, in lost productivity for the five researchers, the following calculation should be performed:

336 x 3 + 360 x 2 x 3 + 390 x 2 x 3 = X

1,008 + 720 x 3 + 780 x 3 = X

1,008 + 2,160 + 2,340 = X

5.508 = X

Thus, the three-day conference will cost Laser Research, Inc. $ 5,508 in lost productivity.

In 1994, president Clinton said the new trade agreements would create a market for American products in China. What happened to the American companies after opening trade with China?

Answers

Answer:

- US retailers costs decreased and their profits increased

- US suppliers moved production to China and sell to America

Explanation:

In the year 1994, the diplomatic relation between the United States and the People's Republic of China strengthened and they reestablished their positions. They then signed a bilateral trade agreement  which opened the markets of China for the American products.

But things turned out differently as they were envisaged in the Chinese markets. The American' trade did not lived up to the expectations in the Chinese markets. China was a tough market for small and medium sized companies of America. The retailers of the US decreased in costs and the China's profit increased. Also the suppliers of he US moved to the production of China and they in turn sell to the American market.

Many consumers feel skepticism towards salespeople.

True
False

Answers

Answer:

true

Explanation:

Which information would best be displayed using a two-variable data table?
A. monthly payments on two different loans with different interest rates and monthly payments
B. monthly payments on a loan if the interest rate changes at least every two years
C. monthly payments on two different loans if the number of monthly payments are different
D. monthly payments on a loan if the interest rate and number of monthly payments change

Answers

Answer:

A. monthly payments on two different loans with different interest rates and monthly payments

Explanation:

The correct option is - A. monthly payments on two different loans with different interest rates and monthly payments

Reason -

A two-variable data table shows how various combinations of 2 sets of variable values affect the formula result.

In other words, it shows how changing two input values of the same formula changes the output.

Two-variable data table is best suited in situations when you want to see how the final result changes when two of the input variables change simultaneously.

In the given question ,

The output is loan and the input variables are interest rates and monthly payment.

So,

The suitable option is - A. monthly payments on two different loans with different interest rates and monthly payments

Jane contributed property with a basis of $40,000 and a value of $50,000 to the JO Partnership in exchange for a 20% interest in partnership capital and profits. During the first year of partnership operations, JO had net taxable income of $30,000 and tax-exempt interest income of $10,000. The partnership distributed $10,000 cash to Jane. On January 1 of year 2, Jane sells her partnership interest for $49,000. What is Jane's gain or loss on the sale

Answers

Answer:

$11,000 gain.

Explanation:

Calculation to determine Jane's gain or loss on the sale

First step is to calculate her basis

Basis=$40,000 + [20% × ($30,000 + $10,000)] - $10,000

Basis=$40,000+$8,000-$10,000

Basis =$38,000

Now let calculate Jane's gain or loss on the sale

Gain or loss on the sale =Selling price of $49,000 - basis of $38,000

Gain or loss on the sale = $11,000 gain.

Therefore Jane's gain or loss on the sale will be $11,000 gain

What could be some volunteer opportunities for an interior decorating job? Someone pls helppp

Answers

U should start tixtok and promote urself first. U can also make a website and attach all ur files. The website can be ur portfolio. Start offering ur service for free to gain experience and trust of ppl. Tell ur friends to recommend u to someone who needs interior designer. Try to research if there are any volunteering jobs for interior designers in ur area.

A proper greeting is essential to which part of the sales process?

A. qualifying leads

B. assessing needs

C. collaborating

D. establishing rapport

Answers

I’m not sure but maybe c

Which of the following aspects of the sales process is most likely to make or break a sale?

A. generating leads

B. qualifying leads

C. establishing rapport

D. assessing needs

Answers

I think it’s c as in cat

Can I please get help with this???? I’m not sure if the two are right or not. Please help me!!!!

Answers

Answer:

I think the two you have are correct the second one is Chain restaurants i think

third one Franchise restaurants fourth one One location restaurants

Explanation:

by wr
workbook:
1.1 Assets minus Owner's Equity
A. Current liabilities
B. Capital
C. Liabilities
D. Current assets​

Answers

Answer:

C. Liabilities

Explanation:

Financial accounting can be defined as the field of accounting involving specific processes such as recording, summarizing, analysis and reporting of financial transactions with respect to business operations over a specific period of time.

Owner's equity is simply what a person owns outrightly and it is also referred to as net worth. It ​can be defined as the value of financial and non-financial assets owned by a person minus the total outstanding liabilities or debts of that person. Simply stated, owner's equity refers to the difference between the amount a person own (asset) and the amount owed (liability).

Mathematically, net worth is given by the formula;

[tex] Owner's \; equity = Total \; assets - Total \; liabilities[/tex]

Making liabilities the subject of formula, we have;

[tex] Total \; liabilities = Total \; assets - Owner's \; equity [/tex]

In Financial accounting, liability can be defined as the amount of money being owed by an individual or organization to another.

Simply stated, liability is a debt being owed and as such it usually has "payable" in its account title on the balance sheet.

Generally, liabilities are recorded on the right side of the balance sheet and it comprises of financial informations such as warranties, bonds, loans, deferred revenues, mortgages, account payable etc.

Hence, Assets minus Owner's Equity is equal to Liabilities.

What is another name for administrative law?

Answers

Answer:

Regulatory law

Explanation:

Administrative law is an arm of public law and is also known as “regulatory law.”

When does a salesperson generally move in to close a deal?

A. after establishing rapport

B. after qualifying the lead

C. after answering objections

D. after delivering the sales pitch

Answers

After answering objections
So C.

why is it important to start with temporary investments that lead to permanent investments

Answers

These investments are commonly used when a business has a short-term excess of funds on which it wants to earn interest, but which will be needed to fund operations within the near future. These types of investments are usually very safe, but also have quite a low rate of return.

Which statement best explains why the United States grew into a world
economic power in the 20th century?
O A. The United States prevented other countries from abandoning the
gold standard.
O B. The United States increased its participation in international trade.
C. The United States put effective trade barriers in place to limit trade
with other nations.
D. The United States stayed out of major world wars and instead
made economic investments.

Answers

Answer:

B. The United States increased its participation in international trade.

Explanation:

The correct option is - B. The United States increased its participation in international trade.

Aleisha wants to buy a condominium. She has the choice of buying it now or renting it with the option to buy at the end of 4 years. If she rents now, she must pay a deposit of $1,500 and pay rent of $865 per month. If she buys, she would need closing costs and her mortgage payment would be $844 a month for 4 years. How much would her closing costs need to be in order for the cost to buy to be the same as the cost to rent

Answers

Answer:correct option is b. $2,508Step-by-step explanation:given datafor rent deposit = $1,500rent = $865 per monthtime = 4 yearmortgage payment = $844to find outHow much would her closing costs need to order for the cost to buy to same as cost to rentsolutionfirst we get here Total payment by monthly payment for 4 year rent isTotal payment = $865 × 4 year × 12 monthsTotal payment for rent = $41520and so the total amount pay in rent istotal amount pay in rent = Amount deposited + Total payment   ..............1total amount pay in rent = $1500 + $41520total amount pay in rent = $43020andnow we get total payment by monthly payment for 4 year when buytotal payment =  $844 × 4 year × 12 monthstotal payment for buy = $40512and now we consider here closing costs for buying =  xsototal amount pay in buy = total payment + closing costs   ..............2total amount pay in buy = $40512 + xso here cost to buy to be same as cost to rent so$40512 + x = $43020x = $2508so here closing costs will be $2508so correct option is b. $2,508:

SpandoCorp is a diversified firm that makes industrial, military and consumer products from Spandex. SpandoCorp manages each of the businesses that it operates in as a separate division and treats each as a true profit-and-loss center. In this organization, Grace McKenna is responsible for deciding which set of businesses SpandoCorp will operate in and for encouraging behavior that is consistent with this strategy, Wells Tucker provides information to McKenna about the internal and external environments that she uses in her decision making, and Kelly Rae is one of the individuals who is responsible for evaluating the firm's decision making to ensure that it is consistent with the interests if equity holders.

Which organizational structure is SpandoCorp using?

Answers

Answer: M-Form or multi-dimensional structure.

Explanation:

Based on the information given, the organizational structure thatt SpandoCorp is using a M-Form structure.

A multidivisional or M-Form structure, is a structure whereby there's one parent company which is made up of several divisions that each operate separate businesses.

Even though all the divisions are owned by the parent company, the divisions are allowed to act independently.

1. How does competition affect the prices that airlines charge for fares?

2. How does a lack of competition affect the prices that the train company charges for fares?

Answers

Explanation:

Different routes of the same distance cost different amounts generally not because they cost different amounts to operate, but because of how much the competitors are charging. ... In all, the truth is that prices reflect what people will pay and so people will pay what flights are priced.I don't really know this part tho...

Which stage of new product development would you be most interested in participating in? Explain.

Answers

Answer:

prototyping

Explanation: Because with this stage you will be able to see rough draft of the product and you will be able to the strongest and weakest parts of your project. Prototyping makes it possible to concertize an idea and to understand which aspects of the idea prove difficult or impossible to implement. Making a prototype can thus highlight unanticipated physical, technical or financial constraints.

Which of the following laws limits the hours and types of duties in which teens can work​

Answers

Fair Labor Standards Act

Alex

Info:

| 22 yrs old; pre-tax income

= $35,000; $0 savings;

saves $200/month

How much will

they need to

retire at age 67?

Answers

Answer:

hello your question lacks some vital information hence I will make valid assumptions to aid the solution

answer : $583333.33

Explanation:

22 yrs old

pre tax income = $35,000 per year

savings = $200/month

Determine how much you will need to retire at 67

lets assume : Interest rate = 6% per annum

annual withdrawable amount per year after retirement = $35,000

∴ amount to be saved up by 67 years = 35,000 / 6% = $583333.33

hence amount needed to retire at age 67

target amount = $583,333.33

interest rate = 6%

number of years = 67 - 22 = 45

savings per year needed = 583,333.33 / 45 = $12962.96

Note : saving $200 per month would not give the required amount needed to retire at age 67

The required monthly savings =  12962.96 / 12 = $1080.25

You borrow money on a self liquidating installment loan (equal payments at the end of each year, each payment is part principal part interest) Loan amount $279,000 Interest Rate 12% Life 64 years Date of Loan January 1, 2021 Use the installment method - not straight line Do NOT round any interrmediate numbers. Do NOT turn this into a monthly problem. Do NOT put in minus signs, answer all positive numbers. Required: 1. What is the annual payment (round to the nearest $)? $ 2. What are the total interest payments (round to the nearest $)? $ 3. After 28 payments have been made, what percentage of the total interest has been paid (round to the nearest percentage point)? % 4. After 28 payments have been made, what percentage of the total principal has been paid (round to the nearest percentage point)? % Redo the problem if the interest rate is 1% (for a well designed spreadsheet this should take 30 seconds) Required: 5. What is the annual payment (round to the nearest $)? $ 6. What are the total interest payments (round to the nearest $)? $ 7. After 28 payments have been made, what percentage of the total interest has been paid (round to the nearest percentage point)? % 8. After 28 payments have been made, what percentage of the total principal has been paid (round to the nearest percentage point)? %

Answers

Answer:

it to long to read sorry  what is it about now now

Explanation: ask someone else

B. A customer sees a house they want, but it's not for sale because it's owned by someone else. How would you go about approaching the current home owner about possibly selling their home to your buyer?

Answers

Answer:

conditional offer is an agreement between two parties that an offer will be made if a specific condition is met. Conditional offers are used in real estate transactions whereby a buyer's offer on a home is contingent on something getting done for the purchase to go through

From a consumer’s perspective, what are the advantages and disadvantages of personal selling? Explain.

Answers

In the customer level, personal purchases are helpful because you know next or nothing whatsoever about what you want, other than when you purchase a vehicle and need guidance about items such as forms and prices. However when you felt like you're really there to offer your cash, it can be disappointing on the part of the customer, not to really get anything out of the deal.

1. Which of the following BEST defines a down payment?
1. A down payment is a portion of the purchase price that increases the loan amount.
2. The down payment is the good faith escrow deposit.
3. A down payment is a portion of the purchase price that reduces the loan amount.
4. The down payment is the total amount borrowed for purchasing or leasing a car.

Answers

Answer:

3

Explanation:

It has to be this one because it is intial payment to help someone.

Here are 50 points have a good day or night, hope this helps u out :)

Answers

hi there!

thank you so much, are you sure you dont have any question(s) that i could help you with? because i would be more then happy to help! :)

i hope you have a great rest of your day <3

you are such a good person thank you!

2. The owner of a franchise benefits from brand name recognition, access to professional
and nationwide advertising.

Answers

Answer:

True

Explanation:

It is TRUE that the owner of a franchise benefits from brand name recognition, access to professional and nationwide advertising.

This is because the owner of a franchise has various advantages. The advantages include enhanced reputation which covers all the places there is a franchise.

Then there is an increase in management techniques and work practices, including access to national advertising to cover many places and continuous support.

helppppp due in 1 minute!!!!
A bush pilot was asked to fly the perimeter of a state park to look for black bears. The state park is a rectangular shape 20 miles wide and 32 miles long. What is the perimeter of the state park?
A 52 miles
B 104 miles
C 320 miles
D 640 miles

Answers

B
2(32+20)
= 104
hope this helps

Answer:

It is B

Explanation:

20x2 + 32x2 = 104

Which is B

Hope this helped :)

Help me please.. there is no option on here for Human Resources principals, so I jus clicked business as the subject..

Answers

Answer:

it is c issue-based-model

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Balance C12H22011 C + H2 Scientists analyzed data collected over a period of years in a game reserve in South Africa to test the hypothesis that competition with lions limits the abundance of leopards in the same community. The game reserve encompasses a variety of habitats, from open grassland to wooded areas around rivers and streams. It contains most of the indigenous mammal species and an adequate availability of their prey. For the most part, the leopards and lions show similar habitat preferences in the reserve.The mass of the average lion is about three times that of the average leopard. 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