why are different prices charged for different shoes? is the price based on the quality of the materials or something else?

Economics is the study of scarcity and its effects on the use of resources, the production of products and services, the growth of production and welfare through time, and a wide range of other complicated issues of essential significance to society.

A fundamental idea in economics is scarcity. When a good or service is in higher demand than it is readily available, it is said to be in excess of its capacity. Due of this, consumers, who ultimately drive the economy, may not have as many options as they would want.

Answer and justification The right response is b because there is a shortage of resources compared to the demand for them. The discrepancy between people's seemingly limitless needs and the economy's finite resources is known as scarcity, and it is considered to be an economic problem.

To Know more about Economics

https://brainly.com/question/14787713

#SPJ4

Business cycle variations are typically brought on by C. It turns out that there is either a higher or lower actual demand for goods and services than what businesses had anticipated.

Making money or raising capital through the creation, acquisition, and sale of goods is referred to as doing business (such as goods and services). "Any activity or enterprise performed for profit" is also covered. Since the business entity cannot be legally distinguished from the owner by the use of a business name, the owner of the business is accountable and liable for any promises made by the business. Variations in the business cycle are typically caused by C. The actual demand for goods and services is found to be either more or lower than what firms had anticipated.

Learn more about here Business:

https://brainly.com/question/15826604

#SPJ4

Allion practice the piano 126 minute in one week. He practiced at 18 minutes per day.

We have been given the total minutes of practice in one week and we have to find minutes per day.

We know that in a week, there are 7 days. So,

Number of minutes practiced in 7 days = 126

Number of days practiced in 1 day = 126/7

= 18 minutes per day

Finding the product of two or more numbers in mathematics is done by multiplying the numbers. It is one of the fundamental operations in mathematics that we perform on a daily basis. Multiplication tables are the main use that is obvious.

In mathematics, the repeated addition of one number in relation to another is represented by the multiplication of two numbers. These figures can be fractions, integers, whole numbers, natural numbers, etc. When m is multiplied by n, either m is added to itself 'n' times or the other way around.

To know more about piano practice rate:

https://brainly.com/question/28175100

#SPJ4

Karman's floral shop has profit $15.00 of per arrangement based on the information provided.

Option B is correct.

Production cost for 1 flower arrangement = $10.00

Shop is $25.00 per arrangement.

Let C be the production cost of the flower arrangement and S be the selling price.

So the profit P is

⇒ P = S - C

⇒ P = 25.00 - 10.00

⇒ P = $15.00

Therefore, the store's profit per arrangement is $15.00.

Profit indicates that you have more income than you spend. Gross profit shows that goods and services are sold above cost. Operating profit shows that we are profitable after paying non-interest expenses. Net income shows that you are making a profit after paying all expenses and taxes.

In a capitalist economy, profit plays an important role in incentivizing companies and entrepreneurs. For established firms, higher profit rewards encourage attempts to reduce costs and develop new products.When the industry is profitable, it encourages the entry of new firms.

Question is incomplete .Missing options are:

Karman's Floral Shop has determined that the cost of production for one floral arrangement is $10.00. The shop charges $25.00 per arrangement.

Based on the information that you have read about Karman's Floral Shop, what is the shop's profit per arrangement?

A. $10.00

B. $15.00

C. $25.00

D. $35.00

Learn more about profit:

brainly.com/question/29785281

#SPJ4

In order to represent a group, a lobbyist must register with the clerk of the House and the secretary of the Senate. They must also specify the sort of costs they are paid for as well as the amount of their pay or compensation. Additionally, they must submit quarterly financial accounts.

The process of lawfully attempting to influence the decisions, actions, or policies of public servants—most usually politicians or regulators—is known in politics as lobbying, persuasion, or interest representation. Lobbying, which often involves direct, face-to-face interaction, is done by a wide variety of people, associations, and organized groups, including individuals in the private sector, corporations, other legislators or government officials, or advocacy groups. Lobbyists, which refers to a voter or group of voters in their electoral district, can be considered constituents of a politician. One can make a living as a lobbyist as well. Professional lobbyists attempt to sway legislation, laws, or other decisions, acts, or policies of the government on behalf of the group or individual that hires them. Additionally, individuals and nonprofits

Learn more about lobbyist from

brainly.com/question/509906

#SPJ4

Revenue minus expenses equal profit (and there are other types of profit). The figure may be negative if the business experienced a loss. The income statement details earnings from sales and other sources (also known as the profit and loss statement).

Some businesses have such high markups and efficiencies that the gap between revenue and profit is negligible. A net profit of 2% or 3% is considered successful for other, more capital-intensive firms.

Expenses have already been subtracted from revenue, which is the main distinction. Revenue minus expenses equal profit (and there are other types of profit). The figure may be negative if the business experienced a loss.

The income statement details earnings from sales and other sources (also known as the profit and loss statement). Top-line revenue is listed first, followed by several categories of expenses, and finally net income.

To know more about profit:

https://brainly.com/question/1078746

#SPJ4

Command and Coordination describes leadership roles, processes, and recommended organizational structures for incident management at the operational and incident support levels and explains how these structures interact to manage incidents effectively and efficiently.

To learn more about NIMS refer to:

https://brainly.com/question/27872314

#SPJ4

Expected future income factors does not affect consumption. Expected future income does not directly affect current consumption. The answer is OPTION B.

Consumption decisions are generally based on current disposable income, which is the income available after taxes and other deductions. Disposable income directly influences how much individuals can spend on goods and services in the present.

While expected future income might influence saving behavior or long-term financial planning, it is not a direct determinant of immediate consumption choices. Factors like disposable income and credit availability play a more immediate and direct role in influencing consumption patterns.

To learn more about Expected future income, click here.

https://brainly.com/question/33653104

#SPJ2

The type of data being gathered and the type of analysis being done will determine the precise size of the sample required to accurately represent a population. In general, the sample size needs to be larger the larger the population.

With a 95% confidence level and a 10% confidence interval, a sample size of 196,000 is required for a population of 1 billion people.

Which sample sizes are required for populations of 10,000?

With a 95% confidence level and a 10% confidence interval, a sample size of 390 is required for a population of 10,000 people.

The sample size required for a population of 100 with a confidence interval of 10% and a 95% confidence level is 19.

Describe the impact of population size on sample size.

The relationship between population size and sample size is such that, for a given degree of confidence, a higher sample size is needed for a bigger population. This is due to the fact that a greater sample size is needed to effectively estimate the population's characteristics when the population is larger.

To know more about Data visit:

https://brainly.com/question/29961082

#SPJ4

If Andrea saves the same amount each paycheck,  she needs to save $90 from each paycheck to met her goal

Generally, To calculate the amount Andrea needs to save from each paycheck to reach her goal of $2,340 in a year, we need to divide her total savings goal by the number of paychecks she will receive in a year.

If Andrea is paid bi-weekly, she will receive 26 paychecks in a year (52 weeks / 2).

Therefore, she needs to save $90 from each paycheck ($2,340 / 26).

Read more about paycheck

https://brainly.com/question/13173586

#SPJ1

Egypt officially remained a part of the Ottoman Empire, but as Britain now practically controlled it, Egypt was colonized in 1882. Due to the obscurity of Britain's rule or protectorate over Egypt, this was known as the Veiled Protectorate.

The country went through severe poverty and a smothering of liberties during British empire, which started in Egypt in 1882. The khedives, Egypt's Ottoman kings, maintained a façade of native autonomy while the British troops seized control of the country's political and economic systems.

In order to safeguard their financial investments in Egypt, the British troops conquered the nation in 1882, which resulted in a bloody conflict. After winning, Britain created a "veiled protectorate" over Ottoman-Egypt up to the First World War, restoring the Khedival rule in Cairo.

To know more about imperialism: https://brainly.com/question/377688

#SPJ4

No, marginal profit and marginal revenue are not equal.

Marginal profit is the increase in total profit resulting from selling one more unit of a product. It is calculated by subtracting the variable cost of producing that unit from the additional revenue generated by selling it.

Marginal revenue, on the other hand, is the increase in total revenue resulting from selling one more unit of a product. It is the change in total revenue that results from a one-unit change in the quantity sold.

In a perfect competition market, the marginal revenue is equal to the price of the good, but in a monopolistic competition or oligopoly, the marginal revenue is less than the price of the good, due to the decrease in total revenue resulting from the decrease in the quantity sold.

Therefore, marginal profit can be equal to marginal revenue only when the variable cost is zero and the market is perfectly competitive. In any other case, the marginal profit will be less than the marginal revenue.

It's important to note that businesses aim to maximize profit, not revenue, and that the difference between marginal revenue and marginal profit is an important factor in determining the optimal output level for a business.

To know more about marginal revenue click below:

https://brainly.com/question/30183357#

#SPJ4

James bought $(2y² + 6). If y = 3, this amount is 18. He bought notebooks that each cost $(y² - 1). If y = 3, each notebook cost 8. The expression to find the number of notebooks James bought is 18 / 8 = 2.25.

Since James can only buy whole notebooks, he bought 2 notebooks. Therefore, if y = 3, James bought 2 notebooks.

To find the number of notebooks James bought in general, we can use the expression

18 / (y² - 1).

This expression will give us the number of notebooks James bought, depending on the value of y.

For example, if y = 2, the expression would be

18 / (2² - 1)

=6

Which equals 6. This expression can be used to find the number of notebooks James bought for any given value of y.

Learn more about expressions:

https://brainly.com/question/4344214

#SPJ4

A subsidy is a form of government financial assistance that is given to a particular industry or group of individuals.

The effect of a subsidy on a market depends on the specific details of the subsidy and the market in question. Generally, subsidies can have the following effects on a market:

It's worth noting that the subsidy can have different effects depending on the market structure.

Know more about the effect of a subsidy being placed on the market - https://brainly.com/question/28498445

#SPJ4

Economics is the study of how people and communities decide how to distribute limited resources, why they decide to do so, and the effects of their choices.

To know more about resources here

https://brainly.com/question/1290230

#SPJ4

A positive correlation exists when two variables operate in unison so that when one variable rises or falls, the other does the same.

To learn more about positive and negative correlational refer to;

https://brainly.com/question/29731240

#SPJ4

Toxin accumulation in your blood is known as uremia. It happens when your kidneys cease clearing toxins from your urine through filtration. End-stage renal (kidney) illness frequently manifests as uremia.

A high protein diet, Addison's disease, tissue injury (such as from severe burns), or gastrointestinal bleeding can all result in an elevated urea level. With abrupt (acute) renal disorders, which can be brought on by shock or extreme dehydration, high urea-to-creatinine ratios are common. Seizures, comas, cardiac arrests, and death are serious side effects of untreated uremia. Severe uremia can cause spontaneous bleeding, which can include GI bleeding, spontaneous subdural hematomas, increased bleeding from any underlying conditions, or bleeding brought on by trauma.

To learn more about uremia click the link below:

brainly.com/question/804751

#SPJ4

When the impacted activity, such as healthcare, public transit, or some other critical function, serves the public interest, an exculpatory clause is typically not enforceable.

A contract's exculpatory clause forbids one party from holding the other party accountable for the harm caused by the contract.

Exculpatory clauses are frequently included in purchases like those that come with a ticket to a theme park or a flight.

When an exculpatory clause seeks to bar purposeful wrongdoing or egregious negligence, it is typically unenforceable.

When the impacted activity, such as healthcare, public transit, or some other critical function, serves the public interest, an exculpatory clause is typically not enforceable.

Exculpatory clauses are often enforceable provided they are fair.

If they are absurd or unconscionable, they are not valid.

Therefore, when the impacted activity, such as healthcare, public transit, or some other critical function, serves the public interest, an exculpatory clause is typically not enforceable.

Know more about an exculpatory clause here:

https://brainly.com/question/14015433

#SPJ4

Complete question:

An exculpatory clause is generally unenforceable when it attempts to exclude an intentional tort or gross negligence. An exculpatory clause is usually unenforceable when ______.

In a universal life insurance policy, a partial surrender is permitted. This reduces the cash value of the insurance coverage and is not a loan. A policy with a $100,000 face value was bought by Angelina.

You can access the money from a cash value life insurance policy while you're still living, which is one of its advantages. You can withdraw money from cash value in a number of ways, including by surrendering the insurance for a flat sum. Here is how a life insurance policy is surrendered and when it makes sense to do so.

A partial surrender enables you to access some cash right away while retaining the advantages of the annuity's tax-deferred growth. It does this by withdrawing only a portion of your contract value. You can reduce the amount of surrender fees you have to pay by making a partial surrender.

To Know more about Universal life.

https://brainly.com/question/8782749

#SPJ4

The factors that directly affect their profit are an increase in cost of farm equipment and an increase in customers at market.

The term "profit" refers to the monetary gain realized when the income from a commercial operation outweighs the expenses, charges, and taxes related to operating that enterprise. The proprietors of the business get any profits made and have the option of keeping them for personal use, paying dividends to shareholders, or reinvesting them back into the business. Profit is the amount that a company keeps after all expenses have been paid. Making money is the primary goal of every business, whether it is a tiny lemonade stand or a publicly traded multinational corporation. As a result, the profitability of a firm in all of its forms serves as a barometer for its performance. Some analysts are more interested in profitability before taxes and other expenses than others are in top-line profitability.

To learn about profit, visit:

https://brainly.com/question/15699405

#SPJ4

Unit versatile request is alluded to as a request in which any alter within the cost of a great leads to an similarly relative alter in amount requested.

In other words, the unit versatile request infers that the rate alter in amount requested is precisely the same as the rate alter in price.

When the cost versatility coefficient is break even with to 1 the rate alter in amount requested is?

If the flexibility coefficient is rise to to one, request is unitarily flexible as appeared in Figure 3. For illustration, a 10% amount alter partitioned by a 10% cost alter is one. This implies that a 1% alter in amount happens for each 1% alter in cost.

To learn more about Unit versatile here:

https://brainly.com/question/26285269

#SPJ4

They gain an understanding of the practical applications of decimal numbers, such as taking someone's temperature with a thermometer and capturing and recording exact measurements.

A discount is a reduction in the regular retail price of a good or service, either in terms of money or as a percentage. For instance, a product may be discounted by $10 from its list price or by 10% from its list price.

A dollar amount or a percentage deducted from an item's typical selling price is referred to as a discount.. Make sure you need all of the items you plan to get before waiting until after the holidays to make a purchase. The word

To know more about discount visit:

https://brainly.com/question/15104309

#SPJ4

Tammy frequently under reported the cash amounts reported to audit committee.

The audit committee of a board of directors is charged with monitoring the financial reporting procedure, selecting the independent auditor, and receiving the findings of both internal and external audits. The committee's chairperson is chosen from among the committee members, and the committee's members are chosen from the corporation's board of directors. A qualified audit committee is necessary for a publicly traded U.S. company to be listed on stock market. Typically, audit committees are given the power to engage the consultants and experts they feel necessary to do their job. The Sarbanes-Oxley Act of 2002 has had a significant impact on audit committees, and those changes are still being felt today. The oversight of risk management and regulatory compliance is also the responsibility of numerous audit committees.

To learn about audit committee, visit:

https://brainly.com/question/28021964

#SPJ4

Valid between the grantor and grantee but not valid against recorded claims of a subsequent purchaser who records the deed without having actual notice of any unrecorded interests.

A deed often gets recorded at the county clerk's office where the asset is located and transfers ownership to the new owner. Because recording gives the general public constructive notice of the buyer's ownership, it serves to safeguard title and ownership. A deed is typically handed over at closing in real estate transactions.

A home's ownership deed serves as an illustration. The holder of the deed is constrained by the terms of home ownership even though the freedom inherent in the deed permits him to do various acts regarding the house.

To know more about Deed visit:

https://brainly.com/question/17214313

#SPJ4

What makes Burlington Coat Factory appealing to you as a job? and What future plans do you have? are a few illustrations of typical Burlington interview inquiries.

With more than 1,000 stores throughout 40 states and Puerto Rico, Burlington, formerly known as Burlington Coat Factory, is a nationwide off-price department store retailer in the United States. Its corporate headquarters are in Burlington Township, New Jersey.

Tom Kingsbury was appointed president and CEO in 2008 after it was acquired by Bain Capital in a deal in 2007. 2013 was the company's second IPO.

After TJX Companies and Ross Stores, Burlington is the third-largest off-price retailer. Since 1946, Abe Milstein and Monroe Milstein have co-owned a prosperous wholesale and retail outerwear company.

Learn more about the Burlington Coat Factory with the help of the given link:

brainly.com/question/28315938

#SPJ4

The negative aspects of a market economy encompass monopolies, no government intervention, terrible working conditions, and unemployment.

There are some risks also related with a market system. Unsupervised management should end result in a loss of profit. Demerit items and serviced will be on hand to the consumers. Prices may want to expand accordingly causing demand to fall.

Monopoly power. Private possession of capital permits companies to achieve monopoly energy in product and labour markets.

Market economies have a tendency to produce inferior items and services. It harms the environment.

Learn more about  market economy here:

A company's external sources of new product ideas include its managers.

A group of people can come together to legally form a corporation to do business and run a commercial or industrial venture. Depending on its jurisdiction's corporate legislation, a corporation may be set up in a variety of ways for tax and financial liability reasons.

Many of the same legal rights and obligations that apply to individuals also apply to businesses. They have legal authority to make agreements, lend and borrow money, file lawsuits, hire staff, possess property, and pay taxes. A company may be referred to as a "legal person" by some.

To know more about Company visit:

https://brainly.com/question/29354835

#SPJ4

The economic factors that most affect the demand for consumer goods are employment, wages, prices/inflation, interest rates, and consumer confidence.

Demand is just a consumer's desire to purchase products and services without hesitation and pay the price for them. Simply said, demand is the number of things that customers are ready and willing to purchase at various prices over a certain time period. The fundamentals of demand are preferences and choices, which can be expressed in terms of cost, benefits, profit, and other variables. The quantity of items selected by customers is modestly determined by the cost of the commodity, the cost of other commodities, the customer's money, and his or her tastes and predilection. The amount of a commodity that a client is willing to buy, is able to manage and afford at the given prices of goods, and the customer's preferences.

To know more about demand visit:

brainly.com/question/4358080

#SPJ4

Making decisions is influenced by several variables. Previous events, cognitive distortions, age and character variations, a feeling of personal importance, and a rise in devotion are some of these influences.

Determining a decision, collecting data, and weighing alternative approaches are all steps in the choice process. You may make more careful, deliberate judgments by organizing key information and identifying alternatives by following a step-by-step choice process.

It entails making a decision between viable solutions for a problem using an instinctive (gut feeling), a reasoned approach (facts and numbers), or a mix of the two. Whether they are made at the individual or company level, these choices must be able to be put into practice.

To know more about decision visit:

https://brainly.com/question/13556730

#SPJ1