what is the significance of price elasticity of demand to a producer​

Answers

Answer 1

Answer:

See the explanation below

Explanation:

Significance of price elasticity of producers:

useful in pricing decisionswhen demand is elastic, firms have to reduce their price to earn more revenuewhen demand is inelastic firms need to raise prices to earn more revenue

Related Questions

Marketing communications program are money spent on advertising does not necessarily have an instant impact on sales but can influence viewers to buy the advertised product at a later time. This phenomenon is called the

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The carryover is the name for this occurrence. Any form of study where subjects are examined more than once may be biased by this so-called carryover effect.

What exactly does "carryover" mean?

The transfer of undesired substance through one container or combination to another is referred to as the "carryover effect" in clinical chemistry. It describes how one sample affects subsequent ones. It could come from the washing media, a chemical, or even a sample. If a treatment's effects last even after it is stopped, the reaction to a subsequent treatment may very possibly be partially influenced by the first.

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If a revenue in total for a month was $9,550, fixed expenses were $9,000 and variable expenses were $300 what would be the total profit/loss for the month?

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Answer:

the answer would be 250

because 9,000-9,550 = 550 -300= 230

Each type of genre consists of the following characteristics. , , and .
A-characters, plot, setting
B-plot, aesthetics, setting
C-characters, plot, aesthetic
D-characters, aesthetics, setting

Answers

Answer:

imma go with C hope this helps

Answer:

A

Explanation:

complete the table below by selecting the changes in each scenario that are necessary to increase short-run aggregate supply.

Answers

To increase short-run aggregate supply, the changes necessary for each scenario are as follows:

- Increase in Input Price

- Increase in the Money Supply

- Increase in Technology

-  Increase in Number of Firms

Scenario 1: Increase in Input Prices - Decrease in production, decrease in quantity supplied.Scenario 2: Increase in the Money Supply - Increase in investment, increase in production, and increase in quantity supplied.  Scenario 3: Increase in Technology - Increase in production, increase in quantity supplied.  Scenario 4: Increase in Number of Firms - Increase in competition, increase in production, and increase in quantity supplied.

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9. when buying a product online,
a. only use debit cards for increased protection.
b. call the seller to see if they will give you a cash discount.
c. use a credit card or charge card for increased protection.
d. send the seller a check because someone could steal your credit card number,

Answers

The recommended option when buying a product online is to use a credit card or charge card for increased protection. So, the correct answer is (c). Credit cards and charge cards offer more security features and fraud protection, which can help keep your financial information safe during online transactions.

When buying a product online, it is important to use a:

When buying a product online, it is important to use a credit card or charge card for increased protection. This is because these payment methods offer fraud protection and dispute resolution options in case of any issues with the transaction.

It is not recommended to use a debit card as it may not offer the same level of protection. It is also not advisable to send the seller a check as there is a risk of it being lost or stolen in transit. It is not common for sellers to offer cash discounts, and if they do, it is important to verify their legitimacy before making any payments.

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Explain the concept of market and market identification.
Identify communications channels used in sales promotion.
Explain types of advertising media.
Describe effective advertising layouts.
Write copy for advertisements.

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Copywriting for advertisements should be concise and to the point, utilize descriptive language, use active voice, include an attention-grabbing headline, and provide a clear call-to-action.

What is Copywriting?

Copywriting is the practice of crafting words and phrases in order to create promotional materials that are designed to sell products or services. It requires a great deal of creativity and an ability to write in an engaging and persuasive manner. Copywriting involves researching, understanding the target audience, creating attention-grabbing headlines and crafting persuasive copy to persuade readers to take action. It is an essential part of the marketing process and can be used to effectively reach potential customers and increase sales. Copywriters use a variety of techniques to create effective copy, such as using powerful words, creating vivid imagery, and making use of persuasive language. Copywriters must be able to understand the needs of their target audience, create compelling headlines and body copy, and be able to effectively target the right people. In addition, copywriters must be able to measure the success of their copy and make adjustments based on the results.

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stories told about an organization’s past accomplishments and heroes such as company founders are all part of what is called the __________ culture.

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Stories told about an organization's past accomplishments and heroes, such as company founders, are all part of what is called the "corporate" culture.

Corporate culture refers to the shared values, beliefs, and practices that shape the behavior of individuals within an organization. It plays a vital role in the success of the organization, as it influences the overall work environment and employee morale.

Organization's past accomplishments contribute to the development of corporate culture by providing a sense of pride and motivation for employees. These stories can serve as an inspiration for employees to strive for success, as they see the achievements and values that the company has upheld in the past.

Heroes, such as company founders, also play a significant role in shaping corporate culture. They often serve as role models for employees, showcasing the qualities and characteristics that the organization values.

By sharing their stories, employees can gain a better understanding of the company's core values and expectations, leading to improved performance and stronger alignment with the organization's goals.

In conclusion, an organization's past accomplishments and heroes are essential components of its corporate culture. They serve to inspire and motivate employees while providing a foundation for the values and behaviors expected within the organization.

Understanding and embracing this culture can lead to increased employee engagement, better performance, and overall organizational success.

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Although today’s Modern economy looks much different compared to our earlier Colonial and Civil War-era economies, what similarities do you still see in terms of trade partners, use of environmental resources, government regulation, and type of goods/products sold?

Answers

The correct answer to this open question is the following.

Although there are no options attached we can say the following.

Although today’s Modern economy looks much different compared to our earlier Colonial and Civil War-era economies, the similarities I still see in terms of trade partners, use of environmental resources, government regulation, and type of goods/products sold are the following.

Businesses are still business no matter the time in history. They are created to make profits.

Businessmen are greedy most of the time, like in the past. Any other consideration that does not directly affect the balance sheet or the bottom line, is not considered a priority and takes the back seat when business decisions are made.

This can be shown in politics, in the economy, and in business. Of course, this can be seen in trade and in foreign affairs.

Social costs should be important but are more on the side of the ethics of the managers or leaders of the organizations. And ethics and moral values are not a prominent thing to be considered in the decision-making process of modern corporations.

To this day, businesses are driven by money, power, and control, and these have been teh causes of major differences between companies, states, individuals, and countries.

What is the purpose of Journals in the accounting cycle?
A. Provide proof of all transactions
B. Record transactions for a business
C. Determines if credits and debits are equal
D. Records transactions in accounts

Answers

Answer:

b. record transactions for business

Explanation:

A journal is a detailed account that records all the financial transactions of a business, to be used for the future reconciling of accounts and the transfer of information to other official accounting records, such as the general ledger.

unless otherwise agreed, an agent making a contract for an unidentified principal is not a party to the contract.

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A principal whose name is unknown but whose presence is known is an undisclosed principal. A representative who signs a document on behalf of a negligent principal may be held personally accountable for that document. A principal-employer is held vicariously accountable for an agent-unlawful employee's actions.

undisclosed principal

Both the  undisclosed principal and the agent  are responsible for such transactions. An unnamed or partially revealed principal is one for whom the other party to a transaction is aware only that the agent may be working on behalf of that person, but not the identity of that principal.

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(PLEASE HELP) Why might someone choose to own a business rather than simply working as an employee at one? Compare and contrast the advantages and disadvantages that come with owning a business and discuss. Explore why you personally would or would not like to own a business one day.

Answers

Answer: Being a business owner can be extremely rewarding. Having the ... More importantly, you have the freedom to make the decisions that are crucial to your own business success.

Explanation:

:)

Strategic business units that compete in a low-growth market but hold considerable market share are called ________. Their earnings and cash flows are high and stable.

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Strategic business units that compete in a low-growth market but hold considerable market share are called Cash Cows because their earnings and cash flows are high and stable.

What is the Cash Cow?

The cash cow is a quadrant in the BCG matrix that shows that a unit has a consistently profitable business and possesses the following characteristics:

Competes in a low-growth market.Holds considerable market share.High and stable cash flows and earnings.

Thus, the strategic business unit with the above characteristics is a cash cow.

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Differentiate between generic and enterprise competition

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Answer:

Generic competition is competition among different products that solve the same purpose while enterprise competition is am orderly established business with limited liability of another person. The main difference between the two is that generic is rivalry among similar businesses while enterprise is the company itself.

Differences between generic and enterprise competition

Generic competition is regarded as the third level of competition while enterprise competition is not among the level of competition but it does existGeneric competition are often longer-term and focuses on substitutable product categories that is it exists between business product while Competitive Enterprise is simply a type of competition that exist been enterprise

For better understanding, lets explain what Differences between generic and enterprise competition

Generic competition is a type of competition that is outward-oriented and focuse on products. the market that exists here consists of those products and services fulfilling the same customer need

Competitive Enterprise is simply when an existing or planned business enterprise are involved or engages in any activity and also owns or controls some a useful interest and are involved in any activity that tends to competes or will compete with other enterprise

From the above, we can therefore say that the answer

Differences between generic and enterprise competition

Generic competition is regarded as the third level of competition while enterprise competition is not among the level of competition but it does existGeneric competition are often longer-term and focuses on substitutable product categories that is it exists between business product while Competitive Enterprise is simply a type of competition that exist been enterprise

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What are two activities to do in china besides see the Great Wall?

Answers

Answer:

Explanation:

There are many interesting and fun activities to do in China besides seeing the Great Wall. Here are two options:

1. Visit the Terracotta Army in Xi'an:

The Terracotta Army is a collection of terracotta sculptures depicting the armies of Emperor Qin Shi Huang. The figures were buried with the emperor in 210-209 BCE and were rediscovered in 1974. Today, it's a UNESCO World Heritage site and one of the most popular tourist attractions in China.

2. Take a cruise down the Yangtze River:

The Yangtze River is the longest river in Asia and the third longest in the world. It flows through many famous Chinese cities like Chongqing, Wuhan and Shanghai. Taking a cruise down the river is a unique and relaxing way to experience the country's stunning natural scenery and rich cultural heritage. Along the way, you can also visit ancient villages, watch traditional performances and enjoy delicious local food.

the capital share of income is defined as the share of paid to the owners of the capital stock. it is approximately equal to in the us. a. gdp; 1/3 b. wages; 2/3 c. consumption; 1/3 d. income; 2/3 e. investment; 1/3

Answers

The capital share of income is defined as the share of paid to the owners of the capital stock. It is approximately equal to GDP in the U.S.

What is GDP?

The market value of all the finished goods that nations produce over a specific time period is measured by the gross domestic product (GDP), a monetary indicator. Due to the measurement's complexity and arbitrary nature, it has taken many revisions before it can be taken seriously as an indicator.

As a result, using a basis of GDP per capita at purchasing power parity (PPP) may be more useful when comparing living standards between countries, whereas nominal GDP is more useful when comparing national economies on the global market. GDP (nominal) per capita, however, does not account for variations in the cost of living and the rate of inflation of the various nations. It is also possible to calculate how much each sector or industry contributes to the overall GDP.

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Read the statements below. Select "L" if the statement describes the Linux OS. Select "M" if the statement describes the Mac OS. Select "W" if the statement describes the Windows OS.

L - Linux
M - Mac
W - Windows

___code can be modified by users

____customer service provided by volunteers

___introduced the first GUI

___open source

____used by the majority of businesses

_____widely used in artistic fields

Answers

L - LinuxM - MacW - WindowsL - Linux

All the above statements describe Linux OS.

"Code can be modified by users" refers to the open-source nature of Linux."Customer service provided by volunteers" can be interpreted as a reference to the community-driven support for Linux."Introduced the first GUI" is not accurate, as the first GUI was actually introduced by Xerox PARC, but Linux certainly played a role in popularizing the use of GUIs in computing."Open source" refers to the fact that Linux's source code is freely available for users to view, modify, and distribute.

economist b believes that the economy can get stuck in a recessionary gap. this economist most likely believes that ______

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Economist B most likely believes that the economy can get stuck in a recessionary gap due to inadequate aggregate demand.

A recessionary gap occurs when the actual output of an economy is below its potential output, resulting in high unemployment and underutilized resources. Economist B's belief suggests that they subscribe to the view that the economy does not have inherent self-correcting mechanisms to automatically return to full employment in the long run. Instead, they argue that the economy can remain stuck in a recessionary gap unless active measures are taken to stimulate aggregate demand.

This perspective aligns with Keynesian economics, which emphasizes the importance of government intervention, such as fiscal policy and monetary policy, to address recessions and stimulate economic activity. Economist B likely supports policies such as government spending, tax cuts, or monetary easing to boost aggregate demand and close the recessionary gap. They may argue that relying solely on market forces or waiting for automatic adjustments to occur is insufficient to restore the economy to its potential output level.

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(5. From the age distribution, if a country has more workforce that fall between
56 years and above, what are the likely economic effect on such a country?​

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Answer & Explanation: Aging workforce refers to the part of working individuals that has reached a certain age and beyond often 40 years and above.

Having more aging workforce is HARMFUL for economic growth. This is so because an aging workforce will lead to a decline in labour participation rate due to the retirement age for kost countries. This will also lead to an increase in social security tax and eventually a decline in productivity.

How did opposition to this system affect the economy of the early republic?.

Answers

While the system was designed to protect American industries and promote economic growth, it faced opposition from certain sectors of society.

The system being referred to here is the American system of protective tariffs, which was implemented in the early years of the United States. While the system was designed to protect American industries and promote economic growth, it faced opposition from certain sectors of society. One significant opponent of the protective tariff system was the agricultural sector, which relied heavily on exports and therefore favored free trade. This opposition had a significant impact on the economy of the early republic, as it led to tensions between different regions and industries and contributed to a broader debate about the role of government in the economy. Additionally, opposition to the protective tariff system contributed to the rise of political parties, such as the Democratic-Republicans, who were opposed to the policies of the Federalist Party. This political polarization further complicated economic policy-making and had long-term effects on the trajectory of American economic development.

Overall, while the protective tariff system had its proponents and detractors, opposition to the system played a significant role in shaping the economic and political landscape of the early republic.

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How does data mining help interactive marketing for a business? question 2 options: by predicting which customers are likely to go to a competitor by identifying which prospects should be included in a mailing list by revealing the difference between a typical customer this month and last by predicting what each individual accessing a website is most likely interested in seeing

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The process of detecting the outcomes is called data mining. It helps interactive marketing by predicting what individuals access on websites.

What is interactive marketing?

Interactive marketing is based on triggers and events that include the behaviors, actions, demands, and preferences of the customers. The customer's action results in the building of interactive marketing.

The potential consumer can connect with the company and interact through two-way communication and relations. The interests of the consumers on the website can be analyzed through data mining to help in the interactive form of business.

Therefore, option D. prediction of the customer's data on the website aids in interactive marketing.

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generally, consumer goods are either ________ or ________.

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Generally, consumer goods are either durable goods or non-durable goods

Products with a longer lifespan and that are made to be used continuously are referred to as durable goods. Appliances, electronics, furniture, vehicles, and other objects that are anticipated to survive for a long time before replacement are examples of durable goods.

Consumable goods, usually referred to as non-durable goods, are products that are quickly used up or consumed. These products are often used up quickly or after a few usage. Food and drink, cleaning supplies, clothing, and other commodities meant for immediate consumption or use are examples of non-durable goods.

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The use of the case analysis method of assessment is most appropriate for assessing ____________. Select one:

a. Ability to perform a technical task

b. Problem-solving abilities

c. Leadership skills

d. Social-interactive skills

Answers

The case analysis method of assessment is most appropriate for assessing __problem-solving abilities__. So correct answer is option b.

The case analysis method involves presenting individuals with real or hypothetical scenarios and evaluating their ability to analyze the situation, identify problems, and propose solutions. This method requires individuals to apply critical thinking, logical reasoning, and decision-making skills to address complex issues. By assessing how well individuals can analyze and solve problems presented in case studies, the case analysis method provides insights into their problem-solving abilities. It is commonly used in academic settings, business settings, and professional assessments to evaluate an individual's ability to apply knowledge and skills to practical situations.

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Employee information is kept in folders. Each employee has a
folder that has letters of reference, a résumé, vacation
schedules, and employment history. Your boss hands you the
stack of folders. Where would you put the folders?

Answers

Disable inheritance on the folder by using the Properties box. Open the permission entry for the folder for each user except Administrators and SYSTEM users. Remove the check mark next to Delete by selecting Show advanced permissions. Close all windows after making changes.

What is Folder?When a folder is transferred, it is deleted from its original or primary location, and users are only permitted to copy the folder—not move it—after the option to destroy it has been removed from them.The Properties box of the folder should be used to turn off an inheritance in order to specify these permissions.The Permission Entry for the folder should then be open for all users other than Administrators and SYSTEM users, after which you should click Show advanced permissions and uncheck the box next to Delete. Close all windows after making changes.

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although cotton was central to the southern economy by the 1850s, cotton production did not really increase significantly between 1800 and 1850.

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Cotton was central to the Southern economy by the 1850s, but its production did not increase significantly between 1800 and 1850.

By the middle of the 19th century, cotton had become a significant economic force in the south of the United States, although the first half of the century saw little growth in the crop's output. Despite the introduction of new technology and the extension of cotton farming into new areas, the rate of output increase generally remained modest.

This was caused in part by restrictions on the amount of land, labour, and money that could be used as well as changes in the demand for cotton on a worldwide scale. The growth of cotton farming in the South throughout the second half of the 19th century, however, had a significant impact on American history and society.

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False. Despite cotton's importance to the Southern economy in the 1850s, its production did not significantly increase between 1800 and 1850, with most of the expansion occurring after 1850.

The production of cotton did not greatly rise between 1800 and 1850, despite cotton being an essential component of the Southern economy in the middle of the 19th century. In actuality, the growth in cotton output in the South began mostly after 1850 and was fueled by the rising demand for cotton in the North and in Europe's textile mills. Although the cotton gin's development in the late 18th century simplified cotton processing, it did not necessarily result in a material rise in output. The expansion of cotton production in the South was influenced by a number of additional factors, including land accessibility, labor supply, and transportation infrastructure.

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Euler equetion Suppoe that we derived the following equation regarding conumption Ct:
Ct−σ = βEt "Z
b
t
1
Z
b
t
C−
σ
t1
Rtn
P
t
P
t1
# ,
(1)
where Ztb
repreent a tochatic hock to the dicount factor with it unit mean and it logarithm deviation
denoted by εb
t; Pt
i the aggregate price; Rtn
i a nominal return (> 1). We alo aume that the growth
rate of the real economy i zero and the inflation rate i alo zero in the teady tate. 1. Find the teady-tate condition. 2. Log-linearize the equation around the teady tate. 3. Uing the equation, dicu how a rie in the nominal interet rate in period t 1 influence today’

Answers

A difference or derivative equation known as an Euler equation serves as the intertemporal first-order precondition for a dynamics choice issue.

What does inflation actually mean?

Inflation is the rate of price growth over a defined period of time. Inflation is often measured in broad terms, such as the general price increase or the rise in a nation's cost of living.

What is the inflation rate in India?

In contrast to the 5.85% reported in November 2022, the annual inflation rate based on the Sales Price Index (WPI) for all of India decreases to 4.95% (Preliminary) for the winter season 2022 (over December 2021).

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An economy is operating at a point inside its production possibilities curve (PPC). Which of the following will most likely cause the economy to move toward the current PPC in the short run

Answers

If the employees have increased then the economy will move toward the current PPC in the short run with regard to the its production possibilities curve.

What is a an economy?

An economy is a region where products and services are produced, distributed, traded, and consumed. a social domain that places an emphasis on production-related practices, discourses, and material expressions

In the short term, a rise in employment will most certainly force the economy to turn towards the current PPC. The number of employed people will increase as unemployment declines.

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The phenomenon of human-driven interaction between and within individuals or organizations in order to bring about economic exchange within a value-creation context is known as .

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The phenomenon of human-driven interaction between and within individuals or organizations in order to bring about economic exchange within a value-creation context is known as personal setting.

Economic exchange: Economy where goods are exchanged for money or other goods: In pure bartering, the production process is ignored

For example, without money, the barber would pay for another goods or as a direct payment for the haircut. You need to accept the service. But if the beautician is paid with potatoes, that means he has to pay his assistant not only with potatoes but also himself with potatoes and his supplier.

Aside from factors such as interest rates and inflation, the exchange rate is one of the most important determinants of a country's relative economic health. Exchange rates play an important role in the trade levels of countries that are essential to most of the world's free market economies.

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"Professional education and vocational training are the foundation
for the overall development of a nation". Justify this statement with
suitable examples.
?

Answers

Answer:

Professional education and vocational training are the foundation for the overall development of a nation because, by training people in the different careers and jobs that they will develop throughout their lives, this in turn is generating a series of people specialized in different labor fields that will benefit from one or the other it shapes society as a whole. Therefore, through this specific education in labor matters, future progress and well-being are generated for citizens.

Which of the following statements is TRUE

a. A histogram of data that resembles the normal distribution indicates that the process is in control.

b. A major drawback of using histograms is that they require too many intervals.

c. A histogram is an effective tool for differentiating between common & special causes of variation.

d. A major drawback of using histograms in process control is that they do not readily account for the factor of time.

Answers

The correct statement is:

c. A histogram is an effective tool for differentiating between common and special causes of variation.

A histogram is a graphical representation of data that shows the distribution of a continuous variable. It consists of bars that represent the frequency or proportion of data falling within specific intervals or bins. By analyzing the shape and pattern of the histogram, you can gain insights into the variation present in the data.

Histograms are particularly useful for identifying different sources of variation in a process, including common causes and special causes. Common causes of variation are inherent to the process and result in a stable, predictable pattern of data distribution. Special causes, on the other hand, are factors that lead to unusual or unexpected variation in the process.

By examining the histogram, you can identify if the data follows a normal distribution (bell-shaped curve) or exhibits skewness, asymmetry, or other patterns. This analysis can help you determine whether the process is in control (mostly affected by common causes) or if there are special causes of variation that need to be addressed.

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Gold has historically functioned as money. This is due, in part, to the willingness of others to accept it as valid payment for goods and
services. In this case, gold is functioning as an) (1 point)

Answers

The willingness of others to accept gold as a valid payment for goods and services made gold a medium of exchange. In other words, gold was used to facilitate commercial exchanges when these became more developed.

Money has changed and developed over time, it has always been used to make business practices more simplified and standardized.

Some examples of the use of a medium of exchange were salt, which was a rare mineral that was offered in trade, hence the word salary.

Therefore, gold began to be used as a means of exchange from the need to use coins with greater durability.

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PLS HELP 50 PTS QUICKWhich of the following could be placed in the area labeled A? Its members serve either two- or six-year terms. Its members get to engage in judicial review. Its members get to direct foreign policy. There are 50 members in each of its two houses. How is Romeo able to secure an invitation? Why does he want one? What is the value of p? Find the values of a through e that make these two relations inverses of each other. A = b = c = d = e = An image shows 2 tables. The first table is a 2-column table with 5 rows. The first column is labeled x with entries negative 3. 8, b, negative 1. 4, negative 0. 2, 1. 0. The second column is labeled y with entries negative 3. 1, 3. 2, c, 4. 4, 5. 0. The second table is a 2-column table with 5 rows. The first column is labeled x with entries negative 3. 1, 3. 2, 1. 7, d, 5. 0. The second column is labeled y with entries a, negative 2. 6, negative 1. 4, negative 0. 2, e. A statement that is formulated as a question but that is not supposed to be answered, is called? What was promised for the south in exchange for agreeing to Hamiltons plan ? ( compromise led by Jefferson ) Predict what might have happened to the United States if the Framers had not provided for a system of checks and balances Just a couple sentences is good!! Thank you! :)) Which form of music was most closely associated with the Harlem Renaissance? Is each statement true or false explain your reasoning rain forests are being cut down at an increasing rate. how does this affect the oxygen-carbon dioxide cycle? An essential element of a political party is. a. balloons. b. cooperative housing. c. ownership of mass media. d. policy proposals A person will get Type 2 Diabetes, then become obese due to insulinresistance?OfrueFalce what quantity in moles of phosphorus atoms do you have if you have 4.60 10 atoms of phosphorus. (the mass of one mole of phosphorus is 30.97 g.) Consider a population with data values of: 14 12 8 28 22 12 30 30 The 50th percentile is closest to: a) 12 b) 18 c) 22 d) 14 Divide the quantity 2.275 times ten raised to the nineteenth power end quantity divided by the quantity 9.1 times ten raised to the eighth power end quantity.. write the final answer in scientific notation. What is the term for the totality of an organism's chemical reactions, consisting of catabolic and anabolic pathways, which manage the material and energy resources of the organism? School lunches cost $2.25 each. In a school, 25% of 312 students bring lunch from home. How much money does the school make from selling school lunches if all of the remaining students buy lunch? what should you administer 1st for 53 yo diabetic f complains of chest pain nausea with sinus tach her vital signs are bp 94/40 p 124 rr 22 The belief that Americans should be allowed to freely express themselves originated with which of the following? how does mrs. jones's response to roger's actions contribute to the development of the theme? question 5 options: though mrs. jones forgives roger, she still believes it is important for him to do things for her. knowing how mrs. jones is, we can easily assume she would behave this same way to anyone who would steal her purse. instead of of lecturing roger on what's right after he tries to steal her purse, mrs. jones admits that she has made mistakes too. we can infer that moving forward, roger will most likely become friends with mrs. jones and become a caretaker.