The answer would be that there are few other places to purchase soda on campus; competition (or lack thereof) can play a big factor in determining price elasticity.
While nutrition information can shift consumers' preferences, we have no indication within the question of whether or not the students are well-informed of the impact of their drinking choices.
As for the third option, we are not given any information on the students' budgets, and no information with which to infer this, either. We only have information on their spending as it is related to soda, not as compared to other purchases.
Finally, given that the quantity sold does not change much despite the change in price, we can conclude that this price curve is relatively inelastic, in which case the price elasticity of demand would be closer to zero than one. This effectively rules out the last answer.
Answer:
Capacity utilization rate in October is 63.75%
Explanation:
Units produced in October = 18170
Units production in most efficient way = 28500
Capacity utilization rate in October = 18170 / 28500 = 0.6375
In percentage, it is 63.75%
Answer:
$1,443.75
Explanation:
The total cost for paving Sam's portion of the road = $35 per linear foot x 110 front feet = $3,850
If the city is going to pay 25% of the total cost, then it will pay $962.50, that would leave a total of $2,887.50 to be paid between Sam and his front neighbor. So Sam's share = $2,887.50 / 2 = $1,443.75
Solution:
Assume:
A=0
B=1
C=2
D=3
Formula:
185X - (10X * 2)/60 * 21 * 22 = ?
Cost Savings:
Apartment A = $0.00
Apartment B = $23.00
Apartment C = $46.00
Apartment D = $69.00
According to the time value, Apartment D provides the most savings.
Renting, which is three times less than Apartment A, compensates for 30 minutes each way (or 1 hour per day at $22/hr for 21 days). The rate of net income $405 is $336.
Answer:
D. All of the above.
Explanation:
In economics, opportunity cost is the alternative forgone. For example, if two goods X and Y with prices $2 and $3 respectively are compared and an individual chooses to buy X instead of Y, the opportunity cost is the good Y itself that is forgone and not $3 which the price of Y.
Opportunity cost can also be seen as benefits an individual forgo in order to choose an alternative over another.
Therefore, individual pair comparison of each of the following statements opportunity cost to Frank's decision to reduce his weight:
A. His opportunity cost is the alternative uses of time spent exercising.
B. His opportunity cost is the forgone satisfaction of consuming foods that are not part of his diet plan.
C. Assuming exercise is not leisure comma he trades consumption of current leisure for future health.
I wish you the best.
