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AleksandrR [38]
1 year ago
6

If the absolute value of the own price elasticity of demand is greater than 1, then demand is said to be:

Business
1 answer:
OLEGan [10]1 year ago
8 0

Answer:

A. elastic.

Explanation:

Elasticity of demand measures the responsiveness of quantity demanded to changes in price.

Demand is elastic when a change in price leads to a change in quantity demanded. The coefficient of elasticity for elastic demand is usually greater than one.

Demand is inelastic when a change in price has no effect on quantity demanded.

The absolute value of the coefficient of elasticity for inelastic demand is usually less than 1.

Demand is unitary when a change in price leads to an equal proportional change in quantity demanded.

The absolute value of the coefficient of elasticity for unitary demand is usually equal to one .

I hope my answer helps you.

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Recently, the spot market price of U.S. hot rolled steel plummeted to $400 per ton. Just one year ago, this same ton of steel co
nevsk [136]

Answer:

The computation of given question is shown below:-

Explanation:

One year ago

Quantity supplied = 600 + 4P

Quantity demanded = 9,000 - 8P

600 + 4P = 9000 - 8P

Price one year ago = $700

Quantity one year ago = 3,400

Current market:-

Quantity supplied = 4200 + 4P

Quantity demanded = 9,000 - 8P

4,200 + 4P = 9,000 - 8P

Price for current market = $400

Quantity for current market = 5,800

C(Q) = 1,200 + 15Q2

A representative firm in a competitive market would produce steel where MC = P

MC = dC ÷ dQ = 30Q

The raw steel does a representative firm produce when the market price is $700

30Q = 700

Q = 23.33

The raw steel does a representative firm produce when the market price is $400

30Q = 400

Q = 13.33

7 0
1 year ago
1. Estratégia é o caminho para ir de um ponto a outro, obedecendo a restrições e respeitando determinado prazo. Para se definir
NeX [460]

Answer:

Olá, realizei algumas pesquisas e encontrei a opção que você precisava.

<em><u>d. Não definir forças, oportunidades, fraquezas e ameaças, as quais a empresa está inserida.</u></em>

Explanation:

<u>A estratégia organizacional</u> é definida de acordo com as metas e objetivos que a empresa deseja alcançar no curto e longo prazo.

Por isso é necessário implementar planos que auxiliem a empresa na obtenção dos resultados esperados.

A análise SWOT é uma ferramenta de gestão estratégica utilizada para que uma organização tenha conhecimento das variáveis internas (forças e fraquezas) e externas (oportunidades e ameaças) que influenciam no seu desempenho e consequentemente nos resultados.  

Portanto <em><u>a alternativa D é falsa</u></em>, visto que a análise das forças, oportunidades, fraquezas e ameaças organizacionais, irão orientar a empresa a identificar os seus pontos positivos e negativos de forma a coordenar, corrigir e controlar seus ambientes para que se alcance maior eficácia organizacional.

5 0
1 year ago
Type the correct answer in the box. Spell all words correctly.
e-lub [12.9K]

Answer:

<u>autocratic</u> environment.

Explanation:

It can be said that Peter works in an autocratic environment, characterized by the authoritarianism of the leaders and the decision-making process totally focused only on the high hierarchy.

This work environment has greater control over employees and their activities because there is an inflexible chain of command, and subordinates must obey the decisions of their superiors even if it is not convenient.

There are some unfavorable points of the autocratic environment, such as the demotivation of employees due to lack of freedom and autonomy at work.

4 0
2 years ago
Ranada Company manufactures and sells sportswear products. Ranada uses activity-based costing to determine the cost of the custo
kramer

Answer:

Per unit customer costs = $4.5 per unit

Explanation:

Under activity based costing cost are allocated based on per activity rate.

Customer return processing activity rate = $45 per return

Shipping activity rate = $10 per shipment

for Product 1

Total cost of shipment and return will be as follows:

Shipment = 1,200 X $10 = $12,000

Returns = 150 X $10 = $1,500

Total = $12,000 + $1,500 = $13,500

Total units = 3,000

Per unit customer costs = $13,500/3,000 units = $4.5 per unit

4 0
2 years ago
If the quote for a Treasury bond is listed in the newspaper as 98.2812 bid, 98.4062 ask, the actual price at which you can purch
azamat

<u>Solution and explanation:</u>

<u>Given data: </u>

Ask price: 98.4062, bid price: 98.2812, par value of the bond: $10,000

<u>The following formula is used in order to calculate the actual value of the bond </u>

The ask price will be used while calculating the actual value of the bond and the par value of the bond will be used

Ask price will be multiplied with par value of the bond and divided by 100

98.4062(10000) / 100= $9840.62

Therefore, the par value as per the above calculation is $9840.62

3 0
1 year ago
Read 2 more answers
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