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d1i1m1o1n [39]
2 years ago
7

When the price of chai tea lattés is $5, maxine buys 20 per month. when the price is $4, she buys 30 per month. maxine's demand

for chai tea lattés is
a. inelastic, and her demand curve would be relatively steep.


b. elastic, and her demand curve would be relatively flat.


c. elastic, and her demand curve would be relatively steep.


d. inelastic, and her demand curve would be relatively flat?
Business
1 answer:
nirvana33 [79]2 years ago
4 0

Answer:

b. elastic, and her demand curve would be relatively flat.

Explanation:

he elasticity of demand is a term that describes the degree of responsiveness of demand due to changes in price. Elastic demand is when demand for a good or service is sensitive to changes in price. A small change in price results in a significant change in the quantity demanded.

Maxine has elastic demand for chai tea. A small decrease in the price of $1 ( 20 percent ) causes the demand to rise by 50 percent. The demand curve for an elastic product is relatively horizontal. It may be referred to as flat. The price is indicated on the Y-axis and the quantity of the X-axis. A small movement of the Y-axis big reaction on the X-axis tilting the demand curve to a horizontal shape.

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sashaice [31]

Explanation:

A pitchbook is confidential document. It is basically a sales document, used by the sales force, which contains main features or attributes of the firm, the potential of the firm and the future aspects of the firm in detail.

So keeping the given question in mind, I would write to my supervisor as follows:

Subject: Assistance Required

Body:

Dear Sir,

By reviewing the whole document finally, which is to be presented to the client tomorrow, I found some mistakes in the results. I came to know that the results are incorrect and are surely needed to be corrected before the presentation.

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1 year ago
Jay Seago is suing the manufacturer of his car for $3.5 million because of a defect that he believes caused him to have an accid
Studentka2010 [4]

Answer:

Since the expected value is higher for not suing ($600,000), then Jay should not sue. The expected value of the best case scenario in case of suing is only $500,000 and in the expected value of the worst case scenario is -$37,500.

Explanation:

he decides to not sue = expected value $600,000

he decides to sue:

50% chance of winning

expected value

  • $2,000,000 x 50% x 50% = $500,000
  • $500,000 x 50% x 50%  = $125,000

50% chance of losing

  • expected value = -$75,000 x 50% = -$37,500

3 0
2 years ago
Oni makes apple pies for the local bakery. when toni works with an assistant, she produces 60% more apple pies and works 20% few
Georgia [21]
<span>Let us assume Toni made 100 apple pies in 10 hours, that means 10/hour. Now, with help of assistant she produces 60% more and work for 20% less time.
So, [100+(60% of 100)] = 160 apple pies produced in [10-(20% of 10)]= 8 hours.
   160/8 = 20/hour
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8 0
1 year ago
In the company's accounting system all fixed expenses of the company are fully allocated to products. Further investigation has
PSYCHO15rus [73]

Answer:

= $132,000.

Explanation:

There are two types of fixed costs, general fixed cost and specific fixed cost.

<u><em>General fixed costs </em></u><em>are those that cannot be traced to a specific product rather they are incurred for the benefit of all of the product being produced. For example,the rent of the factory where three products are being produced</em>

So they are unavoidable should a product be ceased for production that is they would still be incurred either way.

<u>S</u><u><em>pecific fixed costs </em></u><em>are those incurred specifically for a particular product and as such they would be saved should the product be discontinued. For example , if a special machine  that cost $4000 a month to rent is used to produce a product. The $4000 would be saved should the production of the product ceases</em>

The net operating cost of the company would increase by the amount of the avoidable specific fixed cost:

=$90,000 + $42,000

= $132,000.

3 0
2 years ago
Godina Products, Inc., has a Receiver Division that manufactures and sells a number of products, including a standard receiver t
oee [108]

Answer:

No, there would be no existence of a transfer price that would make both the Receiver and Industrial Products Division financially better off than if the Industrial Products Division were to continue buying its receivers from the outside supplier

Explanation:

Assuming that the receiver division is selling all of the receivers it can produce to outside customers, there will be no existence of a transfer price that would make both the receiver and industrial products division financially better off than if the industrial products division were to continue buying its receivers from the outside supplier.

Reason being that the minimum transfer price that the selling division should be willing to accept surpasses the maximum transfer price that the buying division should be willing to accept.

4 0
2 years ago
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