answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Greeley [361]
1 year ago
15

If you compute the price elasticity of demand using a quantity of tickets from 1 to 8 and using a quantity of tickets from 1,000

to 8,000, the value of the price elasticity of demand isA. smaller when values from 1,000 to 8,000 are used because these values are larger than units 1 to 8.B. the same because the percentage change in quantity will remain the same.C. equal to one in both cases.D. larger when values from 1,000 to 8,000 are used because these values are larger than units 1 to 8.
Business
1 answer:
LenKa [72]1 year ago
4 0

Answer:

The correct answer is option B.

Explanation:

The value of price elasticity of demand will be the same if the quantity of tickets changes from 1 to 8 and 1,000 to 8,000. The price elasticity is calculated on the basis of proportionate change in quantity demanded.

The proportionate change in quantity demanded is the same in both cases. So, the price elasticity of demand will also be the same.

You might be interested in
A company is preparing its cash budget for the coming month. All sales are on account. Given the following: Beginning Balances B
iVinArrow [24]

Answer:

$56,000

Explanation:

Given the above information, we will calculate first the total cash flow.

Total cash flow = Opening cash receivable + Sales - Ending cash receivables

= $196,000 + $880,000 - $226,000

= $850,000

Ending cash balance = Opening cash balance + Total cash flow - Cash disbursement

= $146,000 + $850,000 - $940,000

= $56,000

6 0
2 years ago
While other suppliers bidding for the contract brought bids with lower per unit costs, Orchard wanted to take delivery based on
Daniel [21]

Answer:

The correct answer is A) top quality.

Explanation:

There are generally two sales approaches: the first, product-oriented. This takes into account its own characteristics in terms of presentation, quality and utility; and the second, people-oriented, where the real needs of the consumer are studied to determine how he uses the good in order to orient himself towards satisfying a need.

The example clearly shows that the orientation with minimum unit costs was mainly focused on the client, so that the first impression is that of a lower price to motivate their purchase decision. For his part, Orchard clearly shows a product orientation, because he tries to offer quality by sacrificing other variables to supply a need.

6 0
2 years ago
Read 2 more answers
Throughout the text, Thoreau uses repetition, particularly parallel structure. Identify three or four examples and analyze their
Scorpion4ik [409]

Answer:

Throughout the text, Thoreau uses repetition, particularly parallel structure. Example:

"Simplify, simplify"

Explanation:

Thoreau tends to use embedded repetition to emphazise a point, as urging the readers to stop burying themselves in never-ending impossible tasks and simplify their lives with: "Simplicity, simplicity, simplicity!", or in paragraph 2: maybe creating a mantra-like urging, using also derivatives of words: "live, "life": Simplify, simplify".

4 0
2 years ago
You’ve decided the industry is mature. That means it has reached a point of market saturation. As a new player, you’ll need to t
OlgaM077 [116]

Answer:

intensity of rivalry

Explanation:

You answer this question based on Porter's Five forces model. This model is used to analyze how stiff competition is in a given industry. It includes, threat of new entrants, bargaining power of suppliers, bargaining power of buyers, intensity of rivalry and threat of substitute goods. In this case, the leaders must address the intensity of rivalry because the market is already saturated with those three big companies. Therefore,  your company must evaluate level of homogeneity of products that already exists, consumers' switching costs and brand loyalty to come up with a competitive strategy.

6 0
1 year ago
Suppose that you are trying to choose which of two IT projects to accept. Your company employs three primary selection criteria
kirza4 [7]

Answer:

The explanation of this question is given below in the explanation section.

Explanation:

 In this question, it is asked about to select one project among two given project based on the evaluation criteria. These evaluation criteria include:

  1. Proven technology
  2. Ease of transition
  3. Projected cost saving  

  Based on my analysis, I will select the project cairso because It has high transition and high projected cost saving.

The analysis of these project is shown in attached picture with this solution.

               

3 0
2 years ago
Other questions:
  • What is the art of getting your work done through people in a harmonious way? having good interpersonal skills, having good work
    14·2 answers
  • Xavier Co. wants to purchase a machine for $37,000 with a four year life and a $1,000 salvage value. Xavier requires an 8% retur
    12·2 answers
  • When a manufacturer advertises to wholesalers and retailers in an attempt to encourage them to carry its products, it is engagin
    7·1 answer
  • The best way to address a borrower's questions that the notary signing agent is not allowed to answer, is to
    11·2 answers
  • Sales in North Corporation increased from $60,000 per year to $63,000 per year while net operating income increased from $10,000
    8·1 answer
  • The balance sheet of Flo's Restaurant showed total assets of $600,000, liabilities of $160,000 and stockholders’ equity of $540,
    10·1 answer
  • Tony’s Market recorded the following events involving a recent purchase of inventory: Received goods for $80,000, terms 2/10, n/
    14·1 answer
  • An organization is replacing a payroll program that it developed in house, with the relevant subsystem of a commercial enterpris
    13·1 answer
  • The management of Ro Corporation is investigating automating a process. Old equipment, with a current salvage value of $27,000,
    14·2 answers
  • Calvin works in the accounting department for a textbook publishing firm preparing budgets and reporting production costs. What
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!