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Delicious77 [7]
2 years ago
5

Suppose the price of a Snickers candy bar is $2.00 at both the airport and the grocery store. The price elasticity of demand for

a Snickers candy bar at an airport is likely to be ________ the price elasticity of demand for a Snickers candy bar at the grocery store.
Business
2 answers:
Vladimir [108]2 years ago
7 0

Answer:

The price elasticity of demand for a Snickers candy bar at an airport is likely to be less than the price elasticity of demand for a Snickers candy bar at the grocery store.

Explanation:

The definition of elasticity of demand is the degree of change in the demand for a good with the change of its price.

In this case, we assume that  change in the demand of candies at the airport is very low, usually the people don´t have another option and have to buy it , even if the price is higher than other places.  

The elasticity at the grocery store will be higher at a grocery store because, the people have more option . If the product has a high price, the customer can leave it and look for another store.  

So we can say that the price elasticity of demand for a Snickers candy bar at an airport is likely to be less than the price elasticity of demand for a Snickers candy bar at the grocery store.

MaRussiya [10]2 years ago
5 0

Answer:

the same

Explanation:

Price elasticity of demand is the change in the quantity demanded or purchased of a product in relation to its price change. In this equation, place has no effect on the price elasticity of demand. Therefore, for a snickers candy whether is sold at airport or at the grocery store the price elasticity of demand is the same.

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its total assets equal to  $510 million,

Explanation:

Total assets = Loans + Bonds + Reserves

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Therefore, its total assets equal to  $510 million,

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Which of the following is not part of the procedure for evaluating the pluses and minuses of a diversified company's strategy an
alina1380 [7]

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Explanation:

This will be a waste of effort and resources because the business are different there strategies are bound to be different, trying to reconcile different strategies for different business is uncalled for and not necessary.

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3 0
2 years ago
Knowing that a third party may use the information that Ray is providing, does Ray owe a duty of confidentiality to Onyx?
artcher [175]

Answer:

<em>B. Yes, although it may be breached in most states if there is a court order to do so.</em>

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3 0
2 years ago
Horford Co. has no debt. Its cost of capital is 8.9 percent. Suppose the company
blsea [12.9K]

Answer:

A. 12.1%

B. 8.9%

Explanation:

a. Calculation for What is the company's new cost of equity

Using this formula

New cost of equity=Cost of capital+[(Cost of capital- Debt interest rate ) *(Debt-equity ratio)*(1)]

Let plug in the formula

New cost of equity=[0.089+[(0.089-0.057)*(1)*1]

New cost of equity=[0.089+0.032*(1)*1]

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Particular Weight Cost Weighted cost

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(0.0605+0.0285)

Therefore the new WACC will be 8.9%

4 0
2 years ago
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