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2 years ago

The basic formula for the price elasticity of demand is.

Business

1 answer:

Kamila [148]2 years ago

3 0

Answer: percentage change in quantity demanded

Explanation: the basic formula for the price elasticity

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Trainers at Lako Systems try to maximize the transfer of learning by demonstrating processes on the manufacturing floor rather t

Effectus [21]

This approach by trainers at Lako Systems trying to maximize the transfer of learning by demonstrating processes on the manufacturing floor rather than just describing them is known as Transfer of training.

<h2>What is transfer of training?</h2>

Applying knowledge and abilities learned during training to a specific job or role is known as transfer of training.

Transfer of training, for instance, happens when a worker applies the safety habits they learned in the classroom to their workplace.

The theory of transfer of training describes the positive, zero, or adverse performance results of a training program. It is a specific application of the theory of transfer of learning.

Many firms now strive to achieve the positive transfer of training, or the improvement in work performance attributable to training.

Training methods, workplace dynamics, and trainee characteristics all play a role in achieving this objective of positive transfer.

Learn more about transfer of training here:

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7 0

2 years ago

A firm uses 80 hours of labor and 6 units of capital to produce 10,000 gadgets per day. Labor's marginal product is 4 gadgets

Andreas93 [3]

Answer:

Use more labor and fewer capital.

Explanation:

Given that,

For producing 10,000 gadgets,

Labor hours use = 80

Capital = 6 units

Marginal product of labor = 4 gadgets per hour

Marginal product of capital = 20 gadgets per unit

Cost of each unit of labor = $8 per hour

Cost of each unit of capital = $50 per unit

Therefore,

Marginal product per dollar for labor is as follows:

$\frac{MP_{L} }{w} =\frac{4}{8}$

= 0.5

Marginal product per dollar for capital is as follows:

$\frac{MP_{k} }{r} =\frac{20}{50}$

= 0.4

Hence, the marginal product per dollar for labor is greater than the marginal product per dollar for capital, which means that the firm should use more labor and fewer capital.

5 0

3 years ago

The Righter Shoe Store Company prepares monthly financial statements for its bank. The November 30 and December 31, 2016, trial

dlinn [17]

Answer:

purchase of supplies 5,600

insurance expense 2,300 debit

prepaid insurance 2,300 credit

Explanation:

(1) What was the cost of supplies purchased during December?

invneotry identity:

beginning supplies + purchase = ending supplies + expense

the left side are the input. The supplies could come from previous prior or be pruchase.

The right side the outputit could be consumer or kept at stock

3,100 + p = 4,600 + 3,600

purchase = 4,600 + 3,600 - 3,100 = 5,100

(2) What was the adjusting entry recorded at the end of December for prepaid insurance?

beginning insurance 7,600

ending insurance (5,300)

adjustment: 2,300

there was insurance expired for the value of 2,300

6 0

3 years ago

Sandy, an expert on Search marketing, knows she should use extensions effectively in order to optimize her Google Ads campaign r

gavmur [86]

Answer:

Use at least three extensions in each campaign or ad group.

Explanation:

Google recommends that in other to optimize Google ad campaigns at least three extensions should be used for each campaign or ad group: At the point of each auction, Sandy's ad will be assembled with the most appealing extensions. Elegible extensions will give Sandy's ads more opportunity to meet users’ specific needs.

7 0

3 years ago

A company reports the following:

fredd [130]

Answer:

a. 15 times

b. 24.3 days

Explanation:

The computation is shown below:

a. Accounts receivable turnover

Account receivable turnover ratio = Net credit sales ÷ Average accounts receivable

= $3,150,000 ÷ $210,000

= 15 times

b. Number of days sales in receivables = Total number of days in a year ÷ accounts receivable turnover ratio

= 365 days ÷ 15 times

= 24.3 days

7 0

3 years ago