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lbvjy [14]
1 year ago
6

The basic formula for the price elasticity of demand is.

Business
1 answer:
Kamila [148]1 year ago
3 0

Answer: percentage change in quantity demanded

Explanation: the basic formula for the price elasticity

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Laredo advertises a reward for the return of his lost dog. Miguel, who does not know of the reward, finds and returns the dog, w
Makovka662 [10]

Answer:

b. did not know of the reward when he returned the dog.

Explanation:

Laredo advertises for getting his dog back. This does not infer that the dog will only be returned when the reward will be paid.

Miguel did not know about the reward, so the reward in this case is not mandatory to be paid, but if Laredo initiates the reward himself, that can be accepted.

This is a clear demonstration of being kind and get what you know.

So if you do not know the facts, you are on fault.

4 0
3 years ago
Suppose there is a product that is being sold in a perfectly competitive market. If the market price of the product falls​, prod
yuradex [85]

Answer:

Decrease; Less

Explanation:

The producer surplus is the difference between the minimum price that a producer is willing to accept for a product and the price he actually receives.  

When the market price of a product falls, the producer surplus will decrease as well.  

The lower market price implies that there will be less area between the supply curve and the market price of the product.

3 0
3 years ago
The diameter of bearingsis known to have a mean of 35 mm with a standard deviation of 0.5 mm. A random sample of 36 bearings is
timama [110]

Answer:

Explanation:

given,

Mean,μ= 35mm  

Standard Deviation,σ = 0.5mm  

Sample size, n = 36  

Sample Standard deviation =\dfrac{\sigma}{\sqrt{n}}

                                             = \dfrac{0.5}{6}

                                             = 0.0833

The interested diameter is between 34.95 to 35.18 mm  

Calculating the Z score of the for the diameter mentioned.

P(\dfrac{x_1-\mu}{\sigma})

P(\dfrac{34.95-35}{0.0833})

-0.6< Z < 2.16

now, Form Z-table

P(Z

P(Z

Subtracting the value

      = 0.9846 - 0.2741

      = 0.71

Hence, the required probability is that the diameter of bearing is in between  34.95 and 35.18 mm is equal to 0.71.

6 0
3 years ago
Laura wants to improve her employees’ engagement. to do so, she should try to increase their
natali 33 [55]
One of the best things that Laura can do to be able to attain the goal is to increase the benefits that the employees are getting out of working for her. The benefits may come from different forms such as longer leaves, greater wages, health benefits, etc. 
3 0
3 years ago
true or false Deflation can be differentiated from disinflation in that the deflation rate is always negative while the disinfla
Ghella [55]

Answer:

True

Explanation:

The deflation arise when there is a decline in the general level of the price in the overall economy. It could be said as a negative rate of inflation

On the other hand, the disinflation arise when the inflation rate is the decline over time but it would remain positive

Therefore the given statement is true

hence, the same is to be considered

7 0
3 years ago
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