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maxonik [38]
2 years ago
5

Suppose the price elasticity of supply has been calculated as 0.80 for a particular product and the price increases by 5%. What

would happen to the quantity supplied
Business
1 answer:
Digiron [165]2 years ago
5 0

When price increases by 5%, quantity supplied increases by 4%.

<h3>What is the change in the quantity supplied?
</h3>

Price elasticity of supply measures the responsiveness of quantity supplied to changes in price of the good. There is a positive relationship between price and quantity supplied

Price elasticity of supply = percentage change in quantity supplied / percentage change in price

0.80 = percentage change in quantity supplied / 5%

percentage change in quantity supplied = 5% x 0.80 = 4%

To learn more about the price elasticity of supply, please check: brainly.com/question/13017816

#SPJ1

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Rhonda bought a life insurance policy from Randy, and if Rhonda dies, the
lapo4ka [179]

The beneficiary of the policy is C. Raymond

Explanation:

Life insurance policies work on the bid of the death of a person in that they pay or the insurance until their death or its maturation period so when they do die the person who is viable to get it will get the money

The beneficiary of a life insurance is never the one who is taking it but someone who is related to them usually a member of the family they want to secure after they die.

So, the beneficiary stands to get all the money which is the case here with Raymond as it is him to whom the company will pay the money.

5 0
4 years ago
Read 2 more answers
A company decides to survey its employees about their job satisfaction. the company’s managers are responsible for delivering th
allsm [11]

The source of bias in the face-to-face sampling method is"employees are less likely to tell their manager they are unhappy with their job."

<h3>What is face-to-face survey?</h3>

Face-to-face surveys, also known as F2F surveys, are a type of data collection that involves the study sample in order to conduct the interview in-person and observe the participants' behavior and responses in order to gather more data.

Many researchers favor this form of data collecting because it enables them to see the context in which their research population or sample functions and, in doing so, allows them to more thoroughly analyze their replies, for example while conducting field research.

Some advantages of face-to-face survey are-

  • The F2F survey gives you, as the interviewer, the opportunity to closely examine both the participants' verbal and non-verbal responses, allowing you to both observe and analyze their behavior.
  • The fact that researchers can get a greater degree of response rate when conducting an F2F survey is another benefit.
  • In a face-to-face study, researchers can take charge of the interview and ensure that participants are focused on filling the questionnaire, free from any distractions that might result from the lack of a facilitator.

To know more about face-to-face survey, here

brainly.com/question/14680308

#SPJ4

6 0
2 years ago
Trevor gets a haircut before his interview. He wears his best suit to the interview. Walking into the room, he says hello, looks
marysya [2.9K]

Answer:

b. his eye contact.

Explanation:

Eye contact defines that it occurs when two people look at each other at the same time. It is a part of non-verbal communication when two people look at each other and thus its impact on social behavior.

Now, According to the given situation, Trevor gets a haircut and he dressed well for the interview. He is entering into the room of interview, wished and shake his hand to the interviewer after looking into his hand. Here, Trevor needs to improve his eye contact with their skills and abilities at the time of the interview.

6 0
3 years ago
Horton Corporation is preparing a bank reconciliation and has identified the following potential reconciling items. Indicate how
Dmitry_Shevchenko [17]

Answer:

a. Deposit in transit $5,500.

This is <em>added to the balance on the bank statement</em> because it has already been added to the books of the company but it is yet to be processed by the bank.

b. Bank service charges $25.

<em>Deducted from the book balance</em> because the bank has already deducted this charge from the company's bank account so the company needs to do the same in its books.

c. Interest credited to Horton’s account $31.

<em>Added to the book balance</em> because this is interest earned on the account from the bank. The bank has therefore already added it to the company's bank account and so the company needs to add it to their books.

d. Outstanding checks $7,422.

<em>Deducted from the balance on the bank statement</em> because the company issued a check from their account but it has not be debited from the bank account yet but has been recorded in the books.

e. NSF check returned $377.

<em>Deducted from the book balance. </em>

3 0
3 years ago
Exeter has a materials standard of 1 pound per unit of output. Each pound has a standard price of $25 per pound. During July, Ex
likoan [24]

Answer:

$19,595 unfavorable

Explanation:

The computation of direct material price variance is shown below;

= (Actual price - Standard price) × Actual quantity used

Given that;

Actual price = $138,000/4,780 units

= $28.87 × 1 pound

= $28.87 per pound

Actual quantity used = 4,780 units

Standard price = $25 per pound

= ($28.87 per pound - $25 per pound) × 4,780 units

= ($3.87 per pound) × 5,040 pounds

= $19,595 unfavorable

The direct material price variance is unfavorable because actual price is more than standard price.

4 0
3 years ago
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