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alexgriva [62]
1 year ago
5

Compared to the price elasticity of demand for gasoline, the demand for texaco gasoline will_________.

Business
1 answer:
xz_007 [3.2K]1 year ago
3 0

Compared to the price elasticity of demand for gasoline, the demand for Texaco gasoline will be <u>more elastic</u>.

Price elasticity of call for is the ratio of the proportion change in the amount demanded of a product to the percentage exchange in rate. Economists hire it to apprehend how supply and demand trade when a product's price changes.

If a fee alternate for a product causes a giant change in both its supply or call for, its miles are considered elastic. Generally, it manner that there are acceptable substitutes for the product. Examples would be cookies, luxury cars, and coffee.

In commercial enterprise and economics, price elasticity refers to the degree to which people, purchasers, or producers alternate their demand or the quantity supplied in response to fee or earnings adjustments. it is predominantly used to evaluate the trade-in consumer call for because of an alternate in an excellent or carrier's price.

Learn more about price elasticity here brainly.com/question/5078326

#SPJ4

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What are the primary assets of credit unions​?
Feliz [49]

Answer:

The correct answer is B.

Explanation:

Savings and credit cooperatives or, simply, credit cooperatives are cooperative societies whose corporate purpose is to serve the financial needs of their members and third parties through the exercise of the activities of credit institutions.

Savings and credit cooperatives are also known for their acronym in English, SACCO: Savings and Credit Cooperative.

These cooperatives are usually local and seem to be more suited to rural areas. Above all they have access to external funds and they are properly managed. And although there is a World Council of Credit Unions (WOCCU) there are few local or rural cooperatives associated with it.

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3 years ago
According to the marginal productivity theory of income
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Answer:

The income received by an individual who supplies labor services equals the incremental benefit generated to the firm by the individual´s labor

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The marginal productivity theory of income or wages states:  firms pay a salary that is equal to the extra benefit a (that is why is marginal; an extra unit in this case is an extra unit of labor) worker represents in output of production. In other words, if the firm employees a new worker, its salary would be equal to the extra output produced by him or her (marginal product of labor). Because of this, wages depend on the production function each firm has. The mathematical formula to get the marginal product of labor is: dF/dL, where F is the production function and L represent labor in it.

5 0
3 years ago
On the basis of your findings in part ​(c​), comment on the sensitivity of changes in EBIT in response to changes in sales. ​(Se
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Answer:

option b. EBIT is more sensitive to changing sales​ levels; it​ increases/decreases about twice as much as sales.

A Change in Sales the  will lead to a great change in EBIT

that is for a percent change in sales, will lead to a greater change in EBIT

Explanation:

6 0
3 years ago
How can the government use fiscal policy to promote full employment?
Rina8888 [55]
The answer is B.....
5 0
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Which of the following does not affect the reject rates at a company's production facilities
atroni [7]

Answer:

which of the following does not affect the reject rates at a company's production facilities

Spending for best practices training

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Spending for best practices training does not affect the reject rates at a company's production facility because the amount does not equate to whether the staff members in production unit would assimilate best and put it into use during production

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