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musickatia [10]
1 year ago
12

If two identifiable markets differ with respect to their price elasticity of demand and resale is impossible, a firm with market

power will______.
Business
1 answer:
Thepotemich [5.8K]1 year ago
5 0

If two identifiable markets differ with respect to their price elasticity of demand and resale is impossible, a firm with market power will set a lower price in the market that is more price elastic. Price elasticity is a tool used by economists to analyze how supply and demand for a product fluctuate in response to price changes.

Along with demand, supply also exhibits elasticity, which is referred to as price elasticity of supply. Price elasticity of supply is the correlation between price change and supply change. It is computed by subtracting the percentage change in price from the percentage change in quantity delivered.

To learn more about elasticity, click here.

brainly.com/question/13479805

#SPJ4

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A customer’s specification for weight of an antiseptic cream sold in plastic tubes is 4.00 ounces ± 0.02 ounces. The target p
nasty-shy [4]

Answer:

Cp = 1.667

Cpk = 1.25

The filling process will deliver the customer's specifications since Cp > 1 and Cpk > 1

Explanation:

Given data:

Customer Specification           3.98          4.02

Process Average                      4.005

Process Standard Deviation    0.004

<u>Calculate the Cp and Cpk values</u>

Cp = Δ customer specification / ( 6 * std )

     = (4.02 - 3.98 ) / ( 6 * 0.04 )

     = 0.04 / 0.24 = 0.1667 + 1 = 1.667

Cpk ( upper ) = ( 4.02 - process average ) / ( 3* std )

                      = ( 4.02 - 4.005 ) / ( 3 * 0.004 )  = 1.25

Cpk ( lower ) = ( process average - 3.98 ) / ( 3 * std )

                     = ( 4.005 - 3.98 ) / ( 3 * 0.04 ) = 2.083

Cpk = minimum value of Cpk = 1.25

3 0
3 years ago
For the past year, Momsen, Ltd., had sales of $45,797, interest expense of $3,620, cost of goods sold of $16,134, selling and ad
guapka [62]

Answer:

Net income is $5,578.30

Explanation:

Please refer to the attached file

5 0
3 years ago
Read 2 more answers
How far back should you list your work history <br> a. five years <br> b. 12 years?
vodka [1.7K]
A.5
B.12
C.10
D.20
The answer is C.10
7 0
3 years ago
Which group is most likely to utilize a tax advantages instrument such as an ira?
inysia [295]
The small investor is the group that are able to day trade and most likely able to invest across different industries. They also utilize a tax advantages instrument such as IRA. This also a group that would face less red tape.



7 0
3 years ago
A consumer's weekly income is $250, and the consumer buys 12 bars of chocolate per week. When weekly income increases to $280, t
Vikentia [17]

Answer:

0.69

Explanation:

Given that we have the formula for calculating income elasticity of demand as the percent change in quantity demanded divided by the percent change in income, hence, we have the percent change in quantity demanded => 13 - 12 = 1 ÷ 12 = 0.083

the percent change in income => 280 - 250 = 30 ÷ 250 = 0.12

Therefore we have => 0.083 ÷ 0.12 = 0.69

Hence, the final answer is 0.69

6 0
2 years ago
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