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mixas84 [53]
1 year ago
6

if a 35 percent increase in price of golf balls led to an 42 percent decrease in quantity demanded, then the demand for golf bal

ls is
Business
1 answer:
8_murik_8 [283]1 year ago
5 0

If a 35 percent increase in price of golf balls led to an 42 percent decrease in quantity demanded, then the demand for golf balls is relatively elastic.

A relatively elastic demand is one in which a change in the price of a good or service will have an effect on the quantity required of that good or service. A product or service is typically said to as having significant price elasticity when there are numerous alternatives available.

The range of moderately elastic demand's numerical value is from one to infinity. In a market where demand is highly elastic, if a good's price goes up by 25%, demand for that good must correspondingly go down by more than 25%.

To know more about price elasticity refer to:

brainly.com/question/5078326

#SPJ4

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Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company’s products, a football helmet for the N
Alik [6]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

During the quarter ending June 30, the company manufactured 3,700 helmets, using 2,368 kilograms of plastic. The plastic cost the company $15,629. According to the standard cost card, each helmet should require 0.56 kilograms of plastic, for $7.00 per kilogram.

A) Standard quantity.

SQ= 0.56kg * 3,700 helmets= 2,072 kg el plastic.

B) Standard cost.

SC= 2,072 kg* $7= $14,504

C) Material spending variance.

MSvariance= real cost - estimated cost=  15,629 - 14,504= $1,125 unfavorable

D)

Material price variance= (standard price - actual price)*actual quantity= [7 - (15,629/2,368)]*2,368= $947 unfavorable

Material quantity variance= (standard quantity - actual quantity)*standard price= (2,072 - 2,368)*7= $2,072 unfavorable

5 0
3 years ago
Suppose the U.S. yield curve is flat at 3% and the euro yield curve is flat at 5%. The current exchange rate is $1.4 per euro. W
Kruka [31]

Answer: hello your question is incomplete attached below is the complete question.

answer :

3.02 million,    2.96 million,    2.91 million

Explanation:

<u>Determine the swap rate over a 3-year period</u>

swap rate = forward exchange rate * exchange amount

For year 1

1.4 * ( 1 + 0.03 / 1 + 0.05 ) * 2.2 million

= 1.4 ( 0.98095 ) * 2.2

= 3.02 million

For year 2

1.4 * ( 1 + 0.03 / 1 + 0.05 )^2 * 2..2 million

= 1.4 ( 0.98095 )^2 * 2.2 million

= 2.96378 million

For year 3

1.4 * ( 1 + 0.03 / 1 + 0.05 )^3 * 2.2 million

= 1.4 ( 0.98095 )^3 * 2.2 million

= 2.90733 million  

3 0
2 years ago
Through coordinating partnerships with dedicated suppliers, Warby Parker have ensured quality, built a lean manufacturing operat
Sedbober [7]

Answer:

B. Profit / Economic

Explanation:

The triple bottom line addresses three factors that a socially responsible company must adhere to. The People / Social factor discusses the importance of the social needs of the customers which the customer must fulfill. The Planet / Environment factors are the factors that discusses about the responsiblity of the company to manufacture environmental friendly products that do not harm the environment and is sustainable. The Profit / Economic factor is one of the three factor which company must try to earn profit to keep the business running and thus benefits by earning profit to a lot of stakeholders.

The quality product is a reason why the customer prefer the company's product which helps the company in making profit. So the profit / economic factor is the right option.

6 0
3 years ago
Susan is initially offered a new SUV for $24,000 and agrees to buy it. But when the sales manager comes back after getting some
Olin [163]

The increase of the new SUV from $24,000 to $26,000 after the agreement illustrates a low-balling technique.

<h3>What is a low-balling technique?</h3>

This is a tactics used when the persuader gets a person to commit to a low offer that they have no intention of keeping and then, the price is suddenly increased.

Hence, the increase of the new SUV from $24,000 to $26,000 after the agreement illustrates a low-balling technique.

Read more about low-balling technique

<em>brainly.com/question/14565653</em>

#SPJ12

6 0
1 year ago
According to the philosopher Immanuel Kant, the right of employees to know the nature of the job they are being hired to do and
ale4655 [162]

Answer: Free consent

Explanation:

According to the given question, in an organization the employees has the rights for knowing the job nature and this scenario reflect the basic right of free consent.

 As, the free consent is basically refers to the legal term which is used for describing about the agreement between the two parties including all the terms and the conditions according to the section 13.

In the free consent agreement both the parties must be agree on all the conditions. Therefore, Free consent is the correct answer.

 

5 0
3 years ago
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