Answer:
Make the demand curve more inelastic
Explanation:
Substitute goods are goods that can be used in place of another good.
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Acquiring a firm that sells a substitute good will reduce the amount of competition a firm's good faces so consumers would have less options of goods available to purchase. This makes their demand more inelastic. If price increases, consumers have little or no options they can substitute to, so they continue to demand for the product.
Answer:
$162
Explanation:
As we know that
1 square feet = 0.1 square yard
which means
10,000 square feet = 0.1 × 10,000
= 1,000 square yards
And, the given cost is $27
So, the cost for 6,000 square yards would be
= (6,000 square yards × $27) ÷ (1,000 square yard)
= ($162,000) ÷ (1,000 square yard)
= $162
We applied the unitary method for above calculation.
Answer:
The answer is: C) Soft drinks
Explanation:
For this example we can use how the Coca Cola Company (we will call it C.C.C.) works around the world. The C.C.C. headquarters produce only the basic syrup (main and key ingredient) for the manufacturing of Coke around the world. Then it delivers it to hundreds of different factories located around the world and owned by different corporations that are licensed to manufacture, produce and sell Coke in their specific markets.
They do this because it would be almost impossible for C.C.C. to manufacture and deliver Coke produced only in Atlanta to the rest of the world. Due to its weight and volume the costs of transportation would be tremendous for every single bottle or can. Coke starts as a syrup and then they add water, sugar (sweeteners), carbonic gas, etc., and then they bottle it. All this is done to reduce logistics and transportation costs.
Answer:
For the first 2 we calculate the future value:
(A)856
(B)1,122.04
(C) and (D) thre present value will be 800
Explanation:
856
1,122.041358
True.
The Principle of Utility says actions are <u>right </u>when they promote happiness or pleasure, and wrong when they cause unhappiness or pain. So in order to figure out if something is right or wrong you will first have to know if it promotes happiness.