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Rudiy27
1 year ago
10

The ratio of the percentage change in the quantity supplied of a good/service/e-good/e-service to a given percentage change in i

ts price, or cost, is known as the price elasticity of supply. True False
Business
1 answer:
KiRa [710]1 year ago
4 0

The answer is true. The percentage change in quantity supplied as a result of a specific percentage change in the commodity's own price is known as price elasticity of supply.

It is determined by dividing the percentage change in the quantity delivered by the percentage change in the commodity's price. These factors impact the price elasticity of supply: Number of producers: simplicity of entrance. Spare capacity: If there is a change in demand, it is simple to expand production. Switching is simple when production of the good may be changed, making the supply more elastic. The availability of non-essential items like soft drinks.

To learn more about supply, click here.

brainly.com/question/13296654

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Brand equity is the: Question 3 options:
natali 33 [55]

Answer:

d) association a consumer places in a brand with an organization.

Explanation:

Brand equity referes to the commercial value of a brand that a costomer perceives from the brand name. it is the value associated with the brand and not its product or services.

8 0
3 years ago
Todd’s parents are going to visit him, and he wants to take them out for dinner to an upscale restaurant. He is not sure about w
Marizza181 [45]

Answer:

d. Expertise

Explanation:

Based on the information provided within the question it can be said that the characteristic that Todd most likely considered was his boss' expertise. This term refers to the expert skill or knowledge that an individual may have in a specific field or area. Since Todd's boss often patronizes upscale restaurants Todd believes that he has a lot more knowledge than most on that topic.

3 0
3 years ago
The ideas of Adam Smith and Karl Marx 1. ___ used the metaphor of the "invisible hand" to: a. Describe how the individual pursui
melisa1 [442]

Answer: 1. A - Describe how the individual pursuit of self-interest works to promote the interest of the public as a whole

2. A- Both Adam Smith and Karl Marx believed that humans are motivated by self-interest

Explanation:

1. According to Adam Smith who is known as the father of modern economics stated in his thesis that individual's self-interest and freedom of production as well as consumption is in the best interest of the society as a whole.

Each Individual's free exchange creates signals about which goods and services are valuable. These signals will spontaneously direct competing consumers, producers, distributors, and intermediaries—each pursuing their individual plans— to fulfill the needs and desires of others.

Smith’s invisible hand became one of the primary justifications for an economic system of free market capitalism.

2. Pairing that best describes Adam Smith's view of human motivation in a market economy and Karl Marx's view of human motivation in a communist economy: Both Adam Smith and Karl Marx believed that humans are motivated by self-interest as they both believe that the economy is a capitalist economy that all its good and services are in the hands of private individuals.

7 0
3 years ago
What labor-related factors should be considered when deciding where to locate production?
ycow [4]

Answer and explanation:

Labor is one of the main factors that can drive a company to success or failure. When deciding where to locate production the labor-related factors to take into account are labor skills (<em>employees' knowledge</em>), labor costs and productivity (<em>wages and how their levels can affect employees' performance</em>), and labor laws (<em>employees' benefits according to where they work</em>).

5 0
3 years ago
an investment property generates a cash flow of $420,000 and appraises for $8,800,000. what is the owner’s return on investment?
Licemer1 [7]

The owner’s return on investment  is $4,583,000

Investment definition is an asset received or invested in to build wealth and keep money from the tough earned earnings or appreciation. funding that means is generally to reap a further source of profits or benefit take advantage of the funding over a selected period of time.

Making an investment is a powerful way to put your money to work and probably build wealth. smart investing may additionally allow your money to outpace inflation and boom in value. The greater growth potential of investing is primarily because of the power of compounding and the chance-go-back tradeoff.

Within the maximum sincere feel, investing works when you buy an asset at a low rate and promote it at a higher price. This sort of go back to your investment is called a capital benefit. earning returns with the aid of selling assets for a profit—or figuring out your capital profits—is one way to make cash investing.

$550,000 ÷ 0.12 = $4,583,000

Learn more about investment here brainly.com/question/25300925

#SPJ4

3 0
2 years ago
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