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3241004551 [841]
1 year ago
5

If a buyer has a critical or more important use of the product then the inelasticity of the demand increases. what factor is aff

ecting elasticity in this scenario?
Business
1 answer:
Ghella [55]1 year ago
3 0

If a buyer has a critical or more important use of the product then the inelasticity of the demand increases, then it is the importance of the product affecting elasticity.

A product is considered inelastic if its demand remains static even if there is a significant price change. It is generally the basic necessity product that are considered as inelastic product. Inelastic demand of the product ensures the adequate supply of goods. In inelastic demand case the quantity demanded is same despite the change in price and the demand curve is graphed out as a vertical line. These goods have no substitutes ensuring the quantity demanded remains unaffected.

In case of fall in the price, the demand remains same, generating less revenue. On the other hand, if price hikes, the business earns significant profit.

To learn more about inelastic demand click here:

brainly.com/question/13572905

#SPJ4

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discuss what the scatter chart inidcates about the relationship between profits and market capitalization
Leona [35]

The scatter chart indicates that there is a positive linear relationship between profits and market capitalization.

<h3>What is a Scatter chart?</h3>

This is defined as a mathematical diagram which uses dots to represent values for two different numeric variables.

In this case, the scatter is relatively small with a positive slope which depicts a positive linear relationship between the variables.

Read more about Scatter chart here brainly.com/question/6592115

5 0
2 years ago
Computers makes 5 comma 900 units of a circuit​ board, CB76 at a cost of $ 290 each. Variable cost per unit is $ 220 and fixed c
blondinia [14]

Answer:

There is a loss on buying from outside supplier ,Peach's offer should not be accepted.

Explanation:

Variable cost is a cost that varies with number of units produced or sold so it is always a relevant cost while making decision.

Fixed cost remains constant irrespective of number of units so it is a irrelevant cost unless avoidable.So in the given case ,fixed cost $70 is irrelevant since same will be incurred whether purchased or manufactured.

Incremental savings  

Saving in variable cost   220

saving in fixed cost   25

Total saving                   245

less: Incremental cost (270)

Incremental profit /(loss) on buying from outside supplier (25)

Total loss 25*5900= -147500

Therefore, There is a loss on buying from outside supplier ,Peach's offer should not be accepted.

4 0
3 years ago
What types of information could you collect to monitor potential political “trouble spots” around the world?
zlopas [31]

Answer:

The types of information could you collect to monitor potential political “trouble spots” around the world involves having a keen observation of various countries with the following:

1.  Communism or Totalitarianism style of governance

2.  Low General Standard of Living

3.  Few Resource level and control of resources by the few such as Oligarchy

4.  High unemployment rate

5.  Low Literacy status

6.  High Inflation rate

7.  Political instability

8. Increased population expansion rate

9.  Wide-ranged income unevenness

4 0
3 years ago
If fixed costs increased and variable costs per unit decreased, the break-even point would_______________.
Aleksandr-060686 [28]

Answer:

The correct option is D,cannot be determined from the data provided

Explanation:

Break-even points in units=fixed costs/contribution margin per unit

Contribution margin per unit =selling price -variable cost

In other words, from the scenario, it is clear that the numerator fixed costs has increased and also a reduction in variable cost per unit implies an increase in contribution margin per unit since a lesser variable cost is being deducted from selling price.

The impact of both increases in fixed costs and contribution margin cannot be determined except if more details is provided which will give further guidance regarding which of the two increased at a higher rate compared to the other.

5 0
3 years ago
A percentage of the money the salon takes in from sales may be offered to practitioners as a:
Stells [14]
The percentage of the money given to practitioner is called "commission"
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