Answer:
It should price the espresso at $1.25
Explanation:
The best Income is generated at the price of 1.25 dollar
Therefore, this is the amount to Specialty Coffees set for espresso.
Answer:
C)some inputs are fixed and some inputs are variable.
Explanation:
Usually, the fixed cost are usually fixed for a some levels of activity. However, as the level of activities increases, the fixed cost may also increase.
Variable cost on the other hand changes directly as the level of activities (say number of units produced) changes.
As such, in the short run, some inputs are fixed and some inputs are variable.
Option C is right.
Answer:
-2.5
Explanation:
Elasticity of demand measure the responsiveness of demand against the change in price of the product. It shows how much demand changes if there is the change in price.
Change in Quantity = ( S2 - S1 ) / [ ( S2 + S1 )/2 ]
Change in Quantity = ( 800 - 1,000 ) / [ ( 800 + 1,000 )/2 ]
Change in Quantity = -200 / 900
Change in Quantity = -0.2222222
Change in price = ( P2 - P1 ) / [ ( P2 + P1 )/2 ]
Change in price = ( $35 - $32 ) / [ ( $35 + $32 )/2 ]
Change in price = $3 / $33.5
Change in price = 0.090
Elasticity of Supply = Change in Quantity / Change in Price
Elasticity of Supply = -0.2222222 / 0.090 = -2.5
Elasticity of Supply = 0.597 = 0.60
Answer: Option (C)
Explanation:
The theory of demographic transition is referred to as or known as the historical shift that tends to happen in the demographics from the phase of high birth rate and high death rate in the societies with the minimal technology, economic development, education to the demographics of very low birth rate and also low death rate in the societies with an advancement in technology, economic development, education.
During the Stage 4 there is low birth rate and also low death rate in the society .
Answer:
sole proprietorship
Explanation:
In simple words, Unique property could be described as a business framework controlled and run by a single individual, therefore there is no separate legal entity and his corporation. It is a form of basic business framework, which is usually used for individuals who start up some sort of corporation.
This is therefore the greatest suitable form of business for the statement of the problem, because in this framework there is really only one proprietor in the corporation who ensures his ultimate responsibility with all earnings, debt obligations and failures underlying in the commercial enterprise.