1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nadezda [96]
3 years ago
11

Each month jessica buys exactly 15 big macs regardless of the price. jessica's price elasticity of demand for big macs is:

Business
2 answers:
faust18 [17]2 years ago
7 0

Price of elasticity of demand represents the measure of the change in the quantity demanded of a product in relation to its price change. The fact that Jessica buys each month exactly teh same quantity of the roduct (Big Mac) no matter what the price of the product ismeans that Jessica's price elasticity of demand for Big Macs is: 0.

In this situation the price of the product does not affect the demand.


vodka [1.7K]2 years ago
3 0
<span>Price elasticity of demand is a measure of the relation between consumer demand for a good and the price for that good. A higher elasticity value means that for each differential change in the price of that good, consumers will buy significantly more or less of the item. However, in this case, the consumer is buying the exact same amount of the product each month, regardless of the price. As such, an economist would say that Jessica's demand for Big Macs is completely inelastic; that is, the value of the price elasticity is zero.</span>
You might be interested in
"Which of the following is NOT a symptom of potential investment scams? a.Pressures to get in early on the investment. b. A busi
Simora [160]

Answer: Promise of returns comparable to Treasury bonds.

Explanation: Treasury bonds are debt security assets bought from the government of the United States which have a fixed interest rate, and a maturity period of about 10 years. They are very safe form of investment with little risk involved.

An investment with returns similar to that of treasury bonds, can be a legit form of investment because the interest rate is relatively reasonable.

6 0
3 years ago
A nonprofit group organizes its local fundraisers in teams, with each of its L team leaders responsible for D group directors, a
Akimi4 [234]

Answer:

Each of L team leaders has D group directors, making the total number of group directors equal to (L)(D). And each of those group directors has F fundraisers, again requiring multiplication: that total is (L)(D)(F). (You can try this by plugging in small numbers - if each of 2 leaders has 3 directors, you know there would be 6 directors)

So while statement 1 is not sufficient (there are multiple combinations that could get you to 81, such as L = 1, D = 2, and F = 39; or L = 1, D = 5, and F = 15), statement 2 guarantees that there is only one team leader. This is because 5 is a prime number, and you know that the number of group directors = LD. The only possible way for LD to equal 5 is if L is 1 and D is 5, or if D is 1 and L is 5. And since the stimulus tells you that there are more directors than leaders, the combination must be 5 directors and 1 leader. Accordingly, statement 2 is sufficient.

Explanation:

4 0
3 years ago
You buy 100 shares in a no-load mutual fund at its net asset value of $10. during the year, the mutual fund distributes $0.75 in
Wittaler [7]
<span>Sale Proceeds of Mutual Funds = 100 Shares * $12.03 = $1203 Add: Dividend Earned on shares = 100 Shares * $0.75= $75 Less: Purchase cost of shares = 100 Shares * $10 = $1000 Less: Exit fees = $1203*5.5% = $66.17 Net Income from Investment = $211.83 Earning in %= $211.83 / $1000 = 21.18%</span>
5 0
3 years ago
In a 1988 study, Fama and French found that the return on the aggregate stock market was __________ when the dividend yield was
Lisa [10]

Answer:

A. higher

Explanation:

Fama And French did the risk factor study on stock, which clearly stated that when there is a high dividend yield then the stocks would perform good even in the market.

thus, this clearly reflects that when the market is high for stock returns then the dividend yield is also high.

This is basically the proportional reaction, as when the stock return is higher whether in terms of value addition or cash returns then only the dividend return would also be higher.

Correct option in this case will be:

A. Higher.

6 0
3 years ago
Which of these outcomes become more likely for someone with strong personal finance skills? Check all that apply.
expeople1 [14]
There were no choices.

However, to give some points on people with strong finance skills can manage a financial standing. 

They would probably know when to spend or not depending on the cash, savings or earnings that they have. They can have estimations whether they are financially capable of every purchase.  One other thing is they know the difference between a want and a need so they are focused on the needs which are priorities. 
6 0
3 years ago
Other questions:
  • Barton's Taco Tico has four taco makers and ten other employees who take orders from customers and perform other tasks. The four
    14·1 answer
  • Rick's wholesale office supplies prefers to handle its accounts receivable itself, but it also needs to use them to facilitate s
    6·1 answer
  • What is the foremost strategic issue that must be addressed by firms when operating in two or more foreign markets? multiple cho
    10·1 answer
  • When generating a globalized marketing plan, a Japanese company called Trusco decided to implement a localization strategy when
    9·1 answer
  • A good example of central planning at work in the U.S. would be: Select one:
    6·1 answer
  • 1. Increasing your 401k deduction will ________ your take-home pay and __________ your federal taxes in the current year.
    13·1 answer
  • Explain two reasons why accurate market research information is important
    14·1 answer
  • In the bona fide need obligation rule for requesting funds to fund warfighters, what critical questions do you ask to ensure adh
    6·1 answer
  • Giancarlo has received an inheritance from his rich uncle and is contemplating the purchase of a Suzuki XL7. In an attempt to ma
    15·1 answer
  • Agricultural land includes all of the following EXCEPT which?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!