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My name is Ann [436]
3 years ago
8

Demand for food doesn't change in response to a change in price. Why? 

Business
2 answers:
Butoxors [25]3 years ago
7 0
The price of elasticity of the product maybe considered inelastic since there is little to no responsiveness to the change in price of the product. A factor or reason can be that it is a necessity so persons still have to buy the product no matter the change in price.
MAXImum [283]3 years ago
5 0

Answer:

Demand for food is inelastic

Explanation:

Inelastic demand means that people buy about the same amount of goods whether the price drops or rises. In this case, food demand doesn't change in response to a change in price. This behaviour is common with things that (despite the price) people must have, like food or gasoline.

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Based on current dividend yields and expected capital gains, the expected rates of return on portfolios A and B are 12% and 16%,
monitta

Answer:

Alpha for A is 1.40%; Alpha for B is -0.2%.

Explanation:

First, we use the CAPM to calculate the required returns of the two portfolios A and B given the risks of the two portfolios( beta), the risk-free return rate ( T-bill rate) and the Market return rate (S&P 500) are given.

Required Return for A: Risk-free return rate + Beta for A x ( Market return rate - Risk-free return rate) = 5% + 0.7 x (13% - 5%) = 10.6%;

Required Return for A: Risk-free return rate + Beta for B x ( Market return rate - Risk-free return rate) = 5% + 1.4 x (13% - 5%) = 16.2%;

Second, we compute the alphas for the two portfolios:

Portfolio A: Expected return of A - Required return of A = 12% - 10.6% = 1.4%;

Portfolio B: Expected return of B - Required return of B = 16% - 16.2% = -0.2%.

8 0
3 years ago
G. How trustworthy do you think the secondary source is? Do you think this source
melomori [17]

Answer: The secondary source on a topic may be biased because the information is translated and the text and information could be altered

Explanation:

3 0
3 years ago
Dazzle Inc produces beads for jewelry making use . The following information summarizes production operations for June . The jou
Harman [31]

Answer:

Missing wordings <em>"Direct materials used $104,000, Direct labor used 177,000, Predetermined overhead rate (based on direct labor) 160 %, Goods transferred to finished goods 449,000, Cost of goods sold 461,000, Credit sales 980,000"</em>

<em />

Factory overhead = Direct Labor used * Predetermined Overhead rate

Factory overhead = 177,000 * 160%

Factory overhead = 283,200

Journal Entry                           Debit          Credit

Work in Process Inventory   $283,200

   Factory Overhead                                 $283,200

3 0
3 years ago
While implementing an affirmative action plan, an employer is expected to do all of the following except:establish objectives th
Zigmanuir [339]

Answer:

set quotas for the underrepresented groups, and ensure they are met even if it is necessary to hire a less qualified candidate.

Explanation:

Business strategy sets the overall direction for the business because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan.

Planning is a term used to describe the process of developing the organization's objectives and translating those into courses of action.

This ultimately implies that, planning is a strategic technique used by organizations to make an aggregate plan for its manufacturing (production) process typically ahead of time, in order to have an idea of the level of goods that are to be produced and what resources are required so as to reduce the total cost of production to its barest minimum.

While implementing an affirmative action plan, an employer is expected to do all of the following;

I. Establish objectives that can be met by applying good faith efforts.

II. Make all employment decisions in a nondiscriminatory manner.

III. Ensure that hiring objectives do not establish a floor or a ceiling for employment of certain groups.

8 0
3 years ago
Bella has a credit score of 720. Based on the graph, which description most likely explains her score?
pshichka [43]

Answer: The correct answer is that she pays her bills on time and does not have a lot of debt.

Explanation: A credit score of 720 is a good credit score, based on the graph.  A good credit score means that you pay your bills on time and do not have too much debt.

4 0
3 years ago
Read 2 more answers
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