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galina1969 [7]
3 years ago
8

Nathan owns a quick-lube oil service station. He wants to understand whether his customers are sensitive to price and if he shou

ld raise or lower his price for some of his services. What should Nathan calculate to make his decision?
Business
1 answer:
miv72 [106K]3 years ago
5 0

Answer: Elasticity

Explanation:

 According to the given question, Nathan is basically use the elasticity factor for the purpose of calculation that helps in making various types his decisions as elasticity is one of the main factor that helps in measuring the economical price change.    

 Elasticity is one of business degree in which we used to measure the good change in the services and the price of the products. The elasticity is one of the type of ability that helps in understating the change in the demand of the consumer.

 Therefore, Elasticity us the correct answer.

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Kay [80]

Answer:

B) Single agency.

Explanation:

In real estate, a single agency relationship means that the broker can only represent one of the parties involved in the transaction, either the buyer or the seller, but he/she cannot represent both parties. Most broker-client relationships are single agencies, since that way the broker should pursuit his/her client's best interest.

In a dual agency relationship, the broker represents both he seller and the buyer.

8 0
3 years ago
Abby, Bobbi, and Deborah each buy ice cream and paperback novels to enjoy on hot summer days. Ice cream costs $5 per gallon, and
umka2103 [35]

Answer:

b. The slope of the budget constraint is the same for each woman.

Explanation:

Budget Line is the combination of two goods that a consumer can buy, given prices & money income (all spent).

Equation : p1x1 + p2x2 = m ;

where p1 & p2 are price of good 1 & 2 , x1 & x2 are quantities of good 1 & good 2 , m = money income  

  • Abby's Budget Line : 5I + 8N = 80
  • Bobbi's Budget Line : 5I + 8N = 60
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Slope of Budget Line represents change (sacrifise) of a good needed to get change (gain) of other good, given same prices & income.

Slope = ΔY/ΔX = Px / Py

Since prices are same for each woman, price ratios & hence the slope of budget line will also be same for all of them.

3 0
3 years ago
What happens to your tax liability with proper financial planning?
Ilya [14]

Answer:

Minimize is the correct answer for plato users

Explanation:

3 0
3 years ago
Read 2 more answers
Suppose that two things happen simultaneously in the market for fish. First, a new technology allows fishing boats to catch more
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Number 1 = decrease
number 2= have an ambiguous change
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The earned value system starts with the time-phased costs that provide the project baseline, which is called the ___________.a.
nikklg [1K]

Answer:

A. Planned budgeted value of work scheduled.

Explanation:

Earned Value system is a technique used in project management in estimating how well a project is doing in terms of the project budget and allocated schedule. It is used in estimating project efficiency in terms of the estimated deliverables. It helps in checking of the project is going according to "plan". Project efficiencies are measured against the baseline of a project which is the planned budgeted value of work with the aid of earned value system in order to quickly track any deviations in the project.

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3 years ago
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