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lisabon 2012 [21]
3 years ago
7

Jenna isn’t sure if she should buy an extended warranty for her new laptop. Use the PACED decision-making process to help her de

cide. Here is some information you will need to know: The laptop costs $950, and the cost of the extended warranty is $99. The extended warranty covers everything for five years. Under the extended warranty, the repairs may be done at a local store. Otherwise, the laptop will need to be sent to the manufacturer for repairs. The laptop comes with a one-year limited warranty. Repairs may cost anywhere between $50 and $450.
Business
1 answer:
Vladimir79 [104]3 years ago
7 0
Problem: 
Buy extended warranty for $950 laptop or not?

Alternative:
1) Buy extended warranty
2) Not buy extended warranty

Criteria:
Practical and cost saving in the long-run

Evaluate Alternatives:
1) <span>Buy extended warranty </span>
       con:<span> pay additional $99. </span>
       pro: <span>5 year warranty coverage. </span>
       pro: repairs may be done at a local store

2) Not buy extended warranty
       pro&con: laptop comes with one-year limited warrant
       pro: no additional payment
       con: repairs will be done by manufacturer 
<span>       con: repair costs range from $50 to $450
</span>
Decision:
BUY EXTENDED WARRANTY
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The price of the water needs to be raised by 40% when the consumption of water reduces by 10% and the price elasticity of demand results to 25%.

<h3>What is meant by the price of elasticity of demand?</h3>

The price elasticity of demand is determined as the proportionate variation in quantity with respect to variation in the price of a good.

Given values:

Change in water consumption (fall): 10%

Price elasticity of demand: 25%

Computation of percentage change in the price of water:

\rm\ Change \rm\ in \rm\ price \rm\ of \rm\ water=\frac{\rm\ Change \rm\ in \rm\ water \rm\ consumption}{\rm\ Price \rm\ elasticity \rm\ of \rm\ demand} \\\rm\ Change \rm\ in \rm\ price \rm\ of \rm\ water=\frac{10\%}{25\%} \\\rm\ Change \rm\ in \rm\ price \rm\ of \rm\ water=40\%

Therefore, there is an increase in water price by 40%.

Learn more about the price elasticity of demand here:

brainly.com/question/15010897

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6 0
2 years ago
Fraudulent financial reporting is the only type of fraud that involves making false or misleading entries in the books of the co
Goshia [24]
The correct answer is true
6 0
3 years ago
Over time, technological advance increases consumers' incomes and reduces the price of smartphones. Each of these forces increas
viva [34]

Answer: The correct option is C. One, zero.

Explanation:

When income elasticity is greater than one, it indicates that the quantity demanded is greater than the rise in income.

As quantity demanded increases, it will lead to a decrease in price to the extent that the percentage change in price will outweigh the percentage change in quantity demanded, meaning that the price elasticity is greater than zero.

When these two elasticities are combined, the resulting effect will be an increase in the level of consumer spending on smartphones.

7 0
3 years ago
I'LL GIVE BRAINLIST!!!! AND 50 POINTS!!!!
den301095 [7]

the value of accomplishment, success, or reaching your work goals *achievement*

how much you value your surrounding work environment and your level of activity, independence, pay, and security

*comfort*

the value of social service, or having moral values in your work

*altruism*

your level of self-independence and creativity to do your job the way you would like to do it

*autonomy*

how much you value advancement in the company and the social status you get from your job

*status*

how much you value a company’s policies and procedures, and supervision of the actions of other employees

*safety*

Im 100% correct

8 0
3 years ago
Read 2 more answers
Hayes Corporation has $300 million of common equity on its balance sheet and 6 million shares of common stock outstanding. The c
Aleksandr [31]

Answer: $77

Explanation:

Given the following;

Total Book value of common equity = $300,000,000

Total outstanding shares = 6,000,000

Market Value Added (MVA) = $162,000,000

Stock price =( Market value of equity + Total Book value of equity) ÷ Number of outstanding shares

Stock price = ($162,000,000 + $300,000,000) ÷ 6,000,000

Stock price = $462,000,000 ÷ 6,000,000

Stock price = $77

Company's stock price is $77

6 0
3 years ago
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