Convey the message is your answer
Answer: Elasticity is -1.2
Explanation:
Price elasticity of demand measures the responsiveness of quantity demand to a change in the price of the good.
Change in price = $7 - $5 = $2
Change in Quantity = 100 - 150 = - 50
Elasticity using the Ac method is,
Thus, elasticity of demand for appetizers is -1.2.
Answer:
Hi
The logistics system of any company usually has the options of an external offer framework, specifying the use of the service of specification of agents of the environment through alliances and subcontracting, always looking for better levels of specialization that return in the achievement of the cables. In this sense, the logistics system tries to balance a permanent coordination scheme with all operating elements.
For the strategy and operation of logistics, it is necessary to build a strategic plan aligned with the strategic business plan, where it is necessary to detail the mission, vision, strategic objectives and program of actions to guide logistics management at all levels, planning inventories, supply, product receipts, mobility, third-party services, distribution and customer service. Given this, the bias associated with the traditional management of incidents or claims to be part of a proactive approach that plays a key role in improving the competitiveness of the company is avoided.
Explanation:
From the weekly output given, the average multifactor productivity will be 1.447.
<h3>How to calculate the average multifactor productivity</h3>
From the complete information, the following can be deduced:
Week 1:
Input cost = 35660
Output cost = 51500
Week 2:
Input cost = 31800
Output cost = 45500
Week 3:
Input cost = 33500
Output cost = 49000
Week 4:
Input cost = 35160
Output cost = 51000
Total input cost:
= 35660 + 31800 + 33500 + 35160
= 136120
Total output cost:
= 51500 + 45509 + 49000 + 51000
= 197000
Average multifactor productivity
= Output / Input.
= 197000 / 136120
= 1.447
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Answer:
a) fixed factory overhead.
b) direct materials.
c) direct labor.
d) fixed selling expenses
Explanation:
Absorption costing product costs consist of variable and fixed manufacturing overheads. The total of which will appear in the cost of goods sold.
All non manufacturing costs (fixed and variable) are treated a period and are expensed during the period.