Ask question

Ask question

All categories

3 years ago

5

Marketers selling milk, bread, and other consumer staples know most customers do not spend much time searching or comparing alte

rnatives. for most consumers, these are _____________ goods.

1 answer:

ivanzaharov [21]3 years ago

5 0

<span>The answer is convenience.</span>

You might be interested in

Which statement is accurate about safe posture?

-Dominant- [34]

Hello! Here is the answer to your question.

<span> Safe posture includes keeping the natural S-curve in your back.

I hope this helps you and have a Great day!</span>

5 0

4 years ago

Which function has the greatest constant of variation?

KatRina [158]

I think it’s B because the others aren’t constantly going up or down by the same amount if so please give brainliest or however it’s spelled thank you

5 0

3 years ago

Read 2 more answers

Whole Grain Bakery purchases an industrial bread machine for $30,000. In addition to the purchase price, the company makes the f

Andrei [34K]

Answer:

The initial cost of the bread machine is $37,500

Explanation:

Initial cost is the sum of all the expenditure incurred from the purchase of asset to make it usable for the business. It includes purchase price, transportation cost, testing costs etc.

Bread Machine

Purchase price $30,000

Freight $2,000

Installation $4,000

Testing <u>$1,500 </u>

Total Initial Cost <u>$37,500</u>

6 0

3 years ago

During the current year, Cary and Bill incurred acquisition debt on their residence of $1,300,000 and a home equity loan of $200

77julia77 [94]

Answer:

qualified acquisition debt = $750,000

qualified home equity debt = $0

Explanation:

Qualified acquisition debt refers to the debt incurred to purchase or build your home. In this case, Cary and Bill are allowed to itemize the interests paid for up to $750,000 of the acquisition debt ($375,000 if filing separately). This limit was reduced due to the TCJA of 2017, and will remain in place until 2025. After 2025, the limit will return to the normal $1,000,000.

Certain amount of interests on qualified home equity loans will also return in 2025, but currently they are not deductible.

8 0

4 years ago

Rain spoils the strawberry crop, the price of strawberries rises from $2 to $4 a box, and the quantity demanded decreases fr

Veseljchak [2.6K]

Answer:

a. Price elasticity of demand is 3.5.

b. Demand for strawberries elastic.

Explanation:

a. Calculate the price elasticity of demand over this price range.

Price elasticity of demand can be calculated as the percentage change in price divided by percentage change in quantity demanded.

We can therefore proceed as follows:

Percentage change in price = [(4 - 2) ÷ 2] × 100 = 100%

Percentage change in quantity demanded = [(1,400 - 1,000) ÷ 1,400] × 100 = 28.57%

Price elasticity of demand = 100% ÷ 28.57% = 3.5

Therefore, the price elasticity of demand over this price range is 3.5.

b. Describe the demand for strawberries.

Since the calculated price elasticity of demand of 3.5 is greater 1, this implies that demand for strawberries elastic. That is, customers are sensitive and more responsive to the change in price of strawberries.

8 0

4 years ago