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olganol [36]
3 years ago
15

If a 20 percent increase in the price of red bull energy drinks results in a decrease in the quantity demanded of 25 percent, th

e price elasticity of demand for those drinks is _____ elastic/inelastic
Business
1 answer:
yanalaym [24]3 years ago
4 0

The correct answer is that the price elasticity of demand is elastic.

Price elasticity occurs when a change in price results in a change in demand. In this example, a 20 percent increase in the price of the drinks resulted in a 25 percent decrease in the demand for the product. Because the price increase resulted in a demand decrease the price is elastic.

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Symbolic interactionists believe that the social value of the elderly in america ________ when the economy shifted being agricul
tekilochka [14]
<span>Symbolic interactionists believe that the social value of the elderly in America decreased when the economy shifted being agricultural to industrial. 
This may be completely true - industrial era means more use of technology, and usually, the elderly aren't that keen on using new technology. This also means that they are less and less relevant when it comes to the social life in America which is always growing and developing.</span>
3 0
3 years ago
Luthan Company uses a predetermined overhead rate of $22.60 per direct labor-hour. This predetermined rate was based on a cost f
Anit [1.1K]

Answer:

$248,600

Explanation:

The computation of amount of manufacturing overhead is shown below:-

Amount of manufacturing overhead would have been applied = Predetermined overhead rate × Actual direct labor-hours

= $22.60 × 11,000

= $248,600

Therefore for computing the amount of manufacturing overhead we simply multiply the Predetermined overhead rate with Actual direct labor-hours

5 0
3 years ago
Which part of the passage hints at Helen's efforts of ensuring visibility on social media sites?
jekas [21]

Answer: She updates her online profile regularly and participates in work related online discussions.

Explanation:

3 0
3 years ago
A firm produces and sells two products, Plus and Max. The following information is available relating to setup costs (a part of
Ad libitum [116K]

Answer:

Apportioned set-up cost

Plus =$21,600

Max=$43,200

Explanation:

Activity-based costing is a form of absorption costing where overheads are charged to product using cost drivers.  

<em>Under this method, overheads are first analyzed and categorized by the activities responsible for them and then charged to product based on the amount of benefits enjoyed using cost drivers. </em>

<em>The cost driver in this scenario is the number of set-ups</em>

Activity rate per driver is calculated as:  

Activity overhead for the period / Total cost drivers for the period

So, we can apply this formula to the scenario above:

Set-up overhead= $64,800

Total set-ups for the period = 20 + 40 = 60

Overhead cost per set-up = $64,800/60=1,080

Set-up cost allocation:

Plus - 20 × 1,080=$21,600

Max- 40 × 1,080=$43,200

Apportioned set-up cost

Plus =$21,600

Max-=$43,200

3 0
3 years ago
If you made a 17% profit on the $76,000 sale of a lot, how much did you pay for the lot?
Rina8888 [55]

For this case, the total percentage paid for the land is given by:

100 - 17 = 83

Then, we can make the following rule of three:

76000 ----------------> 100%

x -----------------------> 83%

From here, we clear the value of x.

The value of x is the amount that was paid for the lot.

We have then:

x = (83/100) * (76000)\\x = 63080

Answer:

You paid 63080 $ for the lot

3 0
3 years ago
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