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3 years ago

"a good with many substitutes will have a _ curve that is relatively _ elastic than a good with few substitutes."

1 answer:

6 0

It will have a demand curve that is relatively more elastic than a good with few substitutes. This is because people are able to obtain the good from other places, so there is more flexibility in the curve itself.

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Which of the following statements is true of low customer contact businesses? a. Customer access is relatively important when co

Neko [114]

Answer:

the answer is B

Explanation:

why ? most of the company's care about the customer , but it depends how big is their market and also what they are offering , so the small restaurants or even dry cleaners , their business are not without huge demand , the customer and the restaurant have a low contact, or the usually use a complaints and claims box where the customer can express your opinion of the restaurant service.

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3 years ago

A company uses the finite replenishment model to determine the optimal quantity to produce. There are days a year over which dem

SVEN [57.7K]

Answer:

16.1 days

Explanation:

Note: The full question is attached as picture below

Daily demand d = 520

Annual demand D = 520*250 = 130000

Setup cost S = $680

Production rate p = 875

Holding cost H = 0.25*25 = 6.25

Optimal order quantity Q

$Q = \sqrt{2DS/H}$ $\sqrt{p / p -d}$

$Q = \sqrt{(2*130000*680)/6.25} \sqrt{875/875-520}$

Q = 8350

Length of production run = Q/d

Length of production run = 8350/520

Length of production run = 16.05769230769231

Length of production run = 16.1 days

8 0

3 years ago

Buscando amistad audio read the ads for pen pals. then listen to the four recorded personal ads. write the name of the person wh

Vinvika [58]

Answer:

idk

Explanation:

7 0

4 years ago

The Federal Reserve implemented a series of new policies and tools in response to the 2007-2008 financial crisis and recession.

Lesechka [4]

Considering the situation described the many economists believe these policies helped avert another Great Depression but exacerbated the inflation problem in the financial system.

This is because the new policies and tools used to tackle the 2007-2008 financial crisis and recession was based on Keynesian economics.

However, while Keynesian economics concentrates on regulating aggregate demand to solve or prevent economic recessions, it is considered inflationary.

This is because it is believed that these policies encourage lower tax rates and increase the national deficit to ensure there is employment.

However, with more money in circulation, many economists believed it would cause inflation and more income disparity.

Hence, in this case, it is concluded that the correct answer is Inflation.

Learn more here: brainly.com/question/20036871

8 0

3 years ago

Economists refer to this pattern, the ___________________________________, which means that as a person receives more of a good,

DochEvi [55]

Answer:

The law of diminishing marginal utility

Explanation:

Simply put, as more (additional unit) of a good is consumed the lesser the marginal utility or satisfaction derived.

For example, a child might request a certain type of chocolate form his parents for a period of time.

After sometime, the child may buy less and choose another type of chocolate or prefer to buy cake instead because the satisfaction he initially got from the chocolate is diminishing.

8 0

3 years ago

"a good with many substitutes will have a _____ curve that is relatively _____ elastic than a good with few substitutes."

"a good with many substitutes will have a _ curve that is relatively _ elastic than a good with few substitutes."