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4 years ago

Bob's Computer Store has many different types of computers for consumers' varying budgets. A

Business

1 answer:

Verizon [17]4 years ago

7 0

Answer:

product line pricing.

Explanation:

The context exemplified in the question above is an example of product line prices, which can be understood as the practice of separating the product or service line into cost categories that differ according to the levels of quality and benefits of each product. offered, like the example in the question above, which says that the higher the price of the computer, the more features it brings.

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If the price elasticity of demand for a product is -2.5, then a price cut from $2.00 to $1.80 will _________ the quantity demand

UkoKoshka [18]

If the price elasticity of demand for a product is -2.5, then a price cut from $2.00 to $1.80 will <u>increase </u>the quantity demanded by about <u>2.5%</u>.

Price elasticity of call for is a measurement of the trade in the intake of a product on the subject of exchange in its price. Expressed mathematically, it's miles: charge Elasticity of demand = percent trade-in quantity Demanded / percentage trade-in rate.

we are saying a great is price elastic whilst growth in prices causes a bigger % fall in demand. e.g. if fee rises 20% and demand falls 50%, the PED = -2.five. Examples consist of Heinz soup.

Learn more about Price elasticity here: brainly.com/question/24384825

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6 0

2 years ago

What does the consumer price index measure? A. the change in prices of all goods and services over time B. the change in prices

viktelen [127]

What does the consumer price index measure? B. the change in prices of specific goods and services over time. The consumer price index is also know as the CPI when reffering to this calculation. The CPI measures the weighted items of specific consumer goods and services by averaging them overtime. The CPI allows for comparison of the same products that consumers use on a daily basis and see how much they are using each year. This lets us know how the economy is doing as it relates to inflation. Inflation is the increase in prices and decline of the purchasing value of money in an economy.

6 0

3 years ago

Read 2 more answers

Miller and Sons' static budget for 10,000 units of production includes $50,000 for direct materials, $44,000 for direct labor, v

yarga [219]

Answer:

correct option is c) direct materials of $60,000, direct labor of $52,800, utilities of $6,000, and supervisor salaries of $24,000

Explanation:

given data

static budget = 10,000 units

direct materials = $50,000

direct labor = $44,000

variable utilities = $5,000

supervisor salaries = $24,000

flexible budget = 12,000 units

solution

Miller & Sons Static Budget Flexible Budget

Details Total Cost Variable cost/unit total cost

unit produced 10000 12000

direct material 50000 500 60000

direct labour 44000 4.40 52800

variable utility 5000 0.50 6000

supervisor salary 24000 24000

total cost 123000 142800

so correct option is c) direct materials of $60,000, direct labor of $52,800, utilities of $6,000, and supervisor salaries of $24,000

4 0

4 years ago

Under what circumstance would a country have a comparative advantage in

o-na [289]

B) it has a more high

3 0

3 years ago

Read 2 more answers

Johnson Production Company paid a dividend yesterday of $3.50 per share. The dividend is expected to grow at a constant rate of

lara [203]

Answer:

correct option is a. 19.63%

Explanation:

given data

dividend = $3.50 per share

constant rate = 10% per year

common stock = $40 per share

flotation costs = $4 per share

solution

we know formula that is

cost of retained earnings = $\frac{Dividend}{Current price}$ + Growth rate

we will ignored Flotation costs in this case

so it will be = $\frac{3.5 * 1+0.1}{40}$ + 0.1

= 19.63 %

so correct option is a. 19.63%

5 0

4 years ago