1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Musya8 [376]
3 years ago
9

Studies indicate that the price elasticity of demand for cigarettes is about 0.4. A government policy aimed at reducing smoking

changed the price of a pack of cigarettes from $2 to $6. According to the midpoint method, the government policy should have reduced smoking by (A) 30%.(B) 40%. (C) 80%. (D) 250%.(E) 5%.
Business
1 answer:
IrinaVladis [17]3 years ago
7 0

Answer:

(B) 40%

Explanation:

↓Q / ΔPrice = Price-elasicity

The price elasticity is the relationship between a change in price with the quantity demanded of a certain good assuming, other factor remains constant.

ΔPrice  = (P0 - P1)/((P0 + P1)/2) = (2 - 6)/((2+6)/2) = 4/4 = 1

We know that price elasticity is 0.4

Now we can solve for the change in the quantity demanded:

↓Q/ 1 = 0.4

↓Q = 0.4 x 1 = 0.40 = 40%

You might be interested in
Dram shop laws fall under which liability
Inga [223]
<span>A Dram shop law or Dram Shop Act is a rule in 38 different states that makes those who sell alcohol to patrons who are clearly far too intoxicated or too close to being dangerously over the limit are strictly liable for any injuries or damages caused by said drunk person. This is a Civil Liability.</span>
4 0
3 years ago
A meeting agenda includes which of the following
satela [25.4K]
- a date ( day\month/year)

- a place or location

- time of the meeting

- a description of the reason for meeting and what will happen at the meeting ( also who will be at the meeting)

please vote my answer branliest. Thanks!

6 0
3 years ago
In analysis of variance, ms between-groups provides a measure of ____.
Reptile [31]
<span> ms between-groups provides a measure of Variance.
In this context, MS stands for the Mean Square within the Group. This symbolized the variance that created because of the differences within individual samples after considering its degrees of freedom and the weighted average of the variance.</span>
4 0
3 years ago
Dary Co. Produces a single product. Its normal selling price is $28 per unit. The variable costs are $18 per unit. Fixed costs a
aleksandr82 [10.1K]

Answer:

1. c. increase of $2,250

2. b. Yes

Explanation:

1. Calculation to determine what would be the impact on net income if the order is accepted

First step is to calculate the variable cost

Variable cost special order= ($18-$2)

Variable cost special order=$16

Now let calculate what would be the impact on net income if the order is accepted

Impact on net income=($17.50-$16)*1,500 units

Impact on net income=$1.50*1,500 units

Impact on net income= increase of $2,250

2. YES the special order should be accepted.

4 0
3 years ago
Your company does not want its employees to use the Internet to exchange personal e-mail during work hours. What is the best too
kati45 [8]

<em>There is a way that you can implement to prevent employees to use Internet to exchange personal e-mail during work hours: Use of monitoring tool for IT admins and people and let employees sign the consent. Most common misinterpretation when employers use monitoring tools to see if their employees are violating their policies is privacy issues. This is wrong. Monitoring tools are needed for safety of both parties (company and employees). For employees, they could use these as an evidence that they are really following the rules and not violating anything. As for employers, this is their safeguard against violators. </em>

<em />

7 0
3 years ago
Other questions:
  • Given the following data: Average operating assets $ 504,000 Total liabilities $ 23,520 Sales $ 168,000 Contribution margin $ 85
    14·1 answer
  • Unified Modeling Language (UML) Class diagrams describe the logical structure of a database system. True or False True False
    9·1 answer
  • At the end of the period, the balance left in the factory overhead account is equal to the
    12·1 answer
  • Ferkil Corporation manufacturers a single product that has a selling price of $100 per unit. Fixed expenses total $225,000 per y
    11·1 answer
  • Nissan’s all-electric car, the Leaf, has a base price of $32,780 in the United States, but it is eligible for a $7500 federal ta
    12·1 answer
  • The existing balance in Allowance for Doubtful Accounts is considered in computing bad debts expense in the A. direct write-off
    7·1 answer
  • 4. What aspect of project management was omitted from the PMI definition that is included in the definition proposed by Meredith
    11·1 answer
  • Mr kleaners acquired new industrial washing mavhine,the list price price of which was 52000.the supplier allowedva tade discount
    13·1 answer
  • Identify two ways lean production might be achieved
    11·1 answer
  • I don’t know this…..
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!