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
Burka [1]
4 years ago
6

Your local grocery store offers a coupon that reduces the price of milk during the coming week. The regular retail price of milk

in the store is $3.00 per gallon, and the coupon price is $2.00 per gallon for the next week. If the store maximizes profits and the price elasticity of demand for milk is -2 for coupon users, what is the price elasticity of demand for non-users?
Business
1 answer:
Sholpan [36]4 years ago
5 0

Answer:

We do not have enough information to answer this question.

Explanation:

The price elasticity of demand measure the elasticity of anything when there is a change in the quantity demanded of that thing relative to the percentage change in price of it.

The formula for Price elasticity of demand is,

=> Percentage change in QTY demanded / Percentage change in price.

Hence it can be concluded that although we have the change in price but we do not have the quantity mentioned in the question anywhere.

Hope this helps.

Thankyou.

You might be interested in
Yehle Inc. regularly uses material Y51B and currently has in stock 457 liters of the material for which it paid $2,619 several w
Sedaia [141]

Answer:

Option A is the correct answer,$5810

Explanation:

The relevant of the Y51B is the cost of replacement,which is the open market price as it is actively being used by Yehle Inc.

Besides, if the quantity currently in inventory is used it has to be replaced at open market price.

Disposal value would have been used if the material in question is not being used

The relevant of 700 liters is given below:

$5.81*1000=$5,810

1000 liters has to be bought not 700 liters as the least quantity available for sale is 1000 liters.

Above,it would be wrong to choose option D as 700 liters is not available

5 0
3 years ago
If there are 200 rooms and the operating costs are $20,000 plus a cleaning fee of $5 per room per day, compute the profit during
Ne4ueva [31]

Answer:

$28,007,000

Explanation:

Number of rooms                                          =  200

Daily operating expenses for one room     = $20,000 + Cleaning fee

Daily operating expenses for one room    = $20,000 + $5

                                                                      = $20,005

One week period                                          = 7 days

Daily operating expenses for 200 rooms   = Daily operating expenses for  

                                                                         one room X  Number of rooms

                                                                       = $20,005 X 200

                                                                       = $4,001,000

Operating expenses for one-week period  = Daily operating expenses for

                                                                           200 rooms X 7

                                                                        = $4,001,000 X 7

                                                                        = $28,007,000

                                                                         

6 0
3 years ago
The CEO from headquarters has just arrived. You make some opening comments and she replies, "I'm glad to be here. I look forward
ddd [48]

Answer:  Incongruent communication

                                           

Explanation: In simple words, incongruent communication refers to the type of communication in which the non verbal actions of the communicator does not match with what exactly he or she is conveying verbally.

    Such kind of message confuses the receiving end party as how he or she should understand and accept the message.

In the given case, the CEO has been making statement that she is willing to talk to everybody which depicts that she has a lot of time but at the same situation she is looking at her watch which show she has some deadline.

   Hence we can conclude that the given case depicts Incongruent communication.

5 0
3 years ago
A home improvement store has an assembled kids playset on display. There
Leno4ka [110]

Answer:

im Looking for this answer as well sorry I can’t be helpful

8 0
3 years ago
Read 2 more answers
John would like to move from the city into the suburbs and has been saving up a large down payment for a home. Which is the most
MrMuchimi
The most cost effective way for John to buy a house in the suburbs is:

a.Move to the suburbs and rent a house for one year before purchasing a home.

This is to test the waters. During this time, he has to acclimatize himself into living in a new environment. He has to discover the pros and cons of living in the suburbs compared to living in the city like travel time in going to work, etc.

If after a year, he finds its more beneficial to live in the suburbs, then he can buy a house there. On the other hand, if he finds it costly to live in the suburbs compared to living in the city, he simply has to pay the necessary rent and utility bills, pack up his bags, and go home.
6 0
3 years ago
Read 2 more answers
Other questions:
  • Leslie works for a local ad agency as an intern. The agency is hired to develop an advertising campaign for a chain of coffee sh
    8·1 answer
  • If you put $400 in a savings account that pays 4% for six years what is the amount of money you will
    7·1 answer
  • When a business is using methods that help it use its time and resources the best they can, what are they exercising?
    10·1 answer
  • On March 14, Teal Co. accepted a 120dau, 6% note in the amount of $10,000 from AZC Co., a customer. On the due date of the note,
    10·1 answer
  • Preferred Products has issued preferred stock with an annual dividend of $8 that will be paid in perpetuity. a. If the discount
    14·1 answer
  • An individual is known to their coworkers for keeping promises. The individual promised that they would attend a scheduled proje
    14·1 answer
  • 1. What is the eventual effect on real GDP if the government increases its purchases of goods and services by $60,000?
    11·1 answer
  • World-Tour Co. has just now paid a dividend of $2.83 per share (Div0); its dividends are expected to grow at a constant rate of
    7·1 answer
  • Horton invests personally owned equipment, which originally cost $110,000 and has accumulated depreciation of $30,000 in the Hor
    7·1 answer
  • What can you do to<br> protect your personal<br> information?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!