All categories

3 years ago

If the demand for a product is elastic the value of the price elasticity coefficient is

1 answer:

8 0

<span>If the demand for a product is elastic the value of the price elasticity coefficient is </span>consumers are largely unresponsive to a per unit price change

You might be interested in

When the tasks and authority associated with various positions in the organization are clearly specified, it creates a scenario

nydimaria [60]

Answer:

A) employees are held strictly accountable for their actions.

Explanation:

When tasks are given specifically as well as authority to various positions, persons holding those positions will be held accountable for inquiries or issues that may arise from those specific positions. For example, a bread factory has a unit headed my John who is in charge of creative the bread tag, if the tag is done wrongly, or is being delayed, the management instantly knows who to question.

6 0

3 years ago

Read 2 more answers

Identify the reasons why the quantity demanded of a product increases as the price of that product decreases. a. as the price de

Brut [27]

Answer:

D) A and B

Explanation:

a. as the price declines, the real income of the consumer increases

b. as the price of product A declines, it makes it more attractive than product B

Hope this helps!

Ps. Don't click on those sketchy links.

Have a good day!

4 0

3 years ago

What characteristics of an organizational structure and culture are best suited to achieving a cost-leadership strategy

S_A_V [24]

An informal type of organizational structure is one best suited for achieving a cost-leadership strategy especially when the managers is promoting innovation.

<h3>What is a cost leadership strategy?</h3>

This is a cost strategy that relies on a firm's ability in using a lower costs of production to offer quality products at low prices.

These type of strategy is best achieved with an informal type of organizational structure & culture.

Read more about cost leadership strategy

<em>brainly.com/question/26891629</em>

4 0

2 years ago

On November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $57,000. Alan made the appropriate year-end

just olya [345]

Answer:

Amount paid to record is $58,900

Explanation:

In this question, we are asked to state the Journal entry as of March 1.

Please check attachment for tabular explanation

Kindly note that 360 is used as the number of days in a year

4 0

3 years ago

(a) What is the average useful power output of a person who does 6.00×106 J of useful work in 8.00 h? (b) Working at this rate,

netineya [11]

Answer:

(a) 208.33 J/s

(b) 141.12 s

Explanation:

(a) Energy is the rate of doing work.

Work is the product of power and time

Work = Power × Time

Power = Work/time

where work is in joule and time is in seconds

Given that work = 6 × $10^{6}$

Time = 8 h = 8 × 60 × 60

= 28800 seconds

Average useful power = $\frac{6 ×10^{6} }{28800}$

= 208.33 J/s

(b) Given

mass = 2000kg , using g = 9.8 m/s2

Force = 2000 × 9.8

= 19600N

Work = Force × Distance ( considering that Work done to lift his body can be omitted because it is not considered useful output here)

Work = 19600 × 1.5

= 29,400J

Time taken = Work/Power

= $\frac{29400}{208.33} \\$

= 141.12s

≈ 2 Minutes 21 Seconds

At the rate of 208.33J/s, it will take the person 141.12 seconds to lift 2000 kg of bricks 1.50 m to a platform.

5 0

3 years ago