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atroni [7]
3 years ago
5

Suppose that in a month the price of movie rentals decreases from​ $3.25 to​ $3. At the same​ time, the quantity of movie rental

s demanded increases from 100 to 120. The price elasticity of demand for movie rentals​ (calculated using the midpoint​ formula) is:
a. elastic.
b. zero.
c. inelastic.
d. unitary elastic.

Business
1 answer:
Sergeeva-Olga [200]3 years ago
4 0

Answer:

The correct answer is option a.

Explanation:

The initial price of movie rentals is $3.25.

The initial quantity is 100.

The price falls to $3.

This causes demand to rise to 120.

The price elasticity of demand a ratio of change in quantity demanded to change in price level.

The elasticity is calculated at -2.25, through the process given in images.

The price elasticity of demand here is greater than 1 which means it is elastic.

So, option a is the correct answer.

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States request assistance from other states through interstate mutual aid and assistance agreements such as Emergency Management Assistance Compacts (EMACs)

Explanation:

EMAC, Emergency Management Assistance Compact-all aspects of mutual assistance compact which is at the core of the nation's program of mutual aid.

Since the 1950 Civil Defense and Disaster Treaty signed by the US, EMAC is the first treaty national disaster relief international. Convention. Convention. In 1996, 50 states have passed laws to become EMAC participants in their adoption and signing into statute, Columbia, Puerto Rico, Guam, US Virgin Islands and the Northern Mariana Islands.

A flexible and clear program allowing states to send personnel, supplies and resources to help in response and rehabilitation in other states provides assistance in Governor-declared emergencies or disaster areas.

8 0
3 years ago
Curvilinear costs always increase: a. When management performs break-even analysis. b. When volume increases, but at a nonconsta
Ilia_Sergeevich [38]

Answer:

The correct option is : b. When volume increases, but at a nonconstant rate.

Explanation:

Curvilinear costs is a type of expense that <u>does not increase at a constant rate with the production volume.</u> It tends to have a sudden increase at low production volumes, then remains constant in the middle and then increases at high production volumes.

The curvilinear costs does not increase linearly with the production. Therefore, curvilinear cost is also called a nonlinear cost.

<u>Therefore, curvilinear costs always increase at a nonconstant rate with the increase in the production volume.</u>

6 0
4 years ago
Consider an economy that is operating at its steady state. an increase in the investment rate in this economy will lead to:_____
andrew-mc [135]

Consider an economy that is operating at its steady state. an increase in the investment rate in this economy will lead to a temporary increase in the growth rate.

In the Solow model, a larger saving rate has no long-term impact on the growth rate. Higher steady-state capital stock and level of output do follow a higher saving rate. The growth rate briefly increases as production changes from a lower to a higher steady-state level. Low rates of saving the result in small capital stock in the steady state and low levels of output in the steady state. Only in the near run do higher savings translate into quicker economic development. Up until the economy reaches its new steady state, an increase in the saving rate causes growth to accelerate.

Learn more about the economy here brainly.com/question/1106682

#SPJ1.

7 0
1 year ago
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Alona [7]

Answer:

A relationship is a true bond that you form with someone. It’s not like, “oh yea, I know that person. They’re nice I guess.” A relationship is like, “We are totes besties.” lol. Or special relationships are like, “That person is so nice. I kinda like-like them. Maybe I’ll ask them to the school dance.” B-u-u-u-t, sometimes other relationships can just be a connection you have with someone. I know this is kinda funny. lol. Good luck, and I hope this helps!

7 0
3 years ago
A manufacturer of washing machines has expanded its plant and has created excess capacity, just as the general economy has taken
Lostsunrise [7]

Answer:

. b. offer rebates and incentives for customers who purchase washing machines.

Explanation:

Increasing the productive structure of a firm must be carefully planned. There needs to be demand and take into account the expectations of the economy. When a company increases its structure over an inadequate period, the strategy can be fatal, as firms typically go to great lengths to make investments. In the case described, the company now has an idle capacity, ie does not use all its productive infrastructure. This is compounded by the moment of narrated economic crisis. In this situation, the company is most likely to promote price incentives through discounts to stimulate demand for washing machines. Thus, the employer gets a breath to maintain its activities until the economy recovers and she can use all the installed capacity.

8 0
3 years ago
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