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4 years ago

Consider some determinants of the price elasticity of demand:

Business

1 answer:

DedPeter [7]4 years ago

6 0

Answer:

Elastic

Sports car

Most Elastic: Boot-Cut Jeans

In Between: Pants

Least Elastic: Clothing

Less

Explanation:

A good with many close substitutes is likely to have relatively Elastic demand, since consumers can easily choose to purchase one of the close substitutes if the price of the good rises.

Sports Car has the most elastic demand

If the price of gasoline is relatively high for a long time, consumers are more likely to buy more fuel-efficient cars or switch to alternatives like public transportation. Therefore, the demand for gasoline is Less elastic in the short run than in the long run.

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Excom sells radios and each unit carries a two-year replacement warranty. The cost of repair defects under the warranty is estim

WITCHER [35]

Answer:

$48

Explanation:

A replacement indicates that the originally sold radio was scrapped and completely replaced. Therefore, the cost of the new radio should be debited to Product Warranty Expense and not 5% of the sales price.

Therefore, $48 would be debited to Product Warranty Expense in September.

If the radio had been repaired instead of completely replaced, 5% of the cost would have been debited.

8 0

3 years ago

According to the article, companies that have successfully used the discrimination and fairness paradigm to increase their demog

Sati [7]

Hi, your question is incomplete. I believe you are referring to the Havard Business Review online Article.

Answer:

<u>a, b, and c.</u>

Explanation:

It is worth remembering that the article stated that their research shows that a leader's <em>desire</em> to use the discrimination and fairness paradigm, often reflects how much value the leader places on following due process and equal treatment of his or her employees.

The article also points to their findings suggested that such organizations are run by leaders who have top-down directives .

8 0

4 years ago

Imagine you are a manager at in organization where there are lots of hindrance stressors. What actions would you take to help en

Daniel [21]

Answer:

Explanation: Problem-focused coping targets the causes of stress in practical ways which tackles the problem or stressful situation that is causing stress, consequently directly reducing the stress. Problem focused strategies aim to remove or reduce the cause of the stressor, including: Problem-solving. Time-management.Stress arises when individuals perceive a discrepancy between the physical or psychological demands of a situation and the resources of his or her biological, psychological or social systems . There are many ways of coping with stress. Their effectiveness depends on the type of stressor, the particular individual, and the circumstances. For example, if you think about the way your friends deal with stressors like exams, you will see a range of different coping responses. Some people will pace around or tell you how worried they are, others will revise, or pester their teachers for clues. Problem-focused coping is that kind of coping aimed at resolving the stressful situation or event or altering the source of the stress. Coping strategies that can be considered to be problem-focused include (but are not limited to) taking control of the stress (e.g., problem solving or removing the source of the stress), seeking information or assistance in handling the situation, and removing oneself from the stressful situation.

6 0

4 years ago

In each succeeding payment on an installment note:_______A. The amount of interest expense increases. B. The amount of interest

sattari [20]

Answer:

Explanation:

Yess

8 0

3 years ago

Daisy's Creamery Inc. is considering one of two investment options. Option 1 is a $75,000 investment in new blending equipment t

Savatey [412]

Answer:

Missing part of question assumes minimum rate of return of 10%.

Use 5 years for both investments for comparison.

a. Net Present Value of Project 1

Present value of $19,000 annually over 5 years at 10% = 19,000 * 3.791

= $72,029

Present value of $15,000 residual value at 5th year at 10% = 15,000 * 0.621

= $9,315

Net Present value = 72,029 + 9,315 - 75,000

= $6,344

Net Present Value of Project 2

Present value of $27,000 over 5 years, 10% = 27,000 * 3.791

= $‭102,357‬

Net Present Value = ‭102,357‬ - 90,000

= $12,357

b. Present value indices

= Present value of cash inflows/ investments

Project 1 Project 2

= (72,029 + 9,315) / 75,000 = 102,357 / 90,000

= 1.08 = 1.14

5 0

3 years ago