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nydimaria [60]
3 years ago
7

Suppose the price elasticity of demand for oranges is 0.8. if a fall frost destroys one-third of the nation's orange crop, how w

ill that affect total revenue from oranges, all other things unchanged?
Business
1 answer:
Tresset [83]3 years ago
3 0
<span>Total revenue from oranges will fall. Notice that the question assumes everything else unchanged. This means that even though the quantity has been reduced by the frost, the price is unchanged. Thus all producers are selling fewer oranges at the same price. It logically follows that total revenue will fall.</span>
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A shortage of qualified personnel is one of the main reason that companies outsource. A project may require experts in a particu
k0ka [10]

Answer: Access to specific skills

Explanation: The benefit of outsourcing that the company is getting in the given example is that the company could get access to experts in the particular jobs that are important for a project.

By outsourcing certain jobs, expert knowledge can be used to operate business with the additional benefit of hundred percent focus.

7 0
3 years ago
A travel agent wants to determine how much the average client is willing to pay for a weekend at an all-expense paid resort. The
-Dominant- [34]

Answer:

n=(\frac{1.960(840)}{150})^2 =120.47 \approx 121

So the answer for this case would be n=12 rounded up to the next integer

Explanation:

\bar X=2500 represent the sample mean

\mu population mean (variable of interest)

s=840 represent the sample standard deviation

n represent the sample size  

The margin of error is given by this formula:

ME=z_{\alpha/2}\frac{\sigma}{\sqrt{n}}    (a)

And on this case we have that ME =150 and we are interested in order to find the value of n, if we solve n from equation (a) we got:

n=(\frac{z_{\alpha/2} \sigma}{ME})^2   (b)

The critical value for 95% of confidence interval, the significance level if 5% and the critical value would be z_{\alpha/2}=1.960, replacing into formula (b) we got:

n=(\frac{1.960(840)}{150})^2 =120.47 \approx 121

So the answer for this case would be n=12 rounded up to the next integer

8 0
3 years ago
Define competitivness
jeka57 [31]

Answer:

like if you're in a pie challenge

Explanation:

and you eat the pies reaaaaallll fast bc you wanna win. then you're being competitive

3 0
2 years ago
Read 2 more answers
How does a business's corporate culture affect employee satisfaction? How does a business's corporate culture affect customer sa
oee [108]
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Having a negative corporate culture will generate the reverse output. Employee satisfaction is nonexistent. Employee turnover is high. Customer satisfaction is down and company reputation is negative. </span>
7 0
3 years ago
A _____________ allows for an mtu as high as 9198 bytes.â
aivan3 [116]
A jumbo frame allows for an mtu as high as 9198 bytes.
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