Answer:
Technician A says a fleet shop is usually connected with either a business that runs multiple vehicles or with equipment that is maintained and repaired in house.
A network good is a good that people benefit more from as more people use it.
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Answer:
Range of price elasticity of demand for cigarettes is from (-0.5) to (-0.3).
Explanation:
Percentage increase in price = 10%
Percentage reduction in quantity demanded = 3% to 5%
We are taking percentage change in the quantity demanded is equal to 3% for now.
Initial price elasticity of demand for cigarettes:
= Percentage change in quantity demanded ÷ Percentage change in price
= -3 ÷ 10
= -0.3
Now, we are taking percentage change in the quantity demanded is equal to 5%.
price elasticity of demand cigarettes:
= Percentage change in quantity demanded ÷ Percentage change in price
= -5 ÷ 10
= -0.5
Therefore, the range of price elasticity of demand for cigarettes is from (-0.5) to (-0.3).
Answer:
a. Merrick System
Explanation:
Merrick System does not provide for incentives based on standards that are expressed in terms of time period per unit of production
Earnings per share is "$2.5".
We can calculate this in such a way;
<span>Earnings per share = After-tax income or earnings /number of shares outstanding
</span>= <span>$375,000 / $150,000
= $2.5</span>