Answer:
Why do you think the price elasticity of demand for food is higher in Tanzania than in the U.S.?
The price elasticity of demand for food is higher in Tanzania than in the U.S. because Tanzania is a much poorer country than the U.S., and a rise in food prices leads immediately to a large drop in demand, since most people will simply not have enough income to meet demand.
What does this imply about food purchases in the U.S. and Tanzania?
This implies that people in Tanzania spend less money on food, but also spend a larger share of their income on it.
Which will provide more tax gasoline or a tax on restaurant meals? Why?
The tax on gasoline will provide more funds because gasoline is a good that is way more inelastic than restaurant meals.
If restaurant meals become more expensive because of the tax, people will simply stop eating-out, and prepare home meals instead.
Gasoline, on the other hand, is very inelastic, and even if the price goes up a lot because of a very high tax, car owners will still have to purchase it, raising government revenue.
Answer:
Option(c) is the correct answer to the given question .
Explanation:
The minimum transfer price is the marginal cost of making one item.or we can say that The net price covers direct labor, direct inventory and direct operating costs but avoids the expenditures cost that would be sustained by the distribution hub .
- The minimum transfer price is equal to the variable cost So in the given question $90 is the variable cost from M to T therefore the minimum transfer price from M to T is $90 So that shareholder value is maximized.
- All the other option will not give the shareholder value maximization that's why they are incorrect option .
Answer:
The correct answer is the option D: Cost Leader.
Explanation:
To begin with, a <em>cost leadership</em> strategy consists in the action of establishing a competitive advantage in the business in comparison with the other companies by having the lowest costs as possible so that the price of the product will be lower than the price of the competitors and they might find trouble competing with the cost leader company.
Secondly, in that case presented where the company invests in an information system in order to cut operational expenses to the lowest possible level then the company is concentrated in focusing on the competitive strategy by cost leadership so the products of the competitors will not be able to compete with the ones of the company.
Answer:
No, contracts for personal services are not assignable.
Explanation:
According to a different source, these are the options that come with this question:
Yes, as long as the assignment does not increases the burden on Max.
Yes, Claire can assign her obligations under the contract to anyone who accepts.
No, contracts for personal services are not assignable.
No, the assignment is not valid since Max did not give any consideration.
This is most likely not a good strategy for this woman. The fact that this woman has been hired as a freelance web designer means thta the woman is beig paid for her professional expertise. No one else can perform the job in the way that she can perform it. Therefore, she cannot assign this duty to another person.
Answer:
Break-even point= 150,000 hangers
Explanation:
Giving the following information:
It charges $0.04 and estimates its variable cost to be $0.01 per hanger. Laguna’s total fixed cost is $4,500 per month.
To calculate the number of hangers we need to use the following formula:
Break-even point= fixed costs/ contribution margin
Break-even point= 4,500 / (0.04 - 0.01)= 150,000 hangers