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3 years ago

9

When the sales of a certain brand of diet soda slowed, a national grocery retailer decided to drop the price of that product, wh

ich resulted in a large increase in sales of the soda. this sales increase is a type of?

1 answer:

Zigmanuir [339]3 years ago

3 0

I don’t know ??vvvvv

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In two or three sentences describe how open market

wel

Please give more information!!!

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4 years ago

A medical facility does MRIs. Occasionally, the test yield inconclusive results and have to be repeated. Using the following sam

kupik [55]

Answer:

a) 0.118.

Explanation:

The computation of the UCL is shown below:

Given that

N = 100

<u>Sample Sample size Number of retests fraction defective </u>

1 100 4 0.04

2 100 11 0.11

3 100 6 0.06

4 100 10 0.1

5 100 4 0.04

6 100 6 0.04

7 100 1 0.01

8 100 6 0.06

9 100 9 0.09

10 100 11 0.11

Total 1,000 68

Now p is

= 68 ÷ 1000

= 0.068

Now the standard deviation is

= √p(1 - p) ÷ √n

= √0.068 × (1 - 0.068) ÷ √100

= 0.025

Now the UCL is

= p + z × standard deviation

= 0.068 + 2 × 0.025

= 0.118

5 0

3 years ago

If Jack bought 12 DVDs last year when his income was $40,000 and he buys 14 DVDs this year when his income is $43,000, then his

gizmo_the_mogwai [7]

Answer:

His income elasticity of demand is 0.16 which means that DVDs are a(n) normal income elasticity of demand as it is less than 1

Explanation:

In this question, we use the formula of income elasticity of demand which is shown below:

Income elasticity of demand = Percentage change in quantity demanded ÷ Percentage change in income

where,

Percentage change in quantity demanded is calculated by

= New Quantity - Old quantity ÷ New Quantity + Old quantity

= 14 - 12 ÷ 14 + 12

= 2 ÷ 26

= 0.07692

Percentage change in income is calculated by

= New income - Old income ÷ New income + Old income

= $43,000 - $40,000 ÷ $43,000 + $40,000

= $3,000 ÷ 63,000

= 0.47619

Now put these values over the above formula

So, the answer is = 0.07692 ÷ 0.47619 = 0.16

Hence, his income elasticity of demand is 0.16 which means that DVDs are a(n) normal income elasticity of demand as it is less than 1

5 0

3 years ago

The owner of Genuine Subs, Inc., hopes to expand the present operation by adding one new outlet. She has studied three locations

luda_lava [24]

Answer:

(a) Volume at location A = 16,625

Volume at location B = 17,219

Volume at location C = 17,531

(b) Profit of location A = $2,650

Profit of location B = $2,975

Profit of location C = $3,125

Explanation:

(a) Let the volume at each location be represented by v

Location A

Profit = revenue - total expenditure

8,250 = 2v - (1.2v + 5,050)

8,250 = 2v - 1.2v - 5,050

0.8v = 8,250 + 5,050 = 13,300

v = 13,300/0.8 = 16,625

Location B

Profit = revenue - total expenditure

8,250 = 2v - (1.2v + 5,525)

8,250 = 2v - 1.2v - 5,525

0.8v = 8,250 + 5,525 = 13,775

v = 13,775/0.8 = 17,219 (to the nearest whole number)

Location C

Profit = revenue - total expenditure

8,250 = 2v - (1.2v + 5,775)

8,250 = 2v - 1.2v - 5,775

0.8v = 8,250 + 5,775 = 14,025

v = 14,025/0.8 = 17,531 (to the nearest whole number)

(b) Location A

Profit = sales - total expenditure = 19,250 - (1.2×9,625 + 5,050) = 19,250 - 16,600 = $2,650

Location B

Profit = sales - total expenditure = 21,250 - (1.2×10,625 + 5,525) = 21,250 - 18,275 = $2,975

Location C

Profit = sales - total revenue = 22,250 - (1.2×11,125 + 5,775) = 22,250 - 19,125 = $3,125

4 0

3 years ago

A subsidy is the opposite of a tax. with a $0.50 tax on ice-cream cones, the government collects $0.50 from buyers for each cone

zzz [600]

The concept of subsidy is very well-explained in this item. From the context, subsidy is the amount that is payed by the government to the buyer every time a purchase is made. Since, the concept of subsidy is very favorable to consumers then, the demand for a certain product would definitely go high.

7 0

4 years ago