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SVETLANKA909090 [29]
3 years ago
13

Dairy Wishes, a local ice cream store, finds

Business
1 answer:
iragen [17]3 years ago
8 0

Answer:

d. perfectly elastic.

Explanation:

Demand is perfectly elastic if it at the current price, the product is sold out but if there is a change in price demand falls to zero. the demand curve is horizontal

Demand in perfectly inelastic if there is no change in quantity demanded regardless of the change in price.

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.  

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.  

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In general, a larger R squared tends to suggest that:_______.
stiks02 [169]

Answer:

c. the estimated sample regression function explains a greater percentage of the explained variation in y

Explanation:

The above is the reason showing the direct correlation between the sample regression and the R Square value.

7 0
3 years ago
Einstein Company is preparing its cash budget for the upcoming month. The beginning cash balance for the month is expected to be
sveta [45]

Answer:

$29,000

Explanation:

Calculation would be as follows:

Particular                                   Amount ($)

Beginning Cash                          10,000

Add: Cash Receipt                      85,000

Less: Cash Disbursement          (66,000)

Cash Available                            29,000

Hence, the cash available over disbursement for the month would be $29,000.

3 0
3 years ago
Gather secondary data by reading what others have experienced and observed. You should begin nearly every research project by re
liraira [26]

Answer:

An Index is used to identify references, key words or paragraphs, abstracts so also articles from different sources.

6 0
3 years ago
Consider a firm with a 2013 net income of $20 million, revenue of $60 million, and cost of goods sold of $25 million. If the bal
Nostrana [21]

Answer:

Weeks of supply = 4.16 weeks

Explanation:

given data

net income = $20 million

revenue = $60 million

cost of goods sold = $25 million

inventory = $2 million

property, plant, and equipment = $500,000

to find out

how many weeks of supply does the firm hold

solution

we know here that Weeks of supply will be express as

Weeks of supply = \frac{average inventory}{cost of goods sold} × 52 weeks          ....................................1

so put here value we get weeks of supply

Weeks of supply =  \frac{2}{25} × 52 weeks

Weeks of supply = 4.16 weeks

3 0
3 years ago
Which of the following products is likely to have an inelastic supply reaction to a change in price? A. Corn B. Cars C. Shoes D.
Sergio039 [100]
The correct answer is C,
A good is said to have an inelastic supply if the suppliers did not have any choice than producing it even though the cost of production is high and the buyers did not have any choice than buying it even though it is expensive.
No one can do without shoes, even if they are expensive, we still need to buy them.
4 0
3 years ago
Read 2 more answers
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