Elastic demand means that consumers are sensitive to price and that increased prices can lead to lower sales. There isn't enough information to fully answer this question. We don't know how elastic the demand is. If the demand is only slightly elastic, the increased price and lower demand could still equal higher profits.
Answer:
Option (A) is correct.
Explanation:
Given that,
Order costs for pepperoni = $10.00 per order
Carrying costs = 4 cents per pound per day
Lead time for each order = 3 days
Pepperoni itself costs = $3.00 per pound
Total Order = 80 pounds of pepperoni
Demand rate = 20
Total ordering cost = Total order × cost per order
= 80 × $10
= $800
Length of an order cycle:
= 4 days
John's reaction is an example of the bystander effect.
It means that he will just continue staring at the accident because he is curious as to what happened and he wants to see how the event is resolved, however, he is not really willing to do anything to help the people involved - he will just assume someone else will do that.
Answer and Explanation:
The Weatherford hotel breached the duty of care as it failed to warn its guest about the unreasonable dangerous condition. Toni Lucario was a guest and it was it was the duty of the hotel to make its premises safe for her and for that the hotel has failed.
