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3 years ago

The maximum distance people are willing to travel for a service is

Business

1 answer:

ladessa [460]3 years ago

6 0

Answer:

Range

Explanation:

Range is the term which is used to describe the maximum distance which the consumers or customers are prepared or willing to travel in order to acquire the goods or to use a service.

It is because at some point, the expense or the inconvenience which will outweigh the requirement of the good.

And there are two types of range, one is small rage and other is large range.

Small range is the range which the people are willing to go only a distance which is short for the everyday consumers services like the pharmacies, grocery. While the large range is the range which will people travel the longer distances for the other services like ball game.

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Many depressants, including alcohol, reduce your __________.

sergey [27]

I think the answer is a. I'm not 100 sure though.

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3 years ago

For the first time in two years, Big G (the cereal division of General Mills) raised cereal prices by 4 percent. If, as a result

Ira Lisetskai [31]

Answer:

the coefficient of elasticity is 0.5. Thus, demand is inelastic.

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage 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.

Price elasticity = 2/4 = 0.5

Because demand is less than1, big g has an inelastic demand.

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3 years ago

On January 1, 20X9, Pallet Company acquires 80 percent ownership in Slat Corporation for $200,000. The fair value of the noncont

polet [3.4K]

Answer:

Consolidated Assets 850,000

Explanation:

We need to calcualte the alue of the purchased portion of Slat.

total assets - non-controlled = proportional owned assets

250,000 - 50,000 = 200,000

The consolidated net assets would be:

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Consolidated Assets 850,000

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3 years ago

Sheffield Corp. took a physical inventory on December 31 and determined that goods costing $165,000 were on hand. Not included i

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Answer: $272,570

Explanation:

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3 years ago

Suppose that the price of sushi take-out, a substitute, decreases in price. what will happen to the demand for chinese take-out?

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3 years ago