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Fudgin [204]
3 years ago
13

"the price elasticity of supply measures how much"

Business
1 answer:
kherson [118]3 years ago
7 0
The price elasticity of supply measures how much the supply of a certain good/service responds to price change. Price change can impact the demand and in turn affect the supply of certain goods. Supply is considered elastic if there is a significant change in supply as the price changes, but if price does not significantly affect supply, then it is deemed inelastic. 
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Firms engage in __________ when their intimate knowledge and expertise in one market allows them to offer customized marketing p
blagie [28]

Answer:

The correct answer is letter "C": market specialization.

Explanation:

After <em>segmenting </em>their market, companies tend to start their phase of market specialization with the information gathered in their research which is helpful to spot what the company's best segment of the market is based on <em>age, gender, </em>and <em>consumer income</em>. With that information, firms can drive their efforts toward producing a good or rendering a service that satisfies the needs of a specific group of them.

3 0
3 years ago
In which situation would a certificate of deposit (CD) be the best banking choice
anzhelika [568]

A certificate of deposit (CD) would be the best banking choice when the interest rate is determined ahead of time and there is an assurance to get back what you put in plus interest once the CD matures.  If you leave the money alone during the investment period then the bank will pay you an interest rate slightly higher than what you would have earned in a money market or checking account. Thus, all gains from certificate of deposits are taxable as income unless they are in a tax-deferred (IRA) r tax-free (Roth IRA) account. 

3 0
3 years ago
Read 2 more answers
Brand managers know that increasing promotional budgets eventually result in diminishing returns. The first one million dollars
lilavasa [31]

Answer:

78%

Explanation:

Able has an awareness level of 78%.

Next year, it will lose a third of its awareness level.

78% * 1/3 = 26%

78% - 26% = 52%

So the base awareness level of able for next year will be 52%, however, even if the company reduced the promotion budget, it still has 1 million dollars to invest, and the question is telling us that 1 million in promotion investment results in a 26% increase in awareness, therefore

52% + 26% = 78%

Thus, after investing the 1 million dollars, Able's awareness level next year will be the same as the current year: 78%

4 0
4 years ago
Mickley Company’s plantwide predetermined overhead rate is $20.00 per direct labor-hour and its direct labor wage rate is $15.00
Crank

Answer and Explanation:

The computation is shown below;

1.

Total hours for job A - 500

= Direct labor ÷direct labor wage rate

= $150 ÷ $15

= 10

Total over head cost = overhead cost per labor hours × no. of labor hours

= $20 × 10

= $200

total manufacturing cost = Direct materials cost + Direct labor cost + Total over head cost

= $280 + $150 + $200

= $630

2.  

Cost assigned to each unit

= total manufacturing cost ÷  number of units

= $630 ÷ 70

= $9

8 0
4 years ago
The difference between the income
astraxan [27]

Answer:

Select one:

a. Net Factor Income from Abroad

b. Capital consumption allowances

c. Depreciation

d. Subsidy

= Net Factor Income from Abro

Explanation:

Select one:

a. Net Factor Income from Abroad

b. Capital consumption allowances

c. Depreciation

d. SubsidySelect one:

a. Net Factor Income from Abroad

b. Capital consumption allowances

c. Depreciation

d. Subsidy

= Net Factor Income from Abro

= Net Factor Income from AbroSelect one:

a. Net Factor Income from Abroad

b. Capital consumption allowances

c. Depreciation

d. Subsidy

= Net Factor Income from Abro

5 0
3 years ago
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