Answer:
inelastic
Explanation:
when we are measuring hte price elasticity of demand (PED), we calculate it by dividing the ]% change in quantity by the % change in price.
- If the price of a product increases by 1%, and the quantity demanded changes in a smaller %, the PED is < 1, so it is inelastic.
- If the price of a product increases by 1%, and the quantity demanded changes in a larger %, the PED is > 1, so it is elastic.
- If the price of a product increases by 1%, and the quantity demanded changes in same 1%, the PED is = 1, so it is unit elastic.
Answer:
Rick James is paid $18.00 an hour as a pastry chef for a regular 35-hour week. His overtime rate is 1.5 times his regular hourly rate. This week he worked his regular 35 hours plus 8 hours of overtime. What is his overtime pay? (Hint: This is not total pay for the week.)
$216.00
Explanation:
Answer:
C) The buyer and agent did not complete an agency agreement, either oral or written.
Explanation:
Agency agreement, which is a binding contract between an agent and another person, (most likely a buyer) is an important document which helps to establish the relationship between both and the agency which renders the help. Since, there was no agreement whether oral or written, their dealings do not constitute the creation of an agency.
Answer:
D: Balanced Scorecard
Explanation:
Balance Scorecard is a business strategy in which the company looks to develop a strategy for the business, it is a kind of internal process in which the company aims, to modify its work process, as with the modified work process it can aim to have better outcomes, in the form of financial, customer, business processes etc:
If company uses Just in time approach it will still face the stock outs and might loose customers, but with balanced scorecard this problem will not arise, as it will enhance the quality and quantity of performance.
This will ensure optimum inventory at any point of time and along with that the minimal cost and good quality will be focused, as of now, the company does not need to think much on quality improvement as it do not have any quality complaints from any customers.
Answer:
Less
Reducing supply
Explanation:
Because of the announcement by WebMed, people would demand less chicken ,which would cause demand to fall and the demand curve would shift to the left as a result.
Suppliers would respond by reducing supply, supply would fall and the supply curve would shift to the left.
As a result, equilibrium price and quantity would fall.
I hope my answer helps you