Answer:
1
Explanation:
Elasticity of demand measures the responsiveness of quantity demanded to changes in price.
Elasticity of demand = percentage change in quantity demanded / percentage change in price
Percentage change in quantity demanded = (30/20) - 1 = 0.5 = 50%
Percentage change in price = (1500 / 3000) - 1 = 0.5 = 50%
50% / 50% = 1
I hope my answer helps you
The correct answer is Overconfidence bias
Explanation:
Overconfidence bias is the result of an excessive and unrealistic estimation of one's skills, knowledge, ideas, etc even to the point the individual considers himself better than others or does not have an objective perception about himself. This type of bias can lead to negative consequences, for example, by overestimating his ability to pass a test a student might choose not to study at all and then fail the test. Moreover, this can be avoided by assessing realistically one's skills, judgments, etc. According to this, the type of bias that can be avoided is overconfidence bias.
Answer:
Test marketing holds a lot of importance for the company. It allows
the company to test their product in a small region so as to get an
idea whether the product will work in a bigger market or not.
Through this, the company can measure the performance of the
product and can decide whether it should be released nationwide
for sale. Through this, the company can estimate the earnings that
can be earned through this product beforehand.
Explanation:
Answer:
state government
Explanation:
Counties, towns, and cities collect their money mostly from taxes and fees charged to enterprises. The State government is in charge of collect taxes such as income, sales, and property taxes.
Based on the information given the cost basis is $132,000.
Using this formula
Cost basis=Purchases price+ Transportation costs + Installation costs + Special acquisition fees
Where:
Purchases price=$109,000
Transportation costs=$12,000
Installation costs=$5,000
Special acquisition fees=$6,000
Let plug in the formula
Cost basis=$109,000+$12,000+$5,000+$6,000
Cost basis=$132,000
Inconclusion the cost basis is $132,000.
Learn more about cost basis here:brainly.com/question/15637366
