The percent change in quantity demanded of a good divided by the percent change in income, all other tings unchanged, is the price elasticity of demand. This is the equation you will use when finding the price elasticity of demand. Price elasticity of demand is measuring the demand of a product or service when nothing changes besides the price.
Answer:
$14.71
Explanation:
The computation of the predetermined overhead rate is shown below:
Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated machine hours)
where,
Total estimated manufacturing overhead is
= Estimated total fixed overhead manufacturing overhead + Estimated variable manufacturing overhead × estimated machine hours
= $838,750 + $3.20 × 72,900 machine hours
= $838,750 + $233,280
= $1,072,030
So, the predetermined overhead rate is
= $1,072,030 ÷ 72,900 machine hours
= $14.71
Answer:
Kendra would be good at negotiating skills.
Explanation:
Bargaining is a trait of negotiation. As Kendra likes to bargain, she has an enhanced negotiating skill.
Negotiation is a discussion or a way to reach an agreement that both parties can accept.
In the business world, negotiation can be of utter importance as it can lead to a more economical business. A negotiation is made by keeping into consideration both the demands of the buyer and seller.
Need is essential for survival, while wants are a person's desires. The 1st statement explains want and the 2nd need.
<h3>What do you understand by the term need and want?</h3>
A need is something that is required for survival (for example, food and shelter), whereas a want is something that a person would like to have.
- Frankie already has a pair of basketball shoes that he can use for the tryout, so the new pair is a <u>Want</u><u>.</u>
- The new shoes would be considered a <u>Need</u> if Frankie did not have a pair of basketball shoes for the tryout.
Therefore, the above statement explains the want and the need.
Learn more about the want and need here:
brainly.com/question/13923283
