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4vir4ik [10]
3 years ago
7

A relatively flat demand curve indicates that the demand for a product is very sensitive to a change in price.TrueFalse

Business
1 answer:
Free_Kalibri [48]3 years ago
3 0

Answer:

True.

Explanation:

A flat demand curve for a particular product indicates that the product is very sensitive to a change in the price level and on the other hand, a steeper demand curve indicates that any change in the price level doesn't have a effect on quantity demanded or have a little impact.

Elasticity of demand refers to the responsiveness of quantity demanded with any change in the level of price of the product.

The demand for these products is more elastic because a slightly change in the price level of a product will result in a large change in the quantity demanded for that product.

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An internal study by the Technology Services department at Lahey Electronics revealed company employees receive an average of tw
solong [7]

Answer:

0.2706 ; 0.05265 ; 0.1353

Explanation:

Given that :

λ = 2

According to the poisson distribution formula :

P(x = x) = (λ^x * e^-λ) / x!

P(x = 1) = (2^1 *e^-2) / 1!

P(x = 1) = (2 * 0.1353352) = 0.2706

P(x ≥ 5) = 1 - P(x < 5)

1 - P(x < 5) = 1 - [p(x = 0) + p(x = 1) + p(x = 2) + p(x = 3) + p(x = 4)]

We obtain and add the individual probabilities. To save computation time, we can use a poisson distribution calculator :

1 - P(x < 5) = 1 - (0.13534+0.27067+0.27067+0.18045+0.09022)

1 - P(x < 5) = 1 - 0.94735 = 0.05265

P(x ≥ 5) = 1 - P(x < 5) = 0.05265

Probability that no emails was received :

x = 0

P(x = 0) = (2^0 *e^-2) / 0!

P(x = 0) = (1 * 0.1353352) / 1 = 0.1353

7 0
2 years ago
To overcome this problem when selling to less-affluent consumers in developing countries, many companies make simpler or smaller
xxMikexx [17]

This kind of problem is known as price escalation.

<u>Explanation:</u>

A divergence in estimating where merchandise have greater expenses in a remote market than in the local market because of transportation and sending out expenses is known as price escalation.

Price escalation can likewise allude to the total of cost factors in the circulation channels which mean a higher last expense for an item in a remote market.

5 0
3 years ago
Can you help with 1040 form for acct 130 class
Len [333]

Answer:

what is the question lol? I could probably help you out !

6 0
2 years ago
What is the minimum number of days for an informal complaint to be resolved? (equal opportunity complaint process, page 2)?
krek1111 [17]
I believe there are no minimum number of days for this.
informal process of the complaints typically follow the method that is usually not aimed to be finished in legal court.
the purpose of informal complaint usually only to resolve a simple difference rather than full investigation.
7 0
3 years ago
a large, family-owned dairy farm operating in the western part of virgina is preparing its annual tax return, and the cfo's obje
Schach [20]

Annual tax return is a document which states the income and expenses of a certain firm or individual and it is given to the tax department for further checking.

Depreciation expenses is the decrease in the cost of an asset that has appeared over a period of time because of its use. Any expense that is related to a certain asset is included to calculate the depreciation expense.

Depreciation expense: Cost of the asset - residual value/ total units expected to be produced * actual units produced

To learn more about depreciation expense, click here:

brainly.com/question/15024945?referrer=searchResults

#SPJ4



7 0
1 year ago
Read 2 more answers
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