Answer and explanation:
In both cases, in terms of rent and terms of students benefits, it will be better for the college to have two stores, In that way, the college makes sure the profits will be higher than just by having one store on campus and students are benefited because of the variety of books they could find in the two stores, not just in one.
Fashion merchandising is the promotion of apparel sales and involves all of the tasks necessary to deliver the clothing requests and meet the needs of potential customers and designers.
Where’s the other answer choices?
Answer:
13x ÷ 760 - 13x
Explanation:
The compuatation is shown below:
Data provided in the question
Price per cookie = X
And, the quantity of cookies sold is
q = D(x) = 760 - 13x
Based on the above information, the price elasticity of demand equal to 1 is
We have to use the derivative
D'x = -13
Now the elasticity is
= x. D'x ÷ D(x)
= {x. (-13)} ÷ {760 - 13x}
= 13x ÷ 760 - 13x
Demand for a product is perfectly elastic in this type of industry. Monopolistic competition occurs whereby the market is made up of many consumers and many producers and the product/service offered by the producers is differentiated. In this case, the producers are price makers as they posses significant pricing power. One key characteristic across the board is that since a similar range of products is being offered, demand is highly elastic and can easily shift based on small changes made by the producer.
