1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Step2247 [10]
3 years ago
14

FreshLeaf is a commercial salad maker that produces "salad in a bag" that is sold at many local supermarkets. Its customers like

lettuce but don’t care so much what type of lettuce is included in each bag of salad, so you would expect FreshLeaf’s demand for iceberg lettuce to be:
a) elastic
b) inelastic
c) unit elastic
d) all of the above
Business
1 answer:
IgorLugansk [536]3 years ago
3 0

Fresh Leaf’s demand for iceberg lettuce to be elastic .

Option A

<u>Explanation: </u>

The quantity of a product is the demand for a given time period, which the customers are prepared to buy at different prices. The price-quantity relationship required is also called the demand slope.

Demand for a good is said to have been "elastic," when a small price change leads to people wanting more or even less good. The demand for a commodity is ' inelastic ' if a small price increase does not cause people to give up what they want of it or even change what they want.

This means that the required quantity proportional change is separated by the percentage from one of the dependent variables.

Price elasticity is often used in economics to demonstrate that the quantity needed by the product or service to a rise in prices with price change are the only reactivity, or elasticity, of the product or service.

You might be interested in
Why is it important to review your personal information for accuracy when you receive an invoice?
Sav [38]

When you receive an invoice, it is important to review your personal information for accuracy, the reason behind this is to ensure that the invoice is going to sent you and it is related to you. To make sure that the information you sent or saved is related to you and is reliable, this is done by reviewing your personal information.
8 0
3 years ago
Debts and obligations of a business are referred to as:.
sertanlavr [38]

Answer:

Liabilities

Explanation:

Liabilities are the debts and obligations that a business owes.

4 0
2 years ago
Company X currently has a capital structure that consists of 40% equity, 20% preferred equity, and 40% of debt. The risk-free ra
Sindrei [870]

Answer:

14.58%

Explanation:

WACC = weight of equity x cost of equity + weight of debt x cost of debt x (1 - tax rate) + weight of preferred equity x dividend yield

According to the capital asset price model: Expected rate of return = risk free + beta x (market rate of return - risk free rate of return)

r= 3% + 1.1 x 8 = 11.8

equity = 0.4 x 11.8% = 4.72

d = 0.4 x 5 x (1 -0.21) = 1.58

p = 0.2 x 6 =  1.2

11.8 + 1.58 + 1.2 =

8 0
3 years ago
Natalie operates on a pretty tight budget. She is a price-conscious shopper and usually buys store or generic brands to save mon
Llana [10]

Answer: The income effect

Explanation: The income effect refers to the effect on the purchasing power of the consumer when his or her income level changes.

In the given case, Natalie was price conscious  and used to buy lower priced goods with the objective of saving money. When her income rises she starts buying expensive goods as her purchasing power increases with increase in income.

Hence from the above we can conclude that the correct option is A.

7 0
3 years ago
Larkspur, Inc. had net sales in 2020 of $1,447,100. At December 31, 2020, before adjusting entries, the balances in selected acc
Zielflug [23.3K]

Answer:

The entry to record bad debt expense:

Debit Bad debts expense $24,446

Credit Allowance for Doubtful Accounts $24,446

Explanation:

1. At December 31, 2020,

Bad debt are estimated: 11% x $204,600 = $22,506

Before adjusting, Allowance for Doubtful Accounts had a debit balance of $1,940. So Bad debt expense will be: $1,940 + $22,506 = $24,446

The adjustment to record Bad debt expense and Allowance for Doubtful Accounts:

Debit Bad debts expense $24,446

Credit Allowance for Doubtful Accounts $24,446

6 0
3 years ago
Other questions:
  • Bettina likes to know the end from the beginning. She gathers as much information as possible before making a decision. Bettina
    8·1 answer
  • The manager of a crew that installs carpeting has tracked the crew’s output over the past several weeks, obtaining these figures
    11·1 answer
  • Holly took a prospective client to dinner, and after agreeing to a business deal, they went to the theater. Holly paid $290 for
    8·1 answer
  • Mediflow, a medium-sized medical technology company, has been successful in its research and development, but needs improvement
    5·1 answer
  • Common ownership interest in a business, sharing profits (or losses) of a business, and the right to participate in managing the
    6·1 answer
  • Meet a market meaning?
    11·1 answer
  • Consensus ad idem means which of the following?
    15·2 answers
  • Which of the following statements accurately describes a flexible budget​ variance?
    12·1 answer
  • What is the difference between intra departmental communication and interpersonal departmental communication
    7·1 answer
  • Which of the following factors are considered when calculating GDP? I. Goods produced within a country by citizens of that count
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!