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
You want to ctegsosit $15,00na bank at an interest rate of 7 percent per year What is the uture vale of this money after three y
Svetlanka [38]

Answer:

A $18, 375.63

Explanation:

The amount to be deposited is $15,000

Interest rate is 7 percent

time is 3 years

the future value will be; the applicable formula

A = p x ( 1 + r) ^n

A = $15,000 x ( 1 + 7/100) ^ 3

A= $15,000 x 1.225043

A=$18,375. 64

6 0
2 years ago
A firm conducted a market analysis and determined that a new wo
forsale [732]
The answer is A the firm should increase output!!!!
4 0
3 years ago
Why is it important to do research prior to making a purchase ?
VashaNatasha [74]

Answer/ Explanation:

<em><u>Before/Prior to making a purchase, it's important to ensure optimal decisions so it improve profitability when buying it. information on the needed characteristics of whatever you are getting. So, you are getting everything you need appropriately. </u></em>

7 0
3 years ago
At the time a $400 petty cash fund is being replenished, the company's accountant finds vouchers totaling $350 and petty cash of
Oksi-84 [34.3K]

Answer:

Explanation:

The journal entry to record the expenditure account is shown below:

Postage A/c Dr $100

Business lunches A/c Dr $150

Delivery fees A/c Dr $75

Office supplies /c Dr $25

                To  Petty cash A/c $350

(Being expenditure is recorded)

So, the debit petty cash account would not be considered as it is credited while passing the journal entry.

7 0
3 years ago
The difference between production possibilities frontiers that are bowed out and those that are linear is that a. bowed out prod
salantis [7]

Answer:

b

Explanation:

The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.  

The PPC is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.  

Factors that cause the PPF to shift  

1. changes in technology.  

2. changes in available resources.  

3. changes in the labour force.  

a linear PPC means that there is a constant opportunity cost. Linear PPC are rear

8 0
2 years ago
Other questions:
  • After several years with the publishing house that Jessica started at after college, she has been promoted to manager of the fic
    11·1 answer
  • What is my name and who knows it
    8·2 answers
  • Like many entrepreneurs, troy smith started sonic as a sole proprietorship, then took on a partner, and eventually offered franc
    11·1 answer
  • Which type of account is typically the MOST liquid? Checking account Savings account Certificate of Deposit Exchange Traded Fund
    12·1 answer
  • Several years ago the Jakob Company sold a $1,000 par value, noncallable bond that now has 20 years to maturity and a 7.00% annu
    10·1 answer
  • Which of the following about non-insurance contracts is FALSE?: A. like insurance contracts they involve transfer of risks. B. c
    15·1 answer
  • Equity method journal entries (price greater than book value) An investor purchases a 25% interest in an investee company, and t
    8·1 answer
  • The LM curve illustrates that when income increases:________.
    15·1 answer
  • Begin with a single sum of money at period 0. First, calculate a future value of that sum at 12.01%. Then discount that future v
    11·1 answer
  • Pratique Solutions offers jobs that require creativity and hires people who are enthusiastic and friendly. Their pay scale meets
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!