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3 years ago

15

When calculating price elasticity of demand, if the percentage change in price is negative, then the percentage change in quanti

ty demanded is typically: greater than one. positive. less than one. negative.

1 answer:

serious [3.7K]3 years ago

8 0

Answer:

Less than one

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If a pair of shoes in the United States costs $45, and a pair of the exact same shoes is sold in Mexico for 430 pesos while the

Svetach [21]

Answer:

The correct answer is profit of $2.3 by selling it in Mexico.

Explanation:

According to the scenario, the computation of the given data are as follows:

In the United states Cost of shoes = $45

In Mexico, Cost of Shoes = 430 Pesos ( where $0.1100 = 1 pesos)

So, 430 Pesos = 430 × $0.1100 = $47.3

So, we can calculate the profit to sell in Mexico as follows:

Profit to sell in Mexico = Sell price in Mexico - Sell price in US

= $47.3 - $45

= $2.3

So, the arbitrage opportunity exist by buying the shoes in Pesos and selling it in Mexico, one can make a profit of $2.3 per shoes.

7 0

3 years ago

The united states imposes a tariff on electronics imported from china. Which would be a result?

balu736 [363]

Americans purchase more domestically produced electronics.

China has ceased all product marketing to Americans. Chinese gadgets are becoming more affordable. Consumer demand for domestically produced electronics in the US rises as a result of the electronics trade with China.

An economic idea known as demand theory explains the connection between customer demand for products and services and market prices.

Demand is the quantity of an item or service that customers are willing and able to purchase at a specific price in a specific time frame.

Demand theory explains how alterations in customer demand for an item or service have an impact on its market price.

To learn more about tariffs on electronics

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7 0

2 years ago

Current Attempt in Progress

Kamila [148]

Answer:

units

Explanation:

Units Unit Cost Total Cost

April 1 inventory 250 $28 $ 7,000

April 15 purchase 350 34 11,900

April 23 purchase 400 36 14,400

1,000 $33,300

4 0

3 years ago

_____ are costs expended to keep nonconforming goods and services from being made and reaching the customer. a. Internal failure

densk [106]

Answer:

The Answer is C

Explanation:

Prevention costs

8 0

2 years ago

In a recent annual report, Rosh Corporation disclosed that 60,000,000 shares of common stock have been authorized. At the beginn

irina [24]

Answer:

33,880,934 stocks

Explanation:

total number of authorized stocks = 60,000,000

stocks issued at beginning of the year = 36,356,357

treasury stocks at beginning of the year = 7,171,269

net change in total stocks outstanding = additional shares issued - increase in treasury stocks = 558,765 - 3,034,188 = -2,475,423

total number of stocks outstanding = outstanding stocks at the beginning of the year + net change in stocks outstanding = 36,356,357 -2,475,423 = 33,880,934 stocks

7 0

3 years ago