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natita [175]
4 years ago
14

Studies indicate that the price elasticity of demand for cigarettes is about 0.4. A government policy aimed at reducing smoking

changed the price of a pack of cigarettes from $2 to $6. According to the midpoint method, the government policy should have reduced smoking by
Business
1 answer:
Vesnalui [34]4 years ago
6 0

Answer: more than half.

Explanation:elasticity of demand is a degree of change in demand with respect to price. According to midpoint method this is used to show percentage change in quantity demanded, divided by the percentage change in price. With an increase in price from $2 to $6 the demand for cigarette is expected to drop by more than half.

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Both Projects A and B are acceptable as independent projects. However, the selection of either one of these eliminates the optio
Slav-nsk [51]

Answer: Mutually exclusive

Explanation:

In probability theory and logic, two propositions or events are disjoint or mutually exclusive if both events cannot occur at the same time. An example is the outcomes derived from the single toss of a coin which either be head or tail

In the project example given, the theory used is called mutually exclusive since both projects can not be chosen at the same time and it is only one project at w time. Mutually exclusive events are also called independent events since they have no effect on the viability of the other options.

4 0
3 years ago
A fire has destroyed a large percentage of the financial records of the strongwell co. you have the task of piecing together inf
jeyben [28]
Return on assets = .138/(1+ .72414) = .08, or 8 percent.
4 0
3 years ago
Which group of words be describes wants?
kirill [66]

Answer:

Explanation:

I'm describing the word: wants

Some regular equivalent words of need are pine for, ache for, want, and wish. While every one of these words signify "to have an aching for," need explicitly proposes a felt need or need. Also, " desire, crave, covet."

3 0
3 years ago
One would expect a sports team who continues to add players to its roster (beyond the minimum required to "field a team") to eve
yawa3891 [41]

Answer:

Diminishing marginal product of labor.

Explanation:

Remembering the law of diminishing marginal product which states that by additing unit of labour, while keeping other factors constant would over time lead to lesser output of labour.

Thus one may expect a sports team who continues to add players (additional unit of labour) to its roster above the minimum in the field would eventually not lead to increase efficiency in the field since other factors are kept constant such as increase training for players.

7 0
3 years ago
7. Problems and Applications Q7 A dozen eggs cost $0.96 in December 2000 and $2.75 in December 2015. The average wage for worker
fredd [130]

Answer: 187%

Explanation:

The percentage increase in the price of dozen egg would be:

= ( 2.75-0.96) × 100/ 0.96

= 1.79 × 100 / 0.96

= 186.45%

The percent increase in the price of dozen egg = 187%

4 0
3 years ago
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