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
nignag [31]
3 years ago
14

Measuring the price of gasoline in dollars, an economist calculates the price elasticity of demand to be -.5. What would the pri

ce elasticity of demand be if the economist had chosen to measure the price of gasoline in pennies rather than dollars?
A. -.005
B. .-5
C. -.05
D. -50
Business
1 answer:
saw5 [17]3 years ago
7 0

Answer:

(D) -50

Explanation:

1 dollar is equivalent to 100 pennies

The price elasticity of demand measuring the price of gasoline in dollars = -0.5

The price elasticity of demand measuring the price of gasoline in pennies would be -0.5×100 = -50

You might be interested in
Selected current year company information follows: Net income $ 16,753 Net sales 720,855 Total liabilities, beginning-year 91,93
a_sh-v [17]

Answer:

the total asset turnover is 2.65 times

Explanation:

The computation of the  total asset turnover is shown below;

As we know that

Total assets turnover is

= Net sales ÷ average of total assets

= $720,855 ÷ ($91,932 + $206,935 + $111,201 + $133,851) ÷ 2

= $720,855 ÷ $271,959.50

= 2.65 times

Hence, the total asset turnover is 2.65 times

7 0
3 years ago
Question: According to a Honda press release on October 23, 2006, sales of the fuel-efficient four-cylinder Honda Civic rose by
ELEN [110]
<h2>Answer:</h2><h2><em><u>i</u></em><em><u> </u></em><em><u>don't</u></em><em><u> </u></em><em><u>know</u></em><em><u> </u></em></h2>

Explanation:

<h2><em><u>because</u></em><em><u> </u></em><em><u>im</u></em><em><u> </u></em><em><u>a</u></em><em><u> </u></em><em><u>grade</u></em><em><u> </u></em><em><u>3</u></em><em><u> </u></em></h2>
8 0
3 years ago
Which is true? Root cause analysis is an important step in the incident management process. Until the root cause of incidents is
34kurt

Answer:

1. Root cause analysis is an important step in the incident management process.

2. Until the root cause of incidents is identified and eliminated, it is likely that the customer will continue to experience incidents.

Explanation:

The true and correct statement is that root cause analysis is an important step in the incident management process and until the root cause of incidents is identified and eliminated, it is likely that the customer will continue to experience incidents.

Root cause analysis can be defined as a technical process which is typically used to identify or measure the reason why incidents are occurring and how to device necessary procedures to mitigate and prevent the occurrence of such incidents in the future. Ultimately, if the root cause of an incident isn't identified and properly eliminated, it is very much likely that similar or perhaps the same incident would continue to occur.

<em>Hence, the first solution to solving a problem is identifying and eliminating the root cause. </em>

7 0
4 years ago
The ethical, legislative, social initiative is the agency responsible for
meriva

They are responsibl for the consideration of ethical, legal, and social implications related to the human genome.

Hope this helps.

4 0
3 years ago
TB MC Qu. 10-143 (Algo) ABC Corporation makes ... ABC Corporation makes a product with the following standard costs: Standard Qu
laiz [17]

Answer:

I yyyyyyyyyyyyyyyyyyyyttyy believe that you are not doing this for you and your sister in law and you have a lot of friends to do

Explanation:shagsvsbdbdissbevegbubtalkingnwbou y isle tab efor ee

4 0
3 years ago
Other questions:
  • Three stocks have share prices of $37, $115, and $85 with total market values of $540 million, $490 million, and $290 million, r
    8·2 answers
  • Bob's Computer Store has many different types of computers for consumers' varying budgets. A
    7·1 answer
  • Sufficiency of the Writing
    13·2 answers
  • PB9.
    12·1 answer
  • Etxuck327 Inc. sells a particular textbook for $39. Variable expenses are $28 per book. At the current volume of 49,000 books so
    12·1 answer
  • Avoidable costs are best described as: Select one: a. Revenues and costs that differ from one alternative to another. b. Costs i
    14·1 answer
  • In order to accomplish the productivity plan, several Subject Matter Experts from various parts of the organizational have been
    14·1 answer
  • What is the amount of tax paid for the year
    8·1 answer
  • Alex Chunn Inc. has the following financial data for 2019 for its three regional divisions: Historical Cost Current Cost RegionO
    8·1 answer
  • True or false: A value chain system is defined as a company's own value chain combined with those of its suppliers but not those
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!