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3 years ago

HELP PLEASE!!! YOU ARE TRYING TO DETERMINE HOW LONG TO STUDY FOR THIS EXAM. EXPLAIN ECONOMICALLY.

Business

1 answer:

Natalija [7]3 years ago

7 0

Answer: What kind of exam is it? Study as long as you can if its flashcards or practice problems.

Explanation:

This is the best way to study

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At higher prices, the price elasticity of demand is likely to be ________, whereas it is likely to be ________ at lower prices.

Black_prince [1.1K]

Answer:

2. elastic; inelastic

Explanation:

The price elasticity of demand, the amount consumers demand from a particular price are different for each good or service, and when the price changes, the response shown as the change in the quantity requested is different for each good (even at a different price level for one good).

In the face of price changes, the severity (or degree of sensitivity) of the reaction of consumers in the form of changing the amount they buy against this change is measured by the price elasticity of the demand, which is also called demand elasticity. This flexibility is expressed by a coefficient.

The price elasticity coefficient of demand is equal to the ratio of the percentage change in the quantity demanded to the percentage change in price in the face of a small change in price.

The Price elasticity will be elastic when it equals or more than 1, if not it will be inelastic with the amount of less than 1.

6 0

3 years ago

Roberto designers was organized on January 1,2021. The firm was authorized to issue 100,00 shares of $5 par value common stock.

jekas [21]

Answer: the correct answer is D) $250,000

Explanation:

Answers

transactions relating to stockholder's equity

Issued shares 10,000* $7 = $70,000

Issued shares 20,000*$8 = $160,000

net income = $100,000

--------------

Sub Total $330,000

Debts

50,000 dividend ($50,000)

3,000 *$10 treasury stock ($30,000)

--------------

Sub Total ($80,000)

Total $330,000-$80,000 = $250,000

8 0

3 years ago

Which of the following statements is CORRECT? a. Because most stock ownership is concentrated in the hands of a relatively small

lbvjy [14]

Answer:

d. The potential exists for agency conflicts between stockholders and managers.

Explanation:

A problem of the agency is a conflict of the interest of relationships where one party is expected to act in another best interest and usually refers to the conflicts of the interest between the companies management and the stockholders.

6 0

3 years ago

Sami nguyen is responsible for two departments that continually set conflicting goals. sami must get involved in ____ to achieve

Paul [167]

<span>Sami must get involved in communicating between departments. He needs to set meetings so they can reach a joint goal and plan to get there. He needs to foster teamwork.</span>

6 0

3 years ago

Electro Company manufactures an innovative automobile transmission for electric cars. Management predicts that ending finished g

snow_tiger [21]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Beginning inventory= 208,500 units.

Sales:

second quarter= 417,000 units

third quarter= 469,000 units

fourth quarter= 289,500 units.

Desired ending inventory= 50% of the next quarter's budgeted sales.

To calculate the production for each quarter, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Second-quarter:

Sales= 417,000

Desired ending inventory= 0.5*469,000= 234,500

Beginning inventory= (208,500)

Total production= 443,000

Third-quarter:

Sales= 469,000

Desired ending inventory= 0.5*289,500= 144,750

Beginning inventory= (234,500)

Total production= 379,250

4 0

3 years ago