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OverLord2011 [107]
4 years ago
12

Generally, we calculate elasticity as the: percentage change in quantity demanded/supplied divided by the change in price. perce

ntage change in price divided by the percentage change in quantity demanded/supplied. percentage change in quantity demanded/supplied divided by the percentage change in price. change in quantity demanded/supplied divided by the change in price.
Business
1 answer:
lozanna [386]4 years ago
5 0

Answer: Option (C) is correct.

Explanation:

Elasticity measures the responsiveness of percentage change in quantity demanded from percentage change in price.

Elasticity = \frac{Percentage\ change\ in\ quantity\ demanded/supplied}{Percentage\ change\ in\ price}

Types of elasticity:

(1) Perfectly elastic

(2) Inelastic

(3) Unitary elastic

(4) Less elastic

(5) More elastic

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The beginning balance on the monthly bank statement for Ignatius's checking account was $124.82, and the ending balance was $659
Nutka1998 [239]

In this scenario, Ignatius had a net gain of 534.45 which means he had 534.45 more CREDITS than DEBITS.

Credits to a checking account increase the balance while debits decrease it.

5 0
4 years ago
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A company using a weighted-criteria evaluation system has established these 5 categories and the appropriate weight in parenthes
Virty [35]

The appropriate “weighted” in the weighted-criteria evaluation system  is derived from the fact that the company will consider particular criteria more important than others and therefore, will give those criteria a higher possible part of the complete score.

The weighted criteria evaluation system is a valuable decision-making technique that is used to analyse program options based on particular evaluation criteria weighted by significance.

By evaluating various options based on their performance with respect to personal criteria, a value for the options can be recognized. The value for each option can be collated to generate a rank order of their performance connected to the criteria as a whole.

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8 0
2 years ago
Market researchers for a local bakery determined that Jewish people consume 63% of the portion of bagels sold in New York City.
Anon25 [30]

Answer:

Subcultural

Explanation:

Consumer behaviour refers to how individuals make decisions on ways to spend their available resources, time, money, and effort on variety of items.

A society is composed of several sub-cultures in which iindividuals can identify themselves. A Subculture is a group of people within a culture who are different from the dominant culture but have something in common with one another such as common interests, religions, ethnic backgrounds.

Culture is considered an external factor that influences consumer behavior. Since different cultures have different values, they will have different buying habits. A typical example is the Jewish people that purchase about 63% of bagels that is sold in New York City.

7 0
3 years ago
The following information is from Morris company: Direct materials : $30,000 Wages for production workers: $50,000 Lease, utilit
bixtya [17]

Answer:

Number of units produced during the period: 38,000 units

Explanation:

Cost to produce the product exclude General Selling and administrative Expenses - selling and management expense.

Total Cost to produce the product = Direct materials + Wages for production workers + Lease, utility costs and depreciation for factory workers = $30,000 + $50,000 + $15,000 = $95,000

The average cost to produce one unit: $2,50. Number of units produced during the period = $95,000/$2,50 = 38,000 units

3 0
4 years ago
Waterway Industries compiled the following financial information as of December 31, 2022: Service revenue $834000 Common stock 1
Rashid [163]

If Waterway Industries compiled the financial information as of December 31, 2022. Waterway's assets on December 31, 2022 are: $587500.

<h3>Assets</h3>

Using this formula

Assets=Equipment+Cash+Supplies+Accounts receivable

Where:

Equipment=$246000

Cash=$216000

Supplies=$33000

Accounts receivable=$92500

Let plug in the formula

Assets=$246,000 + $216,000 + $33,000 + $92,500

Assets =$587500

Therefore If Waterway Industries compiled the financial information as of December 31, 2022. Waterway's assets on December 31, 2022 are: $587500.

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3 0
2 years ago
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