Which of the following fees would likely to be the highest

In many cases, it is reasonable to refer to the ________________ as the price.

Sladkaya [172]

Most time, it is reasonable to refer to the opportunity cost as the price because it entails the benefit of the foregone good or service.

<h3>What is an opportunity cost?</h3>

It refers to a value of what is rejected in order to perform the chosen alternative, that is, the value one have to give up to buy what you want in terms of other goods or services.

Therefore, it is sometimes reasonable to refer to the opportunity cost as the price because it entails the benefit of the foregone good or service.

Read more about opportunity cost

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6 0

1 year ago

Mass media can be employed to publicize a cause or product by distributing information that is distorted or exaggerated. What is

Kryger [21]

Explanation:

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6 0

2 years ago

Synovec Corporation is expected to pay the following dividends over the next four years: $6.60, $17.60, $22.60, and $4.40. After

Alexandra [31]

Answer: $245

Explanation:

If the required return on the stock is 7 percent, the current share price would be calculated as:

= 6.60/1.07 + 17.60/1.07^2 + 22.60/1.07^3 + 4.40/1.07^4 + [(4.4 × 1.0525) / (7%-5.25%)] / 1.07^4

= $245.23

= $245 approximately

Therefore, the current share price will be $245

3 0

3 years ago

Suppose the price of gasoline in July 2004 averaged $1.35 a gallon and 15 million gallons a day were sold. In October 2004, the

Alenkinab [10]

Answer:

0.15

Inelastic

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = midpoint change in quantity demanded / midpoint change in price

Midpoint change in quantity demanded = change in quantity demanded / average of both demands

change in quantity demanded = 14 million - 15 million = -1 million

average of both demands = (14 million + 15 million ) / 2 = 14.50 million

Midpoint change in quantity demanded = -1 million / 14.50 million = -0.069

midpoint change in price = change in price / average of both price

change in price = $2.15 - $1.35 = $0.80

average of both prices = ( $2.15 + $1.35 ) / 2 = $1.75

midpoint change in price = $0.80 / $1.75 = 0.457

-0.069 / 0.457 = 0.15 demand is inelastic

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.

Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases

Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.

6 0

2 years ago

1. When processing cash payments, the cashier accepts the check and cash payment from the

Tasya [4]

Answer:

That statement is true.

Explanation:

Most companies require this type of procedures to ensure that the employees wouldn't scam the customers during the transaction process.

Restating the total and the total changes allow the guests to conduct a self-calculation for the purchase, ensuring whether the price is suitable to the price tag that provided on the counter. This prevent the employees from giving a higher price to the customers and taking the additional amount for themselves.

8 0

2 years ago