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Grace [21]
3 years ago
8

Seth is a competitive body builder. He says he has ti have his 12 oz package of protein to " feed his muscles" every day. On the

basis of this information, what can you conclude about his price elasticity of demand for protein powder?
1. It is perfectly inelastic
2. It is perfectly elastic
3. The price elasticity coefficient is 0
4. it is elastic
Business
1 answer:
nexus9112 [7]3 years ago
3 0

Answer:

1. It is perfectly inelastic

Explanation:

Elasticity of Demand is the responsiveness of demand to price change.

  • Elastic Demand > 1 ; implies demand changes proportionately more than price change
  • Inelastic Demand < 1 ; implies demand changes proportionately less than price change
  • Perfectly Elastic Demand  = ∞ ; implies demand changes infinitely to price change, so the prices are constant
  • Perfectly Inelastic Demand = 0 ; implies demand doesn't respond to price change, so quantity demanded is constant

Given : Seth body builder needs 12oz protein packet to 'feed his muscles' depicts that it is a necessity good to him. Being a necessity good, it would be demanded by Seth irrespective of price.

So, the demand is perfectly inelastic.

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Sorenson LLC, a publicly traded company, has ten members on its board. Of the ten members, six members are employees of the comp
Vesnalui [34]

Answer:

D. 7

Explanation:

Based on the information provided within the question it can be said that they need to appoint a total of 7 outside board members to achieve board independence. This is because in order to achieve board independence the board needs to consist of more members that are not employees than those who are. This is because votes need to be made in accordance to what is best for the company and shareholders, which may not always be best for the employees. Therefore when voting the employees may be biased.

8 0
3 years ago
Suppose that Dunkin Donuts reduces the price of its regular coffee from $2 to $1 per cup, and as a result, the quantity sold per
harkovskaia [24]

Answer:price elasticity of demand for Dunkin Donuts’ regular coffee is 1.8

Explanation: Using the midpoint formnulae

Price elasticity of Demand =percentage change in quantity demanded/ Percentage change in price.

Percentage change in quantity = new quantity  - old quantity  / (new quantity + old quantity)/2  x 100

= 40-10/(40+10)/ 2 = 30 /25 = 1.2 x 100 =120%

Percentage change in price  = new price   - old price   / new price + old price)/2   x 100

= 1- 2 / (1+2)/2= -1/1.5x 100 = -66.67 %

Price elasticity of Demand =percentage change in quantity demanded/ Percentage change in price.

= 120%/-66.67%= -1.79 = -1.8

For Price elasticity of demand, the sign is not included and the basis for elasticity is on the value itself . here we can conclude that the Price elasticity of demand for Dunkin donut is 1.8 and elastic because a fall in price led to an increase in amount being sold.

3 0
3 years ago
A manager should attempt to maximize the value of the firm by changing the capital structure if and only if the value of the fir
faust18 [17]

Answer:

Option a                                

Explanation:

In simple words, value maximization refers to the process under which the managers of an organisation tries to make or increase the existing economic profits, that is, the money left with the organisation after paying for the obligations of all the money providers including the lat in hierarchy, the equity shareholders.

Value maximization can be performed by changing the capital structure which affects the payment obligations. The value maximization affects all the stakeholders of the organisation therefore, the decision should be made by tasking into consideration them all.

6 0
2 years ago
Shane's buyers learned during the inspection that there was water damage around the fireplace and that the chimney needed new fl
MAVERICK [17]

Shane should just call the steeplejack.

  • Flashing serves as an additional layer of water protection; however, if you notice leaks, your flashing is damaged. You may experience water damage if you find rust, holes, or areas where the flashing has worn down. However, it would still be best to replace it.
  • Repointing your chimney brick mortar would be your first step. Repointing is the process of taking out the crumbly mortar, then replacing it with a new batch of mortar.
  • your chimney crown and flue serve as your extra protection against water. However, gaps may eventually appear after some time, allowing water to enter.
  • As a result of the water seeping in, it will damage not only the crown but also the flue. And caulking would be the answer to this chimney problem. Caulking is the process of sealing a gap using a sealant or a waterproof filler

learn more about water leaks here : brainly.com/question/681061

#SPJ4

8 0
1 year ago
A 30-second radio spot for Louies sporting goods cost $650.If the spot is run three times a day for one week, how much will Loui
lisabon 2012 [21]

Answer:

The total amount that Louies spends on advertising=$13,650

Explanation:

To calculate the total amount Louies sporting goods spends on advertising, we express the total expenditure as follows;

Total expenditure=Cost per day×number of days

Cost per day=cost per spot×number of spots in a day

Cost per day=(650×3)=$1,950

Number of days in a week=7 days

replacing;

Total expenditure=Cost per day×number of days

Total expenditure=(1,950×7)

Total expenditure=$13,650

The total amount that Louies spends on advertising=$13,650

5 0
2 years ago
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