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vazorg [7]
3 years ago
11

A demand curve that is horizontal indicates that the commodity

Business
1 answer:
Alinara [238K]3 years ago
6 0

When a product has a horizontal demand curve, it means that its elasticity is said to be perfectly elastic. When the price of a perfectly elastic good or service rises above the market price, the amount demanded falls to zero. With perfect elasticity, consumers merely aren’t willing to spend more than a detailed price for a good or service. Meaning that the product has many substitutes.

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Say Mary would like to create a scholarship for $2,500 per year at ECU in her family's name. If the money market rate where the
Furkat [3]

Answer:

the amount that she have to donate is $166,666.70

Explanation:

The computation of the amount that she have to donate is shown below:

Donation amount is

= Annual scholarship ÷ (interest rate - inflation rate)

= $2,500 ÷ (5.5% - 4.0%)

= $2,500 ÷ 1.5%

= $166,666.70

hence, the amount that she have to donate is $166,666.70

We simply applied the above formula so that the correct value could come

And, the same is to be considered

4 0
3 years ago
Suppose the Andrews company expands to other markets with good designs, high awareness, and easy accountability, what strategy w
marissa [1.9K]
The correct answer should be B. Broad differentiation

They want to be seen as better than others and also spread to other markets. This is why they would advertise these qualities that are mentioned in the question, so as to appeal to higher amount of people. Niche would be if they had a niche buyer base and if they stuck to them making products for them.
3 0
3 years ago
Which customers help in the profitability and growth of an organization?
Igoryamba

Both external and internal customers help in the profitability and growth of an organization in a direct or indirect manner.

An external customer is someone who decides to spend money with a company because they enjoy the product or service. A business would not be in business without the support of the customer. These people are the reasons the business is successful and profitable. An internal customer is anyone within the organization that uses the good or service.

5 0
3 years ago
Read 2 more answers
Bau Long-Haul, Inc., is considering the purchase of a tractor-trailer that would cost $367,402, would have a useful life of 7 ye
SCORPION-xisa [38]

Answer:

12%

Explanation:

initial investment $367,402

net cash flows 1 - 7 = $80,500

the IRR is the interest rate at which NPV = 0

we can calculate it by using Exhibit 13B-2 (present value of annuity in arrears)

$367,402 = $80,500 x present value of 7 year annuity in arrears

  • present value of 7 year annuity in arrears at 14% = 4.288
  • present value of 7 year annuity in arrears at 12% = 4.564
  • present value of 7 year annuity in arrears at 8% = 5.206

with 14% ⇒ $80,500 x 4.288 = $345,184

with 12% ⇒ $80,500 x 4.564 = $367,402 CORRECT ANSWER

with 8% ⇒ $80,500 x 5.206 = $419,083

5 0
4 years ago
Which of the following is specifically designed to increase the long run aggregtae suply curve?
wlad13 [49]

Answer: c) developing new technologies.

Explanation:

The Long Run Aggregate Supply (LRAS) curve can only change if the productivity in the Economy changes. One of the ways this can happen is through the use of newer better technology.

The better technology will make production more efficient by producing more goods at a lesser cost which lead to an increase in the GDP potential of the country which is a shift in the LRAS.

4 0
4 years ago
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