Answer:
Inelastic
Explanation:
Elasticity of demand = percentage change in quantity demanded / percentage change in price
percentage change in quantity demanded =
35,000 - 40,000/40,000 = -0.125 = -12.5%
percentage change in price = $10 - $8 / $8 = 0.25 = 25%
Elasticity = -12.5%/25%= -0.5
Demand is inelastic because the elasticity of demand is a less than 1.
Elasticity of demand measures how quantity demanded changes when price change.
Demand is inelastic when a change in price has no effect on quantity demanded. Inelastic demand has a value of less than 1 .
Demand is elastic if a change in price has an effect on quantity demanded. Elastic demand has a value of more 1
Unitary elastic is when a change in price has the same proportional effect on a change in quantity demanded. Unitary elastic demand has a value of 1.
Answer: Intensive distribution
Explanation:
Here, in this particular case Frito-Lay is trying to accomplish the <em>Intensive Distribution</em>. Intensive distribution is referred to as the marketing strategy under which an organization tends to sell their respective commodity through their several outlets or store as, in order to have the individuals and their respective customers confront the commodity virtually almost everywhere.
Answer:
The three economic questions that every society must answer are as follows: "What to produce?" "How to produce?" and "For whom to produce?"
"What to produce": The quantity in which a commodity is to be produced is set at that level where demand equals supply. If quality produced is more or less, then there will be dis equilibrium in the market and price will fluctuate. Hence, to maintain stable equilibrium price it becomes necessary to make demand and supply equal.
"How to Produce": There are two types of techniques. A labor-intensive technique would employ relatively more labor and less capital. On the other hand, capital- intensive technique means more capital and less labor. The choice of technique depends on the prices of the factors of production. That is, if labor is cheap and capital is expensive, a labor-intensive technique would be considered and vice-versa.
"For whom to produce": The solution of this problem is very simple commodity can be consumed only by people who have more purchasing power. Price mechanism determines the income of the workers, i.e.; purchasing power. The purchasing power of the owner of capital is determined in the same way. Thus, when the price of every commodity and every factor of production are determined, the third problem will be solved
Answer:
They display:
- phone number
- business address;
- a map marker along with the business owner's ad text.
Explanation:
Location extensions give the opportunity a business owners to display the following:
- phone number
- business address;
- a map marker along with the business owner's ad text.
Location extensions are of two types:
1. Google Ads location extensions also give the opportunity to display phone number, business address; and a map marker along with the business owner's ad text.
2. Affiliate location extensions make it easy to discover a retail chains outlet that is nearby selling what you want to buy. The purpose is to serve the owners of retail chains outlets who want customers who are making decisions on what and where to buy commodities to find their outlets.
Answer:
e. $6.0 million
Explanation:
The computation of the total value of the firm is shown below:
The Value of the firm is
= Amount borrowed ÷ ownership percentage
= $1,500,000 ÷ 0.25
= $6,000,000
Hence, the total value of the firm is $6,000,000
Therefore the correct option is e.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
