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DedPeter [7]
3 years ago
10

Why would the supply curve of a dog walking business be considered elastic

Business
1 answer:
AURORKA [14]3 years ago
4 0

Answer:

C. because it can hire workers quickly if the price rises​

Explanation:

Demand is said to be elastic if a small change in price causes a significant change in the quantity demanded.  For example, if the price commodity Z increases by a small percentage and the demand falls by a bigger percentage, commodity z has elastic demand. Elastic demand is about the responsiveness of quantity demanded due to changes in price.

The supply curve illustrates the relationship between price and the quantity demanded. If demand is elastic, a change in price will result in a big movement along the supply curve. If the price of labor for walking dogs decreases by a small percentage, and the demand for dog walkers increase, then the dog walking business has elastic demand.

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Suppose you can afford to invest $1,000 each month into an account that pays 15% per year. How many years will you need to make
myrzilka [38]

Answer:

Explanation:

Rate per period =15% = 15/12 monthly

Payment(PMT)=$1,000

Future amaount(FV)=$2,000,000

N(years)=?

If input this data into fin calculator, n= 262.27months=262.27/12years=21.86years

6 0
3 years ago
Which of these fees is paid at the closing when a home purchase is finalized?
sleet_krkn [62]
<u>d.) Title insurance</u> is one of the fees that is paid at the closing of a home purchase when it is finalized.

There are two types of title insurance.
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8 0
3 years ago
If an applicant has extensive training, numerous scholastic accomplishments, a high level of community involvement, and no work
Gala2k [10]
A functional/hybrid resume would be more suitable for this situation.

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6 0
3 years ago
The manufacturing costs of Rosenthal Industries for the first three months of the year follow:
svlad2 [7]

Answer:

variable cost per unit = 46

fixed cost 188680

Explanation:

The high-low method consist in compare each frame to get the variable and fixed components

5440 high

2040 low

3400 difference

437920 high

281520 low

156400 difference

variable cost =15600/3400

variable cost = 46

the reasoning is that the additional 3400 units generated that cost.

Now:

we múltiple by the units by the production and get total variable

46 * 2040 = 93840 total variable

lastly total cost - total variable = fixed

281520 - 93840 = 188680

7 0
3 years ago
Calls arrive at Lynn Ann​ Fish's hotel switchboard at a rate of 2.5 per minute. The average time to handle each is 20 seconds. T
defon

Answer:

50

Explanation:

8 0
3 years ago
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