Answer:
Inelastic
Explanation:
Inelastic demand is when the buyer's demand does not change as much as the price changes. When price increases by 20% and demand decreases by only 1%, demand is said to be inelastic.
Inelastic demand in economics is when people buy about the same amount, whether the price drops or rises. This situation happens with things that people must have, like gasoline and food. Drivers must purchase the same amount even when the price increases.
Answer:
The correct answer is c. is equal to 1.
Explanation:
Answer:
The correct answer is (D) all, maximizes her total utility.
Explanation:
Consumer's equilibrium is a defined as a situation in which an individual uses his or her money to buy goods in a manner in which the person obtains the highest satisfaction and has no need for a change in the level of consumption on account of the price of the product.
Consumer equilibrum enables an individual to obtain complete satisfaction from his or her money. Consumer equilibrum is found by comparing the ratio of the marginal utility to the price of a commodity.
Answer: D. All of these are reasons why operations management is important.
Explanation: Operation management is concern with converting materials and labor efficiently into goods and services for profit maximization. It is the administration of business principles in creating the highest level of efficiency within an organization.
Efficient and productive operation drives the economic well being of nations, Operations management is responsible for much of the value created by organizations and a key source of competitive differentiation among firms, are reasons why operation management is important.
Answer:
Explanation:
Sales$439,000
Profit Margin = 6% x $439,000 = $26,340
Tax liability = 34% x $26,340 = $8,956.
Cash flow from operations:
Net income $26,340
Add depreciation $32,000
Deduct net working capital changes -$56,000
Deduct tax liability $8,956
Cash flow from operating activities -$6,616
