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Temka [501]
3 years ago
5

Suppose the price elasticity of supply for soccer balls is 0.3 in the short run and 1.2 in the long run. If an increase in the d

emand for soccer balls causes the price of soccer balls to increase by 20%, then the quantity supplied of soccer balls will increase by about:________.
Business
1 answer:
blagie [28]3 years ago
4 0

Answer:

  • 6% in the short run
  • 24% in the long run

Explanation:

In the short run, the effect of a 20% increase in the price of soccer balls will result in a ⇒ 0.3 x 20% = 6% increase in the quantity supplied.

In the long run, the effect of a 20% increase in the price of soccer balls will result in a ⇒ 1.2 x 20% = 24% increase in the quantity supplied.

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What percentage of individuals aged 65 and over rated their health as good, very good or excellent during the period of 2006-200
OLEGan [10]
The correct answer for this question would be 75% seventy-five percent. The percentage of individuals <span>aged 65 and over who rated their health as good, very good or excellent during the period of 2006-2008 is 75%. Older men and women reported similar levels of health. Hope this answer the question. </span>
6 0
3 years ago
funds are created when individuals or organizations contribute resourcesto a trust with the agreement that principal and/or inco
Eva8 [605]

Funds are created when individuals or organizations contribute resources to trust with the agreement that principal and/or income will be used to benefit individuals or private organizations in a Private-Purpose trust.

A funding fund is a manner of investing money among different traders so one can enjoy the inherent benefits of operating as part of a group such as decreasing the dangers of the funding by a massive percentage.

A fund is a pool of money set apart for a particular reason. The pool of cash in a fund is frequently invested and professionally controlled which will generate returns for its traders. A few not unusual styles of price range include pension budget, coverage funds, foundations, and endowments.

The primary assets of investment are retained profits, debt capital, and fairness capital. Groups use retained earnings from enterprise operations to amplify or distribute dividends to their shareholders. Corporations increase the budget by means of borrowing debt privately from a bank or via going public (issuing debt securities).

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8 0
1 year ago
Acton Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its m
algol [13]

Answer:

option (b) $69,768

Explanation:

Data provided in question:

Estimated manufacturing overhead = $73,440

Estimated machine-hours = 1,800

Actual manufacturing overhead = $68,700

Actual machine-hours = 1,710

now,

The predetermined overhead rate = \frac{\textup{Estimated manufacturing overhead}}{\textup{Estimated machine-hours}}

or

The predetermined overhead rate = \frac{\textup{73,440}}{\textup{1,800}}

or

The predetermined overhead rate = $40.8 per hour

Therefore,

The applied manufacturing overhead for the year

=  Actual machine-hours × predetermined overhead rate

= 1,710 × $40.8

= $69,768

Hence,

the correct answer is option (b) $69,768

5 0
4 years ago
Gerald is assessing global entry strategies for his gourmet sandwich business. He doesn't want to take much risk, and he's willi
vitfil [10]

Gerald is assessing global entry strategies for his gourmet sandwich business. He does not want to take a lot of risk and he is willing to limit his control of international stores. Gerald will likely use a(n) __________ strategy.

Select one:

a. direct investment

b. franchising

c. exporting

d. joint venture

e. strategic alliance

Answer:

b. franchising

Explanation:

For a food business like a gourmet sandwich business, the best global entry strategy Gerald will likely take that involves low risk and limit in control of international store is franchising strategy.

Franchising, which involves a contract that allows one company to use the brand and concept of another company, guarantees getting customers and retention of customers. The image of the product offered would be created in current and potential customers .

7 0
3 years ago
A group of management consultants is studying OGSI Manufacturing and its team management strategy. Once Pete Jazoni's work group
boyakko [2]

Answer:

the Hawthorne effect

Explanation:

The Hawthorne Effect is the theory that states that people are more likely to modify their behavior because they are under study or evaluation and not as a result of response to stimuli.

Therefore, according to the given question, Pete Jazoni's output nearly doubled once it was selected for special attention by experts. This is an example of the Hawthorne effect.

7 0
3 years ago
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