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mestny [16]
3 years ago
9

A perfectly elastic demand function A. shows that a consumer is willing to pay any amount for the product. B. has a marginal rev

enue that is always decreasing. C. is characteristic of an individual firm operating in a perfectly competitive market. D. shows that the individual firm can increase sales by lowering the price of output.
Business
1 answer:
Svet_ta [14]3 years ago
6 0

Answer:

C. is characteristic of an individual firm operating in a perfectly competitive market.

Explanation:

Demand is perfectly elastic if the coefficient of elasticity is infinite. It means thay consumers would only buy at one price. Once that price changes, demand falls to zero.

A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply.

If a seller decides to increase the price of his good in a perfect competition, demand falls to zero and reducing price woild lead to losses.

I hope my answer helps you

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There are three consumers in the market for playing cards: Don, John, and Ron. At a price of $2 per pack, the quantities demande
Igoryamba

Answer:

The correct answer is B. The decrease in price causes the quantity demanded in this market to increase by 6 packs.

Explanation:

quantity demanded in this market @ $2= 3+2+1=6

quantity demanded in this market @$1.50 =4+5+3 =12

Net increase in quantity demanded is 12-6 = 6

4 0
3 years ago
"Harold and Maude are married and live in a common-law state. Neither has made any taxable gifts and Maude owns (holds title to)
jeyben [28]

Answer:

$5528000

Explanation:

Solution

Given that:

Now,

The 2018 estate tax exemption 11180000$ above that the estate inherited are taxed at 40%.

So,

25000000-11180000 = taxable estate 13820000$

The estate tax due= 13820000*40%

= 5528000$

Note: This is reference from Exhibit 25-1 and Exhibit 25-2.

8 0
3 years ago
How do any of these life decision problems
natita [175]

Answer:

baseially you are putting in a person is affecting your life. you come up with a solution. write a postive way to solve it then right a negavitve way to solve it.  then write when you are going to solve  your problem. then the steps that are needed.

8 0
3 years ago
A process that produces computer chips has a mean of .04 defective chip and a standard deviation of .003 chip. The allowable var
FrozenT [24]

Answer:

a) 0.667

b) Yes

Explanation:

Data provided in the question:

Mean = 0.04 chip

Standard deviation, s = 0.003 chip

Lower Specification Limit, LSL  = 0.034

Upper Specification Limit, USL = 0.046

Now,

a) Capability Index = ( USL - LSL ) ÷ ( 6 × s )

or

Capability Index = ( 0.046 - 0.034 ) ÷ ( 6 × 0.003 )

= 0.667

b) Cpk = min( [( USL - Mean) ÷ ( 3s ) , ( Mean - LSL) ÷ ( 3s ))

or

Cpk = min( ( 0.046 - 0.04) ÷ (3 × 0.003 ),  ( 0.04 - 0.034 ) ÷ ( 3 × 0.003 ))

or

Cpk = min( ( 0.046 - 0.04) ÷ (3 × 0.003 ),  ( 0.04 - 0.034 ) ÷ ( 3 × 0.003 ))

or

Cpk = min( 0.667, 0.667 )

Therefore,

Cpk = 0.667

as Cp and Cpk are equal

Hence, it is ideal condition and process is capable

3 0
3 years ago
Universal Containers has a block priced product, Cloud Contacts, and wants to apply a 10% premium to the product when the paymen
Eduardwww [97]

Answer:

d. SBQQ__RegularPrice__c = SBQQ__ListPrice__C * 1.1

a. SBQQ__CustomerPrice__c = SBQQ__RegularPrice__c * (1 - SBQQ__ Discount_c)

c. SBQQ__PartnerPrice__c = CustomerPrice__c * (1 - SBQQ__ PartnerDiscount_c)

b. SBQQ__NetPrice__c = SBQQ__PartnerPrice__c * (1 - SBQQ__ DistributorDiscount_c)

Explanation:

For 10% premium to be applied on a block price product, an action in a correct order should be taken. The order is as follows;

d. SBQQ__RegularPrice__c = SBQQ__ListPrice__C * 1.1

a. SBQQ__CustomerPrice__c = SBQQ__RegularPrice__c * (1 - SBQQ__ Discount_c)

c. SBQQ__PartnerPrice__c = CustomerPrice__c * (1 - SBQQ__ PartnerDiscount_c)

b. SBQQ__NetPrice__c = SBQQ__PartnerPrice__c * (1 - SBQQ__ DistributorDiscount_c)

5 0
3 years ago
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