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iren [92.7K]
3 years ago
5

Other things being​ equal, demand is less elastic A. the smaller the percentage of a total budget that a family spends on a good

. B. the more expensive the good is. C. the longer is the time period for adjustment. D. the more substitutes a good has.
Business
1 answer:
telo118 [61]3 years ago
3 0

Answer:

The correct answer is letter "D": the more substitutes a good has.

Explanation:

Price elasticity of demand is the result of the relation between changes in price and quantity demanded for a good or service. <em>Price elasticity of demand is calculated dividing the percentage change in quantity demanded by the percentage change in price.</em> If the result is equal to or greater than 1, the demand is elastic. This situation implies a minimum change in price will affect by far the quantity demanded of that good or service.

Thus,<em> products with many substitutes are elastic because a minimal change in their price would represent a large change in quantity demanded since consumers will find similar products that satisfy their needs in the same proportion.</em>

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Which of the following is the surest way to verify the reliability of information from a new or unknown source?
padilas [110]

Answer:

4. Corroborate the information with other sources

Explanation:

The surest way to verify the reliability of information from a new or unknown source is to corroborate the information with other sources.

This simply means that, if you got an information (data) from a new source such as newspaper, website, television, books, radio or anywhere else, you should confirm the credibility and reliability of these information by verifying from one or more sources.

Hence, if the information gotten from a new source is in tandem or accordance with what you find elsewhere, then that information is accurate, reliable and credible.

6 0
4 years ago
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The goal of the g21 plan was to bring a vehicle to market that represented a great value and had great environmental benefits. t
svet-max [94.6K]

The answer to the blank space is green marketing.

The Prius is supposed to be marketed for its great value and environmental benefits – thus making the type of marketing the company is doing a green marketing. A green marketing is defined as the process of marketing a product or service based on their environmental benefits – it could be because the product itself is environmentally-friendly (such as the Prius, which is a hybrid electric-gasoline car, which means that it won’t emit as much pollution) or because it is produced in an environmental-friendly way.

8 0
3 years ago
As the CEO of a pharmaceutical company, Simone learned that the government was about to block the import of one of the company's
Galina-37 [17]

Answer:

She is guilty of Insider trading.

Explanation:

Insider trading is an illegal practice where a person indulges in trading activities for his own benefit with the help of confidential information.

In the above case, Simone took park in insiders trading because she had rights to some confidential information. She made use of that information towards her benefit and sold her shares before time.

I hope the answer was helpful.

3 0
3 years ago
Suppose that a monopoly firm finds that its MR is $60 for the first unit sold each day, $59 for the second unit sold each day, $
Oksi-84 [34.3K]

Answer

A. MRP = Change in revenue / Change in Labor

For first worker = 60 + 59 + 58 + 57 + 56 = 290/1 = $290

Since he produces 5 units.

Second Worker = 55 + 54 + 53 + 52 = 216/1 = $174

Since he produces 4.

Similarly,

Third worker = 51 + 50 + 49 = $150

Fourth worker = 48 + 47 = $95

Fifth worker = $46

B. Now all units are charged at $50

First worker = 5*50 = $250

Second = 4*50 = $200

third = 3*50 = $150

and so on.

C. If the wage is $210 it will demand workers until the MRP decreases below 210 and that happens for worker 2 here.

Since he can produce only $200 for $210 wage, he should not be hired. Hence only one worker will be hired here

D. If the wage falls to $97 the demand for workers will increase, again for worker 4 MRP is $100 which is above $97 and worker 5 goes below.

6 0
4 years ago
Gordon Company sold 2,000 more units than budgeted of its only product. How will total fixed cost be affected
Aleks04 [339]

Answer: b. Remain constant

Explanation:

Fixed costs as the term implies, do not change depending on the units produced or sold but rather remain constant over the period. If the company sells 2,000 or 5,000 more units, the fixed costs will remain constant.

For instance, if the rent of the selling warehouse is $4,000 per month and the company stores and then sells any number of units, they will still pay $4,000 regardless.

4 0
3 years ago
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