The control zone in which response actions should be limited tot he shortest possible entry time is the hot zone?

What information must economists have to estimate the price elasticity of demand? To estimate the price elasticity of demand,

kkurt [141]

Answer:

C. the demand curve for a product.

Explanation:

Price elasticity of demand is a measure of the sensitivity of demand for a good or service to changes in the price of that product. We say that the price elasticity of demand is elastic when a percentage change in the price of this good has major impacts on demand. On the contrary, we say that the price elasticity of demand is inelastic when variations in the price of goods have little or no influence on demand.

Thus, to determine the value of elasticity, one must know what was the change in price and the change in quantity demanded. In a graph where price and quantity are the x and y axes, this can be obtained by observing changes in the demand curve points, which reflected the price change on one axis and the quantity change on another axis. Thus, it is sufficient to divide the percentage change in quantity demanded by the percentage change in price to find the price elasticity of demand.

3 0

3 years ago

Assume that a state government currently provides no child-care subsidies to working single parents, but it now wants to adopt a

sergiy2304 [10]

Answer:

The line on the graph will be parallel to the pre-subsidy line and the new constraint will then be equal to the points connecting the two lines.

Explanation:

The subsidy by government to single parents is $3 per hour for up to 8 hours. The total of subsidy will be $16 for each day. The labor force who were not receiving the subsidy before had steep indifference curve but now few workers will find utility maximization with flatter indifference curve so the workers will join the subsidy program.

6 0

3 years ago

A company's ____________ is the percentage of the total target market for the product that belongs to the company.

ikadub [295]

Answer:

B. market share

Explanation:

Market share is the percentage of consumers that a company has captured from its specific, desired market within an industry.

8 0

3 years ago

Read 2 more answers

Song, Inc., uses the high-low method to analyze cost behavior. The company observed that at 22,000 machine hours of activity, to

andriy [413]

Answer:

Variable cost per unit= $8.4

Explanation:

<u>First, we need to calculate the total cost for each level of machine hours:</u>

Low activity level:

Total cost= 22,000*33.4= $734,800

High activity level:

Total cost= 25,000*30.4= $760,000

<u>Now, we can determine the variable and fixed costs:</u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (760,000 - 734,800) / (25,000 - 22,000)

Variable cost per unit= $8.4

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 760,000 - (8.4*25,000)

Fixed costs= $550,000

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 734,800 - (8.4*22,000)

Fixed costs= $550,000

8 0

3 years ago

Prepare a trial balance by placing amounts in the appropriate debit or credit column and determining the balance of the service

Law Incorporation [45]

What should I prepare the trial balance from?

4 0

3 years ago