Incisors are their Small teeth infront its to help them to tear off meat!, incisors are totally normal!
If the price of Honey Bunches of Oats cereal are reduced by 4%, then the short term effects would be:
- It would bring more customers.
The long term effects would be:
- It would force us to upscale our comparative advantage because our competition would likely reduce their prices too.
<h3>What are Short Term Effects?</h3>
This refers to the effects which can be seen in a short time period as a result of a particular action.
With this in mind, if the price of a good is reduced by 4%, then on the short term, it would bring more customers but in the longer term, there would be a need to further upscale comparative advantage to keep the customer base.
Read more about comparative advantage here:
brainly.com/question/7045530
Answer:
a. The rate of change of the price per pound with respect to the quantity of coffee sold when the price is $5 per pound.
b. pounds/dollar
Explanation:
(a) What is the meaning of the derivative f '(5)?
Given Q = f(p) .............................................. (1)
Differentiating Q with respect to p gives us:
qQ/dp = f'(p) ................................................ (2)
Equation (2) implies the rate of change of the price per pound with respect to the quantity of coffee sold.
When p = 5, we have:
qQ/dp = f'(5) ................................................ (3)
Equation (3) implies the rate of change of the price per pound with respect to the quantity of coffee sold when the price is $5 per pound.
(b) What are the units of f'(5)?
Since we have qQ/dp = f'(5) as shown in equation (3), it implies that the units of of f'(5) are pounds/dollar.