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Leto [7]
3 years ago
6

During last year the price of regular unleaded gasoline in Oakland, California increased 10 percent. If the price elasticity of

demand for gasoline was 2, the price hike means that the quantity demanded decreased by A. 2 percent. B. 10 percent. C. 1 percent. D. 20 percent.
Business
1 answer:
viktelen [127]3 years ago
5 0

Answer:

D. 20 percent.

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

2 = percentage change in quantity demanded / 10%

Percentage change in quantity demanded = 20%

I hope my answer helps you

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Moates Corporation has provided the following data concerning an investment project that it is considering:
Vlad1618 [11]

Answer:

$144,128

Explanation:

The net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator:

Cash flow in year 0 = $-250,000

Cash flow each year from year 1 to 4 = $119,000

I = 8%

NPV = $144,143

To find the NPV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

5 0
3 years ago
The owner of the business where you work has asked for your advice on restructuring the organization. You know that customer ser
ehidna [41]

Answer:

Flatter structures are appropriate for organizations that empower employees to solve customer problems.

Explanation:

These are the options for the question below;

✓A taller structure will improve the speed at which decisions are implemented.

✓Flatter structures are appropriate for organizations that empower employees to solve customer problems.

✓With a tall structure, supervisors can avoid hearing about customer complaints.

✓A flatter structure will further centralize decision making.

From the question, we are informed about an instance, where The owner of the business where i work has asked for your advice on restructuring the organization. Since I know that customer service is the cornerstone of the company. In this case I will recommend Flatter structures which is the best structure for organization that give empowerment to their employees in order to be able to solve problems associated with customers.

Flatter structure in an organization can be regarded as a structure that posses limited level of management or no level existing between the staff employee and the management of the organization. Flatter structure gives little supervision to the employees though it brings in their involvement when it comes to decision making

.

4 0
2 years ago
The LIFO inventory method assumes that the cost of the latest units purchased are:
Scilla [17]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

The LIFO inventory method assumes that the cost of the latest units purchased are:

<u>Under the Last-in, First-out method the first units on inventory are the ones left to ending inventory. On the contrary, the last units are the first ones to go to the cost of goods sold. </u>

a. the last to be allocated to the cost of goods sold. False, this is under the FIFO method.

b. the first to be allocated to ending inventory. False, this is under the FIFO method.

c. the first to be allocated to the cost of goods sold. True.

d. not allocated to cost of goods sold or ending inventory. False, they are allocated to cost of goods sold.

4 0
3 years ago
Which of the following are reasons that the aggregate demand curve slopes downward? Check all that apply. As the price level ris
Sidana [21]

Answer:

As the price level rises, imports become relatively cheaper than domestically produced goods.

Explanation:

The aggregate demand curve is a graph showing  the total quantity of all goods and services demanded by an economy at different price levels.

As price level increases,  the cost of domestic goods increases and imports become cheaper. As a result, the demand for domestic goods falls as price level falls and the demand for imported goods increases.

4 0
3 years ago
Expenditure by business on capital goods is known as what
AURORKA [14]
Answer:

Investment Spending or Capital Expenditure.

Explanation:

Capital Expenditure or Investment Spending mainly deals with business expenditure on capital goods or factor/inputs of production which are used in the production process.
7 0
2 years ago
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