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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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A company: purchased 100 units for $20 each on January 31, purchased 100 units for $30 on February 28, and sold 150 units for $4
igomit [66]

Answer:

Ending inventory as at 31 December = $1500

Explanation:

First-In-First-Out is a method of inventory valuation whereby the stock that comes in first, is used first. This is common for inventory consisting of perishables, such as vegetables where if not used/sold soon, it would be wasted.

Jan 31: Purchases = $20 x 100 units = $2000

<em><u>Remaining inventory:</u></em>

$20 x 100 units = $2000

Feb 28: Purchases = $30 x 100 units = $3000

<em><u>Remaining inventory:</u></em>

$20 x 100 units = $2000

$30 x 100 units = $3000

<em><u>Sales = 150 units x $45:</u></em>

$20 x 100 units = $2000

$30 x 50 units = $1500

<em><u>Remaining inventory</u></em>

200 - 150 = 50 units x $30 = $1500

<em>Thus,</em>

Cost of Goods Sold = $3500 ($2000 + $1500)

Ending inventory as at 31 December = $1500

3 0
3 years ago
Jay is an 21 year old college senior. He reads on a financial blog that interest rates are being lowered by the Federal Reserve.
IceJOKER [234]

Answer:

A.

Explanation:

6 0
3 years ago
Read 2 more answers
When designing a case management solution to increase agent productivity, which service cloud features should you consider first
ch4aika [34]
<span>You should consider "Case queues" and "Case assignment rules" first w</span><span>hen designing a case management solution to increase agent productivity.

In order to design a case management solution, distinguish what client undertakings are expected to achieve the principle client objective. Choose what business level assignments and steps you need, and afterward assemble those undertakings and steps into a case.
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8 0
3 years ago
The owner of Grandma's Applesauce is planning to retire after the coming year. She has to repay a loan of $50,000 plus 8 percent
Aleks04 [339]

Answer:

Option (B) $5,000

Explanation:

Data provided in the question:

Repayment of Loan = $50,000

Interest = 8%

Cash flow             Probability

$65,000                    70%

$45,000                    30%

Tax rate = 0%

Now,

Interest on loan = 8% of $50,000

= $4,000

Expected value of cash flow = ∑[cash flow × Probability ]

= ( 0.7 × $65,000 ) + ( 0.3 × $45,000 )

= $45,500 + $13,500

= $59,000

The owner's expected cash flow after debt service

= Expected value of cash flow - Interest on loan - Repayment of Loan

= $59,000 - $4,000 - $50,000

= $5,000

Hence,

Option (B) $5,000

3 0
3 years ago
The juice company is a medium-sized company producing fourdifferent flavors of juice, including two new flavorsrecently added on
abruzzese [7]

The text presents a problematic situation related to the production, profitability, and demand of a juice factory.

The text describes a problematic situation of a juice company in which it began to produce two more flavors of juice different from the traditional ones (juice A and juice B).

However, this did not produce the expected results because the expected profits were not obtained due to the fact that the production of these new juices was less and required more resources for their manufacture.

In collusion, the addition of two new flavors was somewhat disadvantageous because it did not bring the expected economic results and complicated the production of the juices that the company was already producing.

Learn more in: brainly.com/question/17096236

This question is incomplete because the text is incomplete. Here is the complete text and the question.

The juice company is a medium-sized company producing four different flavors of juice, including two new flavors recently added on the ground they were in high demand by customers who were willing to pay a premium for them.

Recently, under the pressure of shareholders about the poor financial performance, Grace Orland, manager of the juice company, has been concerned over the erosion of the recent financial results especially for the standard flavors (A and B) which used to earn a 20 percent of profit margin.

Richard Dunn, the manufacturing manager, was also excited to introduce the new flavors since they were expected to generate higher margins while using the same technology as standard flavors. However, I have noticed that the introduction of new flavors added some technical complexities to the production process. For instance, unlike Flavors A & B, which were produced in huge volume and in long production runs, difficulties started to arise with the new flavors which were produced in smaller batches but required more changeovers and more production runs (see Exhibit 3).

1. Describe the problem the company is facing.

8 0
2 years ago
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