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11111nata11111 [884]
3 years ago
7

When quanity demanded is completely responsive to price, what is the value of price

Business
1 answer:
Bogdan [553]3 years ago
7 0

Answer:

The value of price will be exactly what demand is willing to pay, without possibility of change.

Explanation:

We call that a perfectly elastic demand. When we have that kind of price elasticity, any change in price upwards will affect the demand, making it fall to almost zero. On the opposite, if we have a change in price downwards, the demand will not increase. Bread, books, and pencils are good examples of that.

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Perdue found that one of its chicken products may have been contaminated with bacteria, so it pulled it off the shelves and inst
aleksandr82 [10.1K]

Answer:

1. Product

Explanation:

Perdue finding out that one of its chicken products may have been contaminated with bacteria, pulled it off the shelves and instituted a recall.

Hence, this potential ethical issue is associated with product marketing mix because Perdue was very much concerned about the quality level, safety and reliability of his chicken products. This simply means, Perdue is much more interested in producing and selling highly uncontaminated products to it's customers.

A product marketing mix is focused mainly on the products, reason Perdue pulled the chicken products off the shelves and instituted a recall.

This would help to boost confidence among their customers to use more of their products in the future and by extension their market share.

7 0
3 years ago
Which theorist argues that members of a class are grouped by their value in the commercial marketplace?
Trava [24]
The theorist that is referred above is MAX WEBER. He is the theorist who asserts that class members should be grouped according to their value in the marketplace. Max Weber is a well-known German sociologist, and a prominent figure in sociology. 
4 0
3 years ago
Alpha Products maintains a capital structure of 40 percent debt and 60 percent common equity. To finance its capital budget for
ad-work [718]

Answer:

its weighted cost of capital for the coming year is 9.64%

Explanation:

WACC is the minimum return expected from a project. It shows the risk of the company.

<u>Calculation of WACC.</u>

Capital Source              Weight            Cost               Total

Debt                                  40%            6.60%             2.64%

Common Equity               60%             11.67%            7.00%

Total                                100%                                    9.64%

Cost of Debt = Market Interest Rate × ( 1 - tax rate)

                     = 11%×(1-0.40)

                     = 6.60%

Cost of Equity = (Next year`s dividend/Current Market Price of a share)+Expected growth rate

                       = ($1.40/$30)+0.07

                       = 11.67%

8 0
3 years ago
What are the four challenges associated with telecommuting mentioned in the article​
OlgaM077 [116]

Answer:

It decreases the interaction of humans. It also blurs work and personal life. It also create difficulties in demonstrating workload. It enables technology to get in the way.

Explanation:

Generally, the applications of telecommunication and devices are accompanied by both positive and negative effects. It makes communication easy and transfer of information efficient. There are also negative effects of the use of telecommunication as outlined in the answer section above.

8 0
3 years ago
Read 2 more answers
Which is not a determinant of demand?
barxatty [35]

B is the correct answer

Hope this helps

6 0
3 years ago
Read 2 more answers
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