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Liula [17]
3 years ago
7

When a one percent change in price results in a one percent change in quantity demanded in

Business
1 answer:
AURORKA [14]3 years ago
7 0

Answer:

B) unitary elastic.

Explanation:

Elastic demand describes how sensitive the demand for a product is to changes in prices. A good or service whose demand changes as a result of a change in price is said to be price elastic. When a product does not react to price changes, it is said to be price inelastic.

Unitary elastic demand is when a change in price results in a propositional change in demand in the opposite direction. A percentage change in price causes a similar percentage change in demand. An increase in price leads to a decrease in demand by the same degree, while a reduction in price will result in a proportionate increase in demand.

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TP4.
galben [10]

Answer and explanation:

With unique products, job order costing is used, and journal entry process costing is used for standardized goods. While job costing is implemented for short terms of production, the journal entry is used for large production terms. Journal entries aggregates costs, and therefore less record keeping is needed.

6 0
4 years ago
The Boeing Company buys $3 million worth of steel, $2.5 million worth of computer hardware and software, and $1 million worth of
astraxan [27]

Answer:

The value added by Boeing is equal to:A)$3.5

Explanation:

Value added is the difference between the price of product or service and the cost of producing it.

Steel           3,0M

Computer    2,5M

Tools            1,0M

  Value Add 3,5M

Boeing          10 M  

3 0
3 years ago
Donna Paugh, a telecommunications manager, must be knowledgeable about computer operating systems, telephone networks, satellite
Fittoniya [83]

Answer:

The answer is: Technical skills

Explanation:

Managers need to posses of develop all sorts of skills, although depending on their Business Unit, they might need some more than others. Managerial skills are usually divided into 3 categories:

  1. Technical Skills : skills that provide the ability and knowledge to use a variety of techniques to achieve their objectives (i.e. operating machines and software, tools, equipment, product design, marketing, sales strategies, etc.).  
  2. Conceptual Skills : skills that provide the ability and knowledge for abstract thinking and formulating ideas (i.e. diagnose problems, elaborate creative solutions, etc.)
  3. Human or Interpersonal Skills : interpersonal skills related to the manager´s ability to interact, work or relate effectively with people.

In Donna´s case, she will probably need to use mostly technical skills since her job is very specific and technical (telecommunications, computer systems, electrical engineering, satellite communications, etc). She will also need to have or develop conceptual or interpersonal skills, but not as much as a marketing or HR manager.

6 0
4 years ago
- A negative monthly balance indicates that:
GrogVix [38]

Answer:

Someone owes you money

Explanation:

negative balance simply means that your card issuer owes you money,

7 0
3 years ago
Assume that the banking system has total reserves of $100 billion. Assume also that required reserves are 10 percent of checking
ivolga24 [154]

Answer:

The money multiplier and money supply for this banking system is 10 and $1,000 billion respectively

Explanation:

The computation of the money multiplier and the money supply is shown below:

As we know that

Money multiplier is

= 1 ÷ required reserve ratio

= 1 ÷ 0.10

= 10

So, the money supply is

= Total Reserves × Money Multiplier

= $100 billion × 10

= $1,000 billion

hence, the money multiplier and money supply for this banking system is 10 and $1,000 billion respectively

5 0
3 years ago
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