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qaws [65]
3 years ago
8

A steel mill raises the price of steel by 7% which results in a 20% reduction in the quantity of steel demanded. The demand curv

e facing the firm is ?
Business
1 answer:
Nana76 [90]3 years ago
8 0

Answer:

Elastic demand

Explanation:

The price elasticity of demand is described as the sensitivity of demand to changes in its price. A product is price elastic when a small change in prices causes a significant change in quantity demanded. If a small change in price results in minimal impact in quantity demanded, the product is price inelastic.

Steel mill raised its prices by 7 percent. As a result, the demand declined by 20 percent. The demand decreased by a bigger rate than the change in price. It means a small change in price causes the demand to change significantly. Therefore, the demand curve is price elastic.

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What should designers gain from a critique that will enable them to improve their work?
Brilliant_brown [7]

Answer:

A designer gains a list of actionable items to improve the design from the critique.

Explanation:

As we know that critique in a positive manner blows up the positivity. Through that, the designers improve their designs according to the fashion and the requirement of consumers. Consumers most probably like to induce new fashion in accordance with the time. During the critique, actionable products are used to improve the product and improve their work.

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8 0
1 year ago
When it is time for Margaret to provide performance appraisals, she organizes her subordinates in a list from best employee to w
Kisachek [45]

Answer:

Ranking method

Explanation:

Ranking method for performance appraisal is the oldest, and it involves the use of rankings in evaluating the performance of employees. Employees are usually organized depending on their worth; they are ranked in different categories from the highest performance to the lowest performance or from the best employee to the worst employee. This type of method compares between employees.

7 0
3 years ago
Firm A has a 21 percent marginal tax rate, and Firm Z has a 28 percent marginal tax rate. Firm A owns a controlling interest in
Aliun [14]

Answer:

a. $7,505

b.$6,840

Explanation:

a. Computation for the after-tax cost of the expense assuming that Firm A incurs the expense

Using this formula

After-tax cost = Deductible Expense - (Firm A Marginal tax rate* Deductible Expense)

Let plug in the formula

After-tax cost = ($9,500 - ($21%*9500)

After-tax cost = ($9,500 - $1,995)

After-tax cost=$7,505

Therefore the after-tax cost of the expense assuming that Firm A incurs the expense is $7,505

B. Computation for the after-tax cost of the expense assuming that Firm Z incurs the expense

Using this formula

After-tax cost = Deductible Expense - (Firm Z Marginal tax rate*Deductible Expense)

Let plug in the formula

After-tax cost =$9,500 -(28%*$9500)

After-tax cost =($9,500 - $2,660 )

After-tax cost=$6,840

Therefore the after-tax cost of the expense assuming that Firm Z incurs the expense is $6,840

3 0
2 years ago
What methods can be used to predict demand for healthcare
kaheart [24]

The methods used to predict demand for healthcare are:

  • percent adjustment,
  • 12-month moving average,
  • trendline
  • seasonalized forecast. This is further explained below.

<h3>What is healthcare?</h3>

Generally, the administration of organized medical treatment to individuals or to a community of patients.

In conclusion, there are many other quantitative approaches for predicting, but the four most prevalent methods are the seasonalized forecast, the trendline forecast, the percent adjustment prediction, and the moving average of the last 12 months. The organization's recent historical need served as the foundation for each of these four approaches.

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8 0
1 year ago
Which term is defined as a loan given to students to help pay for education-related expenses?
andrew11 [14]

C. Student Loan

A scholarship is a discount, work study is a job that helps pay for your tuition, and financial aid is something that helps pay for your tuition. So student loan is really the only one that makes sense.

6 0
3 years ago
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