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faltersainse [42]
3 years ago
13

Nita is a devoted Coca-Cola consumer, whereas Becky can drink either Coca-Cola or Pepsi products. Nita’s demand for Coca-Cola wi

ll be relatively more ________, while Becky’s demand will be relatively more ________.
Business
1 answer:
mafiozo [28]3 years ago
5 0

Answer:

The answer is:

Inelastic

Elastic

Explanation:

Nita’s demand for Coca-Cola will be relatively more inelastic i.e his demand will not be sensitive to price. Increasing the price of Coca-cola will not make Nita to change its taste because he is a devoted Coca-Cola consumer.

Becky’s demand will be relatively more elastic because he has an option to choose between Pepsi and Coca-cola.

Any increase in price of Coca-cola will make Becky to shift to Pepsi.

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Which of the following is NOT a common feature of a
Lyrx [107]

Answer:

Investment trading

Explanation:

Financial institutions' core business is to sell loans. They accept deposits from customers and use those deposits to create loans to firms and individuals. Financial institutions are intermediaries of credit; they connect the demand and the suppliers of credit. Direct deposits are a way of depositing money while ATM's and debits card gives customers access to their deposits.

Investment trading is a service offered by stock exchange markets through stockbrokers and investment banks.

I

6 0
3 years ago
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations a
Finger [1]

Answer:

Tiger Furnishings

The predetermined overhead rate

= $34.30 per direct labor hour

Explanation:

a) Data and Calculations:

                                            Basic       Dominator       Total

Units produced                  950            500            1,450

Machine-hours               3,200         2,400           5,600

Direct labor-hours          2,700           1,100           3,800

Direct materials costs $9,600       $3,900       $13,500

Direct labor costs        63,700        37,700        101,400

Manufacturing overhead  costs                         130,340

Total costs                                                      $245,240

b) Computation of the Predetermined overhead rate

= Total manufacturing overhead costs divided by total direct labor hours

= $130,340/3,800

= $34.30 per direct labor hour

6 0
3 years ago
Sommer, Inc., is considering a project that will result in initial aftertax cash savings of $2.3 million at the end of the first
Anuta_ua [19.1K]

Answer:

the maximum initial cost is 25.62674095 million

Explanation:

The computation of the maximum initial cost of the company is shown below:

But before that the discount rate is

= 0.6 ÷ 1.6 × 4.6% + 1 ÷ 1.6 × 10% + 3%

= 10.9750%

Now Maximum initial cost is

=2.3 ÷ (10.975% - 2%)

= 25.62674095 million

Hence, the maximum initial cost is 25.62674095 million

6 0
3 years ago
- How would demand have to change for a price change to be unitary elastic?​
marusya05 [52]

Answer:

The percentage change in quantity demanded is exactly equal to the percentage change in price. The percentage change in quantity demanded is exactly equal to the percentage change in price.

8 0
3 years ago
Garcia Company has 10,500 units of its product that were produced last year at a total cost of $157,500. The units were damaged
Helen [10]
157,500-10,500x6 calculate that up
4 0
3 years ago
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