Answer:
PeD = 0
Explanation:
Price elasticity of demand is the responsiveness of quantity demanded when there is a change in price. An elastic demand means that when price changes the quantity demanded changes by more than the proportionate change in price. measured as
Ped = % change in Quantity demanded / % Change in Price
An elasticity value of between 0 and 1 is regarded as inelastic demand as quantity changes by less than the proportionate change in price.
Value of 1 is considered unitary elastic as an equal proportionate change occurs.
Greater than 1 is elastic demand where the change is more than proportionate.
When there is absolutely no change the demand is perfectly inelastic and the demand curve is vertical. This yields a value of 0 as there is no observed change in quantity demanded given a change in price.
Hope that helps.
Answer:
Unit product cost is equal to $66
Explanation:
It is given that direct material cost = $14
Direct labor cost = $44
Variable manufacturing overhead = $8
We have to find the unit product cost
Unit product cost is the sum of material cost labor cost and manufactoring overhead
Therefore unit product cost = $14+$8+$44= $66
So unit product cost is equal to $66
The level of social ecology model that the health behavior
is operating is in the societal level in which this is responsible of affecting
or influencing people in the economy, the social policies of which the
companies is considered to be a part of.
Answer:
These are the options for the question
A. Customer Profitability Estimation
B. Consumer Worth Evaluation
C. Customer Lifetime Value
D. breakeven point
E. cost per order
And this is the correct answer:
C. Customer Lifetime Value
Explanation:
Customer Lifetime Value is the assessment of the value that a particular customer will add, or give to a company, during his or her lifetime.
Tyche Inc. is focusing on customer lifetime value because its business strategy consists in catering to loyal customers who are likely to spend money on the company during an important percentage of their lifetimes.
