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svp [43]
3 years ago
12

What effect do rising input costs have on the price of a good.

Business
1 answer:
Genrish500 [490]3 years ago
4 0

Answer:

Explanation:

Inputs are the factors required for production to take place. They may include labor and raw materials. In economics, inputs are the four factors of production that include land, labor, entrepreneurship, and capital.

The final cost of a product is dependent on the costs of production. The cost of production is an aggregation of the cost of each input used in the production. For a company to stay in operation, it must meet all its production costs. These costs are spread to each unit produced.  A high production cost will result in an expensive product. Should the cost of any of the input increase, then the overall cost of the products will rise.

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Responsible for ensuring the policies and procedures are implemented across the organization and acting as a liaison between the MIS department and the business?

The correct answer is Data Steward

<h3>Why is MIS becoming so important to businesses?</h3>

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How walmart motivate thier employees?
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3 years ago
Loretta Bolero wants to run for office but cannot devote more than two years to the job. What office do you suggest that Loretta
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When Heavenly Cookies prices its sugar cookies at $1.00, they sell 75 cookies. They lowered the price to $0.50 and sold 200 cook
Serga [27]

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Explanation: total revenue is computed as Price * Quantity

$0.5 * 200= $100

Elasticity is the degree of responsiveness of quantity demanded to a change in price.

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New price $0.5

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Formula- % change in quantity demanded / % change in pride

NB change is (old-new)

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Change in price=(1-0.5)/1=0.5

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Answer:

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