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3 years ago

Compared to the short run demand for oil, the demand for oil in the long run will tend to be ________ elastic.

Business

1 answer:

olga nikolaevna [1]3 years ago

4 0

Answer: Option C

Explanation: Usually the demand for the goods tends to be more elastic in long run rather than the short run. In case of oil, it is not a necessary good for the daily lives of the individuals and one can survive without it and can use alternatives.

Therefore, in the long run it is more elastic as individuals will move to the alternatives of oil if its price remains high.

Hence from the above we can conclude that the correct option is C.

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How does Campbell Soup Company’s recent business acquisitions help support its CSR strategies?

antoniya [11.8K]

Campbell Soup's recent acquisitions supports its CSR strategies by:

Striving to build a more resilient and better food system
By delivering on food that is more ethically and sustainably produced.
By the protection of the natural resources of the farms.

<h3>What is the meaning of CSR?</h3>

This means corporate social responsibility. These are the ways that businesses seek to enhance the society that they operate rather than to degrade it.

Such practices that businesses take are usually aimed at enhancing the world and impacting it positively.

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2 years ago

Ethan Manufacturing Inc. produces floor mats for automobiles. The owner, Joseph Ethan, has asked you to assist in estimating mai

Lelu [443]

Answer:

Month Maintenance Machine Equation MAPE

costs hours error (Abs.)

1 $2,750 1,840 $269 9.78%

2 $2,910 1,920 $197 6.77%

3 $3,060 2,000 $135 4.41%

4 $3,170 2,020 $47 1.48%

5 $3,250 2,050 0 0%

6 $3,220 2,030 $8 0.25%

7 $3,160 2,010 $46 1.46%

8 $3,000 1,990 $184 6.13%

9 $2,770 1,850 $260 9.39%

10 $2,370 1,250 0 0%

11 $2,380 1,450 $210 8.82%

12 $2,600 1,740 $309 11.88%

60.37%

variable cost per unit = (highest activity cost - lowest activity cost) / (highest activity units - lowest activity units) = ($3,250 - $2,370) / (2,050 - 1,250) = $880 / 800 units = $1.10 per unit

fixed cost = $3,250 – ($1.10 x 2,050) = $995

Cost model = $995 + $1.10X

2. Calculate the mean absolute percentage error (MAPE) for the cost equation you developed in requirement 1.

MAPE = 60.37% / 12 = 5.03%

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4 years ago

Ski Safety sells emergency safety and rescue products to ski patrols and rescue workers at prices that are below those of its co

Digiron [165]

Answer:

The correct answer is the option A: cost-focus.

Explanation:

To begin with, a cost-focus strategy is the name given to a type of strategy defined by Michael Porter in competitive advantage in order to establish a strategy whose main purpose is to focus on a low price regarding the prices of the competitors in a narrow market. Therefore that in this case Ski Safety is pursuing a cost-focus strategy because the company is looking forward to compete in a narrow market thanks to a low price.

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4 years ago

What are some ways that parents can help their children develop the social self esteem

Oksanka [162]

Parents could include their kids into interactive activities such as sports or social clubs.

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2 years ago

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4 years ago