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ivann1987 [24]
3 years ago
13

In July 2008, the average price of gasoline in the United States was $4.09 per gallon and consumers bought 6 percent less gasoli

ne than they had during July 2007, when the average price was $2.96 per gallon. Based on these numbers, what was the price elasticity of demand for gasoline from July 2007 to July 2008?
Business
1 answer:
Basile [38]3 years ago
6 0

Answer:

PED= 0.1571

Explanation:

The price elasticity of demand (PED) indicates how the quantity demanded change when the price changes. Is defined by this equation:  

Price Elasticity of Demand = Percentage change in Q/ Percentage change in P  

In this case, the problem is giving percentage changes in Q but we must calculate the percentage change in price:

%Change in price = ( p2-p1/p1)*100= ($4.09-$2.96)/$2.96= 0.3817*100=38.17%

%Change in quantity is= -6%

PED= -6%/38.17%

In absolute value:

PED= 0.1571

If the PED is less than 1 then gasoline is considered as inelastic.

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Human resources planning relevant to organizational productivity ​
IgorC [24]

Answer:

Human resources planning is relevant to organizational productivity because it allows a company to maintain and better target the right talent for longevity. It also enables managers to better train and develop the skills needed in the workforce.

Explanation:

Human Resource planning is the foundation of a company's workforce talent. Employees are what make or break a company.

5 0
2 years ago
In November, two months before year-end, the bookkeeper erroneously recorded the receipt of a one year bank loan with a debit to
OleMash [197]

In November, two months before year-end, the bookkeeper erroneously recorded the receipt of a one-year bank loan with a debit to cash and a credit to interest revenue. The most effective method for detecting this type of error is to Send a bank confirmation as of year-end.

A business may additionally have sales in a given time period that includes invoices they have got sent out to customers, in addition to coins bills that have been made at the time of a buy. All of these incomes are included as revenue during that term.

Sales are described as the profits generated through a commercial enterprise' number one operations. Its miles are often known as the “pinnacle line” and are proven at the top of an earnings announcement. internet income is an accounting time period that refers to the entire revenue minus the entire costs for any given length.

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7 0
1 year ago
Before beginning to compose a successful business message, you need to collect necessary information by conducting informal or f
dybincka [34]

The questions should I  ask myself in order to avoid frustration and inaccurate messages are :

  • How should the receiver respond?
  • How should the receiver respond?
  • What details regarding this subject should the receiver be aware of?
<h2>How can I develop a company message that is effective?</h2>

You must first gather the relevant data by completing either formal or informal research before you can start to write a good business message. Frequently, the data you gather while conducting research aids in the development of your message.

<h2>Which of the following best sums up a message with a long-term impact?</h2>

A message that is highly complicated and has a long-term impact should be delivered verbally." Identify whether the claim is accurate or not. Despite the possibility that audiences will accept imprecise, vague, or conflicting business communications.

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5 0
2 years ago
Dominic is going to invest in an account paying an interest rate of 4.6% compounded continuously. How much would Dominic need to
insens350 [35]

Answer: $66,740.82

Explanation:

Formula to find the accumulated amount if compounded continuously :

A=Pe^{rt}, where P= principal invest

t = time

r= rate of interest.

Given : A= $84,000 , r= 4.6% = 0.046 ,  t=5 years

84000=P e^{0.046\times5}\\\\\Rightarrow\ 84000=P (1.2586)\\\\\Rightarrow\ P=\dfrac{84000}{1.2586}\approx66740.82

Hence, the amount need to invest = $66,740.82

7 0
3 years ago
Read 2 more answers
You’ve been asked to create four bridesmaids’ bouquets for an upcoming fall wedding. The wedding will be held outdoors on a farm
Softa [21]
I'd say it's Letter D - <span>Sunflowers, gerbera, asters, chrysanthemums, and statice.

The choices listed in letter B bloom in early spring, letter A bloom in summer, and letter C are exotic in kind that doesn't bloom in the area that you described. So </span>Sunflowers, gerbera, asters, chrysanthemums, and statice<span> are a safer choice.</span>
7 0
3 years ago
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