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azamat
3 years ago
8

If buyers today become more willing and able than before to purchase larger quantities of stand up paddle boards (SUPs) at each

price of SUPs, then
Business
1 answer:
In-s [12.5K]3 years ago
4 0

Answer:

This simply implies an increase in the demand of Stand Up Paddle boards at each price of SUPs and an increase in the demand would mean a rightward shift in the demand curve for stand up paddle boards. Usually a rightward shift in the demand curve is caused by a couple of factors such as a increase is income, a fall in price of a complement product, or increase in the price of another product that can be used as a substitute.  

Explanation:

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Exhibit 5-2 price and quantity demanded data price quantity demanded 5 20 4 25 3 30 2 35 1 40 using exhibit 5-2, what is the pri
Yuki888 [10]

Answer:

The price elasticity of demand is -5

Explanation:

Elasticity of demand measure the responsiveness of demand against the change in price of the product. It shows how much demand changes if there is the change in price.

Using mid point method

Change in Demand = $20 - $25

Change in Demand = -$5

Change in price  = $5 - $4

Change in price  = $1

As we know

Elasticity of Demand = Change in demand / Change in price

Elasticity of Demand = -$5 / $1

Elasticity of Demand = -5

4 0
3 years ago
Read 2 more answers
In data mining, finding an affinity of two products to be commonly together in a shopping cart is known as:
adoni [48]

In data mining, finding an affinity of two products to be commonly together in a shopping cart is known as:

  • Association rule mining

<h3>What is Association Rule Mining?</h3>

This refers to the machine based learning method which aims to find similarities between variables in large databases.

With this in mind, we can see that when the affinity of two common products is used such as a shopping cart, in data mining, this is known as the association rule mining.

Read more about data mining here:

brainly.com/question/13954653

5 0
2 years ago
A manufacturing plant is trying to determine standard production per day for an incentive program. Suppose that the incentive pr
raketka [301]

Answer:

He would receive $15 under incentive plan.

Explanation:

The given values are:

Average observed time

= 280 seconds per unit

Performance rating

= 105%

i.e.,

= 1.05

Allowance factor

= 13%

i.e.,

= 0.13

So,

⇒  Standard \ time = \frac{(Average \ observed \ time\times Performance \ rating)}{1-Allowance \ factor}

On putting the estimated values, we get

                             =\frac{(280\times 1.05)}{(1-0.13)}

                             =\frac{294}{0.87}

                             = 337.93 \ seconds

The available time will be:

= (8 \ hours\times 60 \ min/hr\times 60 \ sec/min)

= 28800  \ seconds

Now,

The Standard production per day will be:

= \frac{Available \ time}{Standard \ time}

= \frac{28800}{337.93}

= 85.22 \ units

Since he generates 100 units, he consumes about 15(00-85,22) units per day well above normal production.  

So that he's going to get:

= 15\times 1

= 15 ($)

8 0
3 years ago
After visiting several automobile dealerships, Richard selects the used car he wants. He likes its $11,500 price, but financing
aksik [14]

Explanation:

I = Prt

I = (10000)(.11)(4) = $4400

Total Cost = Down Payment + Principal Borrowed + Interest

Total Cost = 2000 + 8000 + 4400

= $14,400

Monthly Payment = (Principal Borrowed + Total interest) / Total number of payments

Monthly Payment = (10,000 + 4400) / 48

= $300

APR= (2 × n × I) / [P × (N + 1)]

APR = (2 × 12 × 4400) / [10,000 × (48+1)]

= 21.55%

3 0
3 years ago
Can y’all help me figure this out. I ordered something off amazon and the order has been placed but then my account got locked a
Komok [63]

Answer: ez pz it says it there. "All new items will be put on hold or canceled". If it hasn't shipped yet, it will not be shipped. So you should get your money back. But or maybe you won't because your account got locked, and according to their terms and service, you will not get your money back if you did something wrong, illegal, or suspicious. And unless you didn't do anything wrong, your account got locked for that and you will not be getting your money back. If you didn't do anything wrong, try contacting Amazon support and they will help you get your account unlocked. They could also help you get it shipped/and/or get your money back.

Explanation: everything

stay safe

6 0
3 years ago
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