Answer:
0.69
Explanation:
Given that we have the formula for calculating income elasticity of demand as the percent change in quantity demanded divided by the percent change in income, hence, we have the percent change in quantity demanded => 13 - 12 = 1 ÷ 12 = 0.083
the percent change in income => 280 - 250 = 30 ÷ 250 = 0.12
Therefore we have => 0.083 ÷ 0.12 = 0.69
Hence, the final answer is 0.69
Resource management effectively develops and uses the resources of the organization. Credentialing recognizes and confirms the personnel.
<h3>What is credentialing?</h3>
Credentialing is a process that involves the documentation of the individual of the organization or the corporation so that the true and fair authentication and qualification of the person associated are ensured.
It is an essential function of the management that confirms the skills and requirements of the person that will be an asset to the organization. The qualifications of the person required will be established and can be approved.
Therefore, credentialing is used to determine and affirm.
Learn more about credentialing here:
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All of them. Trust me :)) I read that whole chapter in that first section
Answer:
Crossover point: 1,000 pounds
at 500 pounds of production Machine A generates less cost for Kirstin
Explanation:
We need to solve for the quantity at which Kirstin is indiferent about which machine to purchase as both have the same cost:
Machine A: 1Q + 300
Machine B: 0.3Q + 1,000
1Q + 300 = 0.3Q + 1,000
(1-0.3)Q = 1,000 - 300
0.70Q = 700
q = 700/0.7 = 1,000
<u>at 500 pounds;</u>
<em>Machine A:</em> $ 1.00 (500) + $300 = $ 800
Machine B: $ 0.30 (500) + 1,000 = $ 1,150
Machien A is better.
