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Zarrin [17]
3 years ago
6

The price elasticity of demand for widgets is 0.80. Assuming no change in the demand curve for widgets, a 16 percent increase in

sales implies a:______ A. 1 percent reduction in price. B. 12 percent reduction in price. C. 40 percent reduction in price. D. 20 percent reduction in price.
Business
1 answer:
Sever21 [200]3 years ago
3 0

Answer:

D) 20 percent reduction in price.

Explanation:

price elasticity of demand (PED) is defined as how much does the quantity demanded of a product or service change for every percent that its price changes.

in this case, the PED of widgets is 0.80, so if the quantity demanded increased by 16%, the price should have decreased by 16% / 0.80 = 20%

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Which of the following is a situational characteristics that influences the choice of leadership style for a supervisor?
pav-90 [236]

Answer:

The correct answer is letter "D": Interest in solving a problem.

Explanation:

Situational leadership is exercised by managers when they need to adapt their method of working to the current situation their companies are facing. The key point is to get to the solution of the problem. Thus, the leader does not wait for the subordinates to adapt to his or her leadership style but is the leader who proactively takes a step towards a change.

3 0
4 years ago
Which of the following statements regarding the staffing budget is true? a.The staffing budget is based on the desired profit le
Valentin [98]

Answer:

b.The staffing budget is based on a fixed human resources budget

Explanation:

  • The staffing budget is the budget that outlines a money plan to be spent on the employees and consists of the largest investment to the organization.
  • It acts as an outline plan for the service companies each staff member corresponds to the salary for the employee in the spreadsheet on a weekly, monthly, and yearly basis.
8 0
3 years ago
Hunter Manufacturing Inc.'s December 31, 2009 balance sheet showed total common equity of $2,050,000 and 100,000 shares of stock
azamat

Answer:

$22

Explanation:

Total common equity = $2,050,000

Net income = $250,000

Dividends = $100,000

Stock outstanding = 100,000 shares

Book value per share:

= (Beginning common equity + Net income - Dividend) ÷ Number of shares

= ($2,050,000 + $250,000 - $100,000) ÷ 100,000

= $2,200,000 ÷ 100,000

= $22

Hence, the ending book value per share is $22.

4 0
4 years ago
Schnucks Supermarket promotes products like milk, eggs and other daily essentials at very low prices in order to attract consume
Veseljchak [2.6K]

Answer:

C. Build consumer traffic

Explanation:

By lowering the prices of daily essentials like milk and eggs Schnucks Supermarkets is building consumer traffic in their stores. The lower prices will tend to attracts more and more consumers because of that demand principle of the lower the prices the higher the demand. When the consumers increases what the supermarket achieves is a bigger consumer traffic in their store.

7 0
3 years ago
Find the future value of a five-year $113,000 investment that pays 10.00 percent and that has the following compounding periods:
Sati [7]

Answer: Future Value FV = 169,500

Explanation:

The information given to us are;

Present value PV = 113000

Interest R = 10% = 0.01

number of years T = 5

Future value FV = ?

So using the formula

FV = PV * [1 + (R * T)],

We input our value

FV = 113000 * [ 1 + ( 0.1 * 5) ]

FV = 113000 * [ 1 + 0.5]

FV = 113000 * 1.5

FV = 169500

3 0
3 years ago
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