Answer:
they should make a google doc or slides and inform them with if
Answer:
b.The good is a necessity
Explanation:
The price elasticity of demand = percentage change in quantity demanded/ percentage change in price
3% / 12% = 0.25
When the coefficient of elasticity is less than one, demand is inelastic.
Inelastic demand means that when price increases, there is little or no change in quantity demanded.
Necessity goods are goods that are very important to consumers and thus they tend to have an inelastic demand. For example, medications.
Substitute goods are goods that can be used in place of another good because of their similarity. E.g. butter and margarine
Goods with many substitutes have an elastic demand. If price of a good increases, consumers can easily shift consumption to substitute goods.
Narrowly defined goods have an elastic demand because it is easier to find subsituites for such goods.
Demand is more elastic in the long run because consumers have more time to search for substitutes.
I hope my answer helps you
Answer:
feedback
Explanation:
Based on the information provided within the question it can be said that Marcus is providing his employees with feedback. This refers to information given to an individual regarding their performance, and is done in order to help that individual realize what they are doing wrong and how they can improve their performance. Which is exactly what Marcus is doing with his employees.
The algebraic formulation of the constraint involved in this manufacturing process is <u>c. 4x1 + 2x2 <= 100</u>.
<h3>What is a constraint?</h3>
A constraint is a condition that an optimization problem must satisfy to provide a solution.
The types of constraints are:
- Equality constraints
- Inequality constraints
- Integer constraints.
<h3>Answer Options:</h3>
a. 4x1 + 2x2 >= 100
b. 4x1-2x2 <= 100
c. 4x1 + 2x2 <= 100
d. 4x1 2x2 >= 100
Thus, the algebraic formulation of the constraint involved in this manufacturing process is <u>c. 4x1 + 2x2 <= 100</u>.
Learn more about constraints at brainly.com/question/23796291
Answer:
Decrease is taxes
Increase in government spending
Explanation:
Government policies that increases the money supply in an economy is known as expansionary fiscal policy. They are:
1. Decrease is taxes - when government reduces the tax rate, the amount paid as taxes falls and as a result individuals, companies have higher disposable income whuch can be used for consumption or saving. This increases the money supply in the economy.
2. Increase in government spending - if the government increases it's spending on public goods for example, money supply would increase. If the government constructs a road, labour would be employed and paid wages. This payment increases the income of Labour and money supply increases.
Central bank policies that increases money supply are known as expansionary monetary policies. They include:
1. Open market purchase: The central bank purchase securities from the open market to increase money supply.
2. Reduction in reserve requirement ratio : if the reserve requirement ratio is reduced , commercial banks would have more money to give out as loans and this would increase money supply.
