1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zubka84 [21]
3 years ago
6

If the demand curve for a new brand of golf balls has the following two points on it, P1 = $15, Q1 = 1,200 and P2 = $25, Q2 = 80

0, which of the following statements is correct?
l) The price elasticity of demand is .8
ll) The price elasticity of demand is 2.0
lll) The price elasticity of demand is -1.5
lV) The demand is inelastic
V) The demand is elastic
A) Only III and IV are correct.
B) Only II and V are correct.
C) Only II is correct.
D) Only III and V are correct.
e) Only I and IV are correct.
Business
1 answer:
liq [111]3 years ago
5 0

Answer:

b only ll and V are correct.

You might be interested in
During regular operating hours, passengers of Fly-Hi airlines arrival at the airport at the average rate of 190 per hour (Poisso
GenaCL600 [577]

Answer:

The minimum number of staffs that could be hired is 4

The optimal number of stuff is 6 and  The total cost per hour is $114.14

Explanation:

Average arrival rate, λ = 190 per hour

Average service rate, μ = 1 in 1 minute = 60 per hour

The minimum number of servers required for a stable queuing system

= λ/μ

= 190/60

= 3.167

Therefore, The minimum number of staffs that could be hired is 4.

s             P0               Lq              Server cost per hour = s*18

4            0.029         2.210                      72  

5            0.039  0.483                      90

6            0.041          0.137                       108  

Waiting cost per hour = Lq*45   Total cost per hour

              99.44                                            171.44

              21.72                                      111.72

               6.14                                               114.14

The total cost is optimal for s = 6.

Therefore, The optimal number of stuff is 6 and  The total cost per hour is $114.14

4 0
4 years ago
You and your best friend have decided to start a small coffee shop together while in college. Though you have been friends since
Sedbober [7]

Answer: It is important to establish limits through the partnership agreement, because by trust there could be disagreements in the future, some ideas for this agreement are the following:

I. The dividends resulting from the coffee shop profits must be distributed equally and will correspond to the amount resulting from discounting sales less costs and expenses.

II. Personal loans will not be allowed to the owners with the money taken from the coffee shop box.

III. It will not be allowed to consume the products of the coffee shop without paying what corresponds.

IV. Both owners will have the same rights to perform the duties of a manager.

3 0
3 years ago
A(n) ____ strategy requires little initial investment, is heavily regulated, and provides little opportunity to modify products
Leni [432]

<span>The answer to this question is importing/exporting strategy. Importing is when a product is being brought into the country because they lack of these products or services. While in exporting, this is when a business is increasing its market by supplying its products and services to a different country.</span>

6 0
3 years ago
Saar Associates sells two licenses to Kim &amp; Company on September 1, 2021. First, in exchange for $100,000, Saar provides Kim
Vladimir79 [104]

$110,000 revenue will Saar recognise in 2021 under this arrangement

Solution:

First, in exchange for $100,000

Second, in exchange for $90,000

Saar provides Kim with a three-year right to market Kim's financial advisory services under the name of Saar Associates , Whereas to calculate the revenue :  \frac{4}{36} = \frac{1}{9} ( 90,000)

So , 100,000 + 10,000 = 110,000

6 0
3 years ago
Kevin purchased a lawn mower. The blades were so dull that the mower could not cut the grass in his backyard. Due to the existen
tamaranim1 [39]

Answer:

implied

Explanation:

Warranty is an assurance that a product will do the work for which it was intended and be of the same quality and grade like others of its class received by a buyer of a product from the seller whether expressly stated or not . This follows that where the product is discovered to be substandard or defective, the seller will either repair or replace the product in line with the terms and conditions of sales.

Implied Warranty is a quality assurance statement given by a buyer to a seller that is neither oral nor written but generally understood by law to be associated with products and services of that industry

7 0
3 years ago
Other questions:
  • When there are many people seeking the same job, this is known as a _____ of workers.
    15·2 answers
  • Create a list of five action verbs you might use on a job application to describe skills and/or work history.
    7·1 answer
  • There are several ways to file pending insurance claims. what is the best way to file so that timely follow-up can be made?
    10·1 answer
  • Walter Utilities is a dividend-paying company and is expected to pay an annual dividend of $2.05 at the end of the year. Its div
    8·1 answer
  • Where is a good place for highschool​
    5·1 answer
  • Q2. Clare works at the front desk of DESB. Between 10:30am and 11:00am, 10 students stop by to ask questions on average. It usua
    8·1 answer
  • A court will disregard the corporate form and ________ the corporate _________ in five circumstances: first, if a party is _____
    11·1 answer
  • Jonah and Elias are participants in a research study. One task involves reading an ambiguous story, which participants can inter
    13·1 answer
  • _______ structures arrange people with diverse occupational specialties into formal groups based on similar products, clients, o
    7·1 answer
  • when the fed buys government bonds, group of answer choices the money supply decreases and the federal funds rate decreases. the
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!