the fully allocated cost of a product is $10. If the price elasticity of demand for the product is -2, then the firms optimal markup is 10% 100% 200% or 300.
Demand is said to be relatively elastic if a relatively small change in price is accompanied by a disproportionately large change in quantity demanded. Mathematically, demand is said to be relatively elastic if its elasticity coefficient (that is, the result of the PED formula) is greater than 1.
Elastic demand or supply is when the elasticity is greater than 1, indicating high responsiveness to price changes. Inelastic demand or supply is one with elasticity less than 1, indicating a poor response to price changes.
A product with 0 elasticity is considered completely inelastic because changes in price have no effect on demand.
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Answer:
$13,496.93
Explanation:
At the end of 2017, plan had a balance of 220,000
Life expectancy factor at the age of 71 is <u>16.3</u> as per single life Expectancy table
So, Distribution amount = $220,000 / 16.3
= 13496.93251533742
= $13,496.93
So, the amount Mark must take as a distribution from the pension plan no later than April 1, 2018 is $13,496.93
Answer:
a-Economic growth is associated with higher labor productivity growth
Explanation:
- The normative investment about the economic growth is typically present as an opinion based analysis in terms of what is thought to be desirable and economists commonly refer to as a form of positive economic and changes in the values may be partly scientific and some of the values may be shown as non-basic judgments.
- The labor productivity and economic growth ie the sustained long-run economic growth come s for the increased worker productivity that essentially means you can do more at the same time.
Answer:
D) M1 falls by $1,000, and M2 is unchanged.
Explanation:
since checking account comes under M1, a transfer would result in fail, Therefore, a transfer would result in a change in M1 but shows no effect on M2
Answer:
correct option is b) Variety of outputs
Explanation:
The production process matrix is nothing more than a tool that helps analyze the relationship between product and process. Product and process positions are placed above and below the horizontal size of the matrix on the right or left side of the competitor along the vertical dimension of the matrix. A company can use different processes to produce different products, so they are placed along the horizontal and vertical axis of the matrix.