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grigory [225]
4 years ago
9

The own price elasticity of Anne’s apple pies is 5.

Business
1 answer:
spin [16.1K]4 years ago
8 0

Answer:

Option "B" is the correct answer to the following question.

Explanation:

Given:

Price elasticity of Anne’s apple pies = 5

Aggregate market price elasticity = 1.25

Anne’s apple pies have an approximate market share = ?

Computation of Anne’s apple pies have an approximate market share:

Anne’s apple pies have an approximate market share = (Aggregate market price elasticity / Price elasticity of Anne’s apple pies) × 100

Anne’s apple pies have an approximate market share = (1.25 / 5) × 100

Anne’s apple pies have an approximate market share = (0.25) × 100

Anne’s apple pies have an approximate market share = 25%

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Answer:

C. not increase proportionally with sales if the existing level of fixed assets is sufficient to support current sales.

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The current assets includes cash, stock, account receivable, etc

Fixed assets include plant & machinery, land, equipment, furniture & fittings, etc.

And, the intangible assets include patents, copyrights, goodwill, etc.  

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3 years ago
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4 years ago
The concept "efficiency" has quite different meanings for economists (money out/money in), biologists (energy out/energy in), an
Ne4ueva [31]

Answer:

That as inter-disciplinarians we must often bring out common meanings, making them applicable to different texts and contexts.

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4 years ago
Jay Harrod and 2 trainees were sent to a 2 day sales seminar. The registration fee was $165 per person. Training materials cost
sladkih [1.3K]

Answer:

$1,232

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