A buildup approach is used by Howard to find out how much fiberglass insulation to use in building homes
<h3>What is a
buildup approach?</h3>
This refers to the method of calculating an market's revenue potential by recognizing the number of probable purchasers in the market and ther purchaser's requirements as well.
Hence, this same approach is used by Howard to find out how much fiberglass insulation to use in building homes.
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Answer: When viewed and analyzed together, economic indicators and market indexes can provide a clear picture of economic growth.
Explanation:
Edg.
Answer:
in folklore, a narrative containing information about actual persons and events. Originating from the tales of eyewitnesses, the traditional account departs from its original factual basis when retold and becomes subject to free poetic interpretation.
$3.20
Take the total sales divided by total customers.
Sales of hotdogs 40* $2 = $80
of grilled cheese 10* $5 = $50
of cheeseburgers 5 * $6 = $30
Total sales $160/50 customer = $3.20/per customer
Answer:
price increases and Ed equals -2.47
Explanation:
Elasticity of demand measures the responsiveness of quantity demanded to changes in price.
Demand is inelastic if a change in price has little or no effect on quantity demanded. The absolute value of the coefficient for inelastic demand is less than 1.
If price increases and demand is inelastic, total revenue would increase because there would-be little or no change in quantity demanded as a result of the price increase.
Demand is elastic if a small change in price has a greater effect on the quantity demanded.
The absolute value of the coefficient for elastic demand is greater than 1.
If demand is elastic and price is increased, revenue would fall because of the decease in quantity demanded.
If demand is elastic and price is deceased, revenue would rise because of the increase in Quanitity demanded as a result of the fall in price.
Demand is unit elastic if a change in price has the same proportional effect on quantity demanded. The absolute value of the coefficient for unit elastic demand is one.
I hope my answer helps you
