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Sauron [17]
4 years ago
7

Abby has a weekly budget of $75 to spend on fruit and vegetables. She decides to buy 2 pounds of organic fruit at a cost of $7.5

0/lb. She spends the rest on 6 pounds of organic vegetables. What is the price she pays for each pound of vegetable, given her budget constraint
Business
2 answers:
Gre4nikov [31]4 years ago
7 0

Answer:

m=$10

Explanation:

money spent on organic fruit=2×$7.5= $15.0

money left=$75-$15=$60

she bought 6 lbs of organic vegetables,

.: money spent on each lb of vegetable × 6 = $60

m × 6 = $60

m = $60/6

m= $10

noname [10]4 years ago
6 0

Answer: ₦10/lb

Explanation: Total budget for the week is $75

If she spends $7.50/lb on two pounds of organic fruits, then $7.50 multiplied by the number of pounds gives total spent on organic fruits:

$7.50 x 2 = $15

Amount left after buying organic fruits is given by Total budget minus cost of organic fruits bought:

$75 - $15 = $60

If 6 pounds of vegetable was bought, then dividing the left over amount by number of pounds gives cost of vegetable per pound:

$60 / 6lb = $10/lb

That is the price at which she buys for each pound of vegetable.

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To use _______ most effectively, a seller must have the flexibility to change prices often, rapidly, and aggressively in respons
Anuta_ua [19.1K]

Answer:

1. Marketing strategies

2. Marketing Strategies

Explanation:

Marketing strategies are simply a set of procedures or actions a company and/or a seller intends to undertake to sell a product or service to the end user, with a view to earning a profit. Marketing strategies understand that there are many goods chasing fewer buyers. Hence, the competition is often stiff. In a bid to gain a competitive advantage and an edge, a good marketing strategies is very critical to a business concern.

There are basically 4 elements of marketing:

- Price

- Promotion

- Product, and

- Place

Price is simply the amount the end user intends to pay for a product. It is an acknowledged fact through the study of consumer behavior that consumer will buy more of a go when the price is low, compared to when high. This is bearing that they both have same quality content. Thus, pricing is a critical element of marketing as its proper application is incidental to a firm gaining its competitive advantage. Hence, a seller must have the propensity to change price often, rapidly and aggressively in response to competitors' price changes.

Additionally, Proper pricing should not be viewed in isolation. Other elements of marketing are also critical to understanding appropriate marketing strategies. Making products stand out through requisite promotion strategies - advertisements, publicity, fairs and all, make pricing more competitive.

Also, a product with good and high quality easily wins the heart of a consumer than otherwise. Thus, to be competitive, a seller must come up with a product of good quality and rating. And when a consumer sees that there's value for money, he's inclined to paying more.

Strategically placing your product where it'll easily contact the prospective buyer goes a long way in being competitive and taking the advantage of the pricing decision.

7 0
4 years ago
Read 2 more answers
If the demand for a steak is unit price elastic, then; Select one: a. the percentage change in quantity demanded is equal to the
Anvisha [2.4K]

Answer:

The correct answer is option a.

Explanation:

The price elasticity of demand shows the responsiveness of quantity demanded to change in price. It is measured by the ratio of proportionate change in quantity demanded and proportionate change in price.

Unit price elastic means that the price elasticity of the good is 1. This implies that the percentage change in quantity demanded must be equal to the percentage change in price.

6 0
3 years ago
In the Month of March, Digby received orders of 164 units at a price of $15.00 for their product Don, and in April receives an o
qwelly [4]

Answer:

Sales for March, 164 * 15 = $2,460

Explanation:

According to the accrual system, the purchases and sales are recorded when they occur. When compared to the cash basis, they are only recorded when actual cash is received or paid for them.

For March the transaction of 164 units has occurred and thus this sale will be recorded.

Sales for March, 164 * 15 = $2,460

This is the revenue recorded for March under accruals, for cash this would have been 0.

Hope that helps.

8 0
4 years ago
During November, TaskMaster purchased 208,000 pounds of direct materials at a total cost of $436,800. The total factory wages fo
aniked [119]

Answer:

See below

Explanation:

Given the above information,

Direct material price variance is computed as;

= (Actual price - Standard price) × Actual quantity

Actual price = $436,800/208,000

Standard price = $436,800/182,000

Actual quantity = 208,000

Direct material price variance

=[ ($436,800 / 208,000) - ($436,800 / 182,000 ] × 208,000

= ($2.1 - $2.4) × 208,000

= $62,400 unfavourable

8 0
3 years ago
You have $100,000 available to invest. The risk-free rate, as well as your borrowing rate, is 4%. The risky portfolio has an exp
dlinn [17]

Answer:

c. borrow $50,000 at the risk-free rate

Explanation:

Options are: "invest $100,000 in the risk-free asset, borrow $25,000 at the risk-free rate, borrow $50,000 at the risk-free rate, invest $125,000 in the risk-free asset"

Standard Deviation of the portfolio = Weight of Risky assets * Standard Deviation of risky assets

30% = Weight of Risky assets * 20%

Weight of Risky assets = 30% / 20%

Weight of Risky assets = 1.50

Weight of Risk Free Assets = 1 - 1.50

Weight of Risk Free Assets = -0.50

Borrow from risk assets = 0.50 * $100,000

Borrow from risk assets = $50,000

Hence, If we want the standard deviation of our investment to be 30%, we must borrow $50,000

5 0
3 years ago
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