<span>Open ended questions helps the respondent in giving out more insightful information than a close ended questions. Open ended questions allows respondent to be more elaborate and therefore many new points can be discovered in the survey analysis. Also the respondent feels happy by explaining his point in a clear and expressive manner.</span>
Answer:
$500
Explanation:
The Costs of goods sold is the expense incurred while producing goods for sale. Costs of goods sold or COGS is the total direct cost production for goods sold in a period.
COGS = Beginning Inventory + purchases - closing Inventory
In this case,
the COGS for one soda is $4, and the COGS is $1.
the combined COGS is $5 ( $4 + $1)
Sue sells to 100 customers,
the total COGS = $5 x 100
=$500
Answer:
The demand for Post Raisin Brand cereal is: ELASTIC
the demand for all types of breakfast cereals is: INELASTIC
Explanation:
To calculate the price elasticity of demand (PED) we can use the following formula:
PED = % change in quantity / % change in price
- If PED > 1, the demand is price elastic
- If PED = 1, the demand is price unitary
- If PED < 1, the demand is price inelastic
*The PED always results in a negative number, e.g. price deceases, quantity increases, but for practical reasons we convert the negative number into a positive (we use absolute values) when we are determining the elasticity.
Answer:
A)
Explanation:
The wage rate paid by the employer varies directly withs the number or workers employed
