The answer is the target audience. It is the statistic of individuals well on the way to be occupied with your item or administration. On the off chance that you possess a pipes organization, your intended interest group is property proprietors, both business and private. On the off chance that you claim a toy store, your intended interest group is guardians, grandparents and any other person with youngsters in their lives.
Answer:
a. the increase in total resource cost associated with the production of one more unit of output.
Explanation:
Consider the following calculation
The MRC=TC at N inputs -TC at (N-1) inputs
The marginal resource cost is an addition cost of a new input hired.
When interest rates are expected to rise, then Joe Hill should D. prefer the Asbury bond to the Wildwood bond.
<h3>What is a bond?</h3>
A bond simply means a form of security that is used in mutual funds and private investing.
In this case, when interest rates are expected to rise, then Joe Hill should prefer the Asbury bond to the Wildwood bond. This is important to prevent loss.
Learn more about bond on:
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Answer:
Explanation:
a. QXd = 1,200 – 3PX – 0.1PZ
Pz = $300 and Px = $140, plugging the values, we get,
Qx = 1200 – 3*140 – 0.1*300.
Qx = 750 units.
Elasticity of demand = \deltaQx/\deltaPx * Px/Qx.
\deltaQx/\deltaPx = -3.
E = -3 * 140/750.
E = -0.56
The elasticity of demand is INELASTIC because the absolute value of elasticity is less than one. If the firm charges a price below $140it might lose out in revenue because the percentage change in demand is less than the price.
b. Px = $240, substituting this into the equation we get
Qx = 1200 – 3*240 – 0.1*300
Qx = 450 units.
E = -3 * 240/450.
E = -1.6
The demand is elastic because the absolute value is less than one. If the firm charges a price above $240 it might lose out on its revenue because the percent change in demand is more than the price.
c. Cross price elasticity of demand Es = \deltaQx/\deltaPz * Pz/Qx.
\deltaQx/\deltaPz = -0.1
Es = -0.1 * 300/750.
Es = -0.04
The goods are complements of each other. As the price of one increases, the demand for other would fall, and vice-versa is true.
