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Bas_tet [7]
2 years ago
10

For several years in a row, the east coast cities of the nation suffered extremely cold winters. Demand for home heating oil was

very inelastic. How did the elasticity of supply impact the changes in price that resulted from the increased demand? a) Supply is elastic, therefore, the price increased more than it otherwise would have. b) Supply is inelastic, therefore, the price increased more than it otherwise would have. c) The elasticity of supply would have no impact on the price changes. d) Supply is inelastic, therefore, the price increased less than it otherwise would have. e) Other factors impacted price of heating oil more than elasticity of supply or demand.
Business
1 answer:
iragen [17]2 years ago
4 0

Answer:

B) Supply is inelastic, therefore, the price increased more than it otherwise would have.

Explanation:

The price elasticity of demand (PED) measures how much the quantity demanded of a product or service changes proportionally to a change in the price of the product or service.

If PED < 1, the demand is inelastic

PED > 1, the demand is elastic

PED = 1, the demand is unitary

When the PED is inelastic, if the price of a product or service changes 1%, then the quantity demanded will change less than 1%.

In this case the price increased a lot, but the quantity demanded only decreased a little bit.

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Barbara is a producer in a monopoly industry. Her demand curve, total revenue curve, marginal revenue curve and total cost curve
andrey2020 [161]

Answer:

22

Explanation:

A monopoly will maximize profit at MR = MC ( marginal revenue = marginal cost)72

MR =MC

40 -0.5 Q = 4

-0.5 Q = 4 - 40 = -36

Q = -36 / -0.5 = 72

The price of the her product

Q = 160 - 4P

4P =  160 - 72 = 88

P = 88 / 4 = 22

4 0
3 years ago
When logging into Google Tag Manager for the first time, what needs to be set up?
lara31 [8.8K]

Answer:

The correct answer is B

Explanation:

GTM (google tag manager), is a tool which allows the person to manage as well as deploy the marketing tags on the website, without modifying the code.

It is used so as to make easier for the marketers in order to execute the tags without relying on the web developers to do it.

When logging to GTM, the first thing need to be set up or create is the tag manager account so as to proceed further.

8 0
3 years ago
When I was considering what to do with my $10,000 lottery winnings, my broker suggested that I invest half of it in gold, the va
77julia77 [94]

Answer: $20,478.78

Explanation:

In 14 years the investment will be,

Gold

10,000/2 = 5000

Then use the compound interest formula

5000 * (1+0.07)^ 14 = $12,892.67

For Certificates of Deposits.

Use the Compound interest formula

Rate and period are in years. Convert to semi annual basis.

3%/ 2 = 1.5%

14 * 2 = 28 periods

= 5000 ( 1+ 0.015) ^ 28

= $7,586.11

Add both

=$12,892.67 + $7,586.11

= $20,478.78

5 0
3 years ago
List your personal and professional goals and create an individual career plan. Your plan should have specific milestones and ac
Ulleksa [173]

Explanation:

Setting specific, measurable career development goals can help you get to the next level in your career. While developing a career plan can entail a significant amount of work, it will pay off in helping you to understand where you want to go with your career next and what you need to do to get there.

Creating and implementing an employee career development plan allows you to feel motivated at work, even if you haven’t found your dream job just yet, because it helps you to make concrete plans to get there.

Here, we define a career development plan template and outline five steps to easily and efficiently make an individual development plan for yourself.

8 0
2 years ago
The CEO of Widgets, Inc., must decide whether to take the company public. To better understand the potential advantages and disa
nordsb [41]

Answer:

the dialectic method

Explanation:

Based on the information provided within the question it can be said that the process that is being used is known as the dialectic method. This is a form of research in which competing ideas, perspectives, or arguments are analyzed in order to understand the potential truths, advantages, and disadvantages of the aspects being discussed.

7 0
3 years ago
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