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kogti [31]
3 years ago
10

Let's say the demand elasticity for Aaron's scones is |.5|. Then for a 1% increase in prices, there will be a .5% _______in quan

tity demanded. Demand is ____.
Business
1 answer:
Sidana [21]3 years ago
4 0

Answer:

Decrease; inelastic

Explanation:

Let's say the demand elasticity for Aaron's scones is |.5|. Then for a 1% increase in prices, there will be a .5% DECREASE in quantity demanded. Demand is INELASTIC.

Because demand elasticity is greater than one(1.5), it is price elastic i.e it is sensitive to price. An increase in price will lead to a decrease in quantity demanded and vice-versa.

But because the responsiveness in quantity demanded or the sensitivity to the change in price is not significant, the demand is inelastic.

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Your firm has net income of $385 on total sales of $1,480. Costs are $810 and depreciation is $120. The tax rate is 30 percent.
DaniilM [7]

Answer:

Operating cash flow= 305.5

Explanation:

Giving the following information:

Your firm has net income of $385 on total sales of $1,480. Costs are $810 and depreciation is $120. The tax rate is 30 percent.

EBITDA= 385

Depreciation= (120)

EBIT= 265

Tax= (0.3*265)= (79.5)

Depreciation= 120

Operating cash flow= 305.5

8 0
3 years ago
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Vesnalui [34]
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8 0
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Why must there be an opportunity cost for every choice you make?
Vitek1552 [10]

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3 0
3 years ago
Read 2 more answers
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algol [13]

Answer:

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7 0
2 years ago
Ormand Organic Grocery has invested in a yogurt stand for its store. The investment cost the company $100,000. Variable material
vekshin1

Answer:

15.4%

Explanation:

Calculation to determine what would the ROI be

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ROI=($1.1 * 14,000)/100,000

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8 0
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