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artcher [175]
3 years ago
15

Use figure 3.4 to answer the following: if the cost of gasoline increased from $3.00 per gallon to $4.00 per gallon and the quan

tity demanded decreases from 12 gallons to 10 gallons, would the demand be elastic or inelastic?
Business
1 answer:
Charra [1.4K]3 years ago
8 0

I think the most appropriate answer would be "inelastic demand". As the demand doesn't decrease significantly high and the cost of gasoline doesn't increase significantly increase that high.

(Inelastic demand is the the demand of a product does not changes too much/vigorously, as compared to elastic demand.)

I hope it helped you!

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Management of organizations

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3 years ago
_________ is the systematic study of a job’s tasks, duties, and responsibilities and the knowledge, skills, and abilities needed
saw5 [17]

Answer:

Job analysis

Explanation:

Many organizations carry out what is called job analysis. It entails spelling out the job functions, skills, experience and knowledge required to perform the job. It is important to analyze the skills required to perform a job because such would afford an organization to have directions in terms of matching skills with work.

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6 0
3 years ago
Total profit is maximized a. where the difference between total revenue and total cost is greatest. b. at that output level wher
Bess [88]
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4 0
3 years ago
Ken Young and Kim Sherwood organized Reader Direct as a corporation; each contributed $55,000 cash to start the business and rec
Talja [164]

Answer:

The ending retained earning would be $2,400

Explanation:

For computing the ending retained earnings balance, we have to use the formula which is shown below:

Even in the question, the formula is given so we use it

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7 0
2 years ago
Maxim manufactures a cat food product called Green Health. Maxim currently has 10,000 bags of Green Health on hand. The variable
Rudik [331]

Answer: $92,880

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Sales figure is therefore,

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The total gross profit would is $92,880.

7 0
2 years ago
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