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KonstantinChe [14]
3 years ago
7

MIT economist Jerry Housman has estimated the price elasticity of demand for Post Raisin Bran cereal to be -2.5 and the price el

asticity of demand for all types of breakfast cereals to be -0.9. The demand for Post Raisin Brand cereal is:__________ 1. elastic 2. inelastic the demand for all types of breakfast cereals is:_____ 1. inelastic2. elastic
Business
1 answer:
Diano4ka-milaya [45]3 years ago
5 0

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.

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Answer:

A-public policy

Explanation:

Violation of public policy :A legal claim that an employee has been fired fo not doing and unethical thing which is moral wrong. In many states, for example, an employee can sue for wrongful termination in violation of public policy after being fired for : reporting illegal activities, exercising legal right or not doing illegal things.

4 0
3 years ago
_____ is a classic management tool that incorporates the idea of scanning elements such as strengths, weaknesses, opportunities,
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Answer:

The correct answer is E

Explanation:

SWOT analysis stands for Strength, Opportunities, Threats and Weaknesses analysis, is defined or described as the framework which is used for analyzing as well as identifying the factors of the external and the internal, which have an impact on the product, person or product viability.

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3 years ago
Which of the following is a true statement about a marketing plan?
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8 0
3 years ago
A bond's yield to maturity considers the interest earnings and the change in the bond's price while the current yield considers
Anuta_ua [19.1K]

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The following totals for the month of April were taken from the payroll register of Magnum Company. Use this information to answ
tankabanditka [31]

Answer:

(C) debit to Payroll Tax Expense for $1,148

Explanation:

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The employer will contribute the same amount for FICA(medicare and social security)  FUTA and SUTA

so the entry will be :

<u>payroll tax expense debit 1148</u>

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