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777dan777 [17]
3 years ago
5

Suppose that identical twin eye doctors work across the hall from each other. Even their parents have trouble telling them apart

. Moreover, they both went to the same medical school. From this information, we would guess that the price elasticity of demand for either of their services is closest to unitary. True, false and why?
Business
1 answer:
suter [353]3 years ago
8 0

Answer:

False

Explanation:

The statement is false: because

As provided the doctors are identical and even there parents cannot differentiate properly and are mistaken sometimes.

As the doctors practice across the hall, that is the same place, any customer if there is an increase in fee of Doctor 1 will substitute his doctor, into another, as both are common with knowledge, and practice.

This will lead to fall of customers or patients at a change of fees, to another doctor.

Thus the price elasticity of demand is infinite, as all customers might be loosed.

Therefore, the statement is false.

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Answer:

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Explanation:

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Sony, a firm once synonymous with portable music, has ceded its market dominance to Apple because:
Kisachek [45]

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Explanation:

Moore's law is states that the number of transistors in a dense integrated circuit doubles roughly every two years.

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In 1975, he reviewed the forecast to doubling every two years, at a compound annual growth rate of 41.4percent.

Apple were able to take over the portable music market because they made they products such as the ipods, the iPhone, the iPad, and the MacBook smaller and very effective to use. This qualities endeared the Apple products to the consumer market, making apple products to swiftly replace the Sony portable players.

7 0
3 years ago
Selected accounts with some debits and credits omitted are presented as follows:Work in ProcessOct. 1 Balance 20,000 Oct. 31 Goo
forsale [732]

Answer:

The amount of factory overhead applied in October is $63,300.

Explanation:

Goods finished + Oct 31 work in progress = direct materials + direct labor + oct 1 balance + factory overhead

360,000 + 21,000 = 96,700 + 201,000 + 20,000 + Factory Overhead

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Therefore, The amount of factory overhead applied in October is $63,300.

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Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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