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Wewaii [24]
3 years ago
12

A good with many close substitutes is likely to have relatively ___________(elastic,inelastic) demand, since consumers can easil

y choose to purchase one of the close substitutes if the price of the good rises.A good?s price elasticity of demand depends in part on how necessary it is relative to other goods. If the following goods are priced approximately the same, which one has the least elastic demand?-Diamond necklace-A heart valve for heart attack victims
Business
1 answer:
butalik [34]3 years ago
6 0

Answer:

Elastic demand

A heart valve

Explanation:

A good with many close substitutes will have a highly elastic demand. This is because an increase in the price of the good will causes the consumers to purchase one of its cheaper substitutes.  

If both a diamond necklace and a heart valve for heart attack victims are priced the same, the price elasticity for the heart valve will be lower. This is because the diamond necklace is a luxury good but the heart valve is necessary for the survival of the victim.

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When she was in college, Kiersten Walburg wrote a case study on Grokster, an online peer-to-peer (P2P) file-sharing network, and
Pavel [41]

Answer:

File-Sharing and Copyrights

1. Making material available on a P2P network or through the cloud is called Select (file-sharing/ obtaining copyright protection) .

2. Is file-sharing always prohibited? Select (Yes/ No) .

3. File sharing is prohibited Select (when it is used to download and store copyrighted music/when it is used to listen to music) .

4. Under the Digital Millennium Copyright Act, a person who file-shares Select (can/ cannot) use the fair use doctrine to justify the file-sharing.

5. Montgomery notified Walburg that she had been identified as engaging in the unauthorized trading of music. She replaced the hard drive on her computer with a new drive that did not contain the songs in dispute. Walburg Select (can/ cannot) remedy her wrongful conduct by replacing her hard drive?

6. Why or why not? The illegal file sharing Select (was/ was not) already done.

7. Who is an innocent infringer? A person who Select (is/ is not) aware and had no reason to believe that his or her acts constituted copyright infringement.

8. Walburg likely Select (was/ was not) an innocent infringer.

9. Why? She had written a case study on Napster and knew file sharing was Select (right/ wrong) .

10. It is Select (likely/ not likely) that Walburg replaced her hard drive to conceal her acts.

11. If that is true, Walburg's act of replacing her hard drive Select (was / was not) ethical.

12. If Walburg did commit an illegal act in sharing copyrighted material without earning a profit, she Select (can/ can not) face criminal sanctions .

13. A court likely Select (would/ would not) find Walburg liable for copyright infringement.

Explanation:

Copyright infringement is like plagiarism.  It is the wrongful use of another person's copyrighted works or words, as if they were their own and without obtaining copyright permission from the copyright owner.  It is illegal while plagiarism is unethical.

3 0
3 years ago
The biggest factor in determining the price of a mortgage is:
xeze [42]
I'd say your answer would be the interest rate so A
5 0
3 years ago
A small trucking company is planning to install a GPS system in each of the five trucks the company owns. Each system costs $460
tatiyna

Answer:

a. The $7002.73 new annual net income is necessary to recover the  initial investment of the five GIS systems at the annual effective interest rate of 10%

b.   Since $6000 revenue is less than $7002.73 project is not viable financially.

Explanation:

a . Total initial cost = 4600*5

                                = $23000

Total Salvage Value = 300*5

                                   = $1500

Operating cost = $1000 with a gradient of $100.

PV of operating cost = 1000(P/A,5,10%) + 100(P/G,5,10%)

                                   = 1000(P/A,5,10%) + 100(P/A,5,10%)(A/G,5,10%)

                                   = 1000*3.7908 + 100*3.7908*1.8101

                                    = 3790.8 + 686.17

                                     = $4476.97

PV of salvage value = 1500(P/F,5,10%)

                                  =1500*0.6209

                                  = $931.35

NPV = -23000 - 4476.97 + 931.35

        = - $26545.62

annual revenue to get $26545 = 26545.62(A/P,5,10%)

                                                     = 26545.62*0.2638

                                                      = $7002.73

Annual Revenue = $7002.73

Therefore, The $7002.73 new annual net income is necessary to recover the initial investment of the five GIS systems at the annual effective interest rate of 10%

b.   Since $6000 revenue is less than $7002.73 project is not viable financially.

3 0
3 years ago
Recommend further strategies companies woolworths in south africa may use to protect the environment
djverab [1.8K]

They are committed to sending less waste to landfills, recycling as much as possible, and using recyclable materials wherever possible.

Some Recycling Methods to Reduce Waste From recycled plastic shopping carts to signage, everything in the store is made from recycled materials.

We care about the environment and strive towards a zero net impact and transition to a low-carbon future. We care about how our products are made and are committed to a completely transparent, traceable, and ethical supply chain.

Conclusion Woolworths has a potential customer retention marketing strategy. Geographic segmentation is the company's greatest strength. However, the price competition facing the organization in the Australian market is very dominant.

Learn more about The environment here:-brainly.com/question/24182291

#SPJ4

3 0
1 year ago
On January 1, 2017, Whitefeather Industries issued 300, $1,000 face value bonds. The bonds have a five-year life and pay interes
Ludmilka [50]

Answer:

$15000

Explanation:

All types of bonds have some common characteristics which include;

- A face/par value

- A coupon rate (interest rate).

- Either redeemable/irredeemable or convertible.

The face value of one bond is $1000 so the total value of 300 bonds would be $300,000 (300×$1000). In this example these are redeemable bonds which means Whitefeather Industries would be liable to payback the capital amount of bonds after five years (maturity date).

The coupon rate (i.e interest) is charged on Par value. So the Interest can be calculated as $300,000×10% = $30,000 per year.

In this question interest is payable semi-annually, therefore The amount of interest that occurs on December 31, 2017 is $15000 (For the last six months - July 1st till Dec 31st; $30000×6÷12).

4 0
3 years ago
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