Answer:
c
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.
Percentage change in price = (1.8 - 2) / 2 = -0.10
2.5 = percentage change in quantity demanded / -0.10
percentage change in quantity demanded = 0.10 x 2.5 = 0.25 = 25%
Because there was a decrease in price, demand would increase by 25%
<span>Decline in group cohesiveness appears when the members of the group are not strongly attached to each other and there is no cooperation between them. Several factors could decrease group cohesion. Some of them are:
</span><span>- the group is big
</span>-members have conflicting opinion about group goals,
- the group is h<span>eterogeneous (with members from different age groups, job responsibilities, education or status) </span>
- there is intra-group competition, in which individual goals are at the cost of group goals.
<span>An older person may have issues with cost availability and accessibility for many reasons, largely work-related. Such a person may have limited or no income, for instance. This would be especially true for an older person past retirement age. They would no longer be working and may have a low fixed income. Accessibility can also be an issue for those who no longer drive.</span>
Answer:
The answer is a. work in process, finished goods, and cost of goods sold.
Explanation:
Answer:
Profit-maximizing price per drug treatment is $2,000
Explanation:
The "cost of production" (cost of providing all treatments) is given by the area under the cost curve
(The cost curve is the straight line C = 10Q)
It is a right triangle with one side being the quantity (Q) and the other being the cost of the last unit being produced (10Q)
So the cost of production is: 
Revenue is given by P * Q = (3,000 - 10Q) * Q
Profit = Revenue - Cost of production = 3,000Q - 
-
To find maximum, take derivative and solve for:
3,000 - 30Q = 0 => Q = 100
Profit-maximizing quantity is 100. The price will then be P = 3,000 - 10*100 = $2,000
