Answer:
Coffee beans are components; coffee cups are support products.
Explanation:
A product component are elements that influence or help production of a product. They include goods, services, ideas, experiences, people and place. So coffee beans is a good that helps in production of Starbucks coffee.
Support products provide a convinient way for delivery of the products. In this instance coffee cups act as delivery channel for Starbucks coffee.
Answer:
The interest rate on the car loan over the entire term of the loan is higher than the interest rate on her savings account.
The largest Herfindahl-Hirschman Index that an industry can get is <u>10,000 </u>and the only industry this is possible in is a Monopoly.
The Herfindahl-Hirschman Index (HHI) is calculated by summing the squares of the market shares of the various companies in an industry.
In a monopoly, a company could have a 100% market share. When this happens, the HHI would be:
= 100 ²
= 10,000
In conclusion, the highest HHI is 10,000 and this can only happen in a monopoly.
<em>Find out more at brainly.com/question/4563430. </em>
Answer:
Price Elasticity of Demand is -4
Explanation:
We can see the graph and easily calculate the Q1 which is 120 units at P1 $140 and Q2 which is 80 units at P2 $160 price.
The starting point formula for calculating price elasticity of demand is given as under:
Price Elasticity of Demand = (ΔQ / Q2) / (ΔP / P2)
Here
ΔQ = Q1 - Q2 = 120 - 80 = 40 units
ΔP = P1 - P2 = 140 - 160 = - $20
By putting value in the above equation, we have:
Price Elasticity of Demand = (40 Units / 80 Units) / (-$20 / $160)
Price Elasticity of Demand = -4