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Finger [1]
3 years ago
13

Hubert: Demand decreased, but it was perfectly inelastic. Kate: Demand decreased, but supply was perfectly inelastic. Manuel: De

mand decreased, but supply increased at the same time. Poornima: Supply increased, but demand was perfectly inelastic. Shen: Supply increased, but demand was unit elastic. Who could possibly be right
Business
1 answer:
Murljashka [212]3 years ago
8 0

The complete part of the question.

The price of coffee fell sharply last month, while the quantity sold remained the same. Five people suggest various explanations

Answer:

Kate, Manuel and Poornima

Explanation:

Given that, the price of coffee fell but the quantity sold remained the same.

1. Hubert: Demand decreased, but it was perfectly inelastic.

If an elastic demand shifts the demand curve will move to the left. This would cause both prices as well as quantity to decline. So HUBERT's statement is not correct.

2. Kate: Demand decreased, but supply was perfectly inelastic.

This can be true, because of the inelastic supply curve. If the supply curve is an inelastic vertical line then a fall in demand will not affect quantity while the price will fall. So, KATE's statement can be right.

3. Manuel: Demand decreased, but supply increased at the same time.

If there is a decrease in the demand curve, it will shift to the left. Now, if there is an increase in the supply by the same amount the price will fall but quantity will remain the same. So, MANUEL's statement is right.

4. Poornima: Supply increased, but demand was perfectly inelastic.

Here, the rightward shift in the supply curve will cause the price to fall but quantity will remain the same. So, POORNIMA's statement is right.

5. Shen: Supply increased, but demand was unit elastic.

if the demand curve is unitary elastic, an increase in supply will cause the price to fall and quantity to increase. So, SHEN's statement is not correct.

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How would you pay taxes on a earned income?
nasty-shy [4]
You must pay two types of taxes on earned income: Social Security/Medicare taxes (called FICA, OASDI, or payroll taxes) and income taxes. The payroll taxes that are withheld from your paycheck have two components.
3 0
3 years ago
Given the following data: Average operating assets $ 504,000 Total liabilities $ 23,520 Sales $ 168,000 Contribution margin $ 85
kipiarov [429]

Answer:

9%

Explanation:

According to the given situation, the solution of return on investment is shown below:-

Return on investment = (Net operating income ÷ Average operating assets) × 100

now, we will put the values into the above formula

= ($45,360 ÷ $504,000) × 100

= 0.09 × 100

= 9%

Therefore for computing the return on investment we simply applied the above formula.

7 0
3 years ago
When all companies and their managers in a society behave in a socially responsible way, business increases, quality of life inc
Mkey [24]

Available Options Are:

A. A climate of caring will pervade.

B. Lawlessness all but ceases to exist.

C. People look after their own interests.

D. Small business starts increase.

E. Inflation decreases.

Answer:

Option A. A climate of caring will pervade.

Explanation:

When the people in a society start acting socially responsible which means that they value every single life on earth because acting socially means sustainability which says that the future generation needs must not be compromised in meeting current generation needs. Hence when everyone will be thinking as a socially responsible person then their will be a climate of care and every life matter would be understood by every single person on earth.

7 0
3 years ago
Hiromi congratulated her staff when the team received an industry award for their project, and also sent a companywide e-mail an
olga_2 [115]

Answer:

Reward power

Explanation:

Hiromi used reward power here the reward is "intangible reward". She praised and recognized the achievement of her staff team so the reward is intangible.

7 0
3 years ago
You are starting a family pizza parlor and need to buy a motorcycle for delivery orders. You have two models in mind. Model A co
harina [27]

The equivalent annual costs of each model are as follows:

                                                Model A       Model B

Equivalent annual costs     $2,389.26   $3,008.47

Data and Calculations:

                                              Model A       Model B

Costs of motorcycle              $8,200        $13,600

Expected years of usage      7 years        9 years

Annual maintenance costs    $760          $740

Cost of capital = 9%

Annuity factor                       5.03295        5.99524

PV of annual maintenance  $3,825.04   $4,436.48

Total NPV of costs             $12,025.04  $18,036.48

Equivalent annual costs   $2,389.26  $3,008.47

                          ($12,025.04/5.03295)  ($18,036.48/5.99524)

Thus, the equivalent annual costs of each model are the dividend of the Total NPV costs divided by the Annuity Factor.

Learn more about the equivalent annual costs (EAC) here: brainly.com/question/25343720

8 0
2 years ago
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