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ollegr [7]
3 years ago
11

Suppose the value of the price elasticity of supply is 4. what does this mean? a 1 percent increase in the price of the good cau

ses the supply curve to shift upward by 4 percent. a 4 percent increase in the price of the good causes quantity supplied to increase by 1 percent. for every $1 increase in price, quantity supplied increases by 4 units. a 1 percent increase in the price of the good causes quantity supplied to increase by 4 percent.
Business
1 answer:
Aleonysh [2.5K]3 years ago
8 0

A. 1% increase in the price of the good causes the supply curve to shift upward by 4 percent.

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Apply What You’ve Learned - Managing Credit Cards and ConsumerLoans
timama [110]

Answer:

1) In general, is it a good idea to make only minimum payments on your credit cards?

  • No, the small payment requirement is mathematically guaranteed to keep you in debt for many years.

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2) Assuming you have $1,500 in your budget this month with which to pay down your credit cards, how much should you pay on each card?

I would start with the cards that charge the highest interest rates. I would pay the full balance of the department store card and the gasoline card = $600 + $300 = $900

Since I have $600 left, I would then pay the minimum payments for the cards that charge the least interest rates. I would pay $40 to Discover card and $60 to VISA.

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4 0
3 years ago
Estée lauder would not choose to sell to cvs or dollar general because ________.
castortr0y [4]
Estée lauder would not choose to sell to cvs or dollar general because "<span>customer expectations."</span>

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4 0
3 years ago
Sheffield’s Manufacturing Company can make 100 units of a necessary component part with the following costs: Direct Materials $1
larisa [96]

Answer:

Company Save  $37000 by Buying

Explanation:

given data

make component part = 100 units

Direct Materials = $122000

Direct Labor = 34000

Variable Overhead = 55000

Fixed Overhead = 30000

purchase the component = $200000

fixed costs = $4000

to find out

make or buy decision

solution

first we find here Total Cost for Making component part

total cost = Direct Materials + Direct Labor + Variable Overhead + Fixed Overhead ..............1

put here value

total cost for make =  $122000 + 34000  + 55000 + 30000

total cost for make = $241000

and

now we find here Total Cost for buying component part

total cost = Purchase Price + fixed costs   ............2

put here value we get

total cost for buying = $200000 +  $4000

total cost for buying  = $204000

so

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5 0
3 years ago
Payday loans could be considered
Molodets [167]
C. subprime lending

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7 0
3 years ago
Joe, a human resources specialist for Jersey Office Supplies Co., rides along with the furniture delivery people to observe the
Svetllana [295]

Complete question:

Joe, a human resources specialist for Jersey Office Supplies Co., rides along with the furniture delivery people to observe the problems they were encountering and what activities they were required to perform. Joe was performing a:

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