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Vlad [161]
4 years ago
13

Suppose that a jewelry store found that when it increased prices by 10 percent, sales revenue increased by 3 percent. Which of t

he following is true about the price elasticity of demand for the store’s goods?
Business
1 answer:
Anna11 [10]4 years ago
4 0

Answer:

The correct answer is Demand is inelastic, but not perfectly.

Explanation:

Inelastic demand is that demand that is not very sensitive to a change in price. In this way, before a variation in the price the quantity demanded reacts in a less than proportional way. For example, if the price increases by 10% and in response the quantity demanded is reduced by less than 10%, then the demand is said to be inelastic.

The elasticity of demand, also known as the elasticity-price of demand, is defined as the percentage change of the quantity demanded before a percentage change in the price.

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Transaction exposure manifests itself when MNCs engage in each of the following, except: Group of answer choices Forward market.
kondor19780726 [428]

Answer:

Forward market.

Explanation:

Transaction exposure represent the uncertatinity level where the business is involved in the trade that to be done on the international level. It is the risk where the currency exchange rate fluctuates when the financial obligation is undertaken by the firm

So as per the given situation, it engaged in all the things except the forward market because in all other things it is engaged by the MNC

Therefore the first option is correct

5 0
3 years ago
The demand for money is higher in japan than in the united states because:
katrin [286]
The correct answer is letter C, J<span>apanese banks pay interest on checking accounts. In Japan, banks are not willing to pay a high rate of interest. This is the reason why people who use their credit cards or other savings account they get charged extra for interest. </span>
8 0
3 years ago
Your firm is thinking about investing ​$200 comma 000200,000 in the overhaul of a manufacturing cell in a lean environment. Reve
Zepler [3.9K]

Answer:

EAW = -$17,545.71

Explanation:

initial investment = $200,000

cash inflows;

  • Year 1 = $33,000
  • Year 2 = $44,000
  • Year 3 = $55,000
  • Year 4 = $66,000
  • Year 5 = $77,000
  • Year 6 = $88,000
  • Year 7 = $99,000
  • Year 8 = $110,000
  • Year 9 = $132,000

cash outflows:

  • Year 1 = $20,000
  • Year 2 = $30,000
  • Year 3 = $40,000
  • Year 4 = $50,000
  • Year 5 = $60,000
  • Year 6 = $70,000
  • Year 7 = $80,000
  • Year 8 = $90,000
  • Year 9 = $100,000

EAW = equivalent annual worth = equivalent annual benefits - equivalent annual costs

to determine the EAB we must first find the PV of the cash inflows using a financial calculator = $408,348.84

EAB = (PV x r) / [1 - (1 + r)⁻ⁿ] = ($408,348.84 x 10%) / [1 - (1 + 10%)⁻⁹] = $70,905.91

to determine the EAC we must first find the PV of the cash outflows (including initial outlay) using a financial calculator = $509,395

EAC = (PV x r) / [1 - (1 + r)⁻ⁿ] = ($509,395 x 10%) / [1 - (1 + 10%)⁻⁹] = $88,451.62

EAW = $70,905.91 - $88,451.62 = -$17,545.71

5 0
3 years ago
Joy is a supervisor over Elias. She repeatedly solicits sexual behavior from Elias and does other inappropriate actions that a r
SVEN [57.7K]

Answer: C) guilty of hostile work environment sexual harassment.

Explanation: A hostile work environment is a work environment where one or more persons act in such a way to offend or provoke anger in other persons. The activities of Joy towards Elias is hostile as it is against the will of Elias.

Sexual harassment is a term used to describe any action taken to solicit for sex,sexual behaviour or touch the private parts of others in embarrassing manner. THE ACTIVITIES OF JOY MAKING HER TO SOLICIT SEXUAL BEHAVIOUR FROM ELIAS IS A SEXUAL HARASSMENT AND WHEN PROVEN IN THE COURTS SHE SHALL BE FOUND GUILTY.

3 0
3 years ago
A Disability Income policyowner suffers a disability which was due to the same cause as a previous disability. Both disabilities
Luba_88 [7]

Answer:

C) Recurrent Disability provision

Explanation:

The human body is a fantastic machine but sometimes when you have health problems they don't show up immediately.

For example you might get hit on the right side of your head severely and lose partial hearing from your right ear, but in a couple months you might notice that your short term memory has also been affected. Both disabilities were caused by the injury although one showed up before the other.

The insurance company has to provide the disability benefits without a new elimination period under the recurrent disability provision.

8 0
3 years ago
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