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kondaur [170]
3 years ago
15

According to the numbers in the article Group of answer choices smoking among adults is elastic because the percent change in pr

ice is greater than the percentage change in quantity demanded. smoking among adults is inelastic because the percent change in price is greater than the percentage change in quantity demanded. none of the answers are correct. smoking among adults is elastic because the percent change in price is less than the percentage change in quantity demanded. smoking among adults is inelastic because the percent change in price is less than the percentage change in quantity demanded.
Business
1 answer:
nataly862011 [7]3 years ago
5 0

Answer:

According to the numbers in the article

smoking among adults is inelastic because the percent change in price is less than the percentage change in quantity demanded.

Explanation:

Inelasticity means that price changes do not affect the demand for smoking among adults.  When the habits of consumers to smoke are not determined by the change in the price of the item, the demand is described as inelastic.  In other words, a change in the price of the good or service does not generate a corresponding change in the quantity demanded. Inelasticity, as an economic term, states that the quantity demanded of a good or service remains static when there is a change in its price.

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Companies are doing less ________ and more ________ as a result of an explosion of more focused media that better match today’s
MissTica

Answer: broadcasting; narrowcasting

Explanation:

With technological advancements in the marketing landscape especially on the internet, companies are now able to target individuals better based in their preferences and patterns of trade.

Search engines and websites for instance are able to save our data as we browse and so are able to infer what products we might be looking for and then recommend a place to get it. Companies are capitilizing on this to engage in more narrow methods of advertising that appeal to the individual consumer as opposed to broadcasting on a large scale and hoping that those who like the message will respond.

7 0
3 years ago
Which of the following statements is correct? Select one: a. Supply curve A is perfectly elastic. b. Supply curve C is more inel
natali 33 [55]

The following statement supply curve A is perfectly elastic and supply curve B is perfectly inelastic are correct.

Explanation:

If there is no response from demand to prices and supply curve is vertical then the supply is perfectly inelastic.If there is more change in demand and very less change in price and supply curve is horizontal then the supply is perfectly elastic.

If the elasticity is greater than one that indicates high change in price known as Elastic supply. if the Elasticity is less than one that indicates low change in price then it is said to be Inelastic supply.

6 0
3 years ago
Gelb Company currently manufactures 52,500 units per year of a key component for its manufacturing process. Variable costs are $
Hoochie [10]

Answer:

Gelb Company should choose to Buy the Component since it is the cheaper option. This gives a cost advantage of $28,875.

Explanation:

For each Option, include costs which are unavoidable because those would change as a result of this decision, they are relevant costs items.

Total incremental cost : Making

Variable costs (52,500 x $4.05)    $212,625

Fixed Costs (unavoidable)               $75,500

Total                                                 $288,125

Total incremental cost : Buying

Purchase Price ( 52,500 x $3.50) $183,750

Fixed Costs (unavoidable)              $75,500

Total                                               $259,250

Conclusion :

Gelb Company should choose to Buy the Component since it is the cheaper option. This gives a cost advantage of $28,875 ($288,125 - $259,250).

7 0
3 years ago
Who at Universal Studios hates FORBIDEN JURNY?
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6 0
3 years ago
Purchase investment in bonds for $115,000. Sell land costing $40,000 for only $31,000, resulting in a $9,000 loss on sale of lan
Juli2301 [7.4K]

Answer:

net cash flow  26,800

Explanation:

NOTE: missing information attached.

Operating

net income                 104,000

removal of non-monetary terms

depreciation expense 37,000

loss on sale of land       9,000

adjusted net income        150,000

<u>Changes in working capital:</u>

Increase in AR                  (22,000)

Decrease in Inventory       40,000

Prepaid increase                 (7,200)

Decrease in AP                 (16,000)

decrease interest paayble (5,000)

increase in tax payable         1,000

net change in working capital     (9,200)

net cash generated from operating     140,800

investing

sale of land 31,000

purchase of debt securities (115,000)

cash used in investing activities 84,000

financing

cash dividends (30,000)

cash used in financing activites 30,000

net cash flow  26,800

beginning cash 227,800

ending cash 254,600

6 0
3 years ago
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