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kondaur [170]
2 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]2 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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(tco 3) techpoint, a technical writing and business documentation firm, finds it difficult to handle its training requirements.
kotykmax [81]

<u>This is an example of "outsourcing".</u>


Outsourcing is the business routine with regards to procuring a gathering outside an organization to perform benefits and make products that generally were performed in-house by the organization's own representatives and staff. Generally done as a cost-cutting measure, it can influence occupations going from client support to assembling to the back office.  

Outsourcing can enable organizations to lessen work costs essentially by outsourcing certain assignments. Organizations can likewise dodge costs related with overhead, gear and innovation.  

4 0
3 years ago
Strategies on how to minimize expenses in cooking?​
Nitella [24]

Answer:

1. Calculate Your Food Costs

2. Be Consistent When Calculating Inventory

3. Work with Your Food Suppliers

4. Join a Group Purchasing Organization

5. Manage Your Food Orders

6. Implement Restaurant Portion Control

7. Use the First In, First Out (FIFO) Method

8. Utilize Your Daily Specials

9. Keep Your Staff Informed

Explanation:

8 0
2 years ago
​"Since transfer payments by government are not associated with the production of goods and services, they are not included in G
rosijanka [135]

Answer:

true                    

Explanation:

The transfer payment comprises of both a donor as well as a receiver, with the sender giving up something that is of worth and receiving anything in return, unlike the swap agreement that equally benefits all the parties concerned.

Transfer payments cover Social Security, Medicaid, unemployment compensation, social programs and assistance. They should not be added in GDP, as they are not payments for goods or services, but rather ways to distribute money for social purposes.

8 0
3 years ago
Read 2 more answers
Use the following information to answer questions 10 – 14. Suppose South Korea can produce 100 computer chips with 12 hours of l
Andrew [12]

Answer:

100 bed linens

Explanation:

Opportunity costs of South Korea:

  • Computer chips = 100 chips / 12 hours of labor = 8.33 computer chips per hour of labor.
  • Bed linens = 50 chips / 6 hours of labor = 8.33 bed linens per hour of labor.

Since both products require the same amount of labor hours (8.33 labor hours per unit), then the opportunity cost of producing 100 computer chips is 100 bed linens.

Opportunity costs are the extra costs or benefits lost from choosing one activity or investment over another alternative.

7 0
2 years ago
"​Stephanie's Bridal Shoppe sells wedding dresses. The average selling price of each dress is $ 1 comma 100​, variable costs are
zhannawk [14.2K]

Answer:

250 dresses

Explanation:

The first task would be to compute before tax net income when after tax net income is $21,000 at the tax rate of 30%

After tax net income=before tax net income*(1-t)

t  is the tax rate of 30% or 0.30

after tax net income is $21,000

$21000=before tax net income*(1-0.3)

$21,000=0.7*before net income

before tax net income=$21,000/0.7=$30,000

Target units for before tax net income of $30,000 is computed thus:

target number of dresses=fixed cost+target profit/contribution per unit

fixed cost is $120,000

contribution per unit=sales price-variable cost

                                 =$1,100-$500=$600

target number of dresses=($120,000+$30,000)/$600=250 dresses

6 0
3 years ago
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