1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kipish [7]
3 years ago
10

Explain how a seller can determine whether the demand for his or her good is inelastic, elastic, or unit elastic between two pri

ces
Business
1 answer:
patriot [66]3 years ago
8 0

Answer:

by calculating the elasticity of demand.

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.  

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.  

Explanation:

You might be interested in
When applying manufacturing overhead to jobs, the formula to calculate the amount is as follows: A. Predetermined overhead rate
OLga [1]

Answer:

The correct answer is option D.

Explanation:

Manufacturing overhead is a product cost and thus must be included in the cost sheet. Though it is difficult to include as it is an indirect cost. So even when the output level gets reduced due to some reason, the overhead cost remains constant.  

So, it is difficult to assign overhead costs to production. But it can be done by using an allocation process. In this process an allocation base is selected which is common to all products and services of company.  

3 0
4 years ago
A study by carnegie mellon university showed that drivers talking on cell phones can miss seeing ......% of their driving enviro
vazorg [7]

(Strayer, D. L. 2007), A study by Carnegie Mellon University showed that drivers talking on cell phones can miss seeing<u> 50 % </u>of their driving environment, including pedestrians and green lights.

<h3>What are the risks of using cell phones while driving?</h3>

There are studies, which have found that drivers who use cell phones while driving are more likely to face accidents resulting in injuries and there is a correlation that exists between phone use and accountability for crashes.

Therefore, (Strayer, D. L. 2007), A study by Carnegie Mellon University showed that drivers talking on cell phones can miss seeing<u> 50 % </u>of their driving environment, including pedestrians and green lights.

learn more about risks of cell phones:

brainly.com/question/4733015

#SPJ1

5 0
2 years ago
Internal Rate of Return Manzer Enterprises is considering two independent investments: A new automated materials handling system
slega [8]

Answer:

1. IRR for the first investment: 13%

2. IRR for the second investment: 10%

3. IRR for the first investment give changes in cash flow: 4%

Explanation:

IRR is the discount rate that will bring project's net present value to 0. Apply this, we will calculate IRR in each given scenario:

1. -900,000 + (300,000/IRR)/ [ 1 - (1+IRR)^-4] = 0 <=> IRR = 13%

2. -755,000 + 400,000/(1+IRR) + 500,000/(1+IRR)^2 = 0 <=> IRR = 10%

3. -900,000 + (250,000/IRR)/ [ 1 - (1+IRR)^-4] = 0 <=> IRR = 4%

(all the answers have been rounded to whole percentage values as required in the question).

7 0
3 years ago
1. describe the it architecture (both type of it architecture and its information system parts) at pepsiamericas before its cust
Liono4ka [1.6K]

Answer:

Information technology achitecture can be defined as a detailed description of the various information processing assets that is needed to achieve business objectives.

Explanation:

In our world today, businesses thrive on information. Information technology achitecture focuses on three basic tiers in an organization which are the server, middleware and client.

At PepsiAmericas, the next Gen initiative convinced executives that they needed to drive value from technology intiatives. Technology provided a common plartform for standardized business processes.

The first initiative by Johnsen created an IT governance board which included the ceo Robert pohland and the coo ken keiser.

Pepsi Americas recognised the achitectural and structural difference between each of its subsidiaries and itself.

On the otherhand, Operational excellence can be defined as the provision of reliable products and services to customers at competitive prices. whereas customer intimacy is targeting and segmenting markets and offers matching exactly to the demands of the niche.

Operational excellence means to strip off operational cost so as to deliver competitive price.

Pepsi Americas employees realised that driver turnover were no longer important. and that recessions would require that operations would change. Therefore, pepsiAmericas had to reevaluate their operations as demand was reducing and had to find a way not to waste resources.

8 0
3 years ago
You are starting a lawn care business. Which of the following would be a needed land resource?
natulia [17]
<span>Lawns would be the the needed land resource. Without lawns you would have no business. Starting a lawn care business in the desert would not be effective because you would not have the land resource of lawns with grass to cut. All of the other options are resources that you would need but they are not land resources.</span>
6 0
4 years ago
Read 2 more answers
Other questions:
  • Detractors of the cwc concept pointed out that combatants in sags, csg, and esgs were organized according to their __________ in
    11·1 answer
  • Equipment was purchased for $17,000. Freight charges amounted to $700 and there was a cost of $2,000 for building a foundation a
    14·1 answer
  • You recently conducted a series of interviews for an accounting position at your law firm. You’ve decided on a candidate but nee
    10·1 answer
  • Inventory records help determine how many items of material, components, and subassemblies need to be ordered to make the final
    15·1 answer
  • What is the difference between simple and compound interest?
    5·1 answer
  • A nephew has been given a durable power of attorney over his uncle's brokerage account. Upon the death of the uncle, the power o
    6·1 answer
  • The severalty owner of a parcel of land sells it to a buyer. The buyer insists that the owner's wife join in signing the deed. T
    14·1 answer
  • B)
    9·1 answer
  • 8
    9·1 answer
  • Many businesses borrow money during periods of increased business activity to finance inventory and accounts receivable. Neiman
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!