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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:

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Cull Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The
V125BC [204]

Answer:

a. $379.92

Explanation:

As per the data given in the question,

Direct material per unit = $810 ÷ 10

= $81

Direct labor per unit = $1,620 ÷ 10

= $162

Variable O/H per unit = $3.00 × 80 ÷ 10

= $24

Fixed MFG operating hours per unit = $458,800 ÷ 74,000×8

= $49.6

Total cost = $316.6

Mark up = 316.6×20%

= $63.32

Selling price = $316.6 + $63.32

= $379.92

Hence, option (a) $379.92 is correct answer

First we have to compute the total cost and then added the markup so that the selling price could come

8 0
3 years ago
What advice or tips would you give Mr. Youngher as he prepares for other interviews? He should learn to appreciate the power of
Dmitriy789 [7]

This is the scenario for this question:

Mr. Youngher arrives at his interview for a community relations internship with Bethlehem Electric in Chicago five minutes late and in a rumpled suit. When he is introduced to the chief marketing officer, Mr.Youngher moves in close as they shake hands and winks. The executive takes a step back

Answer:

He should learn to appreciate the power of appearance and improve his decoding skills to be a better reader of others’ reactions.

Explanation:

In the given scenario it is obvious that Mr Youngher did not read the situation and act appropriately.

He came late for the meeting. The correct thing for him to do would have been to apologize.

Instead he moves in close as they shake hands and winks. This kind of familiarity is inappropriate under the circumstances.

Also he went to the interview with a rumpled suit.

This would give a bad impression about himself.

He should learn that a neat appearance creates a good impression about people, this helps them rate you higher

3 0
3 years ago
If a radio station holds an online contest in which you must log in to its website and submit personal details such as name, pho
Agata [3.3K]

Answer: has offered an exchange

Explanation: In the given case, the radio station has been organizing a contest, thus, whoever win such contest will receive something in return. Thus, we can conclude that the registration formalities fixed by the radio station is an offer for exchange.

As in an offer of exchange process, both the parties on different ends receive something.

4 0
3 years ago
In an assembly operation at a furniture factory, six employees assembled an average of 900 standard dining chairs per 5-day week
poizon [28]

I guess the correct answer is 30 chairs/worker/day.

Divide the output of 900 chairs by the inputs of 30 worker-days.

6 0
3 years ago
Darden has beginning equity of $284,000, total revenues of $70,000, and total expenses of $32,000. the company has no other tran
kolbaska11 [484]

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2 years ago
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