Explanation:
The concept of 'informed consent' is a key principle within ethics, referring to permission granted in the full knowledge of the likely consequences.
Answer:
1.86 and elastic
Explanation:
The computation of the price elasticity of supply using the mid point method is shown below:
= (change in quantity supplied ÷ average of quantity supplied) ÷ (percentage change in price ÷ average of price)
where,
Change in quantity supplied is
= Q2 - Q1
= 10 - 4
= 6
And, average of quantity supplied is
= (10 + 4) ÷ 2
= 7
Change in price would be
= P2 - P1
= $40 - $25
= $15
And, average of price would be
= ($40 + $25) ÷ 2
= 32.5
So, after solving this, the price elasticity of supply is 1.86
Since the price elasticity is more than one so it is a elastic
Answer:
$800 million more
Explanation:
Amount spent each year under the government wheat price-support program = $0.2 × 10 billion = $2 billion
Amount spent each year in an unregulated market for Pakistani wheat = $0.1 × 12 billion = $1.2 billion
Amount spent more each year under the government wheat price-support program than otherwise would have been spent in an unregulated market = $2 billion - $1.2 billion = $800 million
The statement, "As marketers embraced the concept of integrated marketing communications, they began asking their ad agencies to rely primarily on media advertising," is:
<h3>What was the stance of the marketers?</h3>
When marketers started accepting integrated marketing communications, they did not tell their ad agencies to rely only on media advertising. They rather told them to adequately manage the promotional materials that they had.
Instead of focusing on just one type of promotional tool, they encouraged diversification. So, it is wrong to say that they asked their agencies to focus only on media advertising.
Learn more about marketing communications here:
brainly.com/question/7176800
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