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mario62 [17]
3 years ago
13

Apple juice is a very elastic good to me. I can easily substitute something else for it if it gets too expensive. Gasoline, on t

he other hand, is not replaceable to me. I cannot fill my car with anything else. This is very inelastic. Draw both demand curves on two different graphs.
Business
1 answer:
ss7ja [257]3 years ago
3 0

Answer:

I can't exactly draw a picture here for you, but this is the closest thing

Explanation:

You might be interested in
Kleiner Merchandising Company Accumulated depreciation $ 700 Beginning inventory 13,500 Ending Inventory 8,100 Expenses 2,300 Ne
Neporo4naja [7]

Answer:

Check the following explanation

Explanation:

a) Goods available for sale = Beginning Inventory + Net Purchases

13500 + 17500 = 31000

Cost of goods sold = Goods available for sale - Ending Inventory

31000 - 8100 = 22900

Gross Profit = Net Sales - Cost of goods sold

26500 - 22900 = 3600

b) Net Income for Krug Service Company = Revenues - Expenses

= 31000 - 10500

= 20500

Net Income for Kleiner Merchandising Company = Gross Profit (Computed Above) - Expenses

= 3600 - 2300

= 1300

8 0
4 years ago
PLEASE HELP WILL GIVE BRAINLY!!!!!!!!!
kozerog [31]

Answer:

the answer is B yeah i think they fit

6 0
4 years ago
General Motors determined that it would close down divisions that were in low-growth markets that had relatively low market shar
Brums [2.3K]

Answer:

b. Dogs

Explanation:

The BCG matrix is used to analyse the performance of an organization's product in terms of the market growth and market share. Going by the BCG matrix, there are 4 types of products based on the measurement criteria mentioned earlier. These are Star, Cash cow, Question mark and Dogs.

Stars are high performers with high market growth and high market share. Cash cows have high market share but low market growth. Question marks are products with high market growth but low market share. Dogs are the poor performing products with low market share and low growth rate. Hence the division as identified by General Motors for closure is in the division of Dogs.

Option b

3 0
3 years ago
If the economy is normal, Charleston Freight stock is expected to return 16.5 percent. If the economy falls into a recession, th
sertanlavr [38]

Answer:

Variance of the returns of this stock is  0.01658177

Explanation:

Mean return = 0.7 * 16.5% + 0.3*-11.6%

Mean return =  0.1155 - 0.0348

Mean return = 0.0807

Mean return = 8.07%

Variance of the return = 0.7 * (16.5%-8.07%)^2 + 0.3 * (-11.6%-8.07%)^2

Variance of the return = 0.7 * (8.43%)^2 + 0.3 * (-19.67%)^2

Variance of the return = 0.7 * (0.0843)^2 + 0.3 * (-0.1967)^2

Variance of the return = 0.0049745 + 0.011607267

Variance of the return = 0.01658177

7 0
3 years ago
Whenever marginal cost is greater than average total cost, A. average total cost is rising. B. marginal cost is falling. C. aver
Damm [24]

Answer:

A. average total cost is rising.

Explanation:

Whenever marginal cost is more than average cost it means it costs more to produce a unit now compared to the average cost of the previous units. Lets assume that a company produces 3 units  of a good.

The first unit costs $1

The second unit costs $2

The third unit costs $3.

The average cost is (1+2+3)/3=2

Now if the marginal cost for producing a unit is more than the average cost for example if the marginal cost is 4, then this will mean that average total cost is rising. we can mathematically check this.

The first unit costs $1

The second unit costs $2

The third unit costs $3.

The fourth unit costs $4

Average cost= (1+2+3+4)/4=10/4=2.5

Here we see that the average cost increased from 2 to 2.5 because marginal cost was greater than average cost.

4 0
3 years ago
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