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PIT_PIT [208]
3 years ago
11

Consider these situations. In each situation, is the demand for the good elastic or inelastic?

Business
2 answers:
ZanzabumX [31]3 years ago
6 0

Answer:

Elastic

Inelastic

Inelastic

Explanation:

ed 2020

Kryger [21]3 years ago
3 0

Answer:

Explanation:

Demand is the amount of a good or service consumers wants

| Consumer demand can change often; for many reasons

plz mark as brainliest

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A company inserts winning prize tickets into 10,000,000 of its products. 1 of the tickets is a large cash prize, 1,600,000 are s
netineya [11]

Answer: Large Cash Prize is A. 0000001

Small Cash Prizes is B. 0.16

Free Samples is C. About 0.84

Explanation:

Large Cash Price

The probability of winning 1 large Cash price is 1 out of 10 million so that would be,

= 1/10,000,000

= 0.0000001 which is option A

Small Cash Prices

Probability of winning a Mall Cash price is 1,600,000 out of 10,000,000 which would be,

= 1,600,000/10,000,000

= 0.16 which is Option B

Free Samples

Winning free samples of the Company's products would be,

= 10,000,000 - 1,600,000 - 1

= 8,399,999

Now we divide by 10,000,000

= 8399999/10,000,000

= 0.83999

= 0.84 so option C

5 0
3 years ago
Suppose Chef Kitchen manufactures cast iron skillets. One model is a​ 10-inch skillet that sells for $ 28 . Chef Kitchen project
Lerok [7]

Answer:

production schedule for July = 815 10-inch skillets

Explanation:

price of 10-inch skillet $28

projected sales 625 units

costs:

  • direct materials $6
  • direct labor $3
  • manufacturing overhead $5
  • sales and administrative expenses $1,000

beginning inventory 60 units

ending inventory 40% of August sales

production during July = (projected sales - beginning inventory) + (40% x projected sales August) = (625 units - 60 units) + (40% x 625 units) = 565 units + 250 units = 815 10-inch skillets

6 0
2 years ago
When you open excel 2013 for the first time, what will appear?
Gnoma [55]
The excel start screen will pop up then from there you can choose to create a workbook a template and access your recent work
7 0
2 years ago
3) Bill weighs 220 pounds and is losing 4 pounds each month. Phil weigh 250 pounds and is losing 10 pounds each month. How many
Anit [1.1K]

5 months and 200 pounds

4x5 = 20

220-20

200

10x5 = 50

250-50

200

6 0
2 years ago
A small business decides to upgrade its aging phone system. the business will probably place a straight rebuy order.
natulia [17]
False.
The business wants to upgrade the phone system, not rebuy the same one.
8 0
2 years ago
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