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ivann1987 [24]
3 years ago
10

If a 7% increase in the price of cheese causes a 7% reduction in the total revenue received by cheese farmers, the demand for ch

eese is:A.Inelastic.B.Elastic.C.Unit elastic.D.Infinite
Business
1 answer:
Vanyuwa [196]3 years ago
5 0

Answer:

C.Unit elastic

Explanation:

Unit elastic demand is the term that describes a scenario where a change in price causes a proportionate change in demand. It is one of the types of elastic demand. A good or service is said to have elastic demand if a small change in price causes a considerable change in the quantity demanded.

In the unit elastic demand, if a product price changes by a certain percentage, the demand will change by an equal percentage. In this scenario, a 7 percent price increase results in a 7 percent decrease in demand.

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A​ check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks
Liula [17]

Answer:

a. 41.6 million

b. 42.28 million

Explanation:

A) GIven

forecast in june = Sjune = 42 million

Checks recived in june = Xjune = 40 million

Smoothing constant = a = 0.2

So for july

Sjuly = a*Xjune + (1-a)*Sjune

=0.2*40 + (1-0.2)*42 million

=8+33.6 = 41.6 million

B) forecast in july = Sjuly = 41.6 million

Checks recived in july = Xjuly = 45 million

Smoothing constant = a = 0.2

So for August

Saugust = a*Xjuly + (1-a)*Sjuly

=0.2*45 + (1-0.2)*41.6 million

=9+33.28 = 42.28 million

<em>Note: This uses an exponential smoothing to forecast the results, but from the number of checks recived we see that it increases linearly. So we need a linear forecasting method .</em>

5 0
4 years ago
Identify two acts that Tumi Manufacturers complies with. Motivate your answer by quoting from the case study above
11111nata11111 [884]

Two acts that the TUMI manufacturers comply with are:

  • Environmental regulations
  • labor and employment act

<h3>The corporate responsibility of this organization</h3>

As a result of the corporate responsibility of this business group, they are known to respect environmental laws.

This law requires them to avoid the use of chemicals and substances that are harmful to the environment.

Also the business has to comply with laws that concerns labor and employment.

Read more on corporate social responsibility here:

brainly.com/question/1373962

8 0
3 years ago
________ is a time of establishing personal and economic independence, career development, and, for many, selecting a mate, lear
Mkey [24]

Answer:

A.early adulthood is the correct answer

Explanation:

Early adulthood is the stage that is characterized by personal independence, reproductive ability, the grown-up become self-sufficient, independent and they explore various life opportunities.

The goal of this time period is to establish careers, homes, families, expand the social network, fulfill the sexual needs.

There are different challenges of early adulthood such as parenting, stress, intimacy, different lifestyles, divorce, trauma, depression, and effect of relation on the health

4 0
3 years ago
Which of the following is NOT among the principal managerial components of the strategy execution process?
kifflom [539]

Answer:

The incorrect statement is letter "A": Tying rewards and incentives directly to the achievement of strategic and financial performance targets.

Explanation:

The managerial strategy-execution process allows firms to come up with a well-established method to clarify, transmit, apply and handle their operations within the organization to reach the company's goals. The method aims to give the firm the highest efficiency possible while achieving its objectives.

Implementing employees' additional compensations is not part of this approach.

4 0
3 years ago
The proportion of assets that are financed with debt can be calculated using the ________ ratio
andriy [413]

The proportion of assets that are financed with debt can be calculated using the <u>debt </u>ratio.

The phrase "debt ratio" refers to a financial ratio that assesses how much leverage a business has. The ratio of total debt to total assets, represented as a decimal or percentage, is known as the debt ratio.

The percentage of a company's assets that are financed by debt is one way to understand it.

An asset-to-asset ratio greater than 1 indicates that a significant portion of a firm's assets are financed by debt, which indicates that the corporation has more liabilities than assets.

If interest rates abruptly increase, a company with a high ratio may be at risk of loan default. A ratio lower than 1 indicates that equity funds a larger proportion of a company's assets.

To learn more about Debt Ratio here

brainly.com/question/14553933

#SPJ4

6 0
2 years ago
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