1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
attashe74 [19]
3 years ago
15

Emergency room health care tends to have a demand curve that is very steeply sloped, while elective surgery does not. Why? Also,

health care insurance and vacation spending tend to have a negative cross price elasticity of demand for many people. Why?
Business
1 answer:
RoseWind [281]3 years ago
3 0

<span>Emergency room health care demand is expensive because it tends to be more of a necessity in its time of use. On the other hand, elective surgery is the contrast because compared to ER; it is less of a necessity. People have more money to spend on vacations when healthcare insurance prices go down.</span>

You might be interested in
If short-run equilibrium output equals 10,000, the income-expenditure multiplier equals 10, and potential output (Y*) equals 9,0
lyudmila [28]

Answer: Option (b) is correct.

Explanation:

Given that,

short-run equilibrium output = 10,000

income-expenditure multiplier = 10

potential output (Y*) = 9,000

Expenditure multiplier = \frac{1}{1-slope\ of AE function}

10 = \frac{1}{1-slope\ of AE function}

Slope of AE function = 0.9

slope of AE =  MPC (1-t)  t =0,

MPC = 0.9

Delta Y (DY) = 1000

government expenditure multiplier ⇒ \frac{1}{1 - MPC} = 10

Delta G = \frac{DY}{government\ expenditure\ multiplier}

             = \frac{1,000}{10}

             = 100

Government purchases must be Decrease by 100.

4 0
3 years ago
Your company is interested in producing and marketing a line of coffee that will penetrate the European market. Your firm is wil
Mrac [35]

A franchise can be used.

<h3><u>Explanation:</u></h3>

Franchise refers to the authorization that is given by the government for involving in commercial activities. It is the permission that is obtained legally for using the ideas, expertise and processes of some one else with their permissions.

In the example given, a firm is willing to provide all necessary materials for the preparation of coffee and wants to penetrate the European market. The company here provides all the equipment, ingredients, trademarks and operating systems and hence it can make use of franchise type of strategy.

7 0
3 years ago
A firm produces and sells two products, Plus and Max. The following information is available relating to setup costs (a part of
SVEN [57.7K]

Answer:

$5.4 and $5.4

Explanation:

The formula and the computation is shown below:

= Total setup cost ÷ total direct labor hours

= $91,800 ÷ 102,000 hours

= $0.9

For plus:

Setup cost is

= $0.9 × 6

= $5.4

And,

For Max:

= $0.9 × 6

= $5.4

We simply multiplied the per unit with the direct labor per unit so that the allocation to each unit could come

8 0
3 years ago
Assume the football team is set up as a C corporation and that Lenny, Sarah, and Sam are the shareholders. The team is sued for
blagie [28]

Answer:

The answer is option A) The corporation may have liability, but not the individual owners.

Explanation:

The corporation may have liability, but not the individual owners because it is a C Corporation.

A C Corporation legally separates owners' or shareholders' assets and income from that of the corporation. This helps to limit the liability of investors and firm owners since the most that they can lose in the business's failure is the amount they have invested in it.

So, even if the team get sued for negligence because an individual who turned to see the quarterback running naked crashed her car, the corporation will have liability.

4 0
3 years ago
Which of the following statements is true?
Zinaida [17]

<u>Answer:</u>

<em>C) Actual investment includes unplanned inventory changes, but planned investment does not </em>

<em></em>

<u>Explanation:</u>

The total amount of investment consumptions attempted by a business during a timeframe consists of both arranged and impromptu costs of capital. The idea of pure speculation is a significant piece of Keynesian financial aspects and is utilized to decide the purpose of macroeconomic harmony, at which real venture equivalents arranged venture.

When moving toward interest in the securities exchange, there are two fundamental procedures utilized, principal investigation and specialized examination. Likewise, with any speculation technique, there are promoters and depreciators of each approach.

6 0
3 years ago
Other questions:
  • When performing the management _____ function, managers measure the results of operations and compare them with the results they
    9·1 answer
  • The following selected accounts appear in the adjusted trial balance for Deane Company. Indicate the financial statement on whic
    7·1 answer
  • The table below describes the total and marginal benefit elvis gets from fried peanut butter and banana sandwiches. elvis' fried
    7·1 answer
  • Opportunity cost refers to _________.a. current economic conditions. b. your personal values.c. trade-offs when a decision is ma
    12·1 answer
  • "If a real estate professional says to a potential seller that the neighborhood is ""changing"" and ""isn't what it used to be,"
    5·1 answer
  • When receiving food, you can refuse to accept when if
    5·1 answer
  • Easy Walk, a pet leash company, doesn't conduct customer surveys. If it had it would discover that one of its main leash lines f
    12·1 answer
  • How to be a successful entrepreneur?
    5·2 answers
  • If the government subsidizes colleges adn sets the subsidy so that the efficnet number of students entroll, what is the subsidy
    7·1 answer
  • question 1 you are presenting your theory about the correlation between recent sales increases and a current pop culture trend.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!