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sertanlavr [38]
3 years ago
14

Whats the difference between elastic and inelastic in business

Business
1 answer:
Masteriza [31]3 years ago
8 0

Answer:

Elastic demand means there is a substantial change in quantity demanded when another economic factor changes typically the price of the good or service, whereas inelastic demand means that there is only a slight or no change in quantity demanded of the good or service when another economic factor is changed.

Explanation:

Hope this helps

From,

1kvibing

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Which two types of résumés can be formatted to be visually appealing?
QveST [7]
After my thorough researching, the two types of résumés that can be formatted to be visually appealing is the print and the web. The correct answer to the following given statement or question above is the print and the web.
8 0
3 years ago
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Which of the following income statement figures would probably be the best indicator of a company s future performance?
son4ous [18]
The income statement figures would probably be the best indicator of a company's future performance is <span>income from operations.

>I</span>ncome from operations or IFO <span>is the net </span>income of an entity, not including the impact of any financial activity or taxes. IFO <span>is the profit realized from a business' own operations.</span>
4 0
3 years ago
Antonio has $11.00 to spend on a lunch consisting of hamburgers ($1.50 each) and French fries ($1.00 per order). Antonio's satis
saveliy_v [14]

Answer: <em>$4. 71 hamburger and $6.29 French fries. </em>

Explanation:

Total spendable income of Antonio = $11.00  

1 hamburger = $1.50

1 order of French fries = $1.00

Utility maximization function: U(x1, x2) = x1x2 i.e. 1 hamburger and 2 orders of French fries

Using the Utility maximization function: U(x1, x2) = $1.50 + $2.00

                                                                                      = $3.50 per lunch  

Therefore the customer will purchase hamburger worth of $(1.50 x 11.00/3.50) = $4. 71

And French fries orders worth of $(2.00 x 11.00/3.50) = $6.29

<em>Antonio will maximize his satisfaction by purchasing $4. 71 hamburger and $6.29 French fries. </em>

3 0
4 years ago
How does the economic boom affect a business or your business?
shepuryov [24]

Answer:

The answer is easy and simple to understand.

First of all, it ill be generally good for your business, price levels of materials required and services will remain at a reasonable level so you can afford them.

Moreover, the cost of financing will be bearable and low. Since the interest rates are low, more money can be borrowed to expand your business venture.

Economic book means more employment opportunities, and as the supply of labor increases. the cost or the wage rate can remain at a reasonable and fair level for both the employers and employees.

The currency exchange rates will be stable and will not deviate heavily during the economic boom period, making importing and importing fairly easy for your business.

However, since the economy is rigorous and healthy, more entrepreneurs will enter the market and the competition will  be sever.

Moreover, foreign investors and businesses with new technologies, products and practices may enter your market, making it a bit difficult for you.

Explanation:

4 0
4 years ago
Suppose you invest equal amounts in a portfolio with an expected return of 16% and a standard deviation of returns of 18% and a
Maksim231197 [3]

Answer: 10%

Explanation:

You invest equal amounts in a portfolio yielding 16% and a risk-free asset yielding 4%.

The expected return will be a weighted average of these two;

= (Weight of the Portfolio * Portfolio return) + (Weight of the Portfolio * risk-free rate)

= (0.5 * 16%) + (0.5 * 4%)

= 8% + 2%

= 10%

4 0
3 years ago
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