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elena55 [62]
4 years ago
10

Suppose the company that owns the vending machines on your campus has doubled the price of a can of soda. if they then still sel

l almost the same number of sodas per day, this suggests: students do not have good nutritional information. soda purchases represent a large fraction of students' budgets. there are few other places to purchase soda on campus. the price elasticity of demand for soda is equal to 1.
Business
1 answer:
Ierofanga [76]4 years ago
8 0
The answer would be that there are few other places to purchase soda on campus; competition (or lack thereof) can play a big factor in determining price elasticity.

While nutrition information can shift consumers' preferences, we have no indication within the question of whether or not the students are well-informed of the impact of their drinking choices.

As for the third option, we are not given any information on the students' budgets, and no information with which to infer this, either. We only have information on their spending as it is related to soda, not as compared to other purchases.

Finally, given that the quantity sold does not change much despite the change in price, we can conclude that this price curve is relatively inelastic, in which case the price elasticity of demand would be closer to zero than one. This effectively rules out the last answer.
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You have graduated from college and, after working hard for ten years, have scraped enough money together to make a down payment
sasho [114]

Answer:

A conspiracy crime

Explanation:

Note that the tem consipiracy could also mean knowingly supporting directly or indirectly in a set course of action with another.

Thus, since the homeowner did not prevent the illegal actions of her acquaintance out of loyalty for her, the homeowner became part of an illegal drug sale conspiracy. This is further evident from the fact that the homeowner

gave the acquaintance three weeks to move out; in a sense giving more ample time for the illegal transactions.

6 0
3 years ago
In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. Pool
saveliy_v [14]

Answer:1. Poole journal $

Date

April 10

Cash account Dr 50,925

Cash sales Cr 48,500

Sales tax. Cr. 2425

Narration. Cash sales inclusive of sales tax.

Waterman journal $

Date

April 15

Cash account Dr 26750

Cash sales Cr. 25,000

Sales tax. Cr. 1750

Narration. Cash sales inclusive of sales tax

Explanation:

Firms are authorized by the government to collect sales tax on their behalf at the time of sales and such amount when collected are treated as liability by the firm to be remitted to the goverments.

At the point of sale the sales tax is showing as percentage to be charged on sales separately e.g 5% on sales figures.

If the tax percentage is not separated at the time of sales and the sales is made inclusive of sales tax then the sales tax like in the above scenario will be 7/107 * $26,750 which gives $1750

7 0
3 years ago
Cost of goods sold during the year was $183,000. During the year, merchandise inventory decreased by $8,000, prepaid expenses in
krok68 [10]

Answer:

The correct option is B

Explanation:

In this question, we are asked to calculate the cash payment to suppliers total.

To calculate this, we employ a mathematical approach.

Mathematically;

Cash Payment to supplier

= cost of goods sold - decrease in inventory +decrease in account payable

From the question, we identify;

Cost of goods sold = $183,000

Decrease in inventory =$8,000

Decrease in account payable =$4,000

Plugging these values in the equation, we have;

Cash payment to supplier = 183000 - 8000+4000

= $ 179000

6 0
4 years ago
Read 2 more answers
You are a member of Congress and your aide reports that unemployment continues to rise. You are due to report to the floor to vo
kvv77 [185]

Answer:

a) increase spending on grants for small businesses.

Explanation:

Government spending which is an expansionary fiscal policy will stimulate the supply side of the economy and by extension create more jobs.

When government spending is targeted at small businesses which is the engine of growth, it will in no small measure generate more activities in goods produced by the small businesses thereby reducing unemployment.

7 0
3 years ago
The VP of Marketing gives you marketing research on three different consumer desires in the fitness technology market.
Svet_ta [14]

Answer:

A) Function: consumers want wearable technology with the latest and greatest functionality.

Explanation:

The VP of Marketing has directed you to search for a target market that values fitness technology functionality and are willing to pay for it.

You need people that workout constantly and for long periods of time. This type of clients really need high quality and durable products, so they are willing to pay for them. These guys and girls are not going to go around running and watching their cellphones, they are trying to improve their performance, not to worsen it. They are constantly looking for ways to be better athletes and train harder, and any help they can get is very valuable for them.

6 0
4 years ago
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