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elena55 [62]
3 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]3 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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The Magnet Recognition Program for health care organizations is based on fourteen forces of magnetism related to five magnet mod
murzikaleks [220]

Answer: Personnel policies and programs

Explanation:

 The personnel policies and the program is refers to the force of magnetism which is used to assess for reviewing the structural empowerment in an organization.

 The personnel policies and the programs basically provide an innovation environment where the staff in an organization are empowerment and develop their empirical qualities which include the improvement, knowledge and the innovation.

 According to the given question, the personnel policies and the programs are the structural empowerment of an organization that demonstrating the innovations in the health care organization.

 Therefore, Personnel policies and programs  is the correct answer.

4 0
3 years ago
2) If a country, like the US, can produce all of the goods and services needed by
WITCHER [35]

Answer:

See below

Explanation:

Specialization means a company or country concentrating on producing few commodities. In practice, a state or company will focus on the products it can produce more efficiently. It means focusing on goods they can manufacture at a lower cost compared to other countries.  

The USA can specialize in the goods and services it can produce at a lower cost than other nations. It can then export these products to other countries at competitive prices. For products that are costly to manufacture in the USA, it is prudent to import them from countries that can produce them at lower costs.  

Some products manufactured in other countries at a lower cost may be sold in the USA at fair prices than when produced in the USA.

5 0
3 years ago
Bill currently uses his entire budget to purchase 5 cans of Pepsi and 3 hamburgers per week. The price of Pepsi is​ $1 per​ can,
FinnZ [79.3K]

Answer:

Option (B) is correct.

Explanation:

The utility maximization point for a consumer is as follows:

\frac{MU_x}{P_x}=\frac{MU_y}{P_y}

It is given that,

price of Pepsi(x) =​ $1 per can

price of a hamburger(y) =​ $2

Marginal utility from Pepsi =​ 4

Marginal utility from hamburgers = 6

Hence,

\frac{4}{1}>\frac{6}{2}

4 > 3

Therefore, it can be seen that the consumer's utility is not maximized at this point.

Law of diminishing marginal utility states that as the consumer consumes more and more quantity of goods then as a result the utility obtained from the consumption goes on diminishing.

So, there is a need to increase the quantity of Pepsi consumed and reducing the quantity of hamburgers consumed.

6 0
3 years ago
Tonelli Trucking buys a $65,000 truck on credit. Which financial statement will be affected by this transaction?
Arlecino [84]

Answer:

A : balance sheet only

Explanation:

In the given question, the truck was purchased on credit and the truck is a fixed asset that comes under the balance sheet only because in the income statement, the expenses and revenues are recorded whereas retained earnings records profit which is left to the company.  

So, it affects the balance sheet only. As balance sheet records all types of assets and all types of liabilities plus shareholder equity.

6 0
3 years ago
What is the primary purpose of most television commercials?
seraphim [82]

option C to persuade, just took the test

3 0
2 years ago
Read 2 more answers
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