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.
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.
In a purchase system the involvement of the traditional transactions takes place as when the product or item arrives to form a supplier its matched to the original order of the referring report which is then sent to the department for checking the content and the report generated is in the inventory
Of the list of items the vendor dispatches and later on checks the consistency of the product. An assessment report is made for the system and the result is compiled in the database management system.
Note: the variable overhead rate variance is said to be favorable becasue standard variable overhead rate is geater than the actual variable overhead rate.
The computation of the total conversion costs transferred out of the Canning Department equals to
= Number of units completed and transferred out × Cost per equivalent unit
= 80,000 units × $2.90
= $232,000
In order to find out the total conversion cost, we simply multiplied the number of units completed and transferred out with the cost per equivalent unit
To find the unit rate you will take the price Jerry paid and divide it by the amount in pounds of pears.
Unit rate = $4.59/5.4 lb Unit rate = $0.85
You can check your answer by multiplying the amount of pears Jerry purchased by the unit price to get the total price. (5.4 lb of pairs)($0.85) = $4.59
