Answer:
$3.62
Explanation:
Elasticity of demand = percentage change in quantity demanded/ percentage change in price
1.3 = 60% / percentage change in price
Percentage change in price = 60/1.3
=46.15%
Price has to rise by 46.15% or 0.4615
0.4615 = (x - 2.48) / 2.48
1.14 = x - 2.48
X = 3.62
Price has to rise to $3.62 to achieve a 60% reduction.
I hope my answer helps you
Answer:
The answer is Profit. more specifically, its the "Operating Profit".
Explanation:
the operating profit measures the initial profit from sales/revenues and the cost of production. However, this does not include periodic expenses such as administration costs, financial costs and distribution costs.
<span>This is the termination step in the "stages of change" model. This step is the final stage, in which the person is assured in the fact that the unhealthy behavior will not relapse. This typically only occurs after having integrated healthy behaviors into one's routine for at least 6 months without a relapse.</span>
Answer:
The relevant cost of the 150 kilograms of the raw material when deciding whether to proceed with the special project: $979.
Explanation:
We do not use the original cost $2,236 because it is sunk cost.
We do not use market value because Otool Inc. does not either incur this cost nor sacrifice any benefit from not buying at market price.
The relevant cost of these raw material should be the benefit sacrificing from not selling the raw material, instead using it in the project; calculated as:
Selling price x Amount sold - Cost of delivery = 7.1 x 150 - 86 = $979.
Thus, the answer is $979.
<span>Global temperature trends can be inferred from changes in fossils and chemical isotopes found in sediments and glacial ice</span><span>
If I managed to help you, please make sure to mark my answer as the "Brainliest" answer. Thanks! :)</span>
