1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
TEA [102]
3 years ago
8

Please help me answer these questions​

Business
1 answer:
Murljashka [212]3 years ago
7 0

Answer: See explanation

Explanation:

1. Inelastic demand occurs when a change in price doesn't really have an effect on the quantity of the goods demanded. Examples of products with inelastic demand are salt and prescription drugs.

2. Elasticity for demand helps in the determination of the prices of factors of production. It is also vital in knowing how price changes will affect the revenue of the firm.

3. Normal goods are the goods that when income increases, the demand for them increases as well e.g. household appliances

For inferior goods, when Income increases, their quantity demand reduces. These are common with extremely cheap products.

You might be interested in
Many farmers practice "crop rotation" by planting a field with corn one year and soybeans the next. why might they do this?
lisabon 2012 [21]

The reason that they do this because rotating crops has the capability of keeping the nitrogen from being depleted in the soil as nitrogen fixing bacteria are likely to be found in the nodules of the roots of the soybeans and not on the corn’s roots that makes soybeans the next after the corn is planted first.

8 0
3 years ago
Pier is trying to determine which leadership style to use in making a decision that may have a major impact on his company. He’s
oksian1 [2.3K]

Answer:

The answer is: Normative leadership model

Explanation:

The normative leadership model requires Pier to analyze the following seven situations:

  1. How will my decision will affect the organization?
  2. Is it important that team members are committed to the decision making process.?
  3. As a leader, do I possess the knowledge to solve try to solve this issue?
  4. If only I are responsible for making the decision, will the rest of the team be committed to it?
  5. My team members support me and the organization?
  6. The team members possess the knowledge to try to solve this issue?
  7. Can team members unite and really work as a team to solve this issue?

Depending on what Pier believes the correct answers are for the above questions, he can decide to use one of the following decision making processes:

  1. Decide: Pier makes the decision by himself with little or no participation of the team members.  
  2. Consult (Individually): Pier consults the team members individually, deciding what information to use, and then makes a decision by himself.  
  3. Consult (Group): Pier organizes a group meeting where all members express their opinions, then decides what information is useful and makes the decision by himself.  
  4. Facilitate: Pier organizes a group meeting and presents his opinion and every group member participates. The decision is made by group consensus.
  5. Delegate: Pier leaves the decision making process entirely to the group members and doesn't participate in it.
6 0
3 years ago
T or F #2 ASAP<br> One reason for placing a tariff on imports is to increase imports.
frozen [14]

Answer:

False

hope that helps uhh !!!

6 0
3 years ago
A purchaser paid $403.10 for a TV that cost the seller $290. If the seller's markup was 39% of the $290 cost, then what would be
CaHeK987 [17]

Percent markup based on the selling price: 28.1%

Explanation:

The cost of the TV for the seller was

c=\$290

Of this, the markup of this price was 39%. Therefore, the value of the markup (in dollars) with respect to the cost for the seller was

m=0.39\cdot 290 =\$113.1

So, this was the markup relative to the cost for the seller.

The price paid by the purchaser instead is

p=\$403.1

Therefore, the percent markup based on the selling price (paid by the purchaser) is:

\frac{m}{p}\cdot 100 = \frac{113.1}{403.1}\cdot 100 =0.281\cdot 100 = 28.1\%

Learn more about percentages:

brainly.com/question/82877

brainly.com/question/1834017

#LearnwithBrainly

5 0
3 years ago
0. Westcomb, Inc. had equity of $150,000 at the beginning of the year. At the end of the year, the company had total assets of $
Nadusha1986 [10]

Answer:

18.24

Explanation:

Sustainable growth rate is the rate of growth a company can afford in the long term

sustainable growth rate = retention rate x ROE  

b = retention rate. It is the portion of earnings that is not paid out as dividends

Retention rate = 1 - payout ratio =

payout ratio = dividend / net income

retention rate = 1 - $44,640 / 72,000 = 0.38

Return on equity = net income / average total equity

= 72,000 / 150,000 = 0.48

g = 0.48 x 0.38 = 18.24%

3 0
3 years ago
Other questions:
  • Describe three different ways decision makers might select projects while considering both financial and non-financial factors
    13·1 answer
  • A customer comes into the store to return a gallon of milk. She says she bought it earlier today, but the due date on the gallon
    11·1 answer
  • A teacher is working to teach a student with intellectual disability new skills. given the student's functioning level, the teac
    15·1 answer
  • Linkedin receives more than __________ of its visitors from countries like costa rica, malaysia, singapore, and the united kingd
    10·1 answer
  • What if the meaning of the cumulative EAC (cell M105) at the conclusion of Period 6?
    8·1 answer
  • Which of the following industries is most likely to exhibit the characteristic of free entry? a. nuclear power b. municipal wate
    5·1 answer
  • Vaughn’s Manufacturing Company can make 100 units of a necessary component part with the following costs: Direct Materials $1270
    7·1 answer
  • An appliance store sells 500 units of a particular type of dishwasher each year. The demand for this product is essentially cons
    6·1 answer
  • BUS208 Case Studies in Business Administration
    9·1 answer
  • Company officers will have direct involvement with their assigned personnel and should have knowledge of organizational policies
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!