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lozanna [386]
3 years ago
9

When your local Internet service provider increased its monthly charge from $40 to $50, the number of subscribers fell from 2,00

0 to 1,800. Demand will:_________
Business
1 answer:
love history [14]3 years ago
7 0

Answer: Inelastic

Explanation:

Based on the information given, we would calculate the elasticity of demand which would be:

= (Change in Quantity / Change in Price) (Initial Price/ Initial Quantity)

Change in Quantity = 1800 - 2000 = -200

Change in Price = 50 - 40 = 10

Initial Price = 40

Initial Quantity = 2000

Elasticity of demand would then be:

= (-200/10)(40/2000)

= (-20)(0.02)

= -0.4

Since elasticity of demand is less than 1, it is an inelastic demand.

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What is the difference between Singapore's economy and the US's economy
marusya05 [52]

Answer:

I hope this helps.

Singapore today, it is one of the world's fastest-growing economies. Its GDP per capita has risen to an incredible U.S. $60,000, making it one of the strongest economies in the world. With the US the growth in GDP - the value of goods and services in the economy - has generally been strong. The most recent data shows a 3.1% growth for the first quarter of 2019. This is lower than the 2018 peak of 4.2% (second quarter), which has been the highest level achieved during President Trump's administration.

Explanation:

4 0
4 years ago
Indicate the proper accounting treatment for a change in the rate used to compute warranty costs.
Lana71 [14]

Answer:

a. Accounted for prospectively

Explanation:

Warranty cost is an expense i.e. to be incurred for the repair or replacement of the goods comes under the warranty given by the company.

Here if there is a change in the rate i.e. used for determining the warranty cost so it would be accounted in prospectively manner i.e. it would be changed in the current period and also the amount should be estimated or predicted

Hence, the correct option is a.

7 0
3 years ago
A company's net profit Margins M, expressed as a percent is determined using the formula M = 100l/R where I represent net income
Nikitich [7]

Answer:

3.37%

Explanation:

M = 100l/R.

M = 100 x $254,000 / $7,548,000 = 3.3651...

Rounding to the nearest hundredth, we get the net profit margin is 3.37%.

5 0
3 years ago
When Krispy Kreme decided to expand its operation internationally, it chose to first make its doughnuts available in Canada to m
Otrada [13]

Answer:

The answer is E.

Explanation:

Licensing is a business arrangement in which one company(Krispy Kreme) authorizes another company(Canadian company) permission to manufacture its product for a specified payment. The benefits for licensing are:

1. To create business opportunities by expansion

2. It makes an entry into foreign market easier

3. It reduces risk for the two parties.

5 0
4 years ago
What happens when employer recives a osha citation?
Fynjy0 [20]
OSHA citations inform the employer and employees of the regulations and standards allegedly violated. if they receives an osha, its the responsibiity of the employer to post the citation near the location of the violation and all employees need to be aware of the potential hazards
4 0
4 years ago
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