Initial price, P₀ = $1.25
Initial demand, Q₀ = 30 million
New price, P₁ = $1.75
New demand, Q₁ = 35 million
By definition, price elasticity is

η = (5/65)/(0.5/3)
= 0.4615
Answer: η = 0.46 (nearest hundredth)
This means that greater demand makes it possible to increase the price. Usually, this is not the case because lowering the price increases sales.
Answer:
Explanation:
1. To find the cost per unit of production, first we find the total cost. So we multiply the unit of each factor used times its cost.
capital: 2*$10=$20
raw materials: 5*$4=$20
labour: 8*$3=$24
Total cost: $20+$20+$24=$64
Then we divide the total cost over the total units produced:
Cost per unit: $64/640=$0,1 Answer is B
2. If the cost per unit of raw materials increases from $4 to 8$. Then the total cost of production will be:
capital: 2*$10=$20
raw materials: 5*$8=$40
labour: 8*$3=$24
Total cost: $20+$40+$24=$84
To find how much the cost per unit will rise, to find how much it rises
64$→100%
$84←x
x=($84*100%)/$64=131.2%
131.2%-100=31.2%. The answer is B
3. Because there is a change in raw materials, then there would be changes in the supply demand. In this case, the total cost and the cost per unit increased, then it is a negative shock to the supply demand. This is represented as a shift to the left. The answer is D
Answer: Classic conditioning
Explanation: Classic conditioning is a state of mental disorder caused by some incident leading to phobias, sudden anger or sexual arousal.
In the given case, Hermes had a phobia to go to a doctor's office which is caused by some bad experiences in childhood. Thus, we can conclude that the behavior of hermes explained is an example of classic conditioning.
Answer:unearned revenue, Supplies, prepaid rent
Explanation:
Answer:
The correct answer is: Time specific, realistic and quantifiable.
Explanation:
To begin with, a good marketing campaign must follow certain objectives in order to be fully successfull or at least as high as possible. Therefore that the best objectives to look for regarding marketing expertises are the facts that the objectives are <em>realistic</em>, so that means that it can be possible done by the budget of the company; <em>quantifiable</em>, so that means that the company can measure the benefits of using the campaign and see that the costs were worthy; and finally,<em> </em><em>time specific objectives</em>, so that means that the company can know if their goals are being accomplished in the time expected.