Answer:
B. the percentage change in quantity demanded exactly offsets the percentage change in price
Explanation:
Unit elastic demand is an economic theory that assumes a change in price will cause an equal proportional change in quantity demanded.
Answer:
$604,035
Explanation:
The computation of the direct materials purchases budget is shown below:-
Total Wax Required 490,625 Pounds
(785,000 × 10 ÷ 16)
Add: Ending Inventory 125,00 Pounds
Total Units Available 503125 Pounds
Less: Beginning Inventory 16,000 Pounds
Total Pounds to be Purchased 487,125 Pounds
Unit Price $1.24 per Pounds
Total Direct Materials Purchased $604,035
(487,125 × $1.24)
Answer:
c. $5,000
Explanation:
Bruce can deduct loss of $5,000
Answer: (C) Perceived value
Explanation:
The perceived value is the term which is basically refers to the marketing terminology in which the users or the consumers evaluates the products and the services ability so that it meets their specific requirement and the needs.
According to the question, Stanley is basically purchasing the pen based on the perceived value based on his expectations. It is also helps in analyzing the actual quality of the given products by comparing with the other brands.
Therefore, Perceived value is the correct answer.
