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kolbaska11 [484]
3 years ago
10

Suppose that your demand schedule for dvds is as follows: price quantity demanded (income = $10,000) quantity demanded (income =

$12,000) $8 40 dvds 50 dvds 10 32 45 12 24 30 14 16 20 16 8 12
a. use the midpoint method to calculate your price elasticity of demand as the price of dvds increases from $8 to $10 if (i) your income is $10,000 and (ii) your income is $12,000.
b. calculate your income elasticity of demand as your income increases from $10,000 to $12,000 if (i) the price is $12 and (ii) the price is $16.
Business
1 answer:
Dovator [93]3 years ago
4 0
12,000.+ 10,000 = 13,000 price is $12 and (ii) the price is $16.
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Your phone service provider offers a plan that is classified as a mixed cost. The cost per month is $50 flat rate for the first
fomenos

Answer:

$120

Explanation:

The computation of the cost is shown below:

= Cost per month flat for 1,000 units + extra cost if exceeded 1,000 minutes

where,

Cost per month flat for 1,000 units = $50

And, the extra cost is

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So, the total cost is

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The 200 minutes is come from

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3 years ago
Both the Onus ferry operator in the monopoly market and each of the Yuri ferry operators in the perfectly competitive market wil
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Answer: Please refer to Explanation.

Explanation:

Monopoly.

The 2 reasons why the monopoly’s marginal revenue will always be less than its price are;

a) Even though Monopolies have very large influence on the prices of goods and services they offer, for a Monopoly to sell more goods, they generally have to lower their prices. This will lead to a situation where Marginal Revenue, which is the additional revenue made per additional unit sold will be less than Price because additional revenue for a new unit will be less than the last one because prices are dropped .

b) A Monopoly's demand schedule is downward sloping. This means that demand rises as prices drop. As prices drop therefore, more goods will be sold but the marginal revenue will be less because prices had to be dropped to get an additional unit to be sold. That unit therefore will bring in less revenue than the last unit.

Perfectly Competitive Market

In such a market, the seller is a Price Taker. This means that sellers in this market do not sell at a price that they want but rather at a price the market has established to be the Equilibrium. This is because of the high competition in the market. Since they are all selling at the same price, this means that every additional revenue they get is the same as the price the market charges. This means that Price equals Marginal Revenue in this market.

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3 years ago
In an outsourcing decision, developing and negotiating the outsourcing contract: is not an area where supply managers believe th
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Answer:

The correct answer is is of less strategic importance than identifying opportunities for outsourcing.

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A random sample of 84 shoppers were interviewed and 51 said they prefer to shop alone rather than with someone else. let p repre
Dmitry [639]
The point estimate or p hat is a single value that shows the best estimation of a certain parameter among a population.

To calculate point estimate, we divide the parameter by the whole population.

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Match the academic requirements with the careers :
Vedmedyk [2.9K]

Answer:

a. Equal opportunity officer-Bachelors degree

b. Court reporter- Tech program

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Explanation:

a. Equal opportunity officer

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2. Offer advice to staff regarding equal opportunity practice at the workplace.

3. They work with other organizations that are also involved in equal opportunities.

4. They make sure that when there is a promotional opportunity, it is handled fairly.

5. Training courses regarding equal opportunities are designed and led by equal opportunity officers.

The minimum academic qualifications for becoming and equal opportunity officer is a Bachelors degree.

b. Court reporter

Court reporters are charged with the responsibility of transcribing oral information during a court session. They are also known as stenographers or steno-type operators. Some court reporters also offer real-time video-captioning for television proceedings. The y have the following duties;

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2. Make written transcripts during court events

3. They can also request speakers to repeat inaudible speech or statements

4. Once the transcripts are written they also review them for typing errors.

Court reporting is a hands on career that needs a lot of training in typing and listening. The academic qualifications usually considered here is a Tech program where aspiring candidates are trained on how to be an effective court reporter.

c. Security officer

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2. Sounding alarms to alert others.

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4. Ensures security in building premises by patrolling the premises.

A security officer is an entry-level career that mostly requires a high school diploma.

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