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Sergio [31]
3 years ago
8

Suppose that a restaurant uses a focus group of regular customers to determine how many customers would buy a proposed new menu

item at various prices. Can this information be used to estimate an inverse demand​ curve? A demand​ curve? Explain briefly. Asking how many customers would buy a proposed new menu item at various prices can be used to estimate A. the inverse demand​ curve, and the demand curve can be calculated from it. B. only the inverse demand curve. C. neither the demand curve nor the inverse demand curve. D. only the demand curve. E. the demand​ curve, and the inverse demand curve can be calculated from it.
Business
1 answer:
lana [24]3 years ago
4 0

Answer:

E. the demand​ curve, and the inverse demand curve can be calculated from it.

Explanation:

A demand function helps to show the relation between quantity demanded and price, the price here is the quantity is a function of price. So, writing the function in other way round, the price which is a function of quantity demanded is called as an inverse demand function.

As per the details given in the question above, it is clear that the quantity is a function of price. The prices on the menu varies and the quantity demanded is determined through various prices. Using this a demand function can easily be computed since quantity is a function of price.

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Sustainability is:
daser333 [38]

Answer:

Option c) the ability to sustain long term bottom line growth with stable supply base.

Bottom line or the triple bottom line includes three-dimensions people, profit and planet. TBL focuses on such sustainability by understanding the impact of organization's activities on profitability, society and the environment altogether.

8 0
3 years ago
Consider the following pairs of items: a. shampoo and conditioner b. iPhones and earbuds c. a laptop computer and a desktop comp
Travka [436]

Answer:

e. air-travel and weed killer

Explanation:

Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.

If the cross price elasticity is zero, there is no relationship between the pair of goods

If cross price elasticity of demand is positive, it means that the goods are substitute goods.  

The cross price elasticity of beef and pork and a laptop computer and a desktop computer should be positive

If the cross-price elasticity is negative, it means that the goods are complementary goods . The cross price elasticity of an iPhones and earbuds should be negative

6 0
3 years ago
In a business plan proposal, what is an example of Investment requirements &Interest Cost?
Rom4ik [11]

Answer:

<em>Gather all your company's existing information, including data on your business's revenue, operating budget, expansion plans, and so on. Integrate your goals, data, and financial needs into a concise, clean presentation. Research thoroughly any investor you plan on presenting your investment proposal to.</em>

7 0
2 years ago
Nitrous oxide (N20) is also called "laughing gas." It can be prepared by the thermal decomposition of ammonium nitrate(NH4NO3).
katrin [286]

Answer:

(a) 2NH4NO3 = 2N2O + 4H2O

(b) 20.24 grams

Explanation:

(a) 2 moles of ammonium nitrate decomposes to form to 2 moles of nitrous oxide and 4 moles of water.

(b) From the equation of reaction,

2 moles of NH4NO3 are used up to form 2 moles of N2O

0.46 mole of NH4NO3 would yield 0.46 mole of N2O

Mass of N2O formed = number of moles × MW = 0.46 × 44 = 20.24 grams

6 0
3 years ago
David, an Alabama resident, files suit in an Alabama court against QuickAds, an internet company based in Georgia that provides
Katena32 [7]

Answer:

b) not likely to have jurisdiction over the case because QuickAds is based in Georgia.

Explanation:

The Alabama court only has jurisdiction in actions that were performed within the boundary of the state of Alabama. Although David is a resident of Alabama, his law suit is likely due to actions carried out in Georgia where QuickAds the internet company is based.

Also QuickAds only contact with persons in Alabama has been through QuickAds passive advertising.

In this scenario the case can be tried in federal court because it can handle cases across state borders.

5 0
3 years ago
Read 2 more answers
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