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Sergio [31]
2 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]2 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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What is the advantage of a variable-interest
quester [9]
A variable rate loan can result in a lower payment in the short-term but carries a risk that the rate could rise during the long-term and produce significantly higher payments.
3 0
3 years ago
Kayleigh is looking over a number of material requisition slips from her employees. She has to sign off on each request after re
DiKsa [7]

Answer:

(C) Yes, most companies allow the responsibility to rest with the requester and the receiver of the material requisition slip.

Explanation:

As Kayleigh is looking over a number of material requisition slips from her employees. She has to sign off on each request after reviewing it, which she thinks is a waste of time and effort. Kayleigh believes that having the name of the employee who requested the materials should be enough. Yes, it is very much true and correct because many companies allow the responsibility to rest with the requester and the receiver of the material requisition slip. Some companies do not want that process to become to become much hectic and lengthy for its management as well as workers. If this process is being followed then less time will be taken to complete the overall project and both the time and cost can be saved to make overall project more effective and efficient as well.

8 0
2 years ago
Irwin Company has budgeted direct labor hours for the coming three months as follows: July, 6,500 hours; August, 8,100 hours; an
Effectus [21]

Answer:

the  budgeted manufacturing overhead for August is $40,030

Explanation:

The computation of the budgeted manufacturing overhead for August is shown below:

= Budgeted manufacturing overhead + direct labor hour rate × direct labor hours for august

= $13,300 + $3.30 × 8,100 hours

= $13,300 + $26,730

= $40,030

Hence, the  budgeted manufacturing overhead for August is $40,030

8 0
3 years ago
Gavin is creating a Google Display Ads campaign designed to drive sales on his website. He wants to reach potential customers wh
MrRa [10]

Answer:

Remarketing

Explanation:

The remarketing is a marketing technique in which the company could able to see that how many people visited on their site , actually visited , and whether any action is taken on the website so that they could analyze the visitors per hour or per day as per their convenience and according to that they motivate the customers via connecting through social media to purchase the company products so that the company could able to increase their sales

So in the given situation, since the Gavin is creating a Google Display Ads campaign designed with a view to increasing the sales and wants to reach the potential customers and convenience them to purchase their products by applying the discount code

Therefore, for this, the remarketing is a good option

7 0
3 years ago
On december 1 victoria company signed a 90 day 4% note payable with a face value of 15,000 what amount of interest expense is ac
xz_007 [3.2K]

Interest Expense

The cost of borrowing money is referred to as interest expenditure. Interest expenditure in the income statement might represent the cost of borrowing money from banks, bond investors, and other sources.

Main Content

$50

A note payable is a type of financial instrument. In this case, the note payable is due in three months. So, after one month, we will record the following interest on the note payable:

15000*4%*(3/12) = 150

For 1 month = 150/3  =  50

The note payable was sold on December 1, and we must calculate its interest on December 31, which is one month later. As a result, we will divide total interest 150 by 3. This will provide us with one month's interest.

To learn more about Interest Expense

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4 0
2 years ago
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