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slamgirl [31]
3 years ago
12

For a test plz help

Business
1 answer:
AfilCa [17]3 years ago
4 0

Answer:

it is one no ans the government

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Label demand as elastic, unit elastic, or inelastic for each scenario. Use the midpoint method when applicable to calculate the
oksian1 [2.3K]

Answer:

  1. Contain Yourself!, a plastic container company, raises the price of its signature Lunchbox container from $3.00 to $4.00 . As a result, the quantity sold drops from 20,000 to 15,000 = unit elastic
  2. Economists working for the United States have determined that the elasticity of demand for gasoline is 0.5 = inelastic
  3. Capital Metro decides to increase bus fare rates from $2.00 to $2.21 . Consequently, the number of passengers who decide to take the bus in Austin drops from an average of 70,000 riders a day to an average of 61,000 riders a day = elastic

Explanation:

  1. The demand for unit elasticity is an intermediate situation between an elastic and an inelastic demand curve, in which the price elasticity is equal to one, which means that given variations in the price, the total income does not change (price per quantity). Eslasticity=1
  2. Demand is inelastic when the percentage variation of the quantity demanded is less than the percentage variation of the price. Elasticity less than 1
  3. Elastic demand is when a small variation in the price causes a more than proportional change in the quantity demanded. Elasticity more than 1

7 0
4 years ago
Flyaway Travel Company reported net income for 2021 in the amount of $100,000. During 2021, Flyaway declared and paid $3,125 in
Orlov [11]

Answer:

$1.49

Explanation:

Flyaway Travel Company

$100,000 – $3,125

=$96,875

= $50,000 + (20,000 x 9/12)

=$50,000+$15,000

=$65,000

Hence:

$96,875÷$65,000

=$1.49

Therefore 2021 basic earnings per share will be $1.49

8 0
3 years ago
Tyrell Corporation is an electronics company based in the country of Palmia. The company has manufacturing facilities in four ot
Sauron [17]

Answer: global-standardization

Explanation:

Global Standardization strategy simply refers to when standard marketing can be used on the international scene. Global standardization works for different cultures and help in the promotion of a product.

We can see that Tyrell uses sane standards for the countries it's involved in without much differentiation. This is global standardization strategy.

3 0
3 years ago
You are trying to get a group of students interested in forming an organization to help fight fee increases at your college. Unf
Studentka2010 [4]

Answer:

The correct action is the option B: Don't talk about taking action. Instead, get to know your team members better.

Explanation:

To begin with, if the person is trying to create a group that is involved in the situation and works together then the best option to take at the beginning would be to get to know them better, so in that way the person would understand them and know what motivates each one the members in order to make them understand as well why would be benefitial for everybody to fight the fee increases and he can do that by explaining to everyone how those increases would impact in what motivates them the most. So that is why, is better to understand them and explain them later how to take action.

3 0
3 years ago
If the demand for textbooks is inelastic, then a decrease in the price of textbooks will
Dmitrij [34]

Answer:

decrease total revenue of textbook sellers. 

Explanation:

Demand is inelastic if a change in price has a very little effect on the quantity demanded.

If price is reduced, the quantity demanded of textbooks would change by a little amount, so total revenue would fall due to a reduction in the price of textbooks.

Total revenue = price × quantity

5 0
4 years ago
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