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Alex
2 years ago
14

Which business function is concerned with delivering a product or service to customers?

Business
1 answer:
Gwar [14]2 years ago
4 0

Answer:

Production

Production departments or companies are the manufacturing branches of a business to produce products or delivery of services to customers

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The aggregate demand curve slopes downward indicating that
Likurg_2 [28]

Answer: Diminishing marginal utility.

Explanation: The demand curve tends to slopes downward because of diminishing marginal utility and it also slopes downwards because of the substitution and income effects.

4 0
2 years ago
Priscilla is in the 8th grade. her group of friends has recently started shoplifting at departmental stores. according to resear
Igoryamba
Either join, grow more susceptible to stealing, or get caught with them even if she didn't join.
7 0
3 years ago
Technological advances are difficult to predict. One great advance can replace or substitute for existing products in a relative
deff fn [24]

Answer:

The answer is: 3) Printed media

Explanation:

This is already happening, cell phones and tablets have already replaced digital cameras, Netflix is replacing cable TV and sooner than later cell phones and tablets will replace printed media completely.

Ask yourself, when was the last time you bought a newspaper? I haven´t bought a newspaper in years but I can also guarantee that I read more news outlets today that ever before. I can read the New York Times, The Washington Post, Sports Illustrated, etc. all on my cellphone. Using my phone is cheaper and faster (and also more ecological) than buying a printed version. In a few years probably no newspaper will have a printed edition, not even magazines will be printed anymore.

5 0
3 years ago
Quantity demanded price quantity supplied 45 $10 77 50 8 73 56 6 68 61 4 61 67 2 57 refer to the data. suppose quantity demanded
saul85 [17]

a. When the demand increases by 12 units, the equilibrium price rises to $6.2093 and the equilibrium quantity rises to 67.7442 units.

b. The price elasticity of supply (PES) at equilibrium is 0.20. Since the price elasticity is less than 1, we conclude that supply is inelastic.

From the given data, we can see that the equilibrium price is $4 and the equilibrium quantity is 68 units.

If the demand increases by 12 units at each point of price decline, the demand equation will be :

Qd = 105 - 6P

and the supply equation will be:

Qs = 51.6 + 2.6P

Since Quantity demanded and supplied are equal at equilibrium, we can equate the demand and supply equations and solve for price (P). Equating the two equations above, we get,

105-6P = 51.6 +2.6P

53.4 = 8.6P

P = $6.2093

Substituting the value of P in the demand equation, we get,

Qd = 105 - (6*6.2093)

Qd = 105 - 6P

Qd = 67.7442 units

b. Calculation of Price Elasticity of supply at equilibrium level.

P₀ = $4

Q₀ = 61

P₁ = $6.2093

Q₁ = 67.7442

% change in quantity = [ (Q_1 - Q_0) / Q_0 ] * 100

% change in quantity = 11.05607%

% change in price = [ (P_1 - P_0) / P_0 ] * 100

% change in price = 55.2325%

Price Elasticity of Supply (PES):

PES  = % change in quantity / % change in price

PES = 11.05607% / 55.2325%

PES = 0.20

8 0
3 years ago
The goal of operations management is to produce a good or service at the highest possible cost while maintaining the lowest poss
Sophie [7]
That answer is True because it says that the lowest possible quality and it is true
4 0
2 years ago
Read 2 more answers
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