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Travka [436]
3 years ago
10

Explain the importance of elasticity​

Business
2 answers:
Georgia [21]3 years ago
8 0
Elasticity of demand can help us decide which prices are suitable for the products we sell. If a price is inelastic even when the price goes up, it tells the business that they can increase the price if they want however if the price is elastic, it will change drastically when prices go up. This means businesses would have to find the equilibrium price where demand and supply meets in the middle.
hope this helps x
erma4kov [3.2K]3 years ago
5 0
Elasticity is important to pricing decisions because it helps us understand whether raising prices or lowering prices will enable us to achieve our pricing objectives.
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Which one of the following statements does NOT describe a problem with using ROE as a performance measure? A. ROE measures retur
Ne4ueva [31]

Answer:

B) ROE is a forward-looking, one-period measure, while business decisions span the past and present

Explanation:

ROE is a forward-looking, one-period measure, while business decisions span the past and present, this statement does not describe a problem with using ROE as a performance measure.

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3 years ago
GDP, or Gross Domestic Product is (most precisely) defiend as Your answer: value of all final goods and services produced for th
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GDP is the total market value of all final goods and services produced within a country in a given period of time.
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3 years ago
Given the following data: Treasury Bill Maturity DTM Bid Asked Mar 90 1.20 1.15 If you invest $10,000 today at the risk-free ra
Oksi-84 [34.3K]

Answer: $10029

Explanation:

Based on the information given in the question, if $10000 is invested today at the risk-free rate, the amount that'll be received in 90 days will be calculated thus:

= Investment × (1 + Asked) × (DTM/360)

= 10000 + (1 + 0.0115) × (90/360)

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Therefore, the answer is $10029

7 0
3 years ago
All of the following qualifications are mandatory for apprenticeships sponsored by the National Electrical Contractors Associati
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The Dawson Company manufactures small lamps and desk lamps. The following shows the activities per product and the total overhea
Nadusha1986 [10]

Answer:

235,000 total overhead

Explanation:

First we calculate the rate for activity

\left[\begin{array}{cccc}&Cost&Pool&Rate\\Setups&60,000&24,000&2.5\\Inspections&120,000&24,000&5\\Assembly&280,000&28,000&10\\\end{array}\right]

Next, we apply this rate to desk lamp

\left[\begin{array}{cccc}&Rate&Desk&Overhead\\Setups&2.5&16,000&40,000\\Inspections&5&15,000&75,000\\Assembly&10&12,000&120,000\\\end{array}\right]

Total Overhead will be the sum of each activity overhead

40,000.00 + 75,000.00 + 120,000.00 = 235,000 total overhead

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3 years ago
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