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mash [69]
4 years ago
9

The income elasticity of demand for a food is unity. a consumer's monthly income is $2,000, of which 20 percent is spent on food

. if income doubles, the amount spent on food will be:
Business
1 answer:
Anna11 [10]4 years ago
8 0
Obviously, it becomes half so it'll be 10%
Forgive me if its wrong. im answering as best as i can.
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Garden Variety Flower Shop uses 900 clay pots annually. The pots are purchased at $2 each. Annual carrying costs per pot are est
wel

Answer:

EOQ= 255 units

Explanation:

<u>Economic order quantity (EOQ)</u> is the ideal order quantity a company should purchase to <u>minimize inventory</u> costs such as holding costs, shortage costs, and order costs.

<u>To calculate the EOQ, we need to use the following formula:</u>

Economic order quantity (EOQ)= √[(2*D*S)/H]

D= Demand in units

S= Order cost

H= Holding/carriying cost

EOQ= √[(2*900*20)/0.6]

EOQ= 255 units

5 0
3 years ago
Research three successful entrepreneurs. Directions Use the Internet to research any three successful entrepreneurs of your choi
Natalka [10]

Conducting research on three successful entrepreneurs, we came to three relevant names in the current scenario, which are Jeff Bezos, Steve Jobs and Mark Zuckerberg.

Now let's briefly learn a little more about the profile of each of them:

<h3>Jeff Bezos</h3>

Jeff Bezos is the richest man in the world right now. His success story begins with the visionary idea of ​​founding Amazon in 1994, the pioneer in e-commerce in the world.

The essential characteristics of Bezos to be so successful were his visionary, methodical and innovative personality, since already at the beginning of his entrepreneurial trajectory, he was transparent with the shareholders that the company would take at least five years to generate profits.

<h3 /><h3>Steve Jobs</h3>

He founded Apple in 1976, one of the most valuable computer companies in the world, whose products revolutionized the history of personal computers, cell phones, music, etc.

Jobs' characteristics that helped him to create a successful brand were his persistence, hard work and perfectionism with which he performed his tasks.

<h3>Mark Zuckerberg</h3>

He became known for being the creator of faceb00k in 2004, the most accessed social network in the world, which expanded rapidly, with the acquisition of the most downloaded apps of the decade and made Zuckerberg one of the most successful entrepreneurs of the world.

His reserved and work-focused personality meant that he took advantage of opportunities to improve and extend his business, from acquiring new social media and innovating his company to a media and technology conglomerate.

Therefore, through the profile of these three famous entrepreneurs, it is possible to perceive similar character traits that were vital to the success of their companies, such as being a visionary leader, seeing unique opportunities to innovate through persistence and hard work.

Find out more information about entrepreneurship here:

brainly.com/question/353543

6 0
2 years ago
Generally it is thought that assignment of property rights leads to efficient use of resources. We noted two cases however (the
malfutka [58]

Answer:

Explanation:

This could be due a number of factors.

1 Externality effect

2 There could also be market failure, when property rights are not properly defined.

Externality is the effect of a third party on a property right, when all parties cannot come to an agreeable resolution on properties this could lead to inefficient use of land.

Also when the property rights are not put in place its difficult to come to a resolution that satisfies all parties.

4 0
3 years ago
Cameroon Corp. manufactures and sells electric staplers for $17.00 each. If 10,000 units were sold in December, and management f
Monica [59]

Answer:

d. Sales in Dollars February = $180353

Explanation:

The new Sales or the sales budgeted for January will be 3% higher than that for December. If December sales were of 10000 units, then the January sales will be of 10000 * 103% = 10300 units.

The budgeted sales for February will be 103% of January sales.

Budgeted sales- Feb = 10300 * 103% = 10609 units

The selling price is assumed to stay constant at $17 per stapler.

Sales in Dollar-February = 10609 * 17 = $180353

6 0
3 years ago
John and Karl can live together in a two-bedroom apartment for $500 per month, or each can rent a single-bedroom apartment for $
tester [92]

Explanation:

A: Together their flat is $500, however if they were to live separately it'd be $350 per month. 350x2= 700. They save $200 by sharing a flat. However, if Karl plays John $175 a month to keep the dirty dishes away, then 200>175. Therefore, they should live together.

Karl could just live alone and pay the $350 to live alone with no dish problem.  Since Karl will play $175 to rid the dish problem the highest rent he'll pay is 350-175=175. John would pay 500-175=325<350 this shows it better for John to live with Karl.

B: If living alone, John would pay £ 350. The highest monthly rent he would be willing to pay for the shared apartment is: £ 350- £ 30 = £ 320. This means that Karl would need to pay at least: £ 500- £ 320 = £ 180. But the highest monthly rent Karl would be willing to pay is : £ 175. They should live separately.

hope this helps you out a bit, I know its a lot. But its math, what do we expect. lol

6 0
4 years ago
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