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Elis [28]
2 years ago
6

Sort the following statements based on whether demand is relatively elastic or relatively inelastic. There are four pairs of sta

tements, each pair relating to a different determinant of demand elasticity.

Business
1 answer:
son4ous [18]2 years ago
5 0

The correct matching of the given scenarios are"

  • Klaus' demand for orange juice- Relatively elastic
  • Amanda's annual demand for coffee- Relatively elastic
  • Jackson's demand for mystery novels- Relatively inelastic
  • Hermy's demand for Minute Maid orange juice- Relatively inelastic
  • Olivia's daily demand for Starbucks latte- Relatively inelastic
  • Stephen spends a very little part of his income on soda- Relatively elastic
  • Xavier's demand for his economics textbook- Relatively inelastic

<h3>What is Elasticity of Demand?</h3>

This refers to the substantial change in demand of a particular product as a result of an economic factor.

With this in mind, we can see that inelastic demand has to do with the situation where the demand does not change regardless of the price change.

Read more about elasticity of demand here:

brainly.com/question/7966430

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Of customers who register a complaint, ________. all will do business with the company again because they are unwilling to dedic
andrey2020 [161]

Answer:

Some will do business with the company again if their complaint is resolved.

Explanation:

In the current situations that surrounds marketing and different businesses, it is now inevitable for customers not to complain and at such can lead to loss of customer(s).

Complaints from a customer primarily highlights a problem, this ranges from problem with your product to employees or internal processes, and also by hearing these problems directly from your customers, you can investigate and improve to prevent further complaints in the future.

That is why it is said that some customers will likely do business with the company again if their complaint are been resolved.

7 0
3 years ago
Read 2 more answers
Carmen Co. can further process Product J to produce Product D. Product J is currently selling for $23.80 per pound and costs $15
PSYCHO15rus [73]

Answer:

$20.75

Explanation:

Calculation to determine what The differential cost of producing Product D is

Using this formula

Differential cost =Revenue from sale of product D−Revenue from sale of product J

​

Let plug in the formula

Differential cost ​=$44.55−$23.80

Differential cost =$20.75

​

Therefore The differential cost of producing Product D is $20.75

7 0
3 years ago
Constructing and Assessing Income Statements Using Cost-to-Cost Method Assume General Electric Company agreed in May 2016 to con
soldier1979 [14.2K]

Answer:

Year     Costs          % Total cost           Revenue         Income

          incurred      excepted costs     recognized

          $'million          $'million              $'million          $'million

2016      336                  40%                    420                     84

2017      504                  60%                     630                   126

Total      840                 100%                   1,050                 210

<u>Workings</u>

1. % Total cost excepted costs

2016 = 336 / 840 = 0.4 = 40%

2017 = 504/840 = 0.6 = 60%

2. Revenue recognized

2016 = 1,050 * 40% = 420

2017 = 1,050 * 60% = 630

3. Income = Revenue recognized - Cost incurred

8 0
3 years ago
A customer of a brokerage firm in liquidation has an individual account with $300,000 in securities. The customer and his wife h
OLEGan [10]

Answer:

The correct answer is $1,100,000.

Explanation:

According to the scenario, the given data are as follows:

Customer account = $300,000

Joint account = $500,000

Customer's wife account = $300,000

So, we can calculate the amount that customer receive under SIPC by using the following formula:

SIPC =

  • Under SIPC each account considered as an individual account.
  • A maximum limit cover of $500,000 for cash and security for each individual account.

So, the amount that can receive by customer is:

Total Amount  = $300,000 + $500,000 + $300,000  

= $1,100,000

Hence, the total amount that customer receive under SIPC is $1,100,000.

4 0
3 years ago
In the long​ run, profits will equal zero in a competitive market because of A. constant returns to scale. B. free entry and exi
AleksandrR [38]

Answer:

I think it's b, i'm not sure.

3 0
3 years ago
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