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Mariulka [41]
2 years ago
13

Consider a public policy aimed as e-cigarettes. Assume the elasticity of demand is 0.4. If a Juul with two pods cost $40.00 and

the government wants to reduce Juuling by 20 percent then by how much should the price have to rise
Business
1 answer:
Iteru [2.4K]2 years ago
6 0

In order to reduce the Juuling by 20%, price would have to rise by 50%.

<h3>What is price elasticity of demand?</h3>

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one.

<h3>What should be the percentage rise in price?</h3>

0.4 = 20%/ price

price = 20% / 0.4

= 50%

To learn more about price elasticity of demand, please check: brainly.com/question/18850846

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The budget for making the movie The Twilight Saga: New Moon was one-fifth the budget for making Harry Potter: The Half Blood Pri
sergey [27]

Answer:

The budget for The Twilight Saga: New Moon = $50 million

Explanation:

Let the budget for Twilight Saga: New Moon = T

Let the budget for Harry Potter: The Half Blood Prince = H

We are given the following:

T=\frac{1}{5}H (The budget for Twilight Saga is one-fifth the budget for Harry Potter)

Cross multiplying the equation

5T = H  - - - - (1)

H + T = 300,000,000 - - - - - (2) (Together the budgets totaled $300 million)

Next, let us substitute the value of H in equation (2) with equation (1)

(5T) + T = 300,000,000

6T = 300,000,000

T = \frac{300,000,000}{6} \\T = 50,000,000

Therefore, the budget for The Twilight Saga: New moon = $50,000,000

And the budget for Harry Potter: The Half Blood Prince = $250,000,000

8 0
3 years ago
Donna, vice president of finance, and bob, vice president of human resources, are ____ managers.
LuckyWell [14K]

They are considered to be functional managers—a functional manager is those people with authority that are given to them in a way of controlling a certain department, business or organization, in other words, they have to manage an organizational unit.

5 0
3 years ago
Your little sister Tiffany is beginning to cause you some concern. She wants to borrow $480 from you today and promises to pay y
Ulleksa [173]
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No, I don’t think this would be a good loan to make. Even if your sister means the world to you and you believe giving her that amount of money must be for a good cause… you should find out what the loan is for. After all, your sister is a 9 year-old.

Hope it helped! Have a good day.
3 0
3 years ago
Goal B, goal C, goal D, and goal E are on a timeline from left to right, in that order. Which goal is to be accomplished first?
AlexFokin [52]

Answer: A. Goal B

Explanation: Goal B is to be accomplished first. This is because on a timeline, the events closest to the present are on the left, and the events that happen far in the future are on the right.

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When a bank has excess reserves, it can choose to turn its reserves into loans for consumers and businesses. Generally speaking,
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reduce

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Note that the bank has excess funds and thus wants to increase the number of available loans which in turn increases investment in the economy. For this strategy to work, the bank will reduce the interest rate it places on loans in order to entice its customers to procure the loans it offers.

For example, a bank that usually gives out 150 loans at 15% Interest rate may because of new banking policy and excess reserve decide to increase its loan capacity to around 300 loans per annum at an interest rate of 10%.

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