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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 long-run aggregate supply curve
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Answer:

Option 1 - The long-run aggregate supply curve  is very sensitive to changes in the price level.

Explanation:

The long-run aggregate supply curve, LRAS, is a curve that reveals the relationship between the price level and real GDP that would be supplied if all prices, including nominal wages, were fully flexible; price can change along the LRAS, but the output cannot because output reflects the full-employment output.

Therefore, the long-run aggregate supply curve is very sensitive to changes in the price level.

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3 years ago
Zen Co. sells a copier machine for $2,000. The copier cost Zen $6,000 and at the time of sale, accumulated depreciation was $2,5
Alenkinab [10]

Answer:

The correct option is: Debit to Loss on Disposal of Machinery for $1,500.

Explanation:

As at the time of sale, the net book value (cost - accumulated depreciation) of the copier machine was $3,500 ($6,000 - $2,500). Then, the proceed from sale is $2,000. The full accounting entries to record the transaction will be:

Debit Accumulated depreciation                          $2,500

Debit Cash (sales proceed)                                   $2,000

Debit Loss on disposal of machinery                    $1,500

Credit Fixed asset (cost - copier machine)           $6,000

<em>(To record disposal of copier machine)</em>

8 0
3 years ago
Dev is a strategist for the firm Stark Industries, which produces high-quality HD movie cameras. This company needs a specific m
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Answer: A. Stark industries should acquire LENS

Explanation:

Based on the information given in the question, the best strategy that Dev should suggest is that Stark industries should acquire LENS.

Since Stark Industries require the material from LENS and it's difficult to trade, the best option is to acquire it. The acquisition will make the production of the high-quality HD movie cameras easier.

It should be noted that entering into a competition with LENS is not advisable as that'll lead to the material not gotten. Also, a short or long term agreement isn't advisable as well.

Therefore, the correct option is A.

5 0
3 years ago
Elaborate on two instances at the workplace where "silence is golden " may be applicable.
andrey2020 [161]

Answer:

"Silence is golden" teaches that it is not everytime that somebody must say something.  At times, it is better to keep quiet and listen to others and the environment instead of talking meaninglessly.

At the workplace, it is better to apply this "silence is golden" rule instead of asking or making unrelated questions or comments.  Relevance is important in communication.  Off-handed revelations can be offsetting and can damage one's character, if left unchecked.  If you want to ask a question in any situation, please ensure that the question is related to the topic under discussion.  If you want to make a comment during departmental meetings, first make the comment in your head and evaluate its relevance to the subject being discussed.  After your evaluation, you may discover it was not necessary to ask the question or make the comment, then withdraw it.  Do not fall into the habit of asking irrelevant questions or making unnecessary comments because you want your voice to be heard.  We learn more from listening to others than from talking.

Another instance were "silence is golden" is when you are under emotions.  Hold yourself in check at such moments and do not allow yourself to ask questions or make comments that will hurt the feelings of those around you.  Some people are sentimental and will not appreciate nor excuse such remarks.  Hold your tongue.  Cry if you must, but do not voice out your emotions without control.  People do not easily forget such remarks even though they realize that you were emotionally charged.  Let your peace reign in your heart.

Explanation:

A workplace is not the most appropriate place to voice out some thoughts.  You must recognize your purpose of being there in the first instance: to work and earn a living.  So, simply do that.  Do not be known as a talkative.

3 0
3 years ago
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