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N76 [4]
2 years ago
8

If the number of memberships at the local gym increased from 400 to 500 when the membership price fell from $48 to $40 per month

, the absolute value of the price elasticity of demand coefficient, rounded to one decimal place, is:
Business
1 answer:
masya89 [10]2 years ago
8 0

The price elasticity of demand coefficient, rounded to one decimal place is 1.5

<h3>How to calculate price elasticity of demand</h3>

Change in price = $48 - $40

= $8

% change in price = 8/48 × 100

= 16.67%

change in quantity demanded = 500 - 400

= 100

% change in quantity demanded = 100/400 × 100

= 25%

Price Elasticity of Demand = percent change in quantity ÷ percent change in price

= 25% ÷ 16.67%

= 1.49970005998800

Approximately, 1.5

Learn more about price elasticity:

brainly.com/question/24384825

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Company ZYX cash flow from Operating Activities using the indirect method are given below.

<em>Cash flow from operating activities</em>

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Adjustment For

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What steps can a nation take to achieve economic growth?
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8 0
3 years ago
Read 2 more answers
A company produces 100 cars in the year 2017 but only manages to sell 90 of the cars. In the year 2018 they sell the 10 cars tha
forsale [732]

Answer:

The question has below options:

A. The unsold cars count as inventory investment for 2017. 2018 GDP is not affected.

B.The unsold cars count as consumption spending in 2018.

C. The unsold cars count in the inventory investment category for both years and count as consumption spending in 2018.

Option B is the correct answer

Explanation:

The unsold stock of 10 cars in 2017 is classified as investment  since  the cost of producing them is expected to yield returns in 2018 when they have been sold.

However, the unsold stock of 2017 becomes 2018 consumption of GDP since it relates to household expenditure in 2018, as a result it is accorded such classification.

It cannot be classified as government expenditure as the government is not the one purchasing the vehicle

Also, the ten cars have nothing to do with import or export as they are trade within the domestic economy

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3 years ago
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melisa1 [442]
Hi and I am cool
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At the beginning of the conversation, norio wants to discuss sushi with michael, but michael is more interested in getting the c
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Based on global management, it seems Michael was not cognizant of Norio coming from a <u>high-context culture</u>.

<h3>What is global management?</h3>

Global management can be defined as an international business practice in which a business organization (company) utilizes its employees (management team) and resources to carry out its business on an international level.

<h3>What is a high-context culture?</h3>

A high-context culture can be defined as a type of cultural communication in which the people focuses on underlying context and situational cues, meaning, nonverbal cues, and tone of a message, rather than just the words themselves when communicating with others.

In this context, we can reasonably infer and logically deduce that it seems Michael was not cognizant of Norio coming from a high-context culture because he is exhibiting low-context culture characteristics, by being more interested in signing a contract.

Read more on high-context culture here: brainly.com/question/17438233

#SPJ1

Complete Question:

At the beginning of the conversation, Norio wanted to discuss sushi with Michael, but Michael is more interested in getting the contract signed. Based on what you've learned about global management, it seems Michael was not cognizant of Norio coming from a ______.

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