In a market where sellers are oligopolists and try to increase the price of goods they sell, the goal of buyers who are oligopolists would typically be to minimize costs and maximize their bargaining power in order to secure the most favorable prices and supply conditions for the goods they purchase.
The primary goal of buyers in an oligopolistic market is to minimize their costs while maximizing their bargaining power.
This means that they need to find ways to reduce their expenses, such as by negotiating with suppliers to lower prices or by finding alternative suppliers that offer lower prices.
Buyers may also seek to increase their bargaining power by consolidating their purchasing power or forming alliances with other buyers to negotiate better deals.
To achieve these goals, buyers in an oligopolistic market need to have a good understanding of the market and the behavior of their suppliers. They need to be aware of market trends, such as changes in supply and demand, as well as the pricing strategies of their suppliers.
This requires careful analysis of market data and a deep understanding of the industry and its key players.
Buyers in an oligopolistic market may also need to be prepared to make strategic investments in order to secure their supply chain and ensure that they have access to the goods they need at favorable prices.
This may involve investing in technology or infrastructure that improves their ability to negotiate with suppliers, as well as building strong relationships with key suppliers that can provide them with reliable and cost-effective supplies.
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President Alice Pieszecki divides the Department of Education into two bureaucratic agencies: the Department of K-12 Education and the Higher Education Agency. She hopes that by separating the department into two agencies, she can get the Higher Education Agency to work on addressing student loan debt.
This scenario illustrates:
The scenario illustrates the use of bureaucratic restructuring, specifically dividing a department into separate agencies, to focus on addressing a specific issue, in this case, student loan debt.
Bureaucratic restructuring involves making changes to the organizational structure of government agencies to improve efficiency or address specific challenges. In this scenario, President Alice Pieszecki divides the Department of Education into two agencies: the Department of K-12 Education and the Higher Education Agency.
The purpose of this restructuring is to prioritize and concentrate efforts on addressing student loan debt. By creating a dedicated agency, President Pieszecki aims to enhance focus, expertise, and resources specifically directed towards tackling this issue. This restructuring strategy is a deliberate attempt to optimize the bureaucracy's ability to address and find solutions for the problem of student loan debt.
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What are some things you do NOT include in a personal property inventory?
Answer:
your house car etc. things like that
Explanation:
The accounting records of Roland Manufacturing Company include the following information:
Dec. 31 Jan. 1
Work in process inventory $20,000 $50,000
Finished goods inventory 120,000 150,000
Direct materials used 350,000
Direct labor 160,000
Selling expenses 125,000
Manufacturing overhead is applied at a rate of 150% of direct labor cost.
What is the total of the debits to Work in Process Inventory during the year?
The total of the debits to Work in Process Inventory during the year for Roland Manufacturing Company will be $750,000.
To calculate this, we need to consider the direct materials used, direct labor, and manufacturing overhead costs.
Step 1: Calculate the manufacturing overhead cost.
Manufacturing overhead is applied at a rate of 150% of direct labor cost. So, we need to multiply the direct labor cost by 150%:
Manufacturing overhead = Direct labor × 150%
Manufacturing overhead = $160,000 × 1.5
Manufacturing overhead = $240,000
Step 2: Add direct materials used, direct labor, and manufacturing overhead costs.
Total debits to Work in Process Inventory = Direct materials used + Direct labor + Manufacturing overhead
Total debits to Work in Process Inventory = $350,000 + $160,000 + $240,000
Total debits to Work in Process Inventory = $750,000
Thus, the total of the debits to Work in Process Inventory during the year is $750,000.
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The correct answer: the total debits to Work in Process Inventory during the year were $750,000.
Step 1:
Beginning balance of Work in Process Inventory (Jan. 1) = $50,000
Ending balance of Work in Process Inventory (Dec. 31) = $20,000
Therefore, the decrease in Work in Process Inventory during the year is $30,000 (i.e. $50,000 - $20,000).
Step 2:
To determine the total debit to the Work in Process Inventory, we need to consider the costs that were added to it during the year. These costs include Direct Materials, Direct Labor, and Manufacturing Overhead (applied at a rate of 150% of Direct Labor cost).
Step 3:
Total cost added to Work in Process Inventory = Direct Materials + Direct Labor + Manufacturing Overhead
= $350,000 + $160,000 + (150% x $160,000)
= $350,000 + $160,000 + $240,000
= $750,000
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Susan has three credit cards - 1) an Old Navy card she got her last year of high school and now doesn't use that much, 2) a Visa card she got while in college and pays an $50 annual fee for benefits she doesn't use that much, and 3) a Mastercard she opened last month which has no annual fees. Susan has decided that she only needs two credit cards, which one should she get rid of
Answer: Visa card
Explanation:
Since Susan has decided that she only needs two credit cards, then she should keep the old Navy card she got her last year of high school and the Mastercard that she opened last month which has no annual fee.
In this case, since she doesn't use the Visa card that she got while in college and th e card pays an $50 annual fee for benefits that she doesn't use that much, thus means that the card isn't beneficial to her. Therefore, she should get rid of the Visa card.
which of the following is not true of social media? social media is a strong way to gain attention and interest in a brand. if content goes viral, it can then reach a massive audience. social media is also effective at engaging customers to maintain interest in the brand. if content goes viral, it only reaches a targeted audience.
Out of the four statements provided, the one that is not true of social media is that if content goes viral, it only reaches a targeted audience.
When content goes viral on social media, it has the potential to reach a massive audience, including people who may not have been familiar with the brand or product previously.
This is because social media platforms are designed to share content easily and quickly, allowing users to share and spread viral content to their own networks of followers and friends.Social media is a strong way to gain attention and interest in a brand, and it can be a powerful tool for engaging customers and maintaining their interest over time. By regularly posting high-quality content that resonates with their target audience, brands can build a loyal following of engaged fans and followers who are more likely to purchase their products or services.Know more about the targeted audience
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If an employer paid for its employees' long-term care insurance premiums, who determines the effect on the employees' gross pay?
D) The employer
By shielding your assets from the high cost of needing long-term care services, long-term care insurance can help you put your largest retirement concern to rest.
If an employer covers all or a portion of an employee's LTC premiums, the full sum is deductible by the employer as a business cost. The amount that may be deducted is unlimited. Additionally, the employer contribution is not counted as taxable income for the employee.
If the employer and the employee share the cost, the employee can withdraw their portion from their pay up to the mentioned levels. The level of the use of health insurance is according to the age level.
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If an employer paid for its employees' long-term care insurance premiums, who determines the effect on the employees' gross pay?
A) The IRS
B) The state in which the business is located
C) The employee
D) The employer
Order the following businesses from the least to the greatest amount of monopoly power.
1.) vegetable stands at a local farmers’ market
2.) gas stations in a large town
3.) restaurants in a big city
4.) cable television in an area where there is a single provider
(Firms that have something unique to sell have a high degree of monopoly power (price-setting ability) because there are no competitors for their good or service.)
1. vegetable stands at a very large local farmers' market. 3. restaurants in a small town. 4. cable television in an area where there is a single provider 2. gas stations in a large town.
Farmers can sell their products directly to consumers at a farmers' market, which is a physical retail space. Farmers' markets can be held inside or outside and often have booths, tables, or stands where local farmers can sell their produce, live plants and animals, and occasionally prepared foods and beverages. Farmers' markets are commonplace all over the world and are a reflection of the economics and culture there. The market's size can range from a handful of stalls to several city blocks. They are typically less strictly regulated than produce retailers because of the nature of their business. They are different from public markets, which are frequently housed in permanent structures, open all year round, and feature a variety of non-farmer/non-producer vendors, packaged goods, and non-food products.
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Your class makes a proposal to sell hot dogs, hamburgers, and other refreshments at sporting events. The local School Board agrees. A representative from the School Board Office arrives and provides the class with a list of foods to purchase for the refreshment stand, as well as the amount of food to purchase and the prices that your class must charge. Your class must also agree to buy all of
the food and supplies from a company that has other contracts with the school.
What type of economic system does this scenario suggest, and why?
Answer:
I help u after my online class:))))
Explanation:
I help u after my online class wait my answer
What type of relationship do a lawyer and a client have?
A.
A labor relationship
B.
A tort relationship
C.
An administrative relationship
D.
An agency relationship
the magnitude of operating leverage for perkins corporation is 4.5 when sales are $100,000. if sales increase to $110,000, profits would be expected to increase by what percent? a. 4.5% b.14.5% c.45% d.10%
It would be anticipated that the profit would rise by 45%. The appropriate response to the given question is option (c).
What is Operating Leverage?The percentage of a company's cost structure that is made up of fixed expenses as opposed to variable costs is measured by operating leverage. A corporation is said to have more operating leverage if its fixed expenses are higher than its variable costs.
Magnitude of operating leverage= 4.5
Old sales= $100000
New sales= $110000
Percentage increase in sales:
(New-old)/old = (110,000-100,000)/100,000
= 10%
Consequently, a percentage rise in profit might be anticipated:
sales percentage growth times the degree of operational leverage
= 10% * 4.5
= 45%
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One benefit of a savings account is that you can earn interest on your deposits
O True
O False
Answer:
O True
Explanation:
A savings account offers a safe and secure platform for firms and households to save money. Savings accounts are offered by financial institutions such as banks and credit unions. When customers open savings accounts, they save by depositing money in their savings accounts.
Banks and credit unions require customer deposits to create loans for other customers. They encourage customers to save by offering interest on savings or deposits. It is true that banks pay interest on customer savings.
How can companies balance the importance of maintaining Filipino values in their business practices with the need to remain competitive in the global market?
Answer: Through
Embed Filipino values in the company culture, Conduct market research, etc.
Explaneation: Balancing the importance of maintaining Filipino values in business practices with the need to remain competitive in the global market can be a challenge for companies. However, there are several strategies that companies can adopt to achieve this balance:
Embed Filipino values in the company culture: Companies can embed Filipino values such as respect for elders, integrity, and hard work in their organizational culture. This can be done by creating a code of conduct that incorporates these values, providing training and development programs that reinforce them, and recognizing employees who embody these values.
Conduct market research: Companies can conduct market research to understand the values and preferences of their target market. This can help them identify which Filipino values are important to their customers and how they can incorporate them into their products and services.
Embrace innovation: Companies can embrace innovation and new technologies to improve their competitiveness in the global market. However, they can also ensure that these innovations align with Filipino values, such as environmental sustainability and social responsibility.
Collaborate with local communities: Companies can collaborate with local communities to better understand Filipino values and customs. This can help them develop products and services that are culturally appropriate and resonate with local customers.
Practice corporate social responsibility: Companies can practice corporate social responsibility by giving back to the community and supporting social causes. This can help them build a positive reputation and foster goodwill among customers, while also demonstrating their commitment to Filipino values.
By adopting these strategies, companies can balance the importance of maintaining Filipino values in their business practices with the need to remain competitive in the global market
discuss and explain the difference between secure and open correctional facilities.
The main difference between secure and open correctional facilities is the level of security and restrictions placed on the inmates. Secure facilities have higher levels of security and restrictions, while open facilities have lower levels of security and more opportunities for inmates to participate in activities and programs.
Secure and open correctional facilities are two types of institutions used to detain individuals who have been convicted of crimes.
Secure correctional facilities are typically high-security prisons that are designed to hold individuals who have committed serious crimes, such as murder or armed robbery. These facilities have strict rules and regulations, and the inmates are closely monitored by corrections officers. The inmates are generally housed in individual cells and have limited interaction with other inmates.
On the other hand, open correctional facilities are designed for inmates who are considered low-risk and have committed non-violent crimes. These facilities are less secure than their counterparts, and the inmates are usually housed in dormitory-style living arrangements. Inmates in open correctional facilities often have more freedom to move around and participate in programs such as work release and educational opportunities.
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When sport/event organizations seek sponsors who will exploit the sponsorship, what benefit are they seeking to gain?
Answer: they want to generate more income from doing so, the greater the allowance the more income they will generate for the event they intend holding.
Explanation:
Exploiting of sponsorship would be described as allowing a sponsor to utilize every opportunity in the event to promote their brand.
When event organizers look out for sponsors who would handle their event and allow them explore it, it'll mean they want to generate more income from doing so, the greater the allowance the more income they will generate for the event they intend holding. For them to allow a particular brand to exploit the event would mean that brand would virtually take care of all expenses for the event since it'll be the face the audience would see when they come to the event. It is a way of generating more income for events.
NatNah, a builder of acoustic accessories, has no debt and an equity cost of capital of 15%. Suppose NatNah decides to increase its leverage and maintain a market debt-to-value ratio of 0.6. Suppose its debt cost of capital is 6% and its corporate tax rate is 21%. If NatNah's pretax WACC remains constant, what will its (effective after-tax) WACC be with the increase in leverage? (Hint: While the pretax WACC remains the same, the equity cost of capital increases when lower cost debt is added to the capital structure. However, you will not need to recalculate the equity cost of capital since the overall pretax WACC is assumed to remain constant even after the addition of debt.) The effective after-tax WACC will be \%. (Round to two decimal places.)
The effective after-tax WACC for NatNah, after increasing leverage while maintaining a market debt-to-value ratio of 0.6, will be 8.84%.
This means that the company's overall cost of capital, taking into account both equity and debt, adjusted for tax benefits, will be 8.84%. This is lower than the initial equity cost of capital of 15% due to the addition of lower-cost debt, which reduces the weighted average cost of capital. To calculate the effective after-tax WACC, we need to determine the weighted average cost of capital (WACC) for both equity and debt, taking into account the tax shield from interest expense. Given the information provided:
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"A client receives a $150 gift card from a broker-dealer for giving a testimonial about her highly positive experience with her registered representative. What is the broker-dealer NOT required to disclose if the testimonial is used in a retail communication?"
Answer:
Explanation:
In a scenario such as this one, the broker-dealer is not required to disclose whether any guarantee of growth was made by the representative to induce the giving of the testimonial. This is backed by the FINRA rule on testimonials used in communications which states the following:
“Retail communications or correspondence providing any testimonial concerning the investment advice or investment performance of a member or its products must prominently disclose the following:
The fact that the testimonial may not be representative of the experience of other customers. The fact that the testimonial is no guarantee of future performance or success. If more than $100 in value is paid for the testimonial, the fact that it is a paid testimonial.”Question 1 The term accessibility refers to the design of products, devices, services, or environments for _______.
The term accessibility refers to the design of products, devices, services, or environments for people who experience disabilities. This is further explained below.
What is accessibility ?Generally, Products, tools, services, and settings that are accessible are those that are created with individuals with disabilities in mind.
In conclusion, Products, gadgets, services, and places that are accessible are those that are designed with individuals with disabilities in mind.
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At the beginning of every shift, Cody records the amount of pizza sauce in inventory. At the end of every shift, he records the number of pizzas made and the amount of pizza sauce left in inventory. Why would he do this?A) So he can determine if employees are taking sauce home.B) So he can compare the quantity used with the budgeted amount.C) So he will know how much pizza sauce to order.D) So he will know how many customers visited his pizza parlor during his shift.
Answer:
B) So he can compare the quantity used with the budgeted amount
Explanation:
For a business to keep making profit it needs to ensure that the amount of materials it is using in its production process is within a defined limit. So it sets up a budget to guide the amount of raw materials to be used.
In this scenario Cody records the amount of pizza sauce in inventory. At the end of every shift, he records the number of pizzas made and the amount of pizza sauce left in inventory.
This is done to compare quantity of raw materials used to the given budget of the business.
This check will make sure that the business stays profitable.
Which of the following refers to the balance an account is always supposed to have?
Normal balance
Debits
Credits
Double-entry system
Answer:
Normal balance
Explanation:
Accounts are expected to have either debit or credit balance, depending on their classification. The accounting equation of Assets is equal to equity plus liabilities is the basis for account classification. Assets accounts are on one side, while accounts relating to equity and liabilities are on the other.
Accounts have normal balances if the balances at the end of a period are as expected. Assets accounts are expected to have debit balances, while equity and liabilities accounts should have credit balances.
Expenditures to keep an asset in normal operating condition. They are necessary if an asset it to perform to expectations over its useful life. They are treated as expenses.
Ordinary repairs are the maintenance cost incurred to make sure that the machine is working properly.
It is treated as revenue expense which means expense which occur frequently with low amount. These cost does not improve the equipment or make it the long lasting . Its just the daily maintenance of the asset.
These expense are debited in the profit and loss account not in the asset account.
More the expenses less will the profit.
These expense are not capitalized as it does not increase the useful life of the productivity of an asset.
Ordinary repairs includes replacing broken or worn out parts with comparable parts.
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A. Discuss the concepts of Herzberg's motivator-hygiene theory. How does it differentiate between motivation needs and hygiene needs of workers? B. Based upon Herzberg, is a pay increase a motivator for a worker? Yes or No. Why?
A. Herzberg's motivator-hygiene theory is a motivation theory that suggests that job satisfaction and dissatisfaction are caused by different factors.
B. Based on Herzberg's theory, a pay increase is not necessarily a motivator for a worker, but rather a hygiene factor.
Herzberg divided these factors into two categories: motivators and hygiene factors. Motivators are the factors that lead to job satisfaction, such as achievement, recognition, responsibility, and personal growth. Hygiene factors, on the other hand, are the factors that lead to job dissatisfaction, such as salary, working conditions, company policies, and interpersonal relations. According to Herzberg, hygiene factors must be present in the workplace to prevent job dissatisfaction, but they do not necessarily lead to job satisfaction. In contrast, motivators are the key to job satisfaction, and when present, they can lead to increased motivation, performance, and job satisfaction.
B. Based on Herzberg's theory, a pay increase is not necessarily a motivator for a worker, but rather a hygiene factor. This is because pay is considered a basic need or expectation for employees, and when it is lacking, it can lead to job dissatisfaction. However, once the pay is at a reasonable level, further increases do not necessarily lead to increased motivation or job satisfaction. Instead, motivators such as challenging work, recognition, and opportunities for personal growth are more likely to increase job satisfaction and motivation. Therefore, while a pay increase may be necessary to prevent job dissatisfaction, it is not a significant motivator for workers according to Herzberg's theory.
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On September 30, 2021, the San Fillipo Corporation issued 8% stated rate bonds with a face amount of $300 million. The bonds mature on September 30, 2041 (20 years). The market rate of interest for similar bonds was 10%. Interest is paid semiannually on March 31 and September 30. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. ) Required: Determine the price of the bonds on September 30, 2021. (Enter your answers in whole dollars. Round your final answers to nearest whole dollar amount. )
The price of the bonds is determined using the Present Value of a 20-year annuity formula with an 8% interest rate is $278,743,846.
The price of the bonds is determined using the Present Value of a 20-year annuity formula with an 8% interest rate. The calculation is: Price = $300,000,000 × [PVIFA 20%, 8%] = $300,000,000 × 0.7547 = $278,743,846.
The Present Value Interest Factor of Annuity (PVIFA) is used to calculate the present value of a series of payments over a certain period of time. In this case, the PVIFA is 20 years and the interest rate is 8%, which is the stated interest rate of the bond.
Therefore, the price of the bonds on September 30, 2021 is $278,743,846.
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1.In the scenario where the Central Bank creates policies which increase the money supply but the aggregate demand is unchanged, is created by following what type of monetary policy?
An expansionary policy.
A contractionary policy.
A balanced policy.
2.Quantitative easing undertaken after 2008 is different from traditional central bank intervention in that it focused on
purchasing long-term government securities to encourage long-term capital projects and ease mortgage conditions.
purchasing "toxic assets" and restoring credit to the private sector.
raising private bank’s revenues and therefore encouraging investment.
An expansionary policy. In this scenario, the Central Bank is increasing the money supply, which is a characteristic of expansionary monetary policy.
The purpose of expansionary policy is to stimulate economic growth by encouraging spending and investment through lower interest rates and increased liquidity in the economy. However, if the aggregate demand remains unchanged, it suggests that the increased money supply is not translating into increased spending or investment by consumers and businesses. Quantitative easing undertaken after 2008 focused on purchasing "toxic assets" and restoring credit to the private sector.
Unlike traditional central bank intervention, which primarily involves adjusting interest rates, quantitative easing (QE) implemented after the 2008 financial crisis involved the central bank purchasing "toxic assets" from financial institutions. These assets included mortgage-backed securities and other troubled assets. The goal was to provide liquidity to financial institutions, restore confidence in the banking system, and ease credit conditions for businesses and consumers. By purchasing these assets, the central bank aimed to stimulate lending, stabilize financial markets, and encourage economic recovery.
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______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
Help what’s the answer?
Answer:
The supply would fall
Explanation:
The restaurants wouldn't have as many workers at all times.
You are a consultant to a large manufacturing corporation that is considering a project with the following net after-tax cash flows (in millions of dollars):
Years from now after tax cash flow
0 -80
1-10 16
The project's beta is 1.1.
a. Assuming that rf=5% and E(rM)=12%, what is the net present value of the project? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)
b. What is the highest possible beta estimate for the project before its NPV becomes negative? (Round your answer to 2 decimal places.)
The net present value (NPV) of the project is -$13.43 million, indicating a negative value. The highest allowable beta estimate for a positive NPV is 1.1.
a. The net present value of the project can be calculated using the formula:
NPV = ∑[Cash flows ÷ (1 + r)t] Where, NPV = net present value of the project; Cash flows = after-tax cash flows in millions of dollars; r = discount rate; t = time periods.
Using the above formula, the net present value of the project is:-
80 + ∑[16 ÷ (1 + 0.12)t]= -$13.43 million
So, the net present value of the project is -$13.43 million (rounded to 2 decimal places).
b. The beta (β) of an investment represents the degree of systematic risk associated with the investment. The CAPM model is used to calculate the required rate of return for an investment using the formula:
R = rf + β(E(rM) − rf) Where, R = required rate of return; rf = risk-free rate; β = beta of the investment; E(rM) = expected return of the market.
Using the above formula, the required rate of return for the project is:
R = 0.05 + 1.1(0.12 − 0.05)= 0.05 + 0.099= 0.149 (rounded to 3 decimal places) or 14.9% (rounded to 1 decimal place)If the beta estimate for the project is higher than 1.1, the required rate of return will be even higher than 14.9%, which would lead to a negative net present value of the project.
Therefore, the highest possible beta estimate for the project before its NPV becomes negative is 1.1 (rounded to 2 decimal places).
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True/False
1. A thank you note sent after a job interview will serve as a reminder to those people you met.
2. When giving the time of your emploment on your resume, be sure to specify only the year of starting and ending of each job.
3. If an interviewer asks you what your weakness are, you should think for a moment before answering.
4. To prevent discrimination, all applicants for a job should be asked the same questions during an interview.
A thank you note sent after a job interview will serve as a reminder to those people you met is a false statement
2. False
3. False
4. False
What is an interview for a job?A job interview is known to be a kind of conversation tak that is said to occurs between a said and potential employer and that of a job applicant.
Note that During the job interview, the employer is one who has a lot of opportunity to appraise any kind of applicant's qualifications, as well as their appearance and full fitness in regards to the job opening.
Hence, A thank you note sent after a job interview will serve as a reminder to those people you met is a false statement
2. False
3. False
4. False
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find the newest definition of additive manufacturing
To find the newest definition of additive manufacturing,
The phrase "additive manufacturing" refers to processes that produce three-dimensional things one incredibly thin layer at a time. Each layer of molten or partially melted substance adheres to the layer before it.
Using computer-aided design (CAD) software, objects are digitally described and then "sliced" into incredibly thin layers to produce.stl files. This knowledge directs a nozzle's or a print head's course as it accurately deposits material on the layer below.
Similarly, in a bed of powdered material, a laser or electron beam selectively melts or partially melts the material. Materials combine to form three-dimensional objects as they cool or are cured.
The American Society for Testing and Materials (ASTM) is the main authority in defining the standard of additive manufacturing. As such, the most up-to-date definition of additive manufacturing can be found on their website by searching for the term.
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As Lululemon is traditionally a yoga apparel company and Lululemon educators are viewed as educators, performance of yoga poses are included in the selection process. This is an example of
a. Reference checking
b. Application
c. Training
d. Recruitment
e. Testing
The process of checking for the performance of yoga poses by Lululemon is known as e. Testing.
What is testing?This is a process by which a prospective employer checks to make sure that a prospective employee can do the job.
In checking the yoga poses of people they want to hire, Lululemon is testing to see if the person can be a good educator that would represent the company well.
In conclusion, option E is correct.
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when the price falls from $7 to $5, the quantity demanded increases from 14 to 22 units. the price elasticity of demand is
The price elasticity of demand is -2. Note that the negative sign indicates that the demand is elastic, meaning that the quantity demanded is highly responsive to changes in price.
The price elasticity of demand can be calculated using the following formula:
Price elasticity of demand = ((% change in quantity demanded) / (% change in price))
In this case, the price has fallen from $7 to $5, which represents a decrease of 28.57% ((7-5)/7). The quantity demanded has increased from 14 to 22 units, which represents an increase of 57.14% ((22-14)/14).
Therefore, the price elasticity of demand is:
Price elasticity of demand = ((57.14%) / (-28.57%)) = -2
This means that the demand for this product is relatively elastic, as a change in price has a relatively large effect on the quantity demanded.
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