Suppose the demand function for a firm's product is given by In Qx=7-1.5 In Px+2 In Py-0,5 In M + In A where:
Px= $15
Py=$6
M = $40,000, and A = $350 a. Determine the own price elasticity of demand, and state whether demand is elastic, inelastic, or unitary elastic. Own price elasticity: _______________
Demand is: unitary elastic
b. Determine the cross-price elasticity of demand between good X and good Y; and state whether these two goods are substitutes or complements. Cross-price elasticity: ________________
These two goods are:

Answers

Answer 1

a. We must compute the derivative of the demand function with respect to price (Px) and multiply it by the price to quantity demanded ratio to find the own price elasticity of demand.

Demand elasticity at one's own prices (Ex) = (Qx/Px) * (Px/Qx).

\(In Qx = 7 - 1.5 In Px + 2 In Py - 0.5 In M + In A, where In Qx is the demand function.\)

Using both sides' derivative with regard to Px:

(Qx/Px) x (1/Qx) = -1.5

Calculating (Qx/Px):

Qx/Px is -1.5 * Qx\(In Qx = 7 - 1.5 In Px + 2 In Py - 0.5 In M + In A, where In Qx is the demand function.\)

Now changing the values as follows: Px = $15 Qx = e(In Qx) = e(7-1.5 In Px+2 In Py-0.5 In M+In A)

Qx = e(7 - 1.5 In 15 + 2 In 6 - 0.5 In 40,000 + In 350) using the data provided

Qx calculation

Qx ≈ 364.7

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Related Questions

Compute the MIRR statistic for Project I and note whether to accept or reject the project with the cash flows shown as follows if the appropriate cost of capital is 15 percent. Project I

Answers

Answer:

13%

Explanation:

The computation of MIRR is shown below:-

=MIRR({-1000;400;300;200;300;50},15%,15%)

= 12.666%

or

= 13%

Since the MIRR is 12.67% and the appropriate cost of capital is 15% so the project should be rejected as it is less than the cost of capital

For more clarification please find the spreadsheet so that we make more understand.

Compute the MIRR statistic for Project I and note whether to accept or reject the project with the cash

A surface, such as a prep table, that touches food or from which food could drip or drain onto surfaces that touch food is
called a "food-splash surface."
True
False

Answers

Answer:

False

Explanation:

Food contact surface is what it is called

a business should endeavor to be socially responsible in its actions and conduct under what set of circumstances?

Answers

A business should endeavor to be socially responsible in its actions and conduct under all circumstances. Social responsibility is the ethical framework and obligation that businesses have to act in ways that benefit society and protect the environment.

Socially responsible business practices can include reducing environmental impact, promoting fair labor practices, supporting community development, and promoting ethical conduct in business dealings.

These practices not only benefit society and the environment but can also contribute to long-term business success by building positive relationships with stakeholders and enhancing the company's reputation. Therefore, businesses should strive to integrate social responsibility into their core operations and decision-making processes.

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Nyah deposited $750 in a new bank account that earns 5.8% interest compounded continuously. If there are no other deposits or withdrawals, find the total amount in her account after 15 months.

Answers

The total amount in her account is $1,128.60.

What is the total money in the account?

The formula for calculating future value when there is continuous compounding is :

A x e^r x N

Where:

A= amount = $750 e = 2.718281 N = number of years = 1.42 years r = interest rate

$750 x e^0.058 x 1.42 = $1,128.60

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What is the difference between a planned market economy and a mixed market economy?

Answers

Answer:in centrally planned economy market the means of production are predominantly owned by the state while in mixed economy the means of production are owned and controlled by both government and private persons. It is a mixture of planned and free enterprises

Explanation:

mixed economies, the government has some control, while the rest is up to supply and demand. Command economies are characterized by large surpluses and shortages, monopolies, and prices set by the government.

Persuasive communications and accurate product distribution are techniques used by firms to ______ market segments.

Answers

Persuasive communications and accurate product distribution are techniques used by firms to reach market segments.

Answer: It is reach.

Most of us have to work for a living, and a job is a central part of our lives. So why do managers have to worry so much about employee motivation issues? Can an individual be too motivated? Discuss

Answers

Explanation:

Employee motivation is not directly related to the conditions of their work and personal life. There are many studies and researches that seek to understand how the employee is motivated, one of the most accepted and used is the Maslow pyramid, which categorizes each human need in the form of a pyramid of needs, according to him, there are five needs that individuals need to fulfill to be motivated and satisfied in their personal and professional life, they are the physiological needs being the base of the pyramid and the most essential, followed by needs for security, affection, esteem and self-fulfillment.

Therefore, this theory of Maslow's needs is a parameter to understand how the human being remains motivated, and to help organizations to align their processes to fulfill each employee's need for fulfillment, seeking an organizational environment focused on safety, ethics, innovation, benefits monetary, etc.

Mlb recently became the first major league to partner with a cbd brand, charlotte’s web. In a recent civic science survey, what percentage of fans strongly disapproved of the move?.

Answers

Last month, MLB became the first major league to recognise Charlotte's Web as an official CBD partner, and half of the league's fans are cool with it. 50 percent of respondents rated the new revenue source as "very" or "somewhat" acceptable.

What is MLB?

The world's oldest significant professional sports league is Major League Baseball (MLB), which is a professional baseball organisation. A total of 30 teams make up Major League Baseball (MLB), with 29 based in the United States and 1 in Canada, equally split between the National League (NL) and the American League (AL). In 1876 and 1901, the NL and AL, respectively, were established. The National Agreement, which the two leagues first signed in 1903, stipulated that they would collaborate while continuing to be legally distinct organisations. In 2000, however, the two leagues united to become the Baseball Commissioner's Organization. The MLB's head office is located in Midtown Manhattan. In addition, it is listed as one of the top professional sports leagues in both the US and Canada.

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What are two major advantages and two major disadvantages of having unions in the United
States? Explain each advantage or disadvantage.

Answers

Answer:

two major advantages of unions:

1. we get more items from different countries

2. Unions promote higher wages and better benefits

two major disadvantages:

1. Labor unions discourage individuality

2. Unions can drive up costs as well as making it harder to promote and terminate workers.

What is the craziest drink you've gotten at starbucks or dunkin? Tell me the size, how many pumps of syrups (if you get any) and how many scoops of inclusions (if you get any). Tell me everything and be very specific!

Answers

Peppermint Frappé ( Seasonal ) with 17 pumps of peppermint !!!

mark owns an unincorporated business and has​ $20,000 of sec. 1231 gains and​ $22,000 of sec. 1231 losses. he must report a net capital loss of​ $2,000 on his tax return.

Answers

Mark, who owns an unincorporated business, must report a net capital loss of $2,000 on his tax return. This is determined based on his Section 1231 gains and losses, with $20,000 of Section 1231 gains and $22,000 of Section 1231 losses.

Section 1231 gains and losses refer to gains and losses from the sale or exchange of property used in a trade or business, including real estate and depreciable assets. In Mark's case, he has $20,000 of Section 1231 gains and $22,000 of Section 1231 losses. To calculate the net capital loss, we subtract the losses from the gains:

Net Capital Loss = Section 1231 Gains - Section 1231 Losses

= $20,000 - $22,000

= -$2,000

Since the result is negative, Mark must report a net capital loss of $2,000 on his tax return. This loss can be used to offset other capital gains and potentially reduce his overall tax liability.

It's important for individuals like Mark to accurately report their capital gains and losses to ensure compliance with tax regulations and take advantage of any available tax benefits.

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a qualified long-term care insurance policy must contain which of the following requirements? a)coverage for drug and alcohol dependency b)a probationary period of no longer than 180 days c)coverage for conditions that result from war d)guaranteed renewability

Answers

A qualified long-term care insurance policy must contain the requirement of guaranteed renewability. The correct option is D.

This means that the policy cannot be canceled by the insurance company for any reason other than non-payment of premiums, and the insurer must renew the policy as long as premiums are paid on time. Coverage for drug and alcohol dependency, a probationary period of no longer than 180 days, and coverage for conditions that result from war are not required for a policy to be qualified.

Long-term care insurance refers to a type of insurance that covers people's expenses when they need long-term care in old age or have chronic diseases. Long-term care insurance pays for care in a nursing home, home health care, or assisted living facilities.

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what can you infer about the fall in unemployment rates for the country as a whole over this period? was it caused by a net gain in the number of jobs or by a large fall in the number of people seeking jobs?

Answers

The additional cost of building another bus will rise as labour costs do.

A cost is the worth of money that has been expended in the production or delivery of a good or service and is therefore no longer accessible for use in accounting, retail, research, or accounting. In business, the cost may be one of acquisition, in which case the cost is the sum of the money used to obtain it. The cost is the sum of money that a business spends on the development or manufacturing of goods or services. The markup for profit is excluded. The sum of money spent to create a good or product, as seen from the seller's perspective, is the cost. The amount of money that a business had to spend on the production of its goods or services is known as the cost.

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Explain your approach in energy audits in third world countries. In your explanation give give evidence how other countries and companies have implemented the need for energy audits as a business. Also SWOT analysis of implementing energy audits in countries

Answers

The strategy is to increase awareness, set policies, develop capacity, carry out pilot projects, give financial support, and track results. Examples include mandated energy audit programmes in the UK and Germany.

Global energy audit services are provided by businesses like Siemens and Schneider Electric. SWOT evaluation Cost savings and sustainability are its strengths. Lack of knowledge and resources are its weaknesses. Opportunities to bring in investments and achieve goals; Resistance and political instability are threats. Energy audits have the potential to increase energy efficiency and sustainability, but overcoming obstacles calls for all-encompassing policies and cooperation between national and international agencies.

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Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.

Answers

25 tickets

($14)(25)=$350
($25)(11)=$275
$350+$275= $625

Which is a sensory simulation strategy a laboring client can use as a nonpharmacological strategy for pain management

Answers

A sensory simulation strategy that a laboring client can use as a nonpharmacological strategy for pain management is Aromatherapy.

What is Aromatherapy?

Aromatherapy serves as an holistic healing treatment, which do make use of natural plant extracts.

This extracts are use to promote health and well-being and relieve pains.

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why doesn't school teach taxes

Answers

Answer:

Well, Who knows but I'd assume they deem it unimportant. for our class because of we were a higher class our parents would teach us how when we were ready

Answer: People file different kinds of taxes. They can't teach you every kind of tax in depth on how to go through it. For example, for personal income taxes, there are currently three different types of forms that someone could file.

Taylor Underwood, a member is a CPA who has her own accounting practice. Taylor is the sole owner of the practice and the Which of the following names is Taylor permitted to use for her form?
• Taylor Underwood & Company Certified Public Accountants
• Taylor Underwood, Certified Public Accountants
• Taylor Underwood & Company Certified Public Accountant
• None of the above are permitted

Answers

Taylor is permitted to use the name, Taylor Underwood, Certified Public Accountants for her practice.

Taylor Underwood, as a sole proprietor and certified public accountant (CPA), is permitted to use the name "Taylor Underwood, Certified Public Accountants" for her practice. According to the regulations set by the state board of accountancy, a sole proprietor who is a licensed CPA is allowed to use their personal name in the firm name, followed by the designation "Certified Public Accountants." This indicates that the firm is a one-person operation and that the owner is a licensed CPA. The name "Taylor Underwood & Company Certified Public Accountants" is not permitted, as the use of "Company" implies that there is more than one owner, which is not the case for a sole proprietorship. Similarly, the use of "Certified Public Accountant" instead of "Certified Public Accountants" would not be permitted, as it suggests that there is only one licensed CPA in the firm, which may mislead the public. A sole proprietor is a business structure in which a single individual owns and operates the business. The sole proprietor is personally responsible for the debts and obligations of the business, and there is no legal distinction between the owner and the business. This structure is the simplest and least regulated form of business ownership, making it an attractive option for individuals starting a small business or operating as freelancers or independent contractors.

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Dorothy plans to invest some money so that she has $3,400 at the end of three years. Determine how much should she invest today given the following choices: (Do not round intermediate calculations and round your final answer to the nearest penny.)
a. 4.2 percent compounded daily.
Amount required to be invested $
b. 4.9 percent compounded monthly.
Amount required to be invested $
c. 5.2 percent compounded quarterly.
Amount required to be invested $
d. 5.4 percent compounded annually.
Amount required to be invested $

Answers

Dorothy should invest $3,127.64 if she is using a 4.2 percent compounded daily rate, $3,063.36 if she is using a 4.9 percent compounded monthly rate, $3,039.32 if she is using a 5.2 percent compounded quarterly rate, or $2,994.83 if she is using a 5.4 percent compounded annually rate to have $3,400 at the end of three years.

To determine how much Dorothy should invest today given these choices, we must calculate the present value of the future sum of $3,400. The present value of a future sum is equal to the future sum divided by the (1 + interest rate) raised to the number of periods.


For choice a, the formula is: PV = 3,400 / (1 + 0.042)365 = $3,127.64

For choice b, the formula is: PV = 3,400 / (1 + 0.049)36 = $3,063.36

For choice c, the formula is: PV = 3,400 / (1 + 0.052)12 = $3,039.32

For choice d, the formula is: PV = 3,400 / (1 + 0.054)3 = $2,994.83

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A product's usage is normally distributed with a weekly average demand of 2,000 units and a weekly standard deviation of 125. The product's lead time is 4 weeks. Currently, the reorder point for this product is 8,200. If the company would like to have a service level of 95% for this product then: Group of answer choices

Answers

Answer:

Dependent demand items are typically products for use by the final customer. ... systems initiate a new order when the level of inventory falls to the reorder point. ... average demand of 2,000 units and a weekly standard deviation of 125. ... If the company would like to have a service level of 95% for this product then A)

If the company would like to have a service level of 95% for this product then it must increase its safety stock by approximately 212 units. Option (d) is correct.

What do you mean by Demand?

Demand describes the consumer's desire and willingness to purchase a good or service at a specific time or over an extended period of time. Additionally, consumers must be able to afford the items they want or need based on their budgeted disposable income. Demand therefore has an impact on market expansion and economic growth.

Companies that want to understand consumer demand for a certain product perform demand analysis research. Businesses typically use it to assess their ability to enter the market and make the anticipated profit.

Therefore, Option (d) is correct.  It must increase its safety stock by approximately 212 units.

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A product's usage is normally distributed with a weekly average demand of 2,000 units anda weekly standard deviation of 125. The product's lead time is 4 weeks. Currently, the reorder point for this product is 8,200. If the company would like to have a service level of 95% for this

product then;

a. it must decrease its safety stock by approximately 412 units.

b. it must decrease its safety stock by approximately 212 units.

c. it must increase its safety stock by approximately 412 units.

d. it must increase its safety stock by approximately 212 units.

What are some ways you deal with stress at school or at home? How could you use those techniques in the workplace? PLZZZZZ!!!!

Answers

1. Take a break when needed
2. Reward yourself when you are finshed
3. Spend time with friends and family when you have free time
4. Get 8 hours of sleep a night
5. Always eat breakfast and don’t skip any meals.
6. Meditate
7. Get up and stretch your legs if you have a desk job
8. Deep breathing
9. Play relaxing music
10. Reduce your caffeine intake is a big one


Hope this helps :D

Some ways to deal with stress at school or at home is as follows:

1. Stop when you need to.

2. After finishing, treat yourself.

3. When you have free time, spend it with your loved ones.

4. Sleep for eight hours each night.

5. Never miss a meal and never skip breakfast.

6. Reflection

7. If you have a desk job, stand up and stretch your legs.

How to reduce stress at work?

The APA poll revealed that individuals who often experience tension or stress at work are more than three times as likely to indicate they plan to look for employment elsewhere in the upcoming year (71% vs. 20%) than employees who don't experience such stress.

Employees who have some degree of autonomy over their work schedules tend to be happier than those who are subject to stricter work-hour regulations. Most employees value having flexible work hours because it allows them to escape traffic, exercise in the morning, or walk their pets before dusk. Allow staff to work from home if the job can be done remotely, or use a hybrid approach if it can.

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If we count marginally attached workers as unemployed ______.
a. The unemployment rate rises
b. The size of the labor force does not change
c. The unemployment rate falls
d. THe unemployment to population ration rises

Answers

as the unemployment to population ratio grows, marginally attached workers become unemployed.

Is a worker with a weak attachment unemployed?

The marginally attached are those who are not currently in the labour force but who want and are available for work, had sought for a job at some point in the previous 12 months, but who were not classed as unemployed because they had not looked for work in the 4 weeks before to the survey. Underemployed people, workers with weak work attachments, and discouraged workers are some of the categories included in the real unemployment rate that are not included in the U-3 unemployment rate. People who are underemployed are part-time employees who would prefer full-time positions. They are included in the labour force and counted as employed in the U-3 report.

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An organized group of laws is referred to as a code?

Answers

Answer:

laws. enforceable rules of conduct in a society. code. laws grouped into an organized form. common law.

explain the significance of sin tax

Answers

Syntaxes are extremely important for a society.

What exactly are syntaxes?

Sin taxes are intended to deter people from engaging in socially harmful actions. The goal is to make harmful products more expensive to obtain, thereby reducing or eliminating their consumption. They also provide government with a source of revenue.

A sin tax is a fee imposed on products or services deemed hazardous or expensive to society. Tobacco, alcohol, sugary drinks, and gambling are typical types of goods and services.

The primary goals of imposing cigarette taxes are to minimize the use of harmful goods while increasing government revenue. According to research, the sin taxations on both alcohol and cigarettes actively discourage their consumption. The reduction in tobacco and alcohol consumption leads to a reduction in medical problems linked to the use of harmful substances.

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How important is money

Answers

Answer:

very important

Explanation:

money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.

For Jan 20 the details for revenue budget : 2 m from sales of equiupments, 1 m on milestone completion and 3 m contracted run rate For Jan20 the details for actuals are : 1 m from sales of equipments ( 1 m has been declined), 0.6 m on milestone completed in Jan20 and 0.4 to be achieved in Feb 20,3 m contracted run rate Please categorise between timing variance, trading variance and one off: a) 1.4 m Trading variance b) 1 m one off, 0.4 m Timing Variance c) 1 m Trading variance, 1 m Timing variance d) 1 m Trading Variance, 0.4 m Timing variance

Answers

The categorization of variances for the given details is as follows:

a) 1.4 m Trading variance

b) 1 m one-off, 0.4 m Timing Variance

c) 1 m Trading variance, 1 m Timing variance

d) 1 m Trading Variance, 0.4 m Timing variance

The trading variance refers to the difference between the budgeted and actual revenue from sales and milestone completions. In this case, the budgeted revenue from sales of equipment was 2 million, but only 1 million was achieved, resulting in a trading variance of 1 million (a).

The one-off variance refers to a specific event or circumstance that affects the revenue. Here, there is a one-off variance of 1 million due to the declined sale of equipment, which was not accounted for in the budget. Additionally, there is a timing variance of 0.4 million, representing the milestone completion that was achieved in February instead of January (b).

The timing variance represents the difference in the timing of revenue recognition. In this scenario, there is a timing variance of 0.4 million due to the milestone completion that was achieved in February instead of January (b, d).

In summary, the categorization of variances for the given details is as follows:

- Trading variance: 1.4 million (a, c, d)

- One-off variance: 1 million (b)

- Timing variance: 0.4 million (b, d)

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hall and porter argue that firms have two generic alternative strategies for any particular product. these strategies are:

Answers

Hall and Porter argue that firms have two generic alternative strategies for any particular product: cost leadership and differentiation.

Cost leadership involves achieving the lowest production and distribution costs possible in order to offer products at a lower price than competitors. For example, sells name-brand shoes at inexpensive prices.

Differentiation, on the other hand, involves creating unique and desirable product features or attributes that set the product apart from competitors and allow for a higher price point.

Ultimately, a firm must decide which strategy best aligns with its resources, capabilities, and market position in order to achieve sustainable competitive advantage.

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Identify three firms you might want to work for. Using the VRIO Framework, evaluate the extent to which the resources and capabilitios of these firms gives them the potential to realize competitive disadvantages, parity, temporary advantages, or sustained advantages. What implications, if any, does this analysis have for whom you might want to work for?

Answers

The VRIO framework can be used to evaluate the competitive advantage potential of three firms you might want to work for. By assessing their resources and capabilities, we can determine whether they have a competitive disadvantage, parity, temporary advantage, or sustained advantage.

The VRIO framework evaluates a firm's resources based on four criteria: value, rarity, inimitability, and organization. By applying this framework to the three firms you are considering, you can assess their potential for competitive advantage.

For each firm, analyze its resources and capabilities to determine if they possess a sustainable competitive advantage. Look for unique resources or capabilities that are valuable, rare, difficult to imitate, and well-organized within the firm. If a firm meets these criteria, it is more likely to have a sustained competitive advantage.

Consider the implications of this analysis for your career choice. If a firm demonstrates sustained competitive advantage, it may offer more opportunities for growth, job security, and long-term success. On the other hand, firms with only temporary advantages may face more uncertainty and potential changes in their market position.

By evaluating the competitive advantage potential of each firm, you can make an informed decision about which one aligns better with your career goals and offers a more favorable work environment.

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1. Legal environment of business is what makes the working of the enterprise harmonious. It accumulates every aspect which is remotely concerned with the business firm. The term "Legal Environment of business" relates to the code of conduct of any company.

true
false​

Answers

Answer:

True

Explanation:

It is TRUE that The term "Legal Environment of business" relates to the code of conduct of any company.

The above statement is correct because the Legal Environment of business distinguishes the legal boundaries and the extent of legal plans of a company's executive decisions. It also defines the lawful time and operation of the firm.

Also, it helps in regulating the business activities of a firm, including the roles of the owners, equity shareholders, creditors, debtors, debenture holders, or any third party involved.

Question 1 of 3
The bank limits deposits to $200 per day. Ash has $300
to deposit. What should she do?
Select a response.
A Make multiple deposits over a few days
B Not agree to the Terms and Conditions

Answers

According to the information provided, Ash should make several deposits spread out over a few days. Thus option A is correct.

Ash can divide the deposit into two separate transactions because the bank only allows deposits of $200 per day and she has $300 to deposit. She is permitted to deposit $200 on the first day and the final $100 on the second day.

She will be able to successfully complete her deposit and stay inside the bank's deposit cap with this method. The correct response is, "Make several deposits over a few days."

Therefore, option A is appropriate.

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