The price elasticity of demand for gasoline is 0.5 and the price elasticity of supply for gasoline is 1.1. If demand rises by 25%, the price of gasoline will:a) rise by 15.6%.b) fall by 15.6%.c) rise by 6.4%.d) fall by 6.4%
Answers
If demand rises by 25%, the price of gasoline will a) rise by 15.6% because of the percentage change formula.
The formula to calculate the percentage change in price is:
% Change in Price = % Change in Demand / (Elasticity of Demand / Elasticity of Supply + 1)
Substituting the given values, we get:
% Change in Price = 25% / (0.5 / 1.1 + 1)
% Change in Price = 15.6%
Therefore, the correct answer is (a) rise by 15.6%. When demand for gasoline rises by 25%, the price of gasoline is expected to rise by 15.6%.
If demand for gasoline rises by 25%, the price of gasoline is expected to rise due to the limited supply of gasoline. Using the formula, we can calculate that the price of gasoline will increase by 15.6%.
This is because the price elasticity of demand is less than the price elasticity of supply, indicating that the increase in demand will result in a relatively larger increase in price to balance the demand and supply equation.
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Related Questions
What is market research? (Please be simple easy to understand)
Answers
3.) A special cereal mixture contains rice, wheat and corn in the ratio of
2:3:5. If a bag of the mixture contains 3 pounds of rice, how much corn
does it contain?
Answers
Answer:
7.5
Explanation:
Let R = rice.
Let W = wheat.
Let C = corn.
Let X = special cereal mixture
Given the following data;
Ratio of rice, wheat and corn = 2:3:5
Total quantity of rice = 3 pounds.
Ratio = 2 + 3 + 5 = 10
For rice;
2/10 * X = 3
Cross multiplying, we have;
2X = 30
X = 30/2 = 15
Therefore, the total quantity of the special cereal mixture is 15 pounds.
To find the total amount of corn;
C = 5/10 * 15
C = 75/10
C = 7.5 pounds.
Hence, the special cereal mixture contains 7.5 pounds of corn.
To find the total amount of wheat;
W = 3/10 * 15
W = 45/10
W = 4.5 pounds.
Check;
Special cereal mixture = rice + wheat + corn.
Special cereal mixture = 3 + 4.5 + 7.5
Special cereal mixture = 15 pounds.
Answer:
7.5 pounds of corn.
Explanation:
Rice=2x -> 3 pounds
Wheat=3x
Corn=5x
2x=3
x=1.5
5*1.5
=7.5
a major difference between banks and other nonfinancial firms is the low amount of leverage in commercial banks
Answers
The statement "A major difference between banks and other nonfinancial firms is the low amount of leverage in commercial banks" is generally false.
Commercial banks typically rely on borrowed funds to finance their operations and investments, which means they often have relatively high levels of leverage compared to other nonfinancial firms that primarily rely on equity financing. Leverage allows banks to magnify their returns on equity, but it can also increase their risk of financial distress or insolvency in the event of economic downturns or other adverse events.
During the global financial crisis, many banks experienced significant losses due to their high levels of leverage and exposure to risky assets. As a result, regulatory authorities have imposed stricter capital requirements and leverage ratios on banks to reduce their risk and improve financial stability.
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The complete question is : "A major difference between banks and other nonfinancial firms is the low amount of leverage in commercial banks. Retail nontransaction savings and time deposits comprise the largest portion of deposits for commercial banks."
Ethical Dilemma
You are a mechanical engineer working on developing new products for a large company. Your product-development team is composed of specialists in different fields from throughout the organization. Everyone shares ideas freely with one another, and the team as a whole shares credit for its accomplishments. At least, that is what you think so.
One day you learn that the team leader, an older gentleman who resents having to work with others, has been bad-mouthing several members of the team. Worse yet, he’s also been taking credit for their ideas.
Once, you even overheard him say, "Those guys can’t do anything without me. I’m really the brains behind the operation. That idea for the new packaging design was all mine, but I let them take credit for it."
Although you are not the direct victim of this assault, at least on this occasion, you are concerned about the effects on your team’s morale and performance. You also fear that one day, it might be your ideas for which he is taking credit. You know this is wrong, but you don’t know how best to handle the situation.
Questions
1. If this situation prolonged, what do you think would happen to the morale of the team? Elaborate.
Answers
If the situation with the team leader bad-mouthing and taking credit for other team members' ideas continued, it is likely that the morale of the team would be negatively affected.
Firstly, team members who are being bad-mouthed and having their ideas stolen may become demotivated and disengaged from the project, resulting in lower productivity and creativity. Additionally, team members who witness this behavior may also become demotivated and start to feel undervalued and unappreciated for their contributions.
Furthermore, if the team leader's behavior goes unchecked, it may create a toxic work environment where team members do not feel safe to share their ideas or speak up about their concerns. This could result in a lack of trust within the team and could ultimately lead to the breakdown of the entire project.
In the long run, the negative effects on team morale could have serious implications for the success of the project, and could even impact the reputation and profitability of the company. Therefore, it is important to address this ethical dilemma and find a solution that promotes fairness, transparency, and collaboration within the team.
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technological advances allow smaller companies to compete with larger companies. group of answer choices true false
Answers
True, Technological advances allow smaller companies to compete with larger companies.
What is company?
A company is a legal entity created by a group of people to conduct and manage a business enterprise, whether it be commercial or industrial. Depending on the corporate law of its jurisdiction, a company may be set up in a variety of ways for tax and financial liability reasons. The type of business structure a company chooses, such as a partnership, sole proprietorship, or corporation, will typically depend on the industry it operates in. The ownership structure of the business is also indicated by these structures. Additionally, they can tell private from public companies. Both have different ownership arrangements, laws, and rules regarding financial reporting.
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After an economy begins to recover, suppose that the Fed quickly raises interest rates back to the level seen before the recession in order to prevent inflation. Which type of Fed policymaker would be more likely to favor this action
Answers
Answer:
Hawks
Explanation:
In simple words, A hawk, sometimes recognized as just an inflation hawk, can be understood as the policymaker or analyst who is primarily obsessed with lending rates as their contribute to monetary policy.
To maintain inflation in control, a hawk normally prefers reasonably high interest rates. In other terms, redskins are less worried with global development just like they are with downturn risk brought to pressure by rising inflation.
Thus, from the above we can conclude that the correct answer is hawk.
Explain in detail two engagments. ASAP
Answers
Answer:
easy a
Explanation:
easy a
could somebody help me?
Answers
Look at what is shows the cycle graph and that
roxanne is told by her supervisor not to use the abbreviation sq why?
Answers
Roxanne's supervisor has asked her not to use the abbreviation "sq." We do not have enough information to provide a definite answer.
However, it is possible that the abbreviation "sq." has multiple meanings or is not commonly used in the context of Roxanne's work. It is also possible that her supervisor has a personal preference against the use of abbreviations. The abbreviation "sq." could have multiple meanings such as "square," "sequel," "sequence," or "squad."
Therefore, if Roxanne's work involves technical or scientific writing, her supervisor may have advised her to avoid ambiguity by not using the abbreviation "sq." Similarly, "sq." may not be commonly used in Roxanne's field, so her supervisor may have requested her to avoid using jargon or abbreviations that might not be understood by everyone.
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The complete question is : Roxanne is told by her supervisor not to use the abbreviation "SQ." Why?
a. The use of SQ is determined by individual hospital policy.
b. SQ on the ISMP list.
c. SQ has been replaced by SC.
d. Medicaid will not reimburse for this route.
Create a job application including a cover letter and a resume. Make certain you have included your work and volunteer experience, education, and "selling points." Compare your resume to the job descriptions and respond to each of the questions asked. This should be a one- to two-page response thoroughly examining each question—this will prepare you for when you do apply for a job (if you have not already).
After reviewing the functions of human resource management identified early in the lesson, answer the following questions:
Identify the person from human resources whom you might engage. If it’s a small business, who do you think would be your contact?
Assume you were hired. What would human resources do for you as an employee? Discuss what benefits HR would offer and how, you believe, this would happen if you were to be employed in this position.
Answers
In a cover letter, you introduce yourself to potential employers and request that they consider your application. The letter is brief, often 3 to 5 paragraphs long.
What is Management?Management is the art of getting things done through and with the people in formally organized groups.
An efficient resume summary uses the following structure: Professional title (if applicable) with significant work history, plus top accomplishments (preferably measurable results) + Top Knowledge, Experience, and Values (relevant to the job and industry)
Reduce the length of cover letters to three to four paragraphs, not exceeding one page. Use an active voice while maintaining a confident, commercial enterprise-like tone. Don't start too many phrases with "I." Check for repetition and errors by reading your cover letter out loud.
Therefore, This is how you can create a job application including a cover letter and a resume.
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describe the importance of section officer
Answers
Answer:
Section officer are important to give and take the services , cater the services effectively , distribute work among the staff as evenly as possible , drafts laws , put up notes , prepare summaries , manage the relevant record and data of concerned department, reply to letters , communicate with other departments , maintain order and discipline in the section maintenance, etc
on+july+9,+mifflin+company+receives+an+$7,200,+90-day,+6%+note+from+customer+payton+summers+to+replace+an+account+receivable.+what+entry+should+be+made+by+mifflin
Answers
The entry to make on the maturity date, assuming the maker pays in full, would be without any adjusting entries is e. Debit Cash $7,200; credit Notes Receivable $7,200.
This entry records the payment of the note in full, with no adjustment or interest revenue.
How to determine the entry to make on the maturity date?To find the entry, we take into account the principal amount of the note and any accrued interest.
Given:
Principal amount = $7,200,
Note = 90-day
Interest = 6% rate.
We shall use this formula to calculate interest on a note:
Interest = Principal × Interest Rate × Time
Let's compute:
Interest = $7,200 × 0.06 × (90/360)
Interest = $7,200 × 0.06 × 0.25
Interest = $108
Since no adjusting entries have been made, the interest has not been recorded separately. So, only the principal amount is to be considered here.
The entry on the maturity date would be: Debit Cash $7,200 (which reflects the amount received)
Credit Notes Receivable $7,200 (to remove the outstanding note)
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Question completion:
On July 9, Mifflin Company receives a $7,200, 90-day, 6% note from customer Payton Summers as payment on account. What entry should be made on maturity date assuming the maker pays in full, and no adjusting entries have been made related to the note? (Use 360 days a year)
a. Debit Cash $7,282; credit Interest Revenue $82; credit Notes Receivable $7,200. O
b. Debit Cash $7,272; credit Interest Revenue $72; credit Notes Receivable $7,200.
c. Debit Cash $7,308; credit Interest Revenue $108; credit Notes Receivable $7,200.
d. Debit Notes Receivable $7,200; debit Interest Receivable $108; credit Sales $7,308.
e. Debit Cash $7,200; credit Notes Receivable $7,200.
Because market and operating conditions are different in each target market, ________. Group of answer choices all consumers will react similarly to the firm's pricing strategy the choice of a pricing strategy is specific to the target market prices need to be held constant because everything else is changing only horizontal price fixing should be used external reference prices will always be the best strategy
Answers
Answer: Your answer is "the choice of a pricing strategy is specific to the target market"
Explanation:
I did this before-
How many new jobs is the sports and entertainment industry projected to add from 2014 to 2024? answer choices
23,000
37,000
46,000
52,000
Answers
The entertainment and sport sector is expected to increase employment by 46,000 from 2014 to 2024.
The correct answer is C
What does the entertainment business mean?Film, television, radio, and print are all part of the media and leisure sector. These categories includein these categories are films, television programs, radio programs, news, music, papers, magazines, or books.
Which five entertainment sub-genres are the most popular?Becky: These six categories include humor, theater/cinema/performance, sport, music, and games. Eric: Each of those various forms of entertainment now appeals to various people in varying degrees. In addition, each of these categories has a wide range of subclasses.
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What is working capital?
Answers
Answer:
Working capital, also called net working capital (NWC), represents the difference between a company’s current assets and current liabilities.
NWC is a measure of a company’s liquidity and short-term financial health.
A company has negative NWC if its ratio of current assets to liabilities is less than one.
Positive NWC indicates that a company can fund its current operations and invest in future activities and growth.
High NWC isn’t always a good thing. It might indicate that the business has too much inventory or is not investing its excess cash.
Explanation:
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Also have a great day and good luck in your studies!
answer:
the capital of a business which is used in it day-to-day trading operation, calculated as the current assets minus the current liabilities
Explain Market Segmentation
Answers
In marketing, market segmentation is the process of dividing a broad consumer or business market, normally consisting of existing and potential customers, into sub-groups of consumers based on some type of shared characteristics.
Sorry if i was not helpful
if i was then please mark me the brainliest
Please answer both questions
Answers
Answer:
Question 3: Product based
Question 4: Service based
Explanation:
Hope this helps!!
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Define War. A violent clash of interest between/among organized groups characterized by the use of military force/ True or false
Answers
The definition of war as a "violent clash of interest between/among organized groups characterized by the use of military force" is generally considered to be accurate.
Therefore the answer is True.
However, there is ongoing debate about what constitutes a "violent clash" and what types of military force are considered legitimate in the context of warfare. Some argue that modern warfare includes forms of violence beyond traditional military force, such as cyberattacks or economic sanctions, while others argue that non-state actors and asymmetric warfare must also be considered when defining war. Despite these debates, the use of military force to achieve political objectives remains a defining characteristic of war.
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What is an assessment of what you own and what you owe?
A.
Personal balance statement
B.
Cash flow statement
C.
Budget statement
D.
Liability statement
Answers
Answer:
The A. Personal balance statement is an assessment of what you own and what you owe
Explanation:
The reason behind this is that first, the cash flow statement pictures the flux of cash from arrival to departure. The budget statement lets us know the income and the payments pre-planned for a certain project. But they don't reveal the reality, it is just an estimate. Now, the liability statement only provides us information about our expenses. While the personal balance statement lets us know our cash, our accounts receivable, our debt, and our accounts payable. So, it provides us a whole picture of our financial status.
Answer:
A. Personal Balance statement
Explanation:
A personal balance statement outlines all of your assets and liabilities.
Please Help!!!! My 5th time posting this please actually help me!
In the workplace, new devices and technologies are transforming the way we exchange information and conduct business. List and concisely describe at least six electronic communication channels used most commonly by businesspeople today.
Answers
Answer: My answer is in the photo below. Hope it helps.
To emphasis on profit alone in introducing a product to the market will misdirect managers to the point where they may endanger the survival of the business. Briefly discuss this statement
Answers
Answer: Business are not meant for profit alone. Having a business that focuses on profit has only the managers and owners in mind and not the customer's.
Explanation:
Business are not meant for profit alone. Having a business that focuses on profit has only the managers and owners in mind and not the customer's. The main goal of a business is to satisfy the customer, customers would be glad to pay for services and products, but when the whole focus is on what the managers would gain, it'll affect productivity and would make the product or service minimal compared to what is paid for.
a good intended for final use by consumers rather than business
Answers
Answer:
A consumer good is a product intended for final use by a consumer.
Explanation:
Consumer good: a good intended for final use by consumers rather than by businesses
The following is a list of important abbreviations used in the chapter. These abbreviations also are used widely in business. For each abbreviation, give the full designation. The first one is an example.
Answers
The question asks for the full designation of important abbreviations used in the chapter that are also widely used in business.
You are required to provide the full designation for each abbreviation listed. The first one is given as an example. The question asks for the full designation of important abbreviations used in the chapter that are also widely used in business.
You will need to go through the list of abbreviations provided and provide their corresponding full designations.
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a 28-year semiannual coupon bond has 3.25% coupons and the market interest rate is 2.3%. find the price of the bond today and the current yield.
Answers
The price of the bond today is $1,329.18 and current yield of the bond is 0.98%.
To calculate the price of the bond, we want to discount the cash flows from the bond, which consist of the coupon payments and the face value, the usage of the market interest rate. The formula to calculate the rate of a bond is:
Price = (C / (1 + r/n)^(n x t)) + (F / (1 + r/n)^(n x t))
wherein:
C = coupon charger = market interest raten = number of compounding durations per yeart = number of years till maturityF = face valueIn this situation, the bond has a 28-year maturity and pays semiannual coupons of 3.25%, so it has 56 coupon bills (28 years x 2 semiannual payments per year). The face price of the bond isn't given, so let's assume it is $1,000.
Plugging within the numbers, we get:
Price = (32.5 / (1 + 0.023/2)^(2 x 28)) + (1,000 / (1 + 0.023/2)^(2 x 28))
Price = $1,329.18
The price of the bond today is $1,329.18.
To calculate the current yield, we need to divide the yearly coupon payment by the price of the bond and multiply by means of 100%. the yearly coupon price is 2 x 3.25% = 6.5%.
current yield = (Annual coupon price / price) x 100%
current yield = (0.065 x 2 / $1,329.18) x 100%
current yield = 0.98%
The current yield of the bond is 0.98%.
Therefore, the price of the bond today is $1,329.18 and current yield of the bond is 0.98%.
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Suppose the production function is given by Q = 3K + 4L. What is the average product of capital when 10 units of capital and 10 units of labor are employed?A. 3B. 4C. 7D. 45
Answers
We have that, the average product of capital when 10 units of capital and 10 units of labor are used is 3. (Option A)
To calculate the average product of capital, we need to divide total output (Q) by the amount of capital (K) used.
Q = 3K + 4L (given production function)
When 10 units of capital and 10 units of labor are employed, output (Q) can be calculated as:
P = 3(10) + 4(10) = 30 + 40 = 70
The amount of capital used is 10 units. Therefore, the average product of capital is:
APK=Q/K=70/10=7
Option D (45) is not correct because it does not match the calculation. Option B (4) is not correct because it is the coefficient of L, not K. Option C (7) is not correct because it is the average product of labor, not capital. The correct option is A (3).
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what variances can be computed using the three data elements of pv, ac, and ev, in the earned value/schedule system?
Answers
Variances can be computed using the three data elements of pv, ac, and ev, in the earned value/schedule system, are Schedule Variance (SV), Cost Variance (CV), Schedule Performance Index (SPI), Cost Performance Index (CPI).
Schedule Variance (SV) measures the difference between the earned value (EV) and the planned value (PV) and represents the schedule performance of the project. The formula for SV is EV - PV.
Cost Variance (CV) measures the difference between the earned value (EV) and the actual cost (AC) and represents the cost performance of the project. The formula for CV is EV - AC.
Schedule Performance Index (SPI) measures are the schedule efficiency of the project and is calculated by dividing the earned value (EV) by the planned value (PV). The formula for SPI is EV / PV.
Cost Performance Index (CPI ) measure the cost efficiency of the project and is calculated by dividing the earned value (EV) by the actual cost (AC). The formula for CPI is EV / AC.
Overall, these variances and indices help project manager monitor or their projects progress and make adjustments as needed to ensure successful project completion.
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An article in a newspaper explains that a new business is about to open.
Answers
Answer:
So what's the question......??????
If you could replace all of the grass in the world with something else, what would it be and why?
Answers
Answer:
I would replace it with cannabis, everyone is happier when there is green :)
Explanation:
Answer:
I would replace it with oil because oil is a rare resource
Explanation:
On December 31, 2016, Continuous Computing leased a set of servers from Harry’s Hardware with annual payments of $45,000 for 3 years. The servers are expected to have a useful life of 4 years and have an ordinary selling price of $140,000. Continuous Computing’s average borrowing rate is 6%. On January 1, 2018, the lease is renegotiated to be extended by two years and lease payments increase to $65,000 per year, effective immediately. Harry’s Hardware originally purchased the servers for $80,000 and depreciates all assets according to the straight-line method. PLEASE PLEASE SHOW ME WHERE ARE THE NUMBERS COMING FROM.
Answers
The numbers in this scenario come from the terms and conditions of the lease agreement between Continuous Computing and Harry's Hardware, and the accounting practices of both companies.
In this scenario, Continuous Computing leased servers from Harry's Hardware on December 31, 2016, for three years with annual payments of $45,000. The servers have an ordinary selling price of $140,000 and a useful life of four years. Continuous Computing's average borrowing rate is 6%. On January 1, 2018, the lease was renegotiated, extending it by two years, and the annual lease payments increased to $65,000.
To better understand the numbers, let's break it down:
1. Lease term: Initially, the lease was for three years, but it was extended by two years after renegotiation, making the total lease term five years.
2. Annual lease payments: Initially, the annual lease payment was $45,000. After renegotiation, it increased to $65,000.
3. Ordinary selling price: The servers have a selling price of $140,000.
4. Useful life: The servers are expected to be useful for four years.
5. Average borrowing rate: Continuous Computing has a 6% borrowing rate.
6. Harry's Hardware's purchase and depreciation: Harry's Hardware purchased the servers for $80,000 and uses the straight-line depreciation method.
The numbers in this scenario come from the terms and conditions of the lease agreement between Continuous Computing and Harry's Hardware, and the accounting practices of both companies. The initial annual lease payment of $45,000 and the renegotiated payment of $65,000 are agreed upon by both parties. The useful life of the servers and their ordinary selling price are determined by the manufacturer and market conditions. Finally, the depreciation method and original purchase price of the servers come from Harry's Hardware's financial records.
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Write down the steps of the marketing research approach in the correct order.
Answers
Answer:
Explanation:
The Marketing Research Process is comprised of 6 steps: 1: Problem Definition, 2: Development of an Approach to the Problem, 3: Research Design Formulation, 4: Field Work or Data Collection, 5: Data Preparation and Analysis, 6: Report Preparation and Presentation.