What kind of relationship exist between demand for a good and price of its substitute goods? (a) Direct (b) Inverse (c) No effect (d) Can be direct or inverse
Q: n today’s situation of Covid -19 Pandemic when the offline world is affected severely. Comment on…
A: The conclusion of instructive exercises in the Kingdom of Saudi Arabia because of the continuous…
Q: A primary beneficiary would be named for which of the following types of Accident and Heallh…
A: Primary beneficiaries:- A primary beneficiaries are someone or anything that is first among all who…
Q: Price Quantity Demanded Total Revenue (Dollars per gallon) (Gallons of water) (Dollars)
A: Extracting the required data from the given table The profit maximizing price = 1.80 (MR=MC) per…
Q: If the seller manufacturing the books with costing $10 per book. the seller sells 500 books at a…
A: Total number of books (Q) = 500 Price of each books (P) = $100
Q: Consider a river found in the city of Philadelphia, and then answer the questions that follow.
A: The economic profit is the excess revenue made by the firm after deducting the total cost of…
Q: Recruitment Costs Interview Costs Job Posting fee 1st year fee Real Estate Fee Shipping fee Family…
A: Given; Interview costs= $2000 per personJob Posting fee= $10001st year fee= 10%Real Estate fee= 6%…
Q: What potential ethical issues could arise from making the decision to have both employees specialize…
A: Opportunity cost is the worth of the following best elective when a choice is made; it is…
Q: Solve subparts from a to c
A: Given that SoftMicro is a monopolist
Q: The Ford Pinto met federal safety standards, yet it had a design flaw that resulted in serious…
A: Introduction: Safety standards are guidelines meant to assure the safety of products, activities,…
Q: solve and show steps, please (3) A mobile phone provider charges $3.75 plus $0.15 per minute for…
A: Given: It charges $3.75 for every call irrespective of minutes, hence, fixed cost = $3.75 It charges…
Q: In the design of a certain high-end product, a component material that was used came from a cheap…
A: Here, it is given that a high-end product uses a specfiic component material that came from cheap…
Q: A graduating senior has been accepted by three uni- versities for an M.S. in engincering. Two…
A: The Total score of the university can be calculated by: Total Score = Weight for Academic Rank ×…
Q: Question 2, subparts d-f
A: Answer 2.) A. Amount of US required = 2000 × 1.22 = 2440 B. Amount of USD required = 1500 × 0.93…
Q: various entry modes (advantages and disadvantages)
A: Direct exporting: In this kind of transaction, the businessman has his finished products exported to…
Q: A research design is a systematic approach that a researcher uses to conduct a scientific study.…
A: In research, there are two basic ways to gathering and reporting data: qualitative and quantitative…
Q: LEAST COST METHOD DESTINATION SOURCES SUPPLY 1 3 1 4 300 2 400 8 3 3 2 500 DEMAND 250 350 400 200 5.
A: The Least Cost Method is a method in transportation problem which is used to derive initial feasible…
Q: solve the price spread in practical notebook where total 100 quintal produce, the consumer pays Rs…
A: Price spread means the difference between the price paid by the consumers and the net price received…
Q: If the benefit-cost ratio is 0.5, this means: a. benefit is 50% more than its cost b. benefit is…
A: The benefit-cost ratio is the analytical tool to identify the cost and benefit related to a specific…
Q: Price ($) Quantity Demanded per Year Quantity Supplied per Year 10 2000 200 20 1600 400 30 1200 600…
A: Given,
Q: Question : Assume that an individual is planning to go to the USA to get a master's degree in…
A: Rational decision making involves various steps : Identify the Problem Establish Decision Criteria…
Q: em (eg: poor service or food at a restaurant or poorly functioning computer). Indicate how
A: Quality of product is being considered a top priority.The most appropriate and common instance is…
Q: NO 2 Solve and show the complete solution.
A: Location factor rating is the simple methodology of identifying and selecting the location…
Q: Consumer only wants low price product no need for quality Yes No
A: Consumers prefer lower price but they give importance to the quality of the product.
Q: Do consumer behavior strategic recommendations- Words Required: 600
A: Consumer is a person or an individual who buys goods and services at a common price. It is the price…
Q: 2. A person considers the following four criteria for buying a car. The pairwise comparison matrix…
A: The weights are supposed to represent the relative significance of the different products and…
Q: Concent of competitive advantag the aspect of qualify LOW COST technology and other
A:
Q: U.S. and international agencies provide policies andregulations to guide managers in product…
A: Economic policies: The monetary arrangement of governments covers the frameworks for setting tax…
Q: Circle the letter associated with the correct answer and write the correct letter on the line (and…
A: Here, total sales of gasoline at different price level is given for Slurpico Station in West Valley…
Q: Individual factor and situational factor
A: Samsung, the world's largest smartphone and memory chip manufacturer, forecasted increased profits,…
Q: Spare production Capacity stock or finished products and compliments ease in cost factor a…
A: Price elasticity of supply refers to the change in the quantity supplied with respect to changes in…
Q: uppose we know that p=1,056- D/5, where p = price in dollars and D = annual demand. The total cost…
A: Given information: p = 1056 - (D/5) --------> Demand function TC = 1000 + 2D2 ----------> Cost…
Q: a) acquire and capture customer data for product categories b) determine the level of interaction…
A: Customer needs can relate to physiological endurance and convictions that all is well with the…
Q: Question 8 Read the following scenario and answer the succeeding questions. Scenario 6: A young…
A: Given: The supplier is willing to sell a bag of firewood for = R28.00 The cost per accommodate bag…
Q: When evaluating possible alternatives, consumers should look for (a) the highest quality alternative…
A: In the financial market, when people want to make economic activities they will analyze different…
Q: Identify the Tesco Ethical Issue.
A: Tesco plc, headquartered in Welwyn Garden City, England, is a worldwide grocery and general…
Q: Agricultural Decision a) A farmer has a 10-acre field and can grow either whear or barley on it. If…
A: Production possibility frontier denotes all the points of production where all the resources in the…
Q: Company Dream Ltd has a demand of 75 Lakhs per year. Setup cost and holding cost are 29 and 35 per…
A: Given that; Annual demand = 75 lakhs per year Setup cost = $29 per unit Holding cost = $35 per unit…
Q: PRICE per large pepperoni pizza QUANTITY DEMANDED of large pepperoni pizzas QUANTITY SUPPLIED of…
A: Meaning of Demand and Supply: The term demand refers to the willingness of an individual to…
Q: Explain the companies often use this formula to determine how much of a certain item to order: Q = √…
A: Given, D = 400 S = 36 H = 2
Q: Homework2: A construction company had a number of projects and needed to a construction equipment to…
A: In this question:- A construction company need a construction equipment which they will use for 5…
Q: When the price =50000- 200(Demand), the demand that maximize the profit=100 units, fixed cost=$500…
A: The demand shows the negative relationship between the price level and quantity demand. The curve is…
Q: The measure of the effectiveness of an investment of capital. The quantity of production at which…
A: Explanation - Breakeven point as the name suggests, is the level of production at which the total…
Q: Calculate a Goal Value Standard using the following information: A x B x (C x D) = Item Value…
A: The variable cost is the cost that varies with the level of output produced. The cost does not…
Q: Total revenue is $4400 and output is 220 Find the value of average revenue
A: Total revenue is value of output sold at a particular price. For profit, total revenue should be…
Q: one of the following is not a physical functioning componen Select one: O a. activities of daily…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: What is total revenue if price and quantity and $5 and 20 units
A: Given: Price = $5 Quantity = 20 units
Step by step
Solved in 2 steps
- Five fact about gasoline price.DEPENDENT VARIABLE Qc R- SQUARE P- VALUE ON F 64 0.8093 0.0001 INDEPENDENTVARIABLE PARAMETER ESTIMATE STANDARD ERROR T-RATIO P-VALUE INTERCEPT 8.20 4.01 2.04 0.0461 PC -3.54 1.64 -2.16 0.0357 M 0.64287 0.19 3.38 0.0014 PA 0.7854 0.38 2.07 0.0439 9. Calculate the price elasticity, cross-price elasticity, and income elasticity of demand for cement. Explain these figures. Q = f( P, M, PR) where Qc = demand for cement/month (in yards) Pc = the price of cement per yard, M = country’s tax revenues per capita, and PR = the price of asphalt per yard.15 to 20 min only I need only correct answer with explanation no ai they will find it using turnit explanation is needed Approach to solving the question: ***To solve for the elasticity of supply using the midpoint method, we use the formula; Elasticity = [(Q2 - Q1)/{(Q2 + Q1)/2}] / [(P2 - P1)/{(P2 + P1)/2}]
- a) What is the value of the slope of the demand curve? A: (5.5, 38.5) B: (11, 33) C: (33, 11) D: (38.5, 5.5) Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.(a)Diagrammatically show and explain how oil prices dropped as concerns over fuel demand in the near term in COVID-19 pandemic hit Europe and the United States. (b)Diagrammatically show and explain what happened to the oil market if the price remained unchanged despite the concerns over the fuel demand. (c)You sell two different goods: printers and toner cartridges. The price elasticity of demand for the printers is -3.4, and you earn a revenue of RM15,000 per month from the good. You earn a revenue of RM5,000 per month from the toner cartridges. The cross price elasticity of demand for both of the goods is -2.5. If you decide to decrease the price of the printers by 5%, calculate your new total revenues for…The equation of an estimated demand function is as follows: - QdA (Quantity demand for A) = 200.5 - 2.5 Pa - 1.5Pb + 3.5 I where, Pa = Price of A Pb = Price of B [It is a related product] I = Income (i) Determine the demand when Pa = $ 500, Pb = $ 100 and I = $ 3000 (ii) Estimate the price elasticity, cross-price elasticity and income elasticity of the demand according to point method. (iii) Estimate the elasticity of the demand according to proportion method if Pa2 = $ 515, Pb2 = $ 105 and I = $ 3500.
- Please no written by hand Budget Selections to Build Demand As a commuter you have a budget of $250 to spend on gasoline each month. You drive a car that gets 20 miles per gallon (MPG). You can purchase 100 gallons of gasoline per month at the current price of $2.50 per gallon. Demand Schedule Price Quantity Commuting Errands Mp Social Activities Vacations $2.50 97.5 Drive Alone (700 miles) Small Trips as Needed (550 miles) Trips to City (350 miles) Out-of-State (350 miles) $3.00 Current price: $3.00/gallon Car Pool (425 miles) 2x per week (300 miles) Trips to Local Park (120 miles) In-State (200 miles) Add to schedule Previous $3.50 Public Transportation (60 miles) Next 1 Trip per Week (150 miles) Stay in Neighborhood (40 miles) > Stay-cation (50 miles) $4.00 QUANTITY 35 27.5 17.5 17.5 97.5 gallons Keynote $4.50 COST $105.00 $82.50 $52.50 $52.50 $292.50 of $250The firm’s vice president in charge of marketing believes that every 8% decrease in the selling price of one of the company's products would lead to a 26% increase in the product's total unit sales. The product's absorption costing unit product cost is ₱18.20. The variable production cost is ₱1.90 per unit and the variable selling and administrative cost is ₱2.30 per unit. The product's price elasticity of demand is closest to: a. -2.82 b. -4.41 c. -2.00 d. -1.79 The product's profit-maximizing price is closest to: a. ₱33.77 b. ₱3.60 c. ₱2.97 d. ₱6.57Please Full solution