The elasticity coefficient is determined by looking at the percentage change in quantity divided by the percentage change in price. With that in mind, if the price of gasoline changes by 20% and there is a corresponding 10% change in quantity demanded, what is the elasticity coefficient

Answers

Answer 1

Answer:

Elasticity coefficient = 0.5

Explanation:

Elasticity coefficient = percentage change in quantity demanded / percentage change in price

percentage change in price if gasoline = 20%

percentage change in quantity demanded = 10%

Elasticity coefficient = percentage change in quantity demanded / percentage change in price

= 10% / 20%

= 1/2

= 0.5

Elasticity coefficient = 0.5


Related Questions

A company is considering a capital investment of $45,000 in new equipment which will improve production and increase cash flows by $15,000 per year for 6 years. The payback period is years.

Answers

Answer:

3 years

Explanation:

Calculation to determine The payback period

Using this formula

Payback period=Capital investment/ Increase cash flows

Let plug in the formula

Payback period=$45,000/$15,000

Payback period=3 years

Therefore The payback period is 3 years

In order to encourage more interdepartmental communication and cooperation, Angelica is thinking about setting up groups of workers from different departments to work together on a long-term basis. She is even thinking about asking people from some of Mucho Dinero's suppliers, customers, and distributors to join these groups. The type of group that Angelica is considering is known as a(n)

Answers

Answer:

Cross functional team

Explanation:

When a team or group is composed of individuals with different functional expertise, technical skills or prowess, then we could call the group a cross functional group or team. The word cross function means that the group with the help of team work is capable of performing or functioning across a number of differ roles and taking up diverse responsibilities. A cross functional team may be composed of a finance expert, a human resource specialist, an engineer and so on. The team my be assembled depending on the task at hand and what the organization aims to achieve.

Mae and Joe form a partnership. Mae contributes $3,000 in cash, and Joe contributes his services. Throughout the life of the partnership, Mae also lends the partnership $1,000. Upon dissolution of the partnership, $2,500 is left in the partnership assets after all outside creditors have been paid. Absent a partnership agreement to the contrary, how should the partnership assets be distributed

Answers

Answer:

The partnership assets should be distributed $ 1875 for Joe and $ 625 for Mae.

Explanation:

Since Mae and Joe form a partnership, and Mae contributes $ 3,000 in cash, and Joe contributes his services, and throughout the life of the partnership, Mae also lends the partnership $ 1,000, and upon dissolution of the partnership, $ 2,500 is left in the partnership. assets after all outside creditors have been paid, absent a partnership agreement to the contrary, to determine how the partnership assets should be distributed the following calculation must be performed:

Joe = 3000

Mae = 1000

Joe 3: 1 Mae

2500/4 x 3 = Joe = 1875

2500/4 = Mae = 625

Therefore, the partnership assets should be distributed $ 1875 for Joe and $ 625 for Mae.

Individuals can differentiate themselves by making human capital investments, just as a firm can differentiate itself by paying higher wages.

A. True

B. False

Answers

Answer: True

Explanation:

Human capital refers to the skills, health and knowledge that people invest in which allows them to realize their potential.

Individuals can differentiate themselves by making human capital investments. This enables them standout from others just exactly as a firm can differentiate itself by paying higher wages.

Acme Corp. is conducting a business impact analysis for the threat of ransomware impacting its organization. The company determines that there is a 1 percent risk of a significant ransomware attack in any given year. Overall annual revenue for the company is valued at $10,000,000 and estimates are that a large ransomware attack would cause approximately $1,000,000 in damage. What is the Estimated Threat Impact (ETI) in this scenario? Group of answer choices $1,000,000 $10,000 $10,000,000 $100,000

Answers

Answer: $1,000,000

Explanation:

Risk impact assessment refers to the method of assessing the probabilities of a particular risk and its consequences in case they are realized.

Based on the question, since there's an estimate that a large ransomware attack would cause approximately $1,000,000 in damagez then the estimated threat impact is $1,000,000.

Of the four consumer protection groups listed below, identify which groups are government agencies and which are non-governmental. I. Better Business Bureau II. Consumer Product Safety Commission III. Consumers Union IV. Food and Drug Administration a. I and II are governmental; III and IV are not. b. II and III are governmental; I and IV are not. c. II and IV are governmental; I and III are not. d. III and IV are governmental; I and II are not. Please select the best answer from the choices provided A B C D

Answers

Answer:

c. II and IV are governmental; I and III are not.

Explanation:

A government agency is usually a permanent organization established by either a state or national government in a federal system. They are established by legislative or executive powers for oversight and administration of specific functions. Examples of government agencies are Food and Drugs Administration (FDA), Consumer Product Safety Commission, Intelligence, Finance and Communications agency.

Non-governmental agency usually referred to as NGOs is a non-profit.

Of the four consumer protection groups listed above, Consumer Product Safety Commission and Food and Drug Administration are governmental; Better Business Bureau and Consumers Union are not.

Answer:

the answer is C  

II and IV are governmental; I and III are not.

Explanation:i took the test

The base rate of managerial incompetence is estimated at 25 to 30 percent. Group of answer choices True False

Answers

Answer:

The answer is "False".

Explanation:

Incompetence in Leadership Managerial incompetence can be defined as an inability to carry out its leadership tasks and responsibilities successfully. Managers execute several tasks, mainly of supervisory character, in any conventional organization.

There are six main reasons for managerial incompetence. Derailment is indeed a loss of self, a lack of understanding of conditions, a lack of intellect and technical knowledge.

What is offshoring and why is it a cause of structural unemployment in the United States?
A. It is when new resources replace old resources which leads to shutting down mines and plants.
O
B. It is when consumers stop buying one product in favor of another which means eliminating factories.
о
C. It is when new inventions and ideas push out older ways of doing things which means closing markets.
O
D. It is when companies relocate facilities to countries where costs are lower which means relocating jobs.

Answers

Answer:

O D. It is when companies relocate facilities to countries where costs are lower which means relocating jobs.

Explanation:

Offshoring is when companies make foreign countries their company's base. In other words, we can say offshoring is the practice of placing one's company based in other countries. Like, when US-based companies are based in India, that means offshoring.

This professional practice is an example of structural unemployment in the US because it means relocation of the jobs, thereby resulting in employees moving to the "offshore" base.

Thus, the correct answer is option D.

Coca-Cola vending machines are found all over the world. The newest machines have an interactive screen that runs advertisements and allows users to obtain free photos of themselves and ringtones after they have bought a drink. Critics of these new vending machines are concerned that entertaining technology is being used to market sugary products. In terms of a SWOT analysis, this concern from outside critics would be an example of a(n):

Answers

Answer:

Threat

Explanation:

From the question we are informed about Coca-Cola who was vending machines are found all over the world. The newest machines have an interactive screen that runs advertisements and allows users to obtain free photos of themselves and ringtones after they have bought a drink. Critics of these new vending machines are concerned that entertaining technology is being used to market sugary products. In terms of a SWOT analysis, this concern from outside critics would be an example of a threat.

SWOT analysis can be regarded as business analysis which make sure that there is definition for objectives of a project and all factors that has relation to the project are properly identified. It encompass four areas, these are

✓Strengths

✓Opportunities

✓ Threats

✓Weaknesses

Threats can be regarded as anything which can destroy ones organization or company or product.

When a provider signs a contract to be a participating provider with an insurance payer they are agreeing to:

Answers

Answer:

Accept the fee schedules set by the insurance company.

Explanation:

A participating provider is defines as one who has entered into a written agreement with an insurance company to provide a given range of Medicare Part B services on an assigned basis.

Usually various fees are scheduled for each of the services provided.

The discount on services in this instance is not much and they are always obligated to provide service.

On the other hand preferred provider is one who provides services at a discount.

True or false. Unintended market conditions, including black markets and shortages, can occur through the price restraint of a price ceiling set above the market-clearing price.

Answers

Answer:

false

Explanation:

Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.

Price floor set above the market-clearing price is non binding

Effects of a binding price ceiling

1. It leads to shortages

2. it leads to the development of black markets

3. it prevents producers from raising price beyond a certain price

4. It lowers the price consumers pay for a product. This increases consumer surplus

rey Wolf, Inc., has current assets of $2,360, net fixed assets of $11,200, current liabilities of $1,445, and long-term debt of $4,170. a. What is the value of the shareholders’ equity account for this firm? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. How much is the company's net working capital? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Answers

Answer:

A. $7,945

B. $915

Explanation:

a. Calculation to determine the value of the shareholders' equity account for this firm

Using this formula

Owners' equity = Total liabilities and owners' equity − Current liabilities − Long-term debt

Let plug in the formula

Owners' equity = $13,560 − 1,445 − 4,170

Owners' equity = $7,945

Therefore the value of the shareholders' equity account for this firm is $7,945

b. Calculation to determine How much is the company's net working capital

Using this formula

Net working capital = Current assets − Current liabilities

Let plug in the formula

Net working capital = $2,360 − 1,445

Net working capital = $915

Therefore the company's net working capital is $915

Notice that real GDP trends upward over time but experiences ups and downs in the short run. A period of declining real GDP, such as the blue-shaded period in 1957, is known as . True or False: Small ups and downs in real GDP follow a consistent, predictable pattern. True False Which of the following probably occurred as the U.S. economy experienced declining real GDP in 1957

Answers

Answer: • Recession

• False

• The unemployment rate increased.

Consumer spending declined.

Explanation:

1. Notice that real GDP trends upward over time but experiences ups and downs in the short run. A period of declining real GDP, such as the blue-shaded period in 1957, is known as (Recession)

Recession is the significant decline in the economic activity which lasts for more than a few months, which results in a fall in GDP, employment, real income, and industrial production.

2. Small ups and downs in real GDP follow a consistent, predictable pattern. - False

It should be noted that small ups and downs in real GDP doesn't follow a consistent, predictable pattern

3.Which of the following probably occurred as the U.S. economy experienced declining real GDP in 1957

The unemployment rate increased.

Consumer spending declined.

A fall in real GDP will lead to a fall in the demand of goods and services as consumer spending reduces. Also, the unemployment rate increases as some workers may be laid off due to reduction in demand.

_____ refers to the degree to which the organization monitors and responds to changes in the external environment.

Answers

Answer:

open system focus

Explanation:

An aging of a company's accounts receivable indicates that $15800 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1210 credit balance, the adjustment to record bad debts for the period will require a credit to Allowance for Doubtful Accounts for $15800. debit to Allowance for Doubtful Accounts for $14590. debit to Bad Debt Expense for $15800. debit to Bad Debt Expense for $14590.

Answers

Answer:

debit to Bad Debt Expense for $14590.

Explanation:

The computation is shown below:

= Uncollectible estimated balance - credit balance of the allowance for doubtful debts

= $15,800 - $1,210

= $14,590

The same should be debited to the bad debt expense

Hence, the last option is correct

Kendra needs to rate five of her subordinates. She make a chart of all possible pairs of employees for each trait being evaluated. Then, she indicates the better employee of each pair with a positive symbol on the chart. Finally, she totals the number of positive symbols for each employee. Which method of performance appraisal has Kendra most likely used?

Answers

Answer:

Paired comparison

Explanation:

PAIRED COMPARISON can be defined as the way or process in which employee are been COMPARED against others employees using a particular traits by making a chart or matrix of all feasible pairs of employees for each trait that was evaluated and by indicating the best employee of each of the pair with either a tick mark or a positive symbol on the chart or matrix in order to determine the best employee.

Therefore the method of PERFORMANCE APPRAISAL that is most likely used is PAIRED COMPARISON

Your customer has heard about precious metals funds. He asks about the types and amounts of various precious metals these funds might own. You tell him he has mistaken the focus of these funds. A gold fund, for example, might own: A) boxcars of gold ore. B) Barrack Gold Corporation common stock. C) ingots of gold of only a certain size. D) gold in a variety of forms, including sheets, wires, and ingots.

Answers

Answer:

B) Barrack Gold Corporation common stock.

Explanation:

Barrick Gold Corporation deals in the mining company that generated the gold & copper having sixteen operating sites in thirteen countries

Also it headquarter is in ontario, canada, etc

So as per the given situation, it is the common stock of the barrack gold corporation

Therefore the option b is correct

What is NOT an aspect of agile and dynamic business processes? a) Developed to assist in incremental process improvement d) Change requires significant redesign work e) Quick to support shifting business requirements c) Allows for firms to take advantage of the newest innovations b) Relies on an advanced degree of information technologies

Answers

Answer:

d) Change requires significant redesign work

Explanation:

It is correct to say that work redesign is not an aspect of agile and dynamic business processes, as it is a process of molding work functions, which can occur gradually according to new technologies and internal and external changes of the organizational environment.

The work redesign will reorganize the work in an organization, which can be a positive point that helps the company to update itself on the best practices and work processes, but it requires constant efforts by the organization in relation to training and adaptation of employees, which can be a long process for organizations.

Trish Himple owns a retail family clothing store. Her store is located at 4321 Heather Drive, Henderson, NV 89002. Her employer identification number is 95-1234321 and her Social Security number is 123-45-6789. Trish keeps her books on an accrual basis. The income and expenses for the year are:

Answers

Answer:

Trish has income of $211,000

Expenses are $186,000

Explanation:

Income :

Returns and Allowances $340,000

Cost of Goods Sold $326,000

Other deductions $14,000

Gross Profit is $211,000

Explain the relevance of opportunity cost for a travel firm in deciding how to use its
resources

Answers

Explanation:

Weighing opportunity costs allows the business to make the best possible decision. If, for instance, the company determines an alternative choice's opportunity cost is greater than what the company gains from its initial decision, the company can change its mind and pursue the alternative choice.

Frank is the expert on the credit pricing process. He knows all the ins and outs. His employees just follow his process and are very efficient. His leadership style is

Answers

Answer:

"Autocratic " is the right answer.

Explanation:

An assign responsibility in which one leader is increasingly together all choices and makes a minimal contribution from several other organizational participants.Throughout circumstances where urgent progress can be made as well as risky or time, unfortunately, the same kind of judgment call seems to be acceptable.

The leadership style of Frank is autocratic. Since he is giving orders to his employees without concerning their opinion.

What is autocratic style of leadership?

Autocratic style of leadership can be defined as the style of leadership in which an individual control all the decision and there is a little input from the group members. The autocratic leaders barely take advises from the group members or the followers and all the choices and decisions are exclusively based on their ideas and opinions.

In the given case, Frank knows all the ins and out of the process makes his employees just to follow his orders. Therefore the leadership style adapted by Frank is autocratic.

Learn more about autocratic leadership style here:

brainly.com/question/26430631

Si hacemos una compra en cuenta corriente ¿ obtenemos un "descuento" en el precio de un objeto o un recargo en el mismo ?

Answers

Answer:

Un recargo, pequeño, en el mismo.

Explanation:

Una cuenta corriente es una cuenta bancaria destinada a depósitos y retiros corrientes, y la utilización de cheques a tales fines. Dado que el uso de cheques como medio de pago ha disminuido a niveles muy bajos, la emisión de cheques ha disminuido y, en ocasiones, se ha abolido por completo. Sin embargo, la cuenta corriente a nombre sobrevive en algunos casos en el habla cotidiana.

El propósito de una cuenta de transacciones es usarse para una gran cantidad de depósitos y retiros. Los términos y condiciones de la cuenta normalmente incluyen el derecho a realizar un número ilimitado de transacciones con los fondos de la cuenta sin ningún tipo de bloqueo u otras medidas de limitación de liquidez. Por otro lado, el banco normalmente ofrece tasas de interés muy bajas o nulas sobre los fondos en circulación.

Hoy en día, la cuenta de transacciones a menudo está vinculada a varias formas de soluciones de banca por Internet para permitir pagos y otras transacciones a través de la computadora del cliente del banco. El banco también suele proporcionar tarjetas de cajero automático o tarjetas de débito a particulares con cuentas de transacciones.

Shared development of innovations among several departments is emphasized by the _____ approach to innovation

Answers

Answer:

horizontal linkage

Explanation:

In a value chain horizontal linkages involve cooperation among different departments aimed at building interdependence, trust, and resource pooling in order to achieve a set goal.

It is made up of relationships between people or department that are equal in an organisation.

Shared development innovations are more easily implemented by using the horizontal linkage model. Participants are more willing to express themselves freely and work collaboratively to achieve set goals.

An inspector should report on vegetation around the home when it may adversely affect the structure due to ____

Answers

Answer:

Moisture intrusion

Explanation:

..........

Even though there are many state-owned businesses in China, many Western businesses feel that they should still invest in the country because

Answers

Answer:

The nation is moving toward a market-based system

Explanation:

Capital

This is simply tools, equipment, machinery, and buildings used to produce goods and services.

Economic System

This is simply refered to as the way or method used by a society to allocates its resources (land, labor, capital and entrepreneurship) to satisfy its needs.

Command economy

This is known as an economic system that depends on the central government to make all of the decisions in terms of supply and demand rather than allowing the market to freely identify consumers' demands and industry's ability to supply

Which regulation primarily cover medical retention standards? AR 40-501 AR 220-1 AR 600-8-1 FM 6-22

Answers

Answer:

The regulation that primarily covers medical retention standards is

AR 40-501

Explanation:

AR 40-501 provides the guidelines for determining the medical fitness of US Armed personnel.  This implies that those who do not meet the requirements are not retained for military services.  The AR = Army Regulation. AR 220-1 deals with the protection of immigrants and refugees.  AR 600-8-1 deals with armed personnel casualties while FM 6-22 is about Army publications.

A Target retail store in Phoenix, Arizona stocks CDs with Spanish-speaking singers because its shoppers want to buy this type of item, even though the typical Target store does not stock this item. This is an example of:

Answers

Answer:

Managing diversity.

Explanation:

Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research. Thus, it comprises of all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers. It typically, involves understanding customer needs, building and maintaining healthy relationships with them in order to scale up your business.

The example in this scenario depicts managing diversity because the product isn't tailored to a particular language rather it's multilingual.

An unplanned increase in inventories​ _______. A. occurs when real GDP exceeds aggregate planned​ expenditure, so firms decrease production and real GDP decreases B. occurs when real GDP exceeds aggregate planned​ expenditure, so firms increase production and real GDP increases C. occurs when aggregate planned expenditure exceeds real​ GDP, so firms increase production and real GDP increases D. occurs when aggregate planned expenditure exceeds real​ GDP, so firms decrease production and real GDP decreases E. increases​ investment, which increases equilibrium expenditure and real GDP

Answers

Answer: C. occurs when aggregate planned expenditure exceeds real​ GDP, so firms increase production and real GDP increases

Explanation:

When the Aggregate expenditure which is also known as Aggregate demand, exceeds the real GDP, it means that there is more demand for goods in the economy than the economy has currently produced.

Producers would therefore increase their production level in order to meet up with the new demand and return to a level of inventory that they are comfortable with. This increased production was not planned so any inventory it yields is unplanned as well.

if a company has 5 employees with annual salaries of $90,000, $60,000 ,$70,000 ,$90,000 and $20,000 respectively, what is the mean annual salary at the company?

Answers

Answer:

Mean annual salary = $66,000

Explanation:

Given the following data;

Number of employees = 5Employee's salaries = $90,000, $60,000 ,$70,000 ,$90,000 and $20,000.

To find the mean annual salary at the company;

First of all, we would find the total amount of salaries.

Total amount = 90,000 + 60,000 + 70,000 + 90,000 + 20,000

Total amount = $330,000

Next, we would calculate the mean annual salary at the company;

[tex] Mean \; annual\; salary = \frac {Total \; salary}{Number \; of \; employees} [/tex]

Substituting into the above formula, we have;

[tex] Mean \; annual\; salary = \frac {330,000}{5} [/tex]

Mean annual salary = $66,000

Answer:

66,000

Explanation:

Which of the following sales would be covered by Article 2 of the Uniform Commercial Code? Group of answer choices the sale of intangible goods the sale of tangible goods the sale of real estate the sale of stocks

Answers

Answer:

the sale of tangible goods

Explanation:

Article 2 is applied for the contract that made for selling the goods. the goods that are identifed at the time when the contract is created and could be moved. It mainly deals with the tangible things like computers, cars, pens, etc

The intellectual property and intangible should not be cover in this

Therefore the above should be considered

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