a manager in an industry with some market power can use information about which of the following to determine a profit-maximizing price? multiple choice question. demand elasticity unit elasticity supply elasticity

Answers

Answer 1

A manager in an industry with some market power can use information about the demand elasticity to determine a profit-maximizing price. This means that demand elasticity is the correct option from the given terms.

Market power is defined as the ability of an organization or company to affect the price or quality of the products they produce. When a company has market power, it has the power to influence the market by controlling the price of goods or services and the quality that customers get from them.

The elasticity of demand is used by firms to measure the impact of price changes on demand, which helps them in determining the right pricing strategy.

A product's demand elasticity is a measure of how sensitive its demand is to price changes. It can be calculated by dividing the percentage change in the quantity demanded by the percentage change in the product's price.

The general rule for a firm with market power is to charge a higher price when the demand is inelastic and a lower price when it is elastic.

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Related Questions

What is information that CANNOT be measured and expressed in numbers? Question 1 options: Personal Information Target Market Data Qualitative data Quantitative data

Answers

Answer:

Qualitative data

Explanation:

Qualitative data is one that is used to characterise and categorise attributed of a population, as such it does not involve the use of numbers.

For example sex, state of origin, citizenship, name, and so on.

On the other hand the other options can be expressed as numbers. That is Personal Information, Target Market Data, and Quantitative data.

Basically qualitative data is descriptive rather than quantitative

Can someone pls help me with this? I'll give Brainliest :]

Can someone pls help me with this? I'll give Brainliest :]

Answers

Answer:

sure but how can i help

Explanation:

A cross-functional work team is having difficulties in operating smoothly, and friction has developed among some of the members. Many of the strongest complaints are from the representatives of management who complain that the research scientists are disorganized, haphazard, and undisciplined. Managers complain that the scientists do not adhere to any fixed rules or procedures. On the other hand, the research scientists complain that the managerial representatives are excessively rule-oriented bureaucrats and have no flexibility or spontaneity. The MAIN problem with this team seems to be centered around differences in: _________

a interpersonal orientation
b.time orientation
c goal orientation
d. formality of structure

Answers

The main problem with this team seems to be centered around differences in the formality of structure.

Cross-functional Work Team

This type of work team happens when individuals or groups of different functions come together to work together towards a common goal. This can either be done by two or more team leads to take the initiative or if there is a certain company project where employees of specific skills are required from different departments to do the job.

Problems with Cross-functional Team

There are certain problems faced when working in cross-functional teams. One of which is time management, where the team must meet up to manage the project and to discuss its further development. In the given question "time orientation" this certainly is not the main problem.

Another important factor is that employee success is based on goals and objectives. In doing so, the individual becomes more focused on their personal goals and loses sight of what is more important to prioritize, which is the company as a whole. Of course, this means that neither the interpersonal nor the goal orientation is the main problem arising between the team.

Finally, when more individuals come together to form a team, there is a chance that there might be dominating personalities in the group. This would cause difficulties among the group unless a leader is determined to manage the team. Now, this is the main problem here, as there is no formality of structure defined. Resulting in the dispute between managers and scientists. To avoid any further dispute formal structure must be laid out and a leader should be appointed amongst them.

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Which of the following goods represent a cross-price elasticity likely greater than zero? The substitute goods of soda and pizza. The complementary goods of printers and printer ink. The complementary goods of hot dog sausages and hot dog buns. The substitute goods of blueberries and strawberries.

Answers

The substitute goods of soda and pizza are likely to have a cross-price elasticity greater than zero. This means that if the price of soda increases, the demand for pizza may increase as people switch to a substitute that is now relatively cheaper.

Similarly, if the price of pizza increases, the demand for soda may increase as people switch to a substitute that is now relatively cheaper. The other options - complementary goods of printers and printer ink, complementary goods of hot dog sausages and hot dog buns, and substitute goods of blueberries and strawberries - are unlikely to have a cross-price elasticity greater than zero.

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2. Complete the chart by identifying which go the following modes of transportation is being described: truck,railroad, ship, aircraft, or pipeline. (5 points)

2. Complete the chart by identifying which go the following modes of transportation is being described:

Answers

ouuu this is 10 pts ?!.

Answer:

1. Truck

2.Railroad

3. Ship

4. Air flight

5.Pipeline

Explanation:

The whole answer were in the FYI in the program but I made sure that its right because i they matched identicaly

Thank you!

According to public choice economists, the federal government has expanded because
A. the federal government is efficient in its spending.
B. deficit spending has reduced the perceived cost of current government operations.
C. taxpayers pay the full cost of current government operations.
D. the public likes to pay higher taxes to finance more programs.

Answers

Economists believe that the federal government has expanded because B. deficit spending has reduced the perceived cost of current government operations.

What do economists think of the federal expenditure?

They believe that because the government can finance more expenditure with debt, they have engaged in more expenses than they can actually afford.

This means that the government no longer views the cost of government operations as high because they can engage in deficit spending.

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Which of the following describes a conflict which happens between a supervisor and a subordinate?
O Intrapersonal conflict
Group conflict
O Intergroup conflict
O Interpersonal conflict

Answers

A conflict between a supervisor and a subordinate can be described as  Interpersonal conflict.

What is interpersonal conflict?

Interpersonal conflict refers to conflict whereby there are at least two people involved. This means that interpersonal conflict refer to issues that a person has with another person, or group of people.

When there is a conflict between a supervisor and a subordinate, these are two different people which means that it is therefore an interpersonal conflict. Intrapersonal conflict on the other hand, refers to when a person has a conflict within themselves about how they should take certain decisions.

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T/F. Although the straight-line method of depreciation is the simplest to calculate, it is the least commonly used

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The statement although the straight-line method of depreciation is the simplest to calculate, it is the least commonly used is false because the most fundamental and popular method of depreciation is the false-straight line method.

The most typical and simple way of distributing a capital asset's cost is straight line depreciation. It is computed by dividing the asset's cost by its useful life after deducting any salvage value. Straight-line depreciation is the most straightforward approach for computing depreciation over time. According to this method, an asset's value is reduced by the same amount for depreciation each year that it is in use. A fixed asset's depreciable base is divided by its useful life to determine straight-line depreciation.

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write a paragraph about business stocks

Answers

Answer:

Stocks are securities that represent an ownership share in a company. For companies, issuing stock is a way to raise money to grow and invest in their business. For investors, stocks are a way to grow their money and outpace inflation over time.

When you own stock in a company, you are called a shareholder because you share in the company's profits.

Explanation:

Change from LIFO to FIFO inventory method.Indicate how change or error would be accounted for using the following code letters:(a) Accounted for prospectively.(b) Accounted for retrospectively.(c) Neither of the above.

Answers

If a company decides to change from LIFO to FIFO inventory method, the change would be accounted for retrospectively.

This means that the company would adjust their financial statements for prior periods to reflect the new inventory method. The adjustment would be made to the beginning inventory balance of the earliest period presented and would be calculated by revaluing the inventory using the FIFO method.

Any difference between the previously reported financial statements and the adjusted financial statements would be recorded as a cumulative adjustment to retained earnings.

This change would be considered a change in accounting principle and would need to be disclosed in the footnotes to the financial statements.

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Type the correct answer in the box. Spell all words correctly. The demand curve has what kind of slope?

Answers

Answer:

Usually slopes downwards

Explanation:

in a negative association

Select the examples that best demonstrate likely tasks for Business Financial Management and Accounting workers.
Check all that apply
Horace documents information about a company's spending on a computer
Sun creates a budget to show how money will be used
Noel creates goals and policies for a company and presents them at a meeting
Jermaine researches a company's potential customers and ways to sell to them.
Selina helps employees and management to negotiate and come to agreement.
Aubrey checks documents and reports to make sure they are accurate and complete

Answers

Answer:

A.) Horace documents information about a company’s spending on a computer.

B.) Sun creates a budget to show how money will be used.

F.) Aubrey checks documents and reports to make sure they are accurate and complete.

Explanation:

I did the assignment

Answer:

A.) Horace documents information about a company’s spending on a computer.

B.) Sun creates a budget to show how money will be used.

F.) Aubrey checks documents and reports to make sure they are accurate and complete.

Explanation:

took it on edge 2020 and got it right

Can ah budget include donations to charities

Answers

Answer:

A common rule of thumb for budgeting for charitable donations uses the concept of the 50/30/20 split for your budget. The other portion is for your wants: About 30 percent of your budget goes into this category, which might include vacations, gifts, or date nights.

What problems were associated with the Free Banking Era (1837-1863), dominated by state-chartered banks?

Answers

During the Free Banking Era (1837-1863), state-chartered banks were allowed to issue their own currency without federal regulation.

This resulted in several problems including an overproduction of banknotes leading to inflation, the failure of many banks due to inadequate reserves and risky lending practices, and the inability to enforce uniform banking laws across states.

Additionally, the lack of a central bank during this time period meant that there was no lender of last resort to provide liquidity during financial crises, leading to widespread bank runs and economic instability.

Another issue was the lack of accountability and transparency in the banking industry, as state-chartered banks were not required to report their financial information to a central authority. This made it difficult for investors and depositors to assess the financial health of individual banks.

Overall, the Free Banking Era was marked by economic volatility and uncertainty, highlighting the need for a more stable and regulated banking system.

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a customer does not meet the reg t call in a cash account. the broker-dealer has sold out securities in the account, and must freeze the account for

Answers

The broker-dealer freezes the customer's account when the customer fails to meet the Reg T call in a cash account. This happens when the customer does not have sufficient funds to cover their purchase of securities.

In this situation, the broker-dealer sells out securities in the account to recover the amount owed. The freezing of the account means that the customer is not allowed to make any further transactions or access their account until they meet the Reg T call by depositing additional funds.

This freeze helps protect the broker-dealer from further losses and ensures that the customer fulfills their financial obligations. Once the Reg T call is met, the customer can resume normal trading activities.

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If you are interviewed by more than one person, you should send a thank-you note to _____.


each person in the interview

each person you see in the building

the first person you are introduced to

the person who is obviously leading the interview

Answers

Answer:

option A is correct.

i.e.

each person in the interview.

Explanation:

Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.

If Doria needs a short-term loan, what type of loan would you recommend she seek and from what type of financial institution? Justify your recommendation.

Answers

Explanation:

Short term loans are loans which are normally needed in order to take care of an emergency.

Doria can get short term loans from banks. To get this she has to be an already existing member of this bank.

She can also get from credit unions. Their rate of interest is usually smaller than the banks own and to access a loan she has to be an already existing customer of the union.

Also there are payday loans that she can lend from and pay back on her next pay day.

I would recommend borrowing from the credit union and the reason is simple, the interest rate is lower. So what she would be paying back in addition to her loan amount is going to be low.

Question 3 of 10
A standard is a:

Answers

a level of quality or attainment.

Answer: Level of quality or performance that people accept as normal

Explanation: I took this quiz

(e) Recommend two ways in which communication could be improved in a large
organisation. Justify your recommendations.
Way 1:



Way 2:

Give suggestions I will write analysis and conclusion

Answers

The recommended ways to improve communication are given below:

The Recommendations

Way 1: Implement a centralized communication platform such as Slack or Microsoft Teams to improve collaboration and facilitate real-time communication across different teams and departments. This would enable employees to quickly and easily share information, documents, and updates, leading to increased productivity and more efficient decision-making.

Way 2: Conduct regular town hall meetings or all-hands meetings, where senior leaders can address the entire organization, provide updates on business goals and priorities, and answer questions from employees. This would help improve transparency and ensure that everyone is aligned on company goals and objectives, leading to greater engagement and job satisfaction.

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According to the video, which areas are Postsecondary Education Administrators likely to oversee? Check all that apply.
student attitudes
student orientation
parental distance
student housing
theater performances
academic standards

Answers

Answer:

2,4,6

Explanation:

Answer:

2,4,6

Explanation:

Dev is an enterprising youngster who wants to start a business of manufacturing men’s accessories. However, he is facing shortage of funds. Suggest to him various forms in which credit can be availed from banks.
6 Marks

Answers

Answer:

heyyyy!

Explanation:

Answer:

SSS card.............

Open society foundation disadvantages

Answers

Answer:

The open society does not work for people that do not want to be productive member of society.

The main disadvantage is in getting support if you really need it, and aren’t capable of figuring it out on your own.

Explanation:

You are a salesperson in a vitamin store. What steps can you take to move up the company?

Answers

Answer:

these are some six steps to move up the company ☝

hope it helps

You are a salesperson in a vitamin store. What steps can you take to move up the company?

How synchronous is global growth among key country blocs/regions? (Please consider a somewhat long history of 40-50 years)

Answers

Global growth has not been synchronous among key country blocs/regions in the past 40-50 years.

Synchronous growth is where all economies grow at the same rate at the same time. This would mean that every country’s economy in the world would experience the same changes at the same time. But in reality, it's unlikely that global growth will be synchronous because there are a lot of economic forces that can affect each country differently.

USA - The US has been a powerful global economic force for a long time. It has been a major contributor to global growth in the past and is likely to remain so. In the past 40-50 years, the US economy has experienced some ups and downs but has generally been growing at a steady pace. There were some times when the economy was growing faster than others, but overall, it has been growing steadily. It's safe to say that the US has had synchronous growth in the past 40-50 years.

Asia - Asia has been one of the fastest-growing regions in the world over the past few decades. The region has experienced rapid economic growth, with countries like China and India leading the way. In recent years, the growth rate has slowed down, but Asia is still expected to be a major contributor to global growth in the future. It's difficult to say if Asia has had synchronous growth in the past 40-50 years because different countries in the region have grown at different rates. However, it's safe to say that the region has been growing at a faster pace than most other regions in the world.

Europe - Europe has had a mixed record when it comes to economic growth. The region has experienced periods of rapid growth and periods of stagnation. In the past 40-50 years, the European economy has grown at a slower pace than other regions, like Asia and the US. The region has also been affected by various economic crises, like the eurozone crisis. It's difficult to say if Europe has had synchronous growth in the past 40-50 years because different countries in the region have grown at different rates. But overall, Europe has grown at a slower pace than other regions like Asia and the US.

In conclusion, it's safe to say that global growth has not been synchronous among key country blocs/regions in the past 40-50 years. Each region has had different growth rates, and some regions have experienced more economic crises than others. However, all regions have contributed to global growth in their own way.

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We have discussed with detail about anatomy of a software house that is delivering the services of related all types of software products in European market. Keep the example of anatomy company front of you and develop a Software company like it and make your company’s Profile, Structure, Budget, Financial Statement and next five years Plan?

Answers

Company Profile:

Our software company, called TechWave, is a leading provider of software solutions in the European market. We specialize in developing customized software products for businesses of all sizes across a range of industries, including healthcare, finance, and retail. Our team of highly skilled developers and designers work closely with clients to understand their unique needs and deliver tailored solutions that improve their operations and drive growth.

Company Structure:

Our company has a flat organizational structure with a strong focus on collaboration and innovation. Our team is divided into three main departments: development, design, and project management. Each department is headed by a department manager who reports to the CEO. We also have a quality assurance team that ensures all our products meet the highest standards of quality and performance.

Budget:

Our company has a budget of €5 million per year, which is allocated towards research and development, employee salaries and benefits, marketing, and overhead costs. We believe in investing heavily in R&D to stay ahead of the competition and provide our clients with the most innovative solutions.

Financial Statement:

Our company has been steadily growing over the past five years, with a current annual revenue of €20 million. Our gross profit margin is 60%, and our net profit margin is 20%. We have a healthy cash flow and maintain a strong balance sheet.

Next Five Years Plan:

Over the next five years, we plan to expand our services into new markets, including North America and Asia. We will also continue to invest heavily in R&D to develop cutting-edge solutions that meet the evolving needs of our clients. We will focus on building long-term relationships with our clients and providing exceptional customer service to ensure their satisfaction. Our goal is to double our revenue by the end of the five-year period and establish ourselves as a global leader in software development. To achieve this, we will also focus on recruiting and retaining top talent, expanding our product offerings, and optimizing our operations to improve efficiency and reduce costs.

How the classification of products is helpful to marketers?

Answers

Classifying products into meaningful categories helps marketers decide which strategies and methods will help promote a business's product or service.

What is the importance of classifying products?

Products are divided into four divisions mostly according to customer buying habits, brand similarity to competitors' brands, and price range. By classifying their products, marketing personnel can develop strategies that specifically address the wants of consumers.

To assist in creating a selling strategy, marketing professionals classify all consumer items into four categories: convenience, shopping, specialty, and unsought.

The classification of products using the proper commodity code is the first and arguably most important step in the import management process. These codes give customs agents information on the importation of goods, their acceptability, and any potential taxes that may be due. Importers who improperly classify their goods are in violation of the law.

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your roommate says, "sales taxes are reported as an expense in the income statement." do you agree?

Answers

When an item is sold to a customer, sales tax applies. This is categorized as a current liability that must be paid to the government rather than a cost.

Does VAT correspond to sales tax?

A flat tax assessed on an item is known as value-added tax (VAT). It is similar to a sales tax in some ways, but unlike a sales tax, the consumer pays the entire amount owed to the government at the point of sale. With a VAT, different parties to a transaction each pay a portion of the tax.

What is an illustration of a sales tax?

Take a look at this sales tax illustration. Before you check out at The Clothing Boutique, you should estimate your final bill after taxes. The sum of the prices of the items in your cart adds up to $100. In that county, the sales tax is 9.5%, so you would divide $100 by 9.5% (100 x 0.095).

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When, according to Orlando, is downsizing morally acceptable?

Answers

According to Orlando, downsizing is morally acceptable when it is necessary for the survival of the company and when it minimizes harm to employees and stakeholders.

Orlando posits that downsizing becomes morally acceptable under certain conditions. First, it must be a last resort to save the company from failure, after considering and exhausting other options such as cost-cutting measures, restructuring, or seeking outside financial assistance. Second, the company should make every effort to minimize harm to employees and stakeholders, providing them with fair compensation, adequate notice, and assistance in finding new employment. Additionally, the decision-makers should engage in transparent communication, treat employees with respect, and ensure that the burden of downsizing is shared fairly among all levels of the organization. When these conditions are met, downsizing can be considered morally acceptable, as it strives to protect the greater good of the company and its stakeholders.

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The Campus Clinic provides health services to students at a public university. The clinic stocks hypodermic needles for routine inections. However, storage space fo inventory is tight and the clinic wants to lower its costs. The annual demand is 10 hypodermic needles, with an order cost of $10 per order and a holding cost of $.5 per needle. The lead time for ordering needles is 5 days. Use the fixed-order quantity model to determine the optimal order quantity per order. Round your answer to the nearest whole number. Assuming the clinic is open 340 days per year, what is the ROP for hypodermic needles? Round your answer to the nearest whole number

Answers

The ROP for hypodermic needles is 1.

To determine the optimal order quantity per order using the fixed-order quantity model, we can use the Economic Order Quantity (EOQ) formula. The formula for EOQ is:

EOQ = √((2 * demand * order cost) / holding cost)

Given the following information:

Annual demand = 10 hypodermic needles

Order cost = $10 per order

Holding cost = $0.5 per needle

We can plug these values into the EOQ formula:

EOQ = √((2 * 10 * $10) / $0.5) = √(400) = 20

Therefore, the optimal order quantity per order is 20 hypodermic needles.

To calculate the Reorder Point (ROP), we need to consider the lead time for ordering needles. The ROP represents the inventory level at which a new order should be placed to avoid stockouts during the lead time.

ROP = (demand per day * lead time in days)

Since the clinic is open 340 days per year, we can calculate the daily demand:

Daily demand = Annual demand / Number of days per year

Daily demand = 10 / 340 = 0.0294

ROP = (0.0294 * 5) = 0.147

Rounding the ROP to the nearest whole number, the Reorder Point for hypodermic needles is 1.

Therefore, the ROP for hypodermic needles is 1.

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Business Ventures - Part 1 Directions 1. Create a list of possible business ventures. 2. Now, you need to choose a legal form of business ownership. Once you've chosen, list the advantages and disadvantages of the one you selected.

Answers

Answer:

I'm thinking about three different businesses which I would be able to start on my own:

A small landscaping business that would be organized as a sole proprietorship. Since the business is relatively small, and I will actively participate in it along with a few other employees, I do not need any partners. The advantage of this business is that I have complete control and it is really easy to set up. The main disadvantage is that I'm personally liable for the company's obligations. The second type of business would be an accounting firm. This is a little more complex, and required more capital. Therefore, I need to associate with a couple of friends. This would result in a limited liability partnership, which is a separate entity (no personal liability). The IRS considers LLP as pass through entities, so we will not be double taxed as a corporation. The disadvantage is that my friends and I will have to learn to work together and solve normal work related problems without ending our partnership and our friendship. If I get really ambitious, I could try to set up an investment firm. Since I'm not a millionaire, I would need to form a corporation. The main advantages of a corporation are that you can raise more money and no personal liability. But the disadvantages are double taxation and less control on the company's operations.

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b. what conditions might favor stealing cars instead of robbing banks? (2 pts) If y varies directly with x and y= -7 when x = -28, find y when x20.A.) y =-5B.) y = 5C.) Y=6D.) y = 4 1. Find the net change in the value of the function between the given inputs.f(x) = 6x 5; from 1 to 62. Find the net change in the value of the function between the given inputs.g(t) = 1 t2; from 4 to 9 Hello, I need help with these questions with shown work. Thank you perimeter help please quick ! Does ionization energy tend to increase or decrease from left to right across a period on the periodic table? Explain. When the war in the West finally did begin in 1940, the Germans nearly destroyed the combined British and French armies, but a great number of the British and French soldiers escaped in a massive evacuation from: 12.1. at the beginning of the movie our hero prof. jack hall and his colleagues are found on the larsen b ice shelf in antarctica doing what? average mass of adult cat is normally distributed with a mean mass of 10 kg and a standard deviation of 1.8 kg. what percentage of cats would have mass more than 12 kg? what percentage of cats would have mass between 7.2 kg and 9.8 kg? round answers to two decimals, if necessary. make sure to include % sign. A company manufactures and sells x television sets per month. The monthly cost and price-demand equations areC(x)=72,000+60x and p(x)=300(x/20),0lx6000.(A) Find the maximum revenue.(B) Find the maximum profit, the production level that will realize the maximum profit, and the price the company should charge for each television set.(C) If the government decides to tax the company $55 for each set it produces, how many sets should the company manufacture each month to maximize its profit? What is the maximum profit? What should the company charge for each set?(A) The maximum revenue is $(Type an integer or a decimal.)(B) The maximum profit is when sets are manufactured and sold for each.(Type integers or decimals.)(C) When each set is taxed at $55, the maximum profit is when sets are manufactured and sold for each.(Type integers or decimals.) Two roads intersect at right angles. You are standing 24 meters north of the intersection on one of the roads. You are watching a car travel west at 32 meters per second. At how many meters per second i the car traveling away from you 2 seconds after it passes through the intersection? It snowed all night. _______,there was no electricity. Which one is correct(As a result or So that) 13. For the following sequence. 1/3 2/3 1 4/3 5/3 a) Describe the term to term rule. ...... b) Calculate the 12th term. . Write a composition of 350-400 words on one of the following: (a) The advantages and disadvantages of being an only child.(b) Living in a flat in a high-rise building. (c) Shopping in an emporium in a large shopping centre.(d) The Internet . (e) Teenage marriages. If y = 2x2 - 5x + 7 is graphed in the ry-plane, which of the following characteristics of the graph is displayed as a constant or coefficient in the equation? L-intercept(s) B y-intercept I-coordinate of the vertex D y-coordinate of the vertex From the textbook "Understanding and Managing Public Organizations" Do you agree with the authors' assessment of the governments actions? Why or why not? (the author is Rainey, Hal- Chapters 10 and 13). What alternatives should the U.S. have implemented to avoid the challenges they faced during those crises? A compressional wave looks most like a: line of hills and valleys. a straight line. coiled spring. None of the choices are correct. Point W is located at (7, 3) on a coordinate plane. Point Wis translated 2 units to the left and 3 units up. What willbe the x-coordinate of the image point W' ? which plates are sliding past each other in california ? What would be an example of a different custom within the story?the way that the Rhinoceros scratched himselfthe Parsee baking a cakepeople talking to animalsthe Rhinoceros bathing in the Red Sea