Price Elasticity of Demand (PED) refers to the responsiveness of consumers to a change in the price of a product. When the price of a product increases, the demand for it decreases, and vice versa. The formula for calculating price elasticity of demand is:
PED = (% Change in Quantity Demanded) / (% Change in Price)
A company can use the PED value to determine the effect of a price change on its total revenue. If PED is less than 1, it implies that the demand for the product is inelastic, meaning that a change in the price will have a relatively small impact on the quantity demanded. On the other hand, if PED is greater than 1, it implies that the demand for the product is elastic, meaning that a change in the price will have a relatively large impact on the quantity demanded.
In this case, the price elasticity of demand for Mc Pretzel Co. Pretzels is 0.8. Since the PED value is less than 1, the demand for the product is inelastic. This means that if the company increases the price of each bag of pretzels, the total revenue will increase.
The reason for this is that the price increase will not lead to a significant decrease in the quantity demanded. Since the demand is inelastic, the percentage change in quantity demanded will be less than the percentage change in price. This will result in an increase in total revenue for the company.
However, it is important to note that the extent to which total revenue will increase depends on the specific values of price and quantity demanded.
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comic books originally published in japan
Answer:
not only Japan but also other country but most of the comic book are from japan
Review a few of the major employment categories below. In order
to reference the pay series and grade from the GS Rating System,
in which category does the Government Publishing Office
belong?
0100 - Social Science, Psychology, and Welfare Group
0200 Human Resources Management Group
0500 - Accounting and Budget Group
1200 Copyright, Patent, and Trademark Group
1000 Information and Arts Group/2200 - Information Technology Group
1700 - Education Group/0900 - Legal and Kindred Group
1900-Quality Assurance, Inspection, and Grading Group/
Employees who work on contract basis but are not paid by firm are known as independent contractors. Being independent allow opportunity to create special schedule and do tasks at speed that works.
What is a contract?A written agreement between two or more parties that specifies each party's particular, legally binding rights and obligations is known as a contract. The principle that promises made in a contract must be maintained serves as the cornerstone of contract law, the branch of the law that deals with obligations resulting from contracts. In order for a contract to be valid, common law jurisdictions frequently require consideration to be included in it, whereas civil law jurisdictions and the majority of mixed-law countries only need a meeting of the minds between the parties. Within the broad category of civil law jurisdictions, there are many different varieties of contract law, each with its own special standards: the distinct notion of abstraction, which is a defining feature of German tradition.
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Sergei’s boss has very strong opinions and often frowns upon questions from the team. This creates an environment where everyone just agrees with the boss decisions without questioning them
Knowing and comprehending each team member's opinions personality type will enable you to assign tasks in a way that best suits their interests and passions.
By doing this, you will raise team morale and productivity to their highest levels. Therefore, I always let my manager know when I'm having an issue. I jot out a list of my annoyances. I request a meeting with my employer opinions and explain these issues in detail. I want to be sure I'm not coming out as rude or sounding like I'm making any accusations against my supervisor. Good staff knowledge results in higher output and results.
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Which of the following is not among the categories of ethical dilemmas according to your textbook?a. taking things that do not belong to youb. giving or allowing false impressionsc. perpetrating interpersonal abuse
The concept here is an Ethical dilemma, a situation in which two moral principles conflict with one another. The answer is all of them.
Taking things that are not yours, creating or facilitating false impressions, and abusing people are ethical violations.
Ethical challenges and dilemmas can arise from:
a lack of personal character; conflicting personal values and organizational goals; organizational goals and social values; dangerous but popular products.An ethical dilemma (ethical paradox or moral dilemma) is a problem in the decision-making process between two possible options, neither of which is entirely ethically acceptable. While we face many ethical and moral problems in our lives, most have relatively simple solutions.
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Suppose that money demand depends on disposable income, so that the equation for the money market becomes M/P = L(r, Y-T). Analyze the impact of a tax cut in a small open economy on the exchange rate and income under both floating and fixed exchange rates.
A tax cut in a small open economy would increase money demand, causing the LM curve to shift to the right.
Assuming a small open economy, where the exchange rate is determined by market forces, a tax cut would increase disposable income (Y-T), which would increase money demand and shift the LM curve to the right.
Under floating exchange rates, the increase in money demand would cause an increase in the interest rate, which would attract foreign capital inflows and cause the exchange rate to appreciate. The appreciation of the exchange rate would make exports more expensive and imports cheaper, leading to a decrease in net exports and a decrease in income. Thus, the impact of a tax cut on income would be ambiguous under floating exchange rates.
Under fixed exchange rates, the central bank would need to intervene to maintain the exchange rate at the fixed level. The increase in money demand would cause an increase in the interest rate, which would attract capital inflows and require the central bank to sell foreign reserves to maintain the fixed exchange rate. This would decrease the money supply, causing a decrease in income. Thus, the impact of a tax cut on income would be negative under fixed exchange rates.
In summary, a tax cut in a small open economy would increase money demand, causing the LM curve to shift to the right. The impact on the exchange rate and income would depend on the type of exchange rate regime. Under floating exchange rates, the impact on income would be ambiguous, while under fixed exchange rates, the impact on income would be negative.
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Items that regularly appear on the financial statements of Maple Park Theatres Corp. The amounts shown for balance sheet items are balances as of September 30,2016
Answer:
Financial Statements are the reports of a company which provide detailed information about company financial position. The Income statement reports the company revenues and expense for the period whereas Balance sheet reports the company assets and liabilities position.
Explanation:
The Maple Park Theaters Corp. has reported the net of $133,562 in its income statement. The company has planned for reinvesting the 80% of net income into the extension of park. The reinvestment decision is taken by the company management for the purpose of increase revenue. The decision seems to be correct as extension of park and its services will attract more people to the park and ultimately revenue will increase and so profit too.
There is a group at work that often gossips about others on the job. you like these people but dont want to be a part of the gossip scene. what will you do
Setting boundaries, setting an example, and refraining from indulging in gossip are all necessary to deal with office gossip.
Simply refusing to be dragged in is a smart method to put a halt to rumors and gossip. In other words, decline to comment on absent people.
Change the subject or ignore the talk: If you hear gossip, you have the option of doing either. This makes it abundantly evident that you have no interest in engaging in gossip.
Set firm boundaries by letting your coworkers know that you prefer to keep conversation focused on work-related matters and that you do not enjoy engaging in gossip. By doing so, you may be able to create clear boundaries and lessen the amount of gossip you hear.
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1. Define Trade, Import and Export
2. List items the U.S. imports and exports.
Answer:
food and clothing
Explanation:
import is to bring things from a different country for sale. export is to give things to a different country or place for sale. trade is to transfer or exchange something from a different country.
A product has three distinct layers. The most basic layer is the ________, which consists of all the benefits the product will provide for consumers or business customers.
The most basic layer of a product is the core product which consists of all the benefits the product will provide for consumers or business customers.
What are core products?Core products or services are company products/services that are close to the company's core competencies. It describes the satisfaction that a consumer gets from consuming a product.
Core product involves the benefits the product will provide for consumers.
The three layers of products are :
AugmentedActualCoreHence, the most basic layer of a product is the core product which consists of all the benefits the product will provide for consumers or business customers.
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Marlon intends to sell a piece of real estate he owns and contracts Nita, a real estate broker, to make the sale. In the contract, Marlon authorizes Nita to make the sale at or above a minimum price he wants and the date by which he wants the sale to be completed. The contract also stipulates that Marlon should not hire another broker to sell that piece of land till the expiry of the contract period. Nita finds a suitable buyer, makes the sale in time, and is paid by Marlon for her services.
Which of the following types of agency had Marlon and Nita entered into?
A) apparent agency
B) agency by ratification
C) implied agency
D) express agency
Answer:
D) express agency
Explanation:
From the question, we are informed about Marlon who intends to sell a piece of real estate he owns and contracts Nita, a real estate broker, to make the sale. In the contract, Marlon authorizes Nita to make the sale at or above a minimum price he wants and the date by which he wants the sale to be completed. The contract also stipulates that Marlon should not hire another broker to sell that piece of land till the expiry of the contract period. Nita finds a suitable buyer, makes the sale in time, and is paid by Marlon for her services. In this case, the types of agency had Marlon and Nita entered into is express agency. Express agency can be regarded as an agency that is been set up through an oral or a written agreement that exist between agent and principal. This gives indication of their express intent as regards this representational status. In this agency, the written or spoken words of the principal is used in authorizing the agent so that he can to act on behalf of the principal. An agency can be regarded as contract which could be express or implied.
How is being comfortable with risk and flexibility important to having an entrepreneurial mindset?
An entrepreneurial mindset is a set of skills that enable people to identify and make the most of opportunities, overcome and learn from setbacks, and succeed in a variety of settings. This means that being too stubborn and unyielding in your approach can be a recipe for stress and potential business disaster. Being flexible as an entrepreneur can provide you with an important competitive edge. It helps you to exploit opportunities as and when they arise. Successful entrepreneurs stick to the basic principles of risk management: They look for opportunities where if they fall short they lose only a certain value, but if they win they could stand to gain 10 times as much. And the best entrepreneurs never bet more than they can afford to lose. They always consider Plan B (as well as Plan C, D and E) in case the current program doesn’t work out as expected.
Hope that this gives some insight on the topic :)
In the short run, output prices are ______ and ______ prices are ______. Multiple choice question. sticky; input; flexible stable; import; high flexible; input; sticky low; export; unpredictable
The correct statement is that In the short run, output prices can be regarded as input prices provided output prices are fixed.
Output Price can be regarded as the price that is utilized in specifying the price that an outputs of a module and how it should be sold.However, at shortrun, output price do equivalent to input, in as much the output price are fixed.Therefore, output price can be equivalent to input price in short run.
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what ammendment isthisSixteen-year old Ryan is the captain of the football team. Before the Friday night game, he and his teammates are required to submit to a drug test. Ryan’s test shows traces of marijuana. He is not allowed to participate in the game and he is suspended from school.
just give me an answer
Answer:
First tell us your question
n the two-sector (manufacturing and agriculture) specific-factors model, suppose that a country has a comparative advantage in manufacturing output. Will workers be better or worse off following the opening of trade with other countries? Group of answer choices Workers will be better off because both nominal and real wages increase. Workers may be better off or worse off because the real wage in terms of the agricultural good falls and the real wage in terms of the manufactured good rises. Workers will be better off because the nominal wage increases. Workers may be better off or worse off because the real wage in terms of the agricultural good rises and the real wage in terms of the manufactured good falls.
Answer:
Workers may be better off or worse off because the real wage in terms of the agricultural good falls and the real wage in terms of the manufactured good rises.
Explanation:
Because the country has comparative advantage in manufacturing, opening to trade means that the manufacturing sector will grow because it will now export goods to other parts of the world. This will increase the real wages of manufacturing workers.
However, the country does not have a comparative advantage in agriculture, and this means that the agricultural sector will likely shrink, because consumers will be able to access cheaper and higher quality agricultural goods from other regions. This will cause agricultural workers' wages to fall.
What are the two main things that job design treats and considers when planning?
Answer: Hope this helps.
Explanation:
Job design is a process that companies use to create a new job or add duties to an existing job. This allows a company to more easily reach its goals by having more employees perform more tasks within the organization. Job design may involve developing a new position or simply adjusting the set of tasks that a current position encompasses.
Good job design accommodates employees’ mental and physical characteristics by paying attention to:
muscular energy such as work/rest schedules or pace of work, and
mental energy, such as boring versus complicated tasks.
allows for employee input; this means employees should have the option to vary activities according to personal needs, work habits, and the circumstances in the workplace,
gives an employee a sense of accomplishment,
What tax form will you receive from an
employer if you are hired as an
independent contractor?
A. 990 form
B. W2 form
C. 1099 MISC form
D. Child Tax Credit form
Answer:
see the answer
Explanation:
I think it's B
Follow and like me1) Companies must consider four special service characteristics when designing service marketing programs. Discuss a recent service experience using the four characteristics.
Answer: Intangibility, inseparability, variability, and perishability
Explanation:
What makes your business stand out is what you do differently from the rest. In the business world, virtually everyone is doing the same thing, and at the end of the day fight over same customers, but have a unique selling point helps your business stand out. This unique selling poi t is what drives your marketing strategy, which should be Intangibility, inseparability, variability, and perishability. Your unique selling point is made very loud in your message, telling people why they need to use you. An example is Coca-Cola, they've been in the market for a long while, selling their business and creating that message in people's mind that they are exceptional.
Is wanting to increase sales over the next year a good objective if (no/yes) write why
Answer:
Yes because some family's are not doing very good in money so they should be able to afford more items
But also no at the same time because if you have more sales more of your stuff will be out of stock.
Explanation:
Which is a characteristic of the takeoff stage of Rostow's Five Stages of Economic
Growth?
The labor of a country is unskilled and focuses on agricultural production, animal husbandry, and the harvesting of timber.
Advancements in technology require a skilled labor force competent in electronics, medicine, and engineering.
The population as a whole has its basic needs met and enjoys a high
standard of living focused on consumer goods.
A country begins to grow rapidly and new industries start to emerge that
drive further economic development.
The characteristic of the takeoff stage of Rostow's Five Stages of Economic Growth is: A country begins to grow rapidly, and new industries start to emerge that drive further economic development.
What is Economic Growth?The economy expands significantly during the takeoff phase as it shifts from traditional industries to more contemporary and industrial sectors. New industries frequently grow as a result of greater investment and technical development.
This expansion supports subsequent economic growth and creates the conditions for long-term advancement. Rapid industrialisation and economic structural change are occurring at this time.
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One of the following is not a valid title selection technique A. Keeping it less less than 17 characters B. Assigning every page with a unique title C. Making headlines for customers D. Include as much product details 11 Meta Titles A. Should be over 60 characters B. Should be the same for all web pages C. Are web page headlines D. Details of the web page should be placed at the end of the title 12 Meta description A. Should contain content that highlight the unique selling point Should be at least 160 characters B. C. Must have bullets D. Avoid inviting users to the web page 13 Meta keywords A. Are selected randomly B. Are words that describe the web page Describe the wed page owner's profile C. D. Are reflecting the searching frequency fro a specific web page 14 Keywords should be A. Head keywords B. Body keywords C. Long tail keywords D. All
The Meta description should contain at least 160 characters.2. The Meta description should contain material that highlights the unique selling point.3. It should be free of bullets.4. Users should not be encouraged to visit the web page.Meta Keywords 1.
One of the following is not a valid title selection technique is "Making headlines for customers".A title is a phrase that describes a page's content. Meta titles are shown in search engine results as page titles and are essential to search engine optimization (SEO). There are various Meta title selection techniques. They are as follows:Meta Titles1. Should be web page headlines.2. The length of the Meta title should be kept under 60 characters to ensure that it appears completely in the search results.3. For every web page, a unique title should be given.4. The web page's details should be included at the end of the title.Meta Description 1. The Meta description should contain at least 160 characters.2. The Meta description should contain material that highlights the unique selling point.3. It should be free of bullets.4. Users should not be encouraged to visit the web page.Meta Keywords1. The Meta keywords are selected randomly.2. Meta keywords are words that explain the web page.3. They do not reflect the profile of the web page owner.4. They should reflect the search frequency of a specific web page.Keywords1. Head Keywords2. Body Keywords3. Long-tail KeywordsTherefore, the correct answer is option C. Making headlines for customers is not a valid title selection technique.
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Assume you are making $989 monthly payments on your amortized mortgage. The amount of each payment that is applied to the principal balance:________.
a. Decreases with each succeeding payment.
b. Increases with each succeeding payment.
c. Is constant throughout the loan term.
d. Fluctuates monthly with changes in market interest rates
Answer:
I got you!
Explanation:
B. increases with each succeeding payment.
What is likely to happen if the price of a product goes up?
A.
The supply is likely to increase.
B.
The supply is likely to decrease.
C.
The demand is likely to cause scarcity.
D.
The demand is likely to increase.
Option B, The demand is likely to cause scarcity. is the correct answer
Point (4,-3) is at a Perpendicular distance of_________________
from the X-axis
1)it describes the purpose and activities of the business
a)vision
b)mission
c)goals
d)objectives
2)it expresses what the business hopes to be or accomplished within the next few years
a)vision
b)mission
c)goals
d)objectives
3)in this functional department,stock records are being kept
a)accounts/finance
b)purchasing
c)sales and marketing
d)computer/information technology
4)in the functional department,advertising a job vacancy and processing the job application form is part of their responsibility
a)administrative
b)accounts/finance
c)human resource/personnel
d)computer/information technology
Answer:
a)vision
c)goals
Explanation:
d)computer/information technology
b)accounts/finance
A ________ includes a buyer, a seller, a product or service and other factors, such as how the physical environment makes one feel.
A) post-purchase process
B) purchase process
C) consumption situation
D) psychological situation
A consumption situation includes a buyer, a seller, a product or service and other factors, such as how the physical environment makes one feel. Option C) consumption situation is the correct option of the given statement.
By consumption situation, what do you mean?According to this argument, people's consumption patterns determine if they have any intention of adopting a new product, and whether they will have any impact on that intention will rely on how they feel about that product category and how much leeway they are given to embrace it.
What does'sacred consumption' mean?Consumption that is considered sacred often refers to unusual or rare occasions. Holidays, rites of passage, and religious occasions may be included in this list. When compared to profane consumption, which is connected to commonplace happenings, this is a contrast.
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A sports coach running a junior coaching programme was interested in examining the differences in children's fitness performance scores across four different coaching regimes. She was particularly interested in whether the regime the child was in had a possible influence on the child's fitness performance score. She ran an ANOVA with the predictor variable 'coaching regime', which had four categories, 'Yellow group', 'Green group', 'Pink group' and 'Purple group'; the outcome variable was 'fitness performance score'. Her ANOVA had an F-statistic of 98.12 (p 0.02). How would you interpret her findings?
Answer:
A sports coach running a junior coaching programme was interested in examining the differences in children's fitness performance scores across four different coaching regimes. She was particularly interested in whether the regime the child was in had a possible influence on the child's fitness performance score. She ran an ANOVA with the predictor variable 'coaching regime', which had four categories, 'Yellow group', 'Green group', 'Pink group' and 'Purple group'; the outcome variable was 'fitness performance score'. Her ANOVA had an F-statistic of 98.12 (p 0.02). How would you interpret her findings?
Explanation:
how are you avalon23413?
Answer:
im great
Explanation:
Economic development that meets the needs of the present without compromising the needs of future generations is called?
Sustainable development is defined as economic growth that satisfies present demands without jeopardizing those of future generations.
The Bruntland Commission Report from 1987 defined sustainable development as "development that fulfills present demands without sacrificing capabilities of future generations to meet their own requirements."
Making wiser judgments on matters that have an impact on all of our lives is possible with the help of sustainable development. For instance, by including health plans in the design of new communities, we can guarantee that inhabitants have convenient access to healthcare and recreational amenities.
Sustainable development always motivates us to protect and improve our natural resources by gradually altering the methods in which we create and apply new technology. Every nation should be able to satisfy its fundamental requirements for work, food, energy, and water.
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a trade discount is a reduction from the list price, which is used to: (select all that apply.) multiple select question. give quantity discounts to customers reduce the sale price for interest received change prices without publishing a new catalog
A trade discount is a reduction from the list price, which is used to:
A: Give quantity discounts to customers C: Change prices without publishing a new catalogA trade discount is a reduction from the list price that is offered to customers, typically as an incentive to encourage larger orders or repeat business. Trade discounts are often given to customers who purchase in large quantities, as a way of rewarding their loyalty and encouraging them to continue doing business with the supplier.
Trade discounts are different from cash discounts, which are reductions in the price that are offered to customers who pay their bills promptly or within a certain time frame. Cash discounts are used to encourage prompt payment and to reduce the risk of late or non-payment.
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