Business, 03.03.2020 23:04 owensdonld
A good’s price elasticity of demand depends in part on how necessary it is relative to other goods. If the following goods are priced approximately the same, which one has the most elastic demand?
1. Sports car
2. Chemotherapy for cancer patients
Answers: 1
Another question on Business
Business, 21.06.2019 19:00
What does the consumer price index measure? a. the change in prices of all goods and services over time b. the change in prices of specific goods and services over time c. the change in prices of final goods and services over time
Answers: 1
Business, 22.06.2019 11:00
When using various forms of promotion to carry the promotion message, it is important that the recipients of the message interpret it in the same way. creating a unified promotional message, where potential customers perceive the same message, whether it is in a tv commercial, or on a billboard, or in a blog, is called
Answers: 2
Business, 22.06.2019 19:30
The owner of firewood to go is considering buying a hydraulic wood splitter which sells for $50,000. he figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. if, for this machine, design capacity is 50 cords per day, effective capacity is 40 cords per day, and actual output is expected to be 32 cords per day, what would be its efficiency?
Answers: 1
Business, 22.06.2019 21:20
White truffles are a very prized and rare edible fungus that grow naturally in the countryside near alba, italy. suppose that it costs $200 per day to search for white truffles. on an average day, the total number of white truffles (t) found in alba is t = 20x − x 2 , where x is the number of people searching for white truffles on that day. white truffles can be sold for $100 each. if there is no regulation, how many more people will be searching for white truffles than the socially optimal number?
Answers: 1
You know the right answer?
A good’s price elasticity of demand depends in part on how necessary it is relative to other goods....
Questions
History, 18.07.2019 17:30
Advanced Placement (AP), 18.07.2019 17:30
Social Studies, 18.07.2019 17:30
Business, 18.07.2019 17:30
Mathematics, 18.07.2019 17:30
English, 18.07.2019 17:30
History, 18.07.2019 17:30
English, 18.07.2019 17:30
Biology, 18.07.2019 17:30
Chemistry, 18.07.2019 17:30
History, 18.07.2019 17:30
