Business, 17.01.2020 06:31 brianna4357
Consider some determinants of the price elasticity of demand: • the availability of close substitutes• whether the good is a necessity or a luxury• how broadly you define the market• the time horizon being considereda good without any close substitutes is likely to have relatively inelastic/elastic demand, since consumers cannot easily switch to a substitute good if the price of the good rises. 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 least elastic demand? a. diamond necklaceb. amputation procedures for diabetes sufferers
Answers: 2
Business, 22.06.2019 20:20, tytybruce2
Carmen’s beauty salon has estimated monthly financing requirements for the next six months as follows: january $ 9,000 april $ 9,000 february 3,000 may 10,000 march 4,000 june 5,000 short-term financing will be utilized for the next six months. projected annual interest rates are: january 9 % april 16 % february 10 may 12 march 13 june 12 what long-term interest rate would represent a break-even point between using short-term financing and long-term financing?
Answers: 3
Business, 22.06.2019 22:50, maria241432
For 2016, gourmet kitchen products reported $22 million of sales and $19 million of operating costs (including depreciation). the company has $15 million of total invested capital. its after-tax cost of capital is 10%, and its federal-plus-state income tax rate was 36%. what was the firm’s economic value added (eva), that is, how much value did management add to stockholders’ wealth during 2016?
Answers: 1
Consider some determinants of the price elasticity of demand: • the availability of close substitut...
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