Suppose there is a fall in the price of a good from $ to half the price, the quantity demanded increases from x to 3x units, and the price elasticity of demand is . Now suppose there is an increase in the price of a good from $ to double its price and the price elasticity is . The elasticity is enter your response here , and remains the same regardless of an increase or decrease in price. (Round your response to two decimal places.) This is known as ▼ income elasticity arc elasticity cross-price elasticity .
Answers: 1
Business, 21.06.2019 22:50, DnakMeme6e7272727272
The leading producer of cell phone backup batteries, jumpstart, has achieved great success because they produce high-quality battery backups that are not too expensive. even so, another company that produces lower-quality batteries at the same price has also achieved some success, but not as much as jumpstart. also, in general, the price of backup batteries has declined because of economies of scale and learning. in addition, jumpstart has added complementary assets, such as a carrying case. considering all of these factors, the backup battery industry is most likely in the introduction stage. growth stage. shakeout stage. maturity stage.
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Business, 22.06.2019 04:10, jennifer9983
Oakmont company has an opportunity to manufacture and sell a new product for a four-year period. the company’s discount rate is 18%. after careful study, oakmont estimated the following costs and revenues for the new product: cost of equipment needed $ 230,000 working capital needed $ 84,000 overhaul of the equipment in year two $ 9,000 salvage value of the equipment in four years $ 12,000 annual revenues and costs: sales revenues $ 400,000 variable expenses $ 195,000 fixed out-of-pocket operating costs $ 85,000 when the project concludes in four years the working capital will be released for investment elsewhere within the company. click here to view exhibit 12b-1 and exhibit 12b-2, to determine the appropriate discount factor(s) using tables.
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Business, 22.06.2019 12:50, tayjohn9774
Kendrick is leaving his current position at a company, and charlize is taking over. kendrick set up his powerpoint for easy access for himself. charlize needs to work in the program that is easy for her to use. charlize should reset advanced options
Answers: 3
Suppose there is a fall in the price of a good from $ to half the price, the quantity demanded incre...
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