The slope of a demand curve is not used to measure the price elasticity of demand because.
Answers
The correct option is C.
The measurement of slope is sensitive to the units chosen for price and quantity.
What Is Meant by Elasticity in Economics?The term "elasticity" refers to a measurement of how responsively a quantity that is required or supplied is to one of its determinants. When a factor, like as price or supply, changes, the demand for a good responds quickly. Conversely, items that are inelastic maintain their demand even when prices increase significantly.
How do we measure elasticity?The calculation for this indicator, also known as cross-price elasticity of demand, involves dividing the percentage change in the amount demanded of one good by the percentage change in its price.
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I understand that the question you are looking for is:
The slope of a demand curve is not used to measure the price elasticity of demand because
A) the slope of a linear demand curve is not constant.
B) the slope of a line cannot have a negative value.
C) the measurement of slope is sensitive to the units chosen for price and quantity.
D) the slope of the demand curve does not tell us how much quantity changes as price changes.
Related Questions
Leroy's personal information is shown below:
13 years
3 years
Age
61
Tune at address
Age of auto
Car payınent $203
Housing costs Owns Clear
Checking and Both
savings accounts
Finance corapany No
reference
Major credit cards 5
Rano of debt to 294
coine
Declared
Never
banlouptey
According to the following table, what is his credit score?
Answers
Answer:
618
Explanation:
just answered it
Which phrase best completes the diagram?
A) Unlimited liability
B) Few employees
C) Complex regulations
D( Multiple owners
Answers
Answer:
D) Multiple owners
Explanation:
if it's a partnership there's more than one owner and if it's a corporation, controlled by shareholder"S" then i don't know, they'd both have multiple owners in common??
Multiple owners best complete the diagram. The correct option is D.
How is ownership divided in a partnership?Profits, liabilities, and management responsibilities are assumed to be distributed equally among partners in general partnerships. If you choose an unequal distribution, the partnership agreement needs to specify the percentages that were given to each partner.
A corporation is a type of business organization that is owned by shareholders, who own a portion of the company through the purchase of stocks or shares. Because a corporation is owned by multiple shareholders, it is a form of business that is considered to be separate from its owners, or shareholders, in terms of legal liability and management.
This means that the corporation can enter into contracts, own assets, and be sued or sue others in its own name, rather than in the name of its individual shareholders. The shareholders of a corporation elect a board of directors, who are responsible for making decisions about the management and direction of the company.
Thus, the ideal selection is option D.
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Hotel rooms in Smalltown go for $80, and 900 rooms are rented on a typical day.
To raise revenue, the mayor decides to charge hotels a tax of $15 per rented room. After the tax is imposed, the going rate rises to $85, and the number of rooms rented falls to 800.
Answers
The tax had a negative impact on the hotel industry in Smalltown, but generated revenue for the government. This highlights the trade-offs involved in taxation and the importance of carefully considering the potential impacts of policy changes.
We can use the information provided to calculate the total revenue generated by hotel room rentals before and after the tax is imposed.
Before the tax is imposed:
Number of rented rooms = 900
Price per room = $80
Total revenue = 900 * 80 = $72,000
After the tax is imposed:
Number of rented rooms = 800
Price per room = $85 ($80 + $15 tax)
Total revenue = 800 * 85 = $68,000
We can see that the total revenue generated by hotel room rentals decreased after the tax was imposed. Although the price per room increased, the decrease in the number of rooms rented more than offset the increase in price. This is an example of how taxes can impact the behavior of consumers and businesses.
It's important to note that while the total revenue decreased, the government still generated revenue through the tax. The total tax revenue can be calculated as follows:
Number of rented rooms = 800
Tax per room = $15
Total tax revenue = 800 * 15 = $12,000
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Hotel rooms in Smalltown go for $80, and 900 rooms are rented on a typical day. To raise revenue, the mayor decides to charge hotels a tax of $15 per rented room. After the tax is imposed, the going rate rises to $85, and the number of rooms rented falls to 800.
What will be the impact on tax?
The net increase (decrease) in cash reported on the statement of cash flows should reconcile the beginning and ending cash balances reported in the comparative balance sheets. True False
Answers
Answer:
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Explanation:
Eeeeeereeeeereerreeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee33eeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee3eeeeeeeeeeeeeeeeeeeeeee3eeee
You have a dozen shirts and your roommate has six pairs of shoes worth roughly the same amount of money.You decide to swap six shirts for three pairs of shoes. In financial terms,netiher of you gains anything.Explain why you are nevertheless both likely to be betteroff.Assume you have only the dozen shirts and no shoes and that your roommate has only the half dozen shoes and no shirts.
Answers
In this scenario, the swap of six shirts for three pairs of shoes may not result in any financial gain for either party.
However, both you and your roommate are likely to be better off because the swap satisfies a need for each of you. For example, you may have too many shirts and not enough shoes, while your roommate may have too many shoes and not enough shirts. By swapping these items, you both end up with a more balanced and useful collection of clothing.
In addition, the swap can also lead to a stronger and more positive relationship between you and your roommate. By exchanging items, you are building trust and cooperation, which can make living together more enjoyable and harmonious.
Overall, while the swap may not have a direct financial benefit, it can still result in improved satisfaction and quality of life for both you and your roommate.
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Roy Creasey Enterprises, a machine shop, is planning to move to a new larger location. The new building will be 60 feet long by 40 feet wide. Creasey envisions the building as having six distinct production areas, roughly equal in size. He feels strongly about safety and intends to have marked pathways throughout the building to facilitate the movement of people and materials. See the following building schematic. Room 1 Room 4 Room 2 Room 5 Room 3 Room 6 His foreman has completed a month-long study of the number of loads of material that have moved from one process to another in the current building. This information is contained in the flow matrix on the left below. Finally, Creasey also developed a matrix to indicate distances between the work areas shown in the building schematic, shown on the right below. 1 From Te Materials Welding Drills Lathes Grinders Benders Materials 0 100 45 0 0 50 Welding 25 0 45 0 0 Drills 30 0 0 50 0 Lathes 0 25 0 0 15 0 Grinders 50 0 120 0 0 0 Benders 5 0 15 0 0 0 ܘ ܘ ܐ 1 2 3 4 5 6 2 3 4 5 6 20 40 20 40 20 40 60 20 40 20 40 60 40 20 20 40 20 Based on the flows shown in the matrix, it is likely that the processes Drills and Grinders are in rooms next to each other as they have the highest number of moves between each other. Based on the flows shown in the matrix, it is likely that the processes Materials and Welding are in rooms next to each other as they have the second highest number of moves between each other. One of the layouts that could be designed is: Room 1 = Benders Room 4 = Drills Room 2 = Materials Room 5 = Grinders Room 3 = Welding Room 6 = Lathes The cumulative distance based on the overall movement of material between processes for this layout = feet (enter your response as a whole number). Enter your answer in the answer box and then click Check Answer. . ?
Answers
The cumulative distance between processes is calculated based on the number of loads moved between Drills and Grinders and Materials and the final answer is 5700 feet.
What is the cumulative distance?The total distance that materials, products, or people traverse while moving between various facilities, processes, or locations is referred to as cumulative distance.The cumulative distance is calculated by multiplying the number of loads of material moved between processes by the distance between work areas and summing up all the products. Given: The distance between work areas is 40 feet, with Room 1 (Benders) and Drills (40 feet), Room 2 (Materials) and Grinders (20 feet), and Room 3 (Welding) and Lathes (20 feet). The cumulative distance between processes is calculated based on the number of loads moved between Drills and Grinders and Materials and Welding. (120 x 40) + (45 x 20) = 4800 + 900 = 5700 feet. Therefore, the final answer is 5700 feet.
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PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST)
Every monetary decision we make involves a level of choice, usually of one thing over another. What is the name for this financial trade-off?
A. personal risks
B. inflation
C.opportunity cost
Answers
Answer:
C.opportunity cost
Explanation:
this is super easy
Answer:
C
Explanation:
Took the test :)
Outsourcing is becoming more and more common, but it is a controversial idea in the United States. Why do you think this is such a highly contested idea? Do you think outsourcing is a good idea or a bad one? Explain the reasons for your answer.
Answers
Answer:
Outsourcing is a contested idea because the original company loses control of the job they are trying to complete. Outsourcing is a bad idea because it also causes jobs to be lost. (you might want to change the wording a bit.)
Explanation:
Pls help it’s due tomorrow!
Answers
Answer:
A. Contact Information for Refrences.
Explanation:
Hi there! To me it makes the most sense because it has nothing to do with a carrer plan. Sure, refrences are benefical but they do not determine what can help you grow and succed in the workforce.
I hope this helps! Good luck! :)
unlike residential tenants, commercial tenants do not require income or credit screening. true false
Answers
False. Commercial tenants, like residential tenants, often undergo income and credit screening as part of the leasing process.
The statement is false. Commercial tenants, similar to residential tenants, commonly undergo income and credit screening as part of the leasing process. Landlords and property owners typically require information about the financial stability and creditworthiness of potential commercial tenants to assess their ability to fulfill lease obligations.
Income screening involves verifying the financial capacity of the commercial tenant to pay rent and other expenses associated with the leased space. This may include reviewing the tenant's business financial statements, tax returns, and bank statements to evaluate their income and cash flow.
Credit screening involves assessing the credit history and creditworthiness of the commercial tenant. Landlords often request permission to conduct credit checks to evaluate the tenant's payment history, outstanding debts, and any previous defaults or delinquencies.
These screenings help landlords mitigate the risk of renting to tenants who may struggle to meet their financial obligations or have a history of financial instability. It allows them to make informed decisions regarding lease agreements and potentially negotiate lease terms based on the tenant's financial profile.
It's important to note that the specific screening requirements may vary depending on the landlord, the type of commercial property, and the local market conditions. However, in general, income and credit screening are common practices when leasing commercial properties.
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If a country's birth rate is 15 per 1,000 population per year and the death rate is 10 per 1,000 population per year, what is
the annual population growth rate?
5 per 1,000
10 per 1000
15 per 1,000
25 per 1,000
Answers
Please Name the 3 main credit bureaus and explain what information they collect.
Answers
The three main credit bureaus are Equifax, Experian, and TransUnion.
They collect and maintain information on individuals' credit history, including credit accounts, payment history, credit limits, and outstanding balances.
They also gather personal information such as name, address, date of birth, and social security number. This information is used to calculate credit scores, which lenders use to determine creditworthiness.
Credit bureaus also collect public records such as bankruptcies, liens, and judgments that can negatively impact credit scores. It is important for individuals to regularly review their credit reports from each bureau to ensure accuracy and dispute any errors.
Therefore, this can help improve credit scores and increase the likelihood of being approved for credit in the future.
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Analyzing Finance Workers' Qualities, Skills, and Abilities.
According to the video, what qualities, skills, and abilities do workers in this career cluster need? Check ALL that apply.
a. physical strength for working outdoors and traveling
b. communication skills for explaining complex concepts
c. leadership skills for persuading others to take action
d. the ability to inspire others
e. the ability to be unemotional about business
f. the ability to be comfortable in an office setting
Answers
The qualities, skills, and abilities which workers in this career cluster need are:
B. Communication skills for explaining complex conceptsE. The ability to be unemotional about business F. The ability to be comfortable in an office settingAccording to the given question, we are meant to show the abilities, skills which workers that were displayed on video needs to have if they are to thrive in their chosen profession.
As a result of this, we can see that the workers in this particular career cluster needs communication skills, emotional intelligence and ability to be comfortable in an office setting.
Therefore, the correct answers are options B, E and F
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Answer:
B.E.F
Explanation:
When creating a plan for
you would likely ask yourself what expenses you anticipate and what regular debt payments you need to make.
O A. protecting your assets
OB. managing your income
O C. investing
OD. financing
Answers
Answer:
D
Explanation:
I want to buy a new car. My choices are a red convertible sports car or a full-size pick-up
truck. I chose the convertible. What is my opportunity cost?
Answers
Welfare includes all of the following EXCEPT
(a) Social Security
(b) Medicare
(c) Occupational Safety and Health Administration
(d) Medicaid
Answers
Answer:
(C) Occupational Safety and Health Administration
New growth theory holds technology to be __________; neoclassical growth theory holds technology to be __________.
Answers
New growth theory holds technology to be endogenous; neoclassical growth theory holds technology to be exogenous.
In new growth theory, technology is considered endogenous, meaning that it is influenced and determined by factors within the economic system. It is viewed as a result of deliberate actions, investments in research and development, innovation, and human capital accumulation.
On the other hand, neoclassical growth theory treats technology as exogenous, meaning that it is external to the economic system and assumed to be given or determined outside of the model. It is not explicitly explained or modeled within the theory but is often assumed to improve over time through exogenous factors such as random technological progress or shocks.
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Which method assigns probabilities based on the assumption of equally likely outcomes?
Answers
Classical Approach determining probability with the assumption that all possible outcomes are equally likely.
What kinds of results are there?Organizational, team, and individual outcomes are the three different categories of results.
What characteristics define a successful outcome?Think carefully exactly what you can actually achieve given the groups your want to target and the range of your resources. Good outcome goals are clear, measurable, and practical. Develop the following results: • Your outcomes should specify what you hope will occur once your action is finished.
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From a consumer’s perspective, what are the advantages and disadvantages of personal selling? Explain.
Answers
In the customer level, personal purchases are helpful because you know next or nothing whatsoever about what you want, other than when you purchase a vehicle and need guidance about items such as forms and prices. However when you felt like you're really there to offer your cash, it can be disappointing on the part of the customer, not to really get anything out of the deal.
-1 Name the Act that makes provision for employees to improve their work performance.
Answers
Quigley company has a target capital structure of 35% debt, 10% preferred, and 55% common equity. The interest rate on new debt is 6. 50%, the yield on the preferred is 6. 00%, the cost of retained earnings is 10. 50%, and the tax rate is 25%. The firm will not be issuing any new stock. What is quigley's wacc? round final answer to two decimal places. Do not round your intermediate calculations. 6. 11% 6. 73% 7. 97% 8. 8%
Answers
To calculate Quigley's WACC, we need to first calculate the cost of equity and the cost of debt. Therefore, Quigley's WACC is 6. 73%. Option 2 is Correct.
The following formulas:
Cost of Equity = Risk-Free Rate + Beta * (Market Rate - Risk-Free Rate)
where Risk-Free Rate = 6. 50%
Beta = 1. 2
Market Rate = 7. 97%
Cost of Debt = (Market Rate - Risk-Free Rate) * Debt-Equity Ratio
where Debt-Equity Ratio = 0. 55
Next, we need to calculate the weighted average cost of capital (WACC) using the following formula:
WACC = Cost of Equity + Cost of Debt
WACC = (6. 50% + (1. 2 * (7. 97% - 6. 50%))) * 0. 55
WACC = 6. 73%
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Correct Question:
Quigley company has a target capital structure of 35% debt, 10% preferred, and 55% common equity. The interest rate on new debt is 6. 50%, the yield on the preferred is 6. 00%, the cost of retained earnings is 10. 50%, and the tax rate is 25%. The firm will not be issuing any new stock. What is quigley's wacc? round final answer to two decimal places. Do not round your intermediate calculations.
1. 6. 11%
2. 6. 73%
3. 7. 97%
4. 8. 8%
What is the key to having in-house meetings?
A.) having it in a conference room
B.) having a schedule
C.) having a break with tea, coffee, pastries, etc.
D.) having it regularly
Answers
B) Having a schedule.
what is meant by recession
Answers
Answer:
Spatial recession in paintings is the relationship between objects which appear to lie near to the observer and those which seem further away, and thus recede into space. ...
Explanation:
please help
Why is engaging communication a two-way process?
Answers
Answer:
Two-way communication allows both participants to exchange ideas, they can develop a sense of mutual understanding. The result is a better relationship between them. Increase effectiveness
Effective communication depends on the proper understanding of the message by the sender and receiver.
Explanation:
Hope you can helpEliza Conner owns a small clothing boutique. Eliza uses her personal checking account for both business and personal needs. How would you convince Eliza that she should open a separate
bank account for her business?
Answers
Answer:
1. It will cause them confusion throughout the tax calculating process.
2. Using a single account will make it difficult to keep payroll records.
3. Keep track of your personal expenses and earnings.
Explanation:
1. It is preferable to establish a separate account to separate the firm's actual income and expenses.
2. Payroll expenses are indistinguishable from personal expenses.
3. This allows you to cross-check bank and hand-made documents for income and expenses. Because cash transactions may not be recorded in the bank account, the entrepreneur should preserve receipts in order to compute revenue and expenses, which may result in erroneous financial statements.
Management, can anyone help me?
Answers
I think it is C I looked up some stuff and they all add up to C
Creating an emergency fund to pay for unexpected expenses is known as __________________________________.
a
Backdoor Budgeting
b
"Saving for a Rainy Day"
c
Opening a Mutual Fund
d
Placing your money in a CD
Answers
Answer:
b
"Saving for a Rainy Day"
Explanation:
"saving for rainy day' is a phrase that means putting some money a side for use in times of need. The phrase encourages people to save money for emergency use. As a rule of thumb, one should have at least three times their normal income as savings.
distinguish between products tax and production tax
Answers
Answer:
Some examples of production taxes are land revenues, stamps and registration fees and tax on profession. Product taxes are paid on the actual volume of production. It is paid per unit of product. For example, excise duty, service tax, sales tax etc.
Mary invested $200 for 3 years at 5% per annum. John invested $300
at the same rate. If they both received the same amount of money in
simple interest, for how many years did John invest his money?
a. 1 1/2
b. 2
c. 3
d. 10
Answers
Answer:
b. 2
Explanation:
Simple interest is calculated using the formula
I = p x r x t
Where p= principal amount
r= interest rate
t= time in years
Mary invested $200, at 5% for three years. She earned a simple interest of;
I= $200 x 5/100 x 3
=$200 x 0.05 x 3
=$30
If John received the same amounts, It means
$30= $300 x 0.05 x t
$30 = $15t
t= $30/$15
t=2
Time is 2 years
Jorge, a forklift truck operator for the retail chain Hanes Ridge, was injured when the forklift he was operating toppled over. The forklift truck was designed and manufactured by Ionic Machines, Inc. Jorge received workers' compensation benefits for his injury. It was later determined that the forklift truck was not designed to be used to lift as much weight as Ionic Machines claimed it could. To which of the following legal rights is Jorge entitled?
A) sue Hanes Ridge in civil court for his work-related injunes B) sue Hanes Ridge in federal court for violation of the Fur Labor Standards Act (FLSA) C) sue lonac Machines in civil court for damages D) Jorge cannot see either Hanes Ridge or lonic Machines, since he has already received workers compensation benefits
Answers
Jorge is entitled to sue Ionic Machines, Inc. in civil court for damages, but he cannot sue Hanes Ridge for his work-related injuries or for violation of the FLSA since he has already received workers' compensation benefits. Here option C is the correct answer.
Jorge is entitled to legal rights in this situation. After being injured in a forklift accident, he received workers' compensation benefits. However, it was later discovered that the forklift truck was not designed to lift the weight claimed by Ionic Machines, the manufacturer.
In this case, Jorge may be entitled to sue Ionic Machines, Inc. in civil court for damages. This is because the manufacturer falsely claimed that the forklift could handle a certain weight, which led to the accident and Jorge's injury. By filing a lawsuit, Jorge can seek compensation for the damages he suffered as a result of the faulty design and false claims.
On the other hand, Jorge cannot sue Hanes Ridge, his employer, in civil court for his work-related injuries. This is because he has already received workers' compensation benefits.
Workers' compensation is a system that provides financial assistance and medical benefits to employees who are injured on the job. In return for receiving these benefits, employees generally give up their right to sue their employer for negligence. Here option C is the correct answer.
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