Assume the manager is located at point B in the diagram above, and he is charging a price of P0. What does the demand for the firm's goods look like if the management anticipates that rivals would not match price reductions but will match price rises instead of price decreases?

Assume The Manager Is Located At Point B In The Diagram Above, And He Is Charging A Price Of P0. What

Answers

Answer 1

The demand for the firm's goods based on the diagram given and the current price is elastic.

Why is the price elastic?

Demand is said to be elastic when quantity demanded decreases when prices increase, and vice versa.

Looking at the graph, if there is a price increase by management, the demand will decrease as shown by the space on the blue line above quantity B.

If prices reduce however, the demand increases as shown by curve D₂.

In conclusion, the demand is elastic.

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Related Questions

Assume there are six companies in a certain industry. Four companies have $10 sales apiece, while two companies have $5 sales each. What is the industry's four-firm concentration ratio?

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Answer:

An industry consists of six firms with annual sales of $300, $500, $400, $700, $600, and $600, respectively. a. What is the industry's four firm concentration ratio? b. What is the industry's Herfindahl-Hirschman index? c. Is this industry highly concentrated? Explain.

Explanation:

Carolina is the vice president of the environmental club at her high school. She is in charge of e-mailing members about upcoming events, answering questions from new members about enrollment, and explaining club guidelines to club members. As a part of her position, Carolina employs a lot of _______________ communication.

Answers

Answer:

Downward communication

Explanation:

She is a higher up in the club, and conveys information to the rest of the club members, who don't have as much of an important position. Her job is to move information given to her to the rest of the members.

In the context of exporter and buyer relationships, the value of sales is high but business impact is low in which of the following relationship types?

Answers

The transactional relationship exist where value of sales is high but business impact is low since emphasis are on pure transaction rather than any other matters.

What is a business relationship?

This means the connections that exist between the the people that engage in commerce transactions such as from:

buyer to sellerbuyer to exportersupplier to buyer.importer to buyer etc.

The main types of relationships that exist in the business are transactional, functional, affiliative and strategic relationships.

Therefore, the transactional relationship is the answer.

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Sophie's dorm room was hot since she did not have air conditioning. She decided to buy a new fan.

What type of consumer behavior influence below does this scenario describe?

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Answer:

The type of consumer behavior this scenario describes is psychological consumer behavior.

This is a consume behavior

If a firm had sales of $60,000 during a period and sales returns and allowances of $9,000, its net sales were:

Answers

Answer:

51,000

Explanation:

A large cable company is the only provider of cable TV and Internet for a small community. As a result, consumers in the community who want either of these services must purchase from this company.

In which of the following economic markets is the cable company operating?

Answers

Due to the fact that the firm is the only one that is operating in the community, the economic markets operated here is monopolistic.

What is a monopolistic market?

This is a type of market that has only one company that is in charge of offering products or services to the public.

The market here is a cable tv and internet company that provides services to the community.

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On January 1, 2017, Swen paid $184,000 for $200,000 of the 8%, 20-year bonds of Penn Corporation, issued on January 1, 2013, at par. The bonds are held as an investment. Determine the gain and the character of the gain if the bonds are sold on January 1, 2019, for a. $191,000 b. $185,750 C. $183,000

Answers

The determination of the gain and the character of the gain if the Penn Corporation bonds are sold by Swen on January 1, 2019, for the proceeds of each sale is as follows:

                                        (a)                          (b)                      (c)

Sales proceeds          $191,000             $185,750          $183,000

Carrying value           $185,600            $185,600          $185,600

Capital gain (loss)       $5,400                    $150            ($2,600)

What is the carrying value of bonds?

The carrying value of a bond is the net amount between the bond's face value plus (minus) any unamortized premiums or discounts.

The carrying value is the book value of the bond.

When a bond receivable is sold, capital gain or loss is realized from the sale, which gives rise to capital gain tax.

Data and Calculations:

Bond's price = $184,000

Face value of bonds receivable = $200,000

Premium received = $16,000 ($200,000 - $184,000)

Interest rate = 8%

Maturity period = 20 years

Payment date = January 1, 2017

Straight-line amortization of premium = $800 ($16,000/20)

Carrying value after two years, January 1, 2019, = $185,600 ($184,000 + $1,600)

                                           (a)                          (b)                      (c)

Sales proceeds             $191,000             $185,750          $183,000

Carrying value              $185,600            $185,600          $185,600

Capital gain (loss)          $5,400                    $150            ($2,600)

Carrying value:

Face value                  $200,000

Unamortized premium  $14,400 ($16,000 - $1,600)

Carrying value            $185,600

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the african economic community (AEC) is an organization of african union states establishing a single market, a central bank and common currency. what type of arrangement does this BEST represent

Answers

Explanation:

The aim of the AEC is to promote economic, social and cultural development as well as African economic integration in order to increase self-sufficiency and endogenous development and to create a framework for development, mobilisation of human resources and material.

The world is the house of all relatives.explain it.​

Answers

Explanation:

would is our house.

all peoples that live on this earth they are our relatives.

all peoples and animals are our family.

all are our brothers and sisters.

I love this world.

we have to always give respect to our parents, teacher and all elders.

The world is the house of all our relatives' simply means that the world belongs to each one of us and that we are a one big family. Everyone is bonded by the fabric of life and that makes us all alike and related.

This line denotes the idea that every single person on earth is connected to one another in one way or the other. No man is stranger because if we look closely, we are all from the same genus.

It is important that we treat each other respectfully and dearly for we are all a part of one big family.

More Annual Dividends

Question 5 Attached

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Based on the dividends paid on a semi-annual basis, the annual dividend for each of Susan's shares are $2.24.

What is the annual dividend?

First find the quarterly dividend per share:

= Dividend / Number of shares

= 1,400 / 2,500

= $0.56

The annual dividend will be:

= Quarterly dividend x Number of quarters in year

= 0.56 x 4

= $2.24

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A service fee charged by the bank would fall under which account?
O A. cash
O B. expense
C. revenue
D. receivable
SUOME

Answers

Answer:

B. expense

Explanation:

This is an administrative expense which reports the fees incurred by a company for the expenses associated with its checking account transactions.

who is me are you ok.

Answers

Answer:

I am ok, and you are a human being. Or are you...?

You are a person human alive on earth I’m ok

As more and more firms around the world tighten their corporate governance mechanisms by setting up boards of directors made up of insiders, outsiders, and related outsiders, what will be the most likely effect on these firms' ethical standards and behavior

Answers

The most likely effect is that it will most likely deter unethical behavior among top-level managers.

What is Ethics?

This refers to the moral principles that guide an individual's behavior and conduct of activity.

Hence, we can see that based on the creation of a board of directions that tightens up corporate governance mechanisms, there would be stronger boundaries that will deter unethical behavior among top-level managers.

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What is collaborative business relationship

Answers

Answer:

developing long lasting, trusting relationships with your business partners by taking a strategic collaborative approach, so that you are able to jointly create new and sustainable value.

Explanation:

THATS IS MY ANSWER

The straight-line depreciation method and the double-declining-balance depreciation method: A. Produce the same depreciation expense each year. B. Are the only acceptable methods of depreciation for financial reporting. C. Are acceptable for tax purposes only. D. Produce the same total depreciation over an asset's useful life. E. Produce the same carrying amount or book valueeach year.

Answers

The relationship between the straight-line and double-declining-balance method is that they D. Produce the same total depreciation over an asset's useful life.

How are the straight-line and double-declining-balance methods related?

While they do not produce the same depreciation every year, they will eventually depreciate an asset in the same way overtime.

What this means is that both methods will depreciate an asset by the same amount at the end of the asset's life. However, the depreciation amounts will vary by method on an annual basis.

In conclusion, option D is correct.

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2. Review EOH 2021 Integrated Report and explain in a few words if the strategy has been implemented and is working or not.​

Answers

The EOH 2021 Integrated Report covers the area of EOH policies and programme in the area of social and economic development, and others.

What was the reporting of EOH 2021 about?

The reporting of EOH 2021 was one that focused on:

SustainabilityDiversity and inclusion, Ethical culture Employee wellness

In the workings of the  business, the report stated that the company make sure that employees were assisted in one way or the other.

Conclusively, EOH was said to have complied with the key environmental, social and governance rules and regulations that is required for reporting as they were guided by Global Reporting Initiatives (‘GRI’) Standards.

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#SBJ1

health insurance is designed to cover

Answers

Answer: Loss of income due to accidents or sickness and healthcare expenses



Explanation:

Division ABC has $750,000 in average assets and $200,000 in income. Division XYZ has $800,000 in average assets and $210,000 in income. The company's target rate is 10%. Which division has the highest residual income

Answers

If  Division XYZ has $800,000 in average assets and $210,000 in income. The division that has the highest residual income is: Division XYZ.

Residual income

Calculation  for ABC Residual income

Residual income=$200,000-(0.10×$750,000)

Residual income=$200,000-$75,000

Residual income=$125,000

Calculation for XYZ Residual income

Residual income=$210,000 -(0.10×$80,000)

Residual income=$210,000-$80,000

Residual income=$130,000

Inconclusion the division that has the highest residual income is:Division XYZ.

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What could happen if an employee goes against what the business needs

Answers

Answer:

she must be fire

Explanation:

because he or she brakes the law

Answer the following question using this order book: Order Book Example Buy Orders (Bids) Sell Orders (Asks) Amount Price Amount Price 63 $42.15 3 $42.16 36 $42.12 68 $42.22 112 $41.99 113 $42.25 3 $41.88 9 $42.44 What is the spread for this security after an investor submits a sell order for 185 shares at $41.87

Answers

The spread for this security after an investor submits a sell order for 185 shares at $41.87 is c.) $0.38.

What is the spread?

The spread is the gap or difference between the bid and the ask prices of a security or asset, like a stock, bond, or commodity

The spread is commonly known as a bid-ask spread.  This implies that while the investor is bidding to sell the security at $41.87, it could be sold for $42.25, giving a difference (spread) of $0.38 per share.

Data and Calculations:

Buy Orders (Bids)        Sell Orders (Asks)

Amount       Price         Amount          Price

63              $42.15            3               $42.16

36              $42.12          68              $42.22

112             $41.99          113              $42.25

 3             $41.88             9              $42.44

Spread at a ask price of $42.25 = $0.38 ($42.25 - $41.87)

Answer Options:

a.) 0.01

b.) 0.29

c.) 0.38

d.) 0.17

Thus, the spread for this security after an investor submits a sell order for 185 shares at $41.87 is c.) $0.38.

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Causes that may lead have led to the business closure

Answers

Answer:

Common Reasons Why Businesses Fail

Starting With Too Much Debt.

No Business Plan.

Mismanaged Cash Flow.

Ineffective Leadership.

Failure to Adapt.

Explanation:

Hope this helps

Answer:

hope this helps pls give brainliest

Respond by (1) Identifying the type of syllogism below (Categorical, Disjunctive, Conditional) and (2) explain, in your own words, why the structure of the syllogism may be correct, but the conclusion could be false.

Major Premise: If the sidewalk is wet, then it must have just rained.
Minor Premise: The sidewalk is wet.
Conclusion: Therefore, it just rained.

Answers

The type of syllogism being used in the given sentence is a conditional syllogism.

What is Syllogism?

This refers to the use of reasoning in order to draw conclusions about something based on two premises.

Hence, we can see that conditional syllogism was used in the given premises and this is because it made use of either-or to show that if the sidewalk was wet, then that means that it must have rained.

This reasoning is faulty because there are different possible reasons for the sidewalk to be wet and not just rainfall.

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Using the interest method, the journal entry to record the first interest payment and the related amortization for bonds issued at a discount includes a __________ to __________.

debit; Discount on Bonds Payable
credit; Discount on Bonds Payable
credit; Interest Expense
debit; Cash

Answers

B. Credit; Discount on Bonds Payable

Based on the values of Zara, what values has Zara created for customers?

Answers

Explanation:

. Soupe à l’oignon

This is a traditional French soup made of onions and beef stock, usually served with croutons and melted cheese on top. Dating back to Roman times, this was traditionally a peasant dish although the current version dates from the 18th century. The soup’s unique flavor comes from the caramelization of the onions, which often have brandy or sherry added during the slow-cooking process. If you’re in a soup mood, why not try Marseille’s traditional soupe de poisson à la rouille. Once a fisherman’s favorite, this soup is characterized by a dollop of garlic and saffron mayonnaise placed on top.

French onion soup

Make your own

Choose a classic French onion soup recipe

Use a slow cooker

Try an authentic French-language recipe

2. Coq au vin

This quintessential French food was popularized by Julia Child, becoming one of her signature dishes. The dish sees chicken braised with wine, mushrooms, salty pork or bacon (lardons), mushrooms, onions, garlic and sometimes even a drop of brandy. Although the name translates as ‘rooster in wine’ – the braising is ideal for tougher birds – the recipe usually uses chicken or capon. The wine is typically Burgundy, although regional variations of the dish exist across France that use local wines. These include coq au vin jaune (Jura), coq au Riesling (Alsace), and coq au pourpre (Beaujolais nouveau). Believe it or not, there’s even a coq au Champagne (Champagne).

With a savings and investment program designed for retirement, you can _?_. Choose all that apply. (personal finance class)

prepare for those emergency expenditures
primarily help your friends and family in time of need
ensure that you will be better prepared for your retirement years
none of the above

Answers

The savings and investment program that is designed for retirement can be used to:

prepare for those emergency expenditures primarily help your friends and family in time of need.ensure that you will be better prepared for your retirement years.

What is an investment?

It should be noted that an investment simply means the dedication of asset in order to attain an increase in value for a period of time.

In this case, the investment van be used to prepare for those emergency expenditures, primarily help your friends and family in time of need and ensure that you will be better prepared for your retirement years.

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3. During Michael Jordan's NBA career (
percentage of 83.5% in regular seas
career, how many completed free thro
redictions: On
Accessibility: Investigate
OBI

During Michael Jordan's NBA career (1984–2003), he averaged a free throw completion percentage of 83.5% in regular season play. If Jordan threw 8,772 free throws in his career, how many completed free throws did he make?

Answers

Answer:

7324

Explanation:

We need to find the number of completed free throws out of total free throws

Since he completed 83.5% of them, you find 83.5% of 8772

83.5% can be rewritten as 0.835

[tex]8772 \times 0.835 = 7324.62[/tex]

We don't round up because it isn't 1 complete free throw. 0.62 is not 1 complete free throw so round down

Other revenues and gains $171,410 Other expenses and losses $126,060 Income from operations 186,073 Income before income tax?

Answers

Answer:

if you multiply it you can get ans

The CEO of TruTone Manufacturing tells her executive management team that the company must become more agile to stay competitive. She says, "We have several options to improve our agility, a couple that we have already started to implement. But, most importantly, I believe that we need to organize around our primary strengths and expertise: our __________."

Answers

The statement "I believe that we need to organize around our primary strengths and expertise" complete part is: core capabilities.

What is core capabilities?

Core capabilities can defined as the ability to put into use the skills, knowledge you have developed so as to achieve your set goals and objectives.

A company or organization that want to have an a competitive advantage over other companies, the employers of that company must possess  core capabilities as this will enables them to stay competitve.

Inconclusion  the complete part of the given statement is: core capabilities.

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why is it difficult for firm to sustain competitive advantage?​

Answers

Answer:There are four basic reasons why maintaining a competitive edge has become so difficult: lack of differentiation. well informed buyers in the marketplace. the rise of different types of competition.

Explanation:

ur welcome

It is ____________ to miss a job opportunity because you are a minority worker.

Answers

Reverse discrimination

When a person is denied an opportunitity because of preferences given to protected-class individuals who may be less qualified.

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