List three types of products that have elastic pricing, and three types of products that have inelastic pricing. Choose one of the inelastic products and think of a specific product and brand in that category. what do you think is the highest price the marketers could charge for that product, before demand would be adversely affected? Explain your thinking.
Please answer in 350-400 words
In: Economics
The average resident of Metro City produces 630 pounds of solid waste each year, and the standard deviation is approximately 70 pounds. Use Chebyshev's theorem to find the weight range that contains at least of all residents' annual garbage weights.
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Between 420 and 840 pounds |
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Between 560 and 700 pounds |
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Between 490 and 770 pounds |
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Between 350 and 910 pounds |
In: Statistics and Probability
In: Statistics and Probability
If Blake elects to use actual office in home (OIH) expenses, what is the amount of his deduction ? Rent (entire year): $14,400 Renter's insurance (entire year): $1,055 Second phone line, exclusively for business: $103 Tax preparation (allocated to business): $350 Utilities (entire year): $2,281 1. $648 2. $743 3. $2,576 4. $2,957
In: Accounting
In: Nursing
If the price increases from $ 1.50 to $ 2.50, what would be the price elasticity of the demand of the faculty and students? (use the midpoint method for your calculations) What reason could there be for students to have a different elasticity to faculty?
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Price |
amount demand (Faculty) |
amount demand (students) |
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$1.00 |
500 |
5,000 |
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$1.50 |
450 |
4,000 |
|
$2.00 |
400 |
3,000 |
|
$2.50 |
350 |
2,000 |
In: Economics
More wealth was created in the last 30 years than at any time in Canadian history, yet there were significant increases in poverty and food bank use during the same period. How might a structural functionalist explain this trend? How might a conflict theorist explain this trend? Which explanation do you find most compelling?
350 words, please!
In: Psychology
VERY URGENT !!!! Independent random samples were taken of male and female members of University Entrepreneurship Club. These members were considering starting a business. Of 350 members, 250 actually started a business venture. (use 3 digits after decimal point)
a. Estimate the value of the population proportion. (Answer)
b. 90% confidence interval for the population proportion is [Answer to Answer]
In: Statistics and Probability
In: Accounting
The tax burden and fairness issue has been a long standing debate at all levels of government. As an individuals circumstances change, how much should a taxpayer's burden change? Three possibilities exist: regressive distribution, progressive distribution, and proportional distribution. Discuss which option you feel is the most equitable and why? Not counting the question, your post should be 350 words
In: Economics