subject
Business, 27.02.2020 21:52 KillerSteamcar

The Commerce Ministry of a country conducts regular surveys on goods and services sold within the country. Researchers at the Ministry study consumer behavior through the choices the consumers make while deciding what to buy. Their report on the industry for beverages last year indicated that the price elasticity of demand for fruit juices in the country was -0.8, while the price elasticity of demand for a particular brand called Fruit Drops was-1.2. According to the report, an average consumer spends about 1 percent of his monthly income on fruit juices. A student ofeconomics, Julio, however feels that the current price elasticity of demand for Fruit Drops is actually higher than -1.2, based on his own experience in purchasing fruit juices. Which of thefollowing, if true, would support Julio's view that the price elasticity of demand for Fruit Drops is higher?

A. The average income level of consumers has increased this year as compared to last year.
B. The company that manufactures Fruit Drops also produces a variety of other goods.
C. Three new brands have been introduced in the market for fruit juices in the last month.
D. The management of one of the leading competitors of Fruit Drops was recently accused of manipulating profit figures.
E. Fruit Drops is a very popular brand of fruit juice in this country.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 20:30
Juniper company uses a perpetual inventory system and the gross method of accounting for purchases. the company purchased $9,750 of merchandise on august 7 with terms 1/10, n/30. on august 11, it returned $1,500 worth of merchandise. on august 26, it paid the full amount due. the correct journal entry to record the merchandise return on august 11 is:
Answers: 3
question
Business, 21.06.2019 22:40
wilson's has 10,000 shares of common stock outstanding at a market price of $35 a share. the firm also has a bond issue outstanding with a total face value of $250,000 which is selling for 102 percent of face value. the cost of equity is 11 percent while the preminustax cost of debt is 8 percent. the firm has a beta of 1.1 and a tax rate of 34 percent. what is wilson's weighted average cost of capital?
Answers: 3
question
Business, 22.06.2019 02:30
Witch is an example of a non durable good?
Answers: 1
question
Business, 22.06.2019 08:00
Lavage rapide is a canadian company that owns and operates a large automatic car wash facility near montreal. the following table provides data concerning the company’s costs: fixed cost per month cost per car washed cleaning supplies $ 0.70 electricity $ 1,400 $ 0.07 maintenance $ 0.15 wages and salaries $ 4,900 $ 0.30 depreciation $ 8,300 rent $ 1,900 administrative expenses $ 1,400 $ 0.03 for example, electricity costs are $1,400 per month plus $0.07 per car washed. the company expects to wash 8,000 cars in august and to collect an average of $6.50 per car washed. the actual operating results for august appear below. lavage rapide income statement for the month ended august 31 actual cars washed 8,100 revenue $ 54,100 expenses: cleaning supplies 6,100 electricity 1,930 maintenance 1,440 wages and salaries 7,660 depreciation 8,300 rent 2,100 administrative expenses 1,540 total expense 29,070 net operating income $ 25,030 required: calculate the company's revenue and spending variances for august.
Answers: 3
You know the right answer?
The Commerce Ministry of a country conducts regular surveys on goods and services sold within the co...
Questions
question
Mathematics, 06.05.2021 17:10
question
Mathematics, 06.05.2021 17:10
question
Mathematics, 06.05.2021 17:10
question
Mathematics, 06.05.2021 17:10
question
Business, 06.05.2021 17:10
Questions on the website: 13722367