2. Rice in the price of cigarettes from US $6 to US $9 is found to cause demand to contract from 200,000 to 140,000 a day in an island country.
a. Calculate the price elasticity of demand of cigarettes on the island.
b. Is the demand elastic or inelastic?
c. Explain one reason for the degree of elasticity you have found.
d. Would taxing cigarettes be more effective in reducing smoking or raising tax revenue? Explain
your answer

phillips, inc. had the following financial data for the year ended december 31, 2019. cash $ 41,000 cash equivalents 75,000 long term investments 59,000 total current liabilities 149,000 what is the cash ratio as of december 31, 2019, for phillips, inc.? (round your answer to two decimal places.)

Kirnon clinic uses client-visits as its measure of activity. during july, the clinic budgeted for 3,250 client-visits, but its actual level of activity was 3,160 client-visits. the clinic has provided the following data concerning the formulas to be used in its budgeting: fixed element per month variable element per client-visitrevenue - $ 39.10personnel expenses $ 35,100 $ 10.30medical supplies 1,100 7.10occupancy expenses 8,100 1.10administrative expenses 5,100 0.20total expenses $ 49,400 $ 18.70the activity variance for net operating income in july would be closest to:

When many scrum teams are working on the same product, should all of their increments be integrated every sprint?