Suppose the own price elasticity of market demand for retail gasoline is -0.9, the Rothschild index is 0.6, and a typical gasoline retailer enjoys sales of $1,450,000 annually. What is the price elasticity of demand for a representative gasoline retailer's product?

Answers

Answer 1

Answer:

-1.5

Explanation:

Given the following :

Rothschild index = 0.6

Elasticity of demand for total market = - 0.9

Annual sale = $1,450,000

Elasticity of demand for a representative retailer's product :

Using the Rothschild demand Elasticity relation:

Rothschild index = (Elasticity of demand for total market / Elasticity of demand for a representative retailer's product

0.6 = - 0.9 / Elasticity of demand for a representative retailer's product

Elasticity of demand for a representative retailer's product = - 0.9 / 0.6

= - 1.5


Related Questions

what are the basic element of selection of profession describe any two of them​

Answers

Answer:

Basic elements of selection of profession are:

i. Knowledge

ii. Skill

iii. Demand

iv. Importance

v. Scope

vi. Interest

Knowledge: A person must have knowledge about the profession while selection. If a person has knowledge about all the basic things, and key factors which can help him to get success and run the profession properly then he/she can get achievement in profession. But if a person doesn't have knowledge while selecting profession of his/her kind he/she will be failure in the profession. So knowledge is a very important element of selection of profession.

Demand : A person should select a profession which is highly demanded in society. If a person is knowledgeable and skilled then it will be beneficial for him/her to select a profession according to the demand of people. When a skilled person involves in a job concerning the demand of people he/she can earn so much profit because of the popularity and reputation of the profession. In this way, demand is also an important elemeny of selection of profession.

Explanation:

Pls mark me brainliest if u like the answer :)

Knowledge, skill, demand, importance, scope, and interest are the fundamental factors in choosing a vocation.

What is knowledge?

Knowledge is frequently interpreted as being aware of facts or as having practical abilities, but it can also entail being familiar with things or circumstances. Propositional knowledge, also known as knowledge of the facts, is frequently characterized as a true belief that can be distinguished from opinion or conjecture by the use of evidence.

When choosing a profession, a person must be knowledgeable about it. A person can achieve in their profession if they are knowledgeable about all the fundamental concepts and important elements that can help them succeed and manage their profession effectively. However, a person will fail in their chosen profession if they don't have information when choosing a profession that suits them. Therefore, choosing a vocation requires careful consideration of knowledge.

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thank yu for heping me

Answers

Answer:

yr welcome your answer is 4

Explanation:

Which are types of mergers that involve corporations that have created subsidiaries? Check all that apply.


defacto
short-form
statuatory
hostile takeovers
triangular

Answers

Answer:

its shortform and triangular.

Explanation:

edge 2020

Thanks other dude who commented on the wrong answer!

People might choose to use a debit card rather than cash for purchases because
they do not want to carry around large amounts of cash.
Otheir banking institutions charge high fees for cash withdrawals.
O most items cost less when purchased with a debit card.
O debit cards have a higher value than cash and can buy more.

Answers

Answer:

they do not want to carry around large amounts of cash.

Explanation:

Debit cards are comparable in appearance to credit cards. The difference is that debits cards draw funds directly from the customer's account. It means that if the customer does not have sufficient funds in their account, a debit card transaction will not go through. Paying with a debit card is 'almost like' paying cash, only that the funds are held in a bank account.

People choose to carry and pay with debit cards to avoid moving around with a lot of cash. Debit cards reduce the risk of carrying a lot of cash.

Answer:

A

Explanation:

Edge

In the fives C’s, how is cost different from price?
At includes the company's operating costs
Bit makes it easier to promote the product
It reduces the company's operating expenses
Dit includes all of the costs related to the product

Answers

Answer:

it includes all of the costs related to the product

Explanation:

in fives C, cost represent the total value of economic sacrifice that a business have to made in order to create the product. It includes things like the cost of materials, the amount of salary that need to be made to pay the employees who made it, the amount of money needed to operate machines to make it, etc.

Price on the other hand, is the amount of payment / compensation that the business expect from customers in exchange of obtaining the product. As a general rule to generate a profit, the Total price need to exceed the amount of cost of that product.

PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST) PERSONAL & FAMILY FINANCE

Economists define capital as money used to start a business.



True




False

Answers

Answer:

False

Explanation:

Economists define capital as money used to start a business. The given statement is False.

Capital is the money a business requires to operate and grow. Cash on hand, accounts receivable, close cash, equity, and capital assets are typical kinds of capital.

What does capital mean in economics?

A factory and its equipment, intellectual property like patents, or financial assets owned by a firm or individual are all examples of things that offer their owner value or an advantage. Despite the fact that money can technically be considered capital, the term is typically used to refer to funds utilized for investments or the production of goods.

The money a company has on hand to cover both its ongoing expenses and potential future expansion is known as capital. Working capital, debt, equity, and trade capital are the four main types of financial resources. Financial entities such as brokerages and others employ trading capital.

Thus, the given statement is untrue.

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Compare two options for saving money. Address the advantages and disadvantages of each option.
( i said business but it’s career)

Answers

Advantage: you can save up to afford more than you would if you just spend it. It also would help you if you are in a time of need to have the spare cash.

Disadvantage: although it’s hard to see the disadvantages of saving money the only thing I could think of would be missing out on deals or something along those lines.

Graphical information can be useful in
a.
Math only
c.
Science only
b.
Social Studies only
d.
All subjects

Answers

Answer:

d all subjects

Explanation:

think its right sorry if its wrong

The answer fam is..........D) All subjects

What is the meaning of business opportunity

Answers

Answer:

A business opportunity (or bizopp) involves sale or lease of any product, service, equipment, etc. that will enable the purchaser-licensee to begin a business. ... This is different from the sale of an independent business, in which there is no continued relationship required by the seller.

hope this help you!! ;)))

What is the meaning of time recovering ​

Answers

Answer:

to recover a wound

Explanation:

time to recover the sentence shows recover what can possibly recover ofcource a wound.

What are the limitations of an MkIS?

Answers

Answer:

Limitations do exist with an MIS, such as the expense to create and implement an MIS, training time for employees, lack of flexibility and capturing wrong or incomplete information.

Explanation:

HELP NOW PLEASE!!!! Which of the following distinguishes skilled workers in modern manufacturing from workers in Winslow Taylor’s time? (Select all that apply.)


collaboration

machine operation

teamwork

engineering skills

Answers

Answer:

engineering skills

teamwork

machine operation

odyssey

Explanation:

sorry if it's not right

Identify which account would be debited and credited to record each transaction occurred at Forever Green Lawn Service. The first transaction has been completed as an example. Transactions Debit Credit Ex. Issued a check for monthly rent. Rent Expense Cash 1. Purchased supplies on account. Supplies Accounts Payable 2. Purchased new equipment, issuing a check for a down payment, with balance due in thirty days. Equipment Cash, Accounts Payable 3. Provided services on account. Accounts Receivable Fees Income 4. Purchase supplies for cash. Supplies Cash 5. Issued a check to pay a creditor on account. Accounts Payable Cash 6. Collected payment from credit customer. Cash Accounts Receivable 7. Issued checks to pay employees their monthly salaries. Salaries Expense Cash 8. Performed services for cash. Accounts Receivable Fees Income 9. Received cash for damaged supplies returned. Cash Supplies 10. Issued a check to pay the telephone bill.

Answers

Answer:

1. Debit  Supplier Account

  Credit Payable

2. Debit Equipment

   Credit Cash

3. Debit Accounts Receivable

   Credit Fees Income

4. Debit Supplies

   Credit Cash

5. Debit Accounts Payable

   Credit Cash

6. Debit Cash Accounts

   Credit Receivable

7. Debit Salaries Expense

   Credit Cash

8. Debit Accounts Receivable

   Credit Fees Income

9. Debit Cash

   Credit Supplies

10. Debit Telephone Expense

    Credit Cash

Explanation:

1. Debit  Supplier Account

  Credit Payable

2. Debit Equipment

   Credit Cash

3. Debit Accounts Receivable

   Credit Fees Income

4. Debit Supplies

   Credit Cash

5. Debit Accounts Payable

   Credit Cash

6. Debit Cash Accounts

   Credit Receivable

7. Debit Salaries Expense

   Credit Cash

8. Debit Accounts Receivable

   Credit Fees Income

9. Debit Cash

   Credit Supplies

10. Debit Telephone Expense

    Credit Cash

If a person wants to work from home in the Business, Management and Administrative careers, what is required?
a cubicle to keep the person on task
a private office to protect confidential information
proper technology to keep the person connected
proper travel arrangements to meet with customers

Answers

Answer:

C.   proper technology to keep the person connected

Explanation:

Answer:

C

Explanation:

Edge 2021

What are the characteristics of open and honest communication?

Answers

Answer:

being open and honest builds a sense of self-worth. It is about being moral, truthful to yourself and with others.

Explanation:

i’m pretty sure the answer is speaking truthful thoughts

what degree is this?

a degree awarded by a university after completion of 2 or more years of work beyond a masters degree

Answers

Answer:

doctorate

Explanation:

Your plan projects revenue of $5,000, $8,000, and $10,000 in years 1 through 3. Expenses are projected to be $9,000 for each of years 1 through 3. If your only funding need is the gap between revenue and expenses, which is the best estimate of your maximum cumulative funding need?

a) $0
b) $1,000
c) $4,000
d) $50,000

Answers

Answer:

c) $4,000

Explanation:

The only funding needed is the difference between revenue and expense.

For year 1: funding required is $9,000 -$5000 = $4000

For year 2: funding required is$ 9,000 - $8000 = $1000

For year 3: funding required is $9000 -$10,000 = -$1000

cumulative funding = $4000, + $1000 + (-$1000)

=$5000 - $1000

=$4000

Explain an Argument In the section "Consequences of Ending Rent Control," you read that most economists argue that the benefits of ending rent control exceed the costs. Do you agree? Why or why not?

Answers

Answer:

Disagree Option

Explanation:

Setting prices ceilings on rent can cause the balance in supply and demand to fall short of each other. For example, let's say the equilibrium for supply and demand was 5 apartments for $100 a month and that the supply at $100 was 5 apartments. If you created a price ceiling at $90, this would cause a greater demand but less of a supply generating an apartment shortage.

How does cultural knowledge help a company achieve success?

Answers

A company knowing about different cultures can help them think about things from different standpoints and make decisions based off experiences.

Which type of data does your company collect from customers or potential customers?
A.
Positioning data
B.
Market share data
C.
Primary data
D.
Secondary dat

Answers

I’m going with C primary data

Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credit to their accounts. All of Halifax’s sales are for credit (no cash is collected at the time of sale). The company began 2021 with a refund liability of $300,000. During 2021, Halifax sold merchandise on account for $11,500,000. Halifax’s merchandise costs it 65% of merchandise selling price. Also during the year, customers returned $450,000 in sales for credit, with $250,000 of those being returns of merchandise sold prior to 2021, and the rest being merchandise sold during 2021. Sales returns, estimated to be 4% of sales, are recorded as an adjusting entry at the end of the year. Required: 1. Prepare the entry to record the merchandise returns and the year-end adjusting entry for estimated returns. Note: Record the estimated returns at net amounts. (If no entry is required for a transaction/event, select "No journal entry required" in the first account f

Answers

Answer:

1. Prepare the entry to record the merchandise returns and the year-end adjusting entry for estimated returns.

to record returns from last year's sales:

Dr Refund liability 250,000

    Cr Accounts receivable 250,000

Dr Inventory ($250,000 x 65%) 162,500

    Cr Cost of goods sold 162,500

to record return liability for current year's sales:

Dr Sales returns and allowances ($11,500,000 x 4%) 460,000

    Dr Refund liability 460,000

Dr Refund liability 200,000

    Cr Accounts receivable 20,000

Dr Inventory ($200,000 x 065%) 130,000

    Cr Cost of goods sold 130,000

HELP I NEED ANSER QUICK!! Choose a type of company you would like to work for or start-up yourself and then answer the questions below. a. Describe the type of company and the product it would sell. TIP: This can be the same or different from the company you described in Assignment 1R. (1-3 sentences. 1.0 points) b. Describe at least two categories you could group the company's target customers into if the company was using channel management. (1-2 sentences. 1.0 points) c. Describe at least two ways that the company might decide to treat those two categories of customers differently and explain why it might do that. (1-5 sentences. 4.0 points) d. Would the type of channel management described in questions 2b and 2c above be likely to lead to unfair treatment of some groups? Why or why not? How could you make sure that didn't happen? (1-5 sentences. 4.0 points)

Answers

Answer:

    a. Describe the type of company and the product it would sell. TIP: This can be the same or different from the company you described in Assignment 1R. (1-3 sentences. 1.0 points)

The company would be a large company that has multiple locations. It would sell clothes.

    b. Describe at least two categories you could group the company's target customers into, if the company were using channel management. (1-2 sentences. 1.0 points)

The company’s target customers would be for adults and people who like to dress fancy.  

    c. Describe at least two ways that the company might decide to treat those two categories of customers differently, and explain why it might do that. (1-5 sentences. 4.0 points)

 The company might offer regular adults a rewards card or something. It might offer the people who dress fancy special discounts for things like their birthdays or holidays. I think it might do that  because people who dress fancy are generally richer so they would want to keep that customer by offering exclusive discounts. The company would offer the regular adults a rewards card because it is more ordinary.

d. Would the type of channel management described in questions 2b and 2c above be likely to lead to unfair treatment of some groups? Why or why not? How could you make sure that didn't happen? (1-5 sentences. 4.0 points)

Yes it would lead to unfair treatment of some groups because it would mean that the groups with more money will get more discounts but the groups with less money will not get those benefits, so these groups would be jealous of the group that’s getting the discounts.

Explanation:

sorry i know its a lil late but for the people who need it in the future here you go...

a. The company would be a large company that has multiple locations. It would sell clothes.

b. The company’s target customers would be for adults and people who like to dress fancy.  

Who are target customers?

The type of person that a company wants to sell its products or services to is called the target customer.  We need the right product to satisfy the needs of target customers.

c.The company could provide regular adults with a rewards card or something. It may offer people who dress up special discounts for occasions such as their birthdays or holidays. I believe it will do so because people who dress up are generally wealthier, and they will want to keep that customer by offering exclusive discounts. Because regular adults are more common, the company would provide them with a rewards card.

d. Yes, it would result in unfair treatment of some groups because it would mean that groups with more money would receive more discounts while groups with less money would not receive those benefits, causing these groups to be envious of the group receiving the

Therefore, all the questions are answered above.

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1. Which of the following is an essential element of responsible behavior:
Group of answer choices

a Compassion

b Hopefulness

c Decisiveness

d Positivity



2 Why can fairness be a tricky concept?
Group of answer choices

a It doesn’t always mean getting your own way.

b Most people don’t want to be fair.

c Nothing is ever truly fair.

d It means something different in every culture.


3 Part of accountability is
Group of answer choices

a being fair.

b treating others kindly even if they are different from you.

c making judgments based on fact rather than opinion.

d doing what you say you will do.


4 Displaying personal responsibility requires someone to have strong
Group of answer choices

a ethics.

b friendships.

c writing skills.

d professional experience.


5 For places such as work or school to function smoothly, everyone must
Group of answer choices

a talk about their feelings.

b have a sense of social responsibility.

c pay their taxes on time.

d agree on the same solutions.


6 Acting responsibly includes
Group of answer choices

a making sure your classmates succeed.

b joining an athletic team.

c applying for leadership positions.

d following the rules.


7 Telling the truth can sometimes be difficult because
Group of answer choices

a the truth usually causes trouble.

b lying is easier than facing the consequences.

c people like lies more than the truth.

d the truth doesn’t help you get ahead in life.


8 When you make a mistake, the responsible thing to do is
Group of answer choices

a determine where to lay the blame.

b admit it.

c quit the project.

d try to fix it before anyone finds out.


Finishing tasks with care means that
Group of answer choices

a the tasks are completed on time.

b your project will succeed.

c your teacher or boss is happy.

d the tasks have been triple checked.


Acting appropriately means
Group of answer choices

a never hurting anyone’s feelings.

b treating others with respect even when they’re being annoying.

c making sure everyone is happy with you.

d putting up with however anyone wants to treat you.

Answers

Answer:

1. C

2. D

3. D

4. A

5. B

6. D

7. B

8. B

9. A

10. B

1. The essential element of responsible behavior is Compassion. Responsible behavior involves showing empathy and understanding towards others, considering their needs and feelings. Option A is the correct answer.

Compassion is an essential element of responsible behavior because it fosters a sense of connection and consideration for others, leading to a more harmonious and supportive environment.

2. Fairness can be a tricky concept because It doesn't always mean getting your own way. Fairness requires considering the perspectives and needs of others, which may not align with one's own desires or preferences. Option A is the correct answer.

Fairness may involve reconciling conflicting interests and finding compromises. When there are competing needs or desires, it can be difficult to find a solution that satisfies everyone.

3. Part of accountability is doing what you say you will do. Being accountable means taking responsibility for one's actions and following through on commitments and promises. Option D is the correct answer.

When everyone in a team or community follows through on their commitments, it creates a positive and productive environment. It fosters a culture of accountability and reliability

4. Displaying personal responsibility requires someone to have Ethics. Personal responsibility involves making ethical decisions and taking ownership of one's actions and choices. Option A is the correct answer.

Displaying personal responsibility through ethical behavior enhances our trustworthiness and credibility. When we consistently act in accordance with ethical principles, others perceive us as reliable, honest, and dependable.

5. For places such as work or school to function smoothly, everyone must have a sense of social responsibility. Social responsibility means recognizing the impact of one's actions on others and acting in a way that promotes the well-being of the community or organization. Option B is the correct answer.

A sense of social responsibility is essential for the smooth functioning of places like work or school. It promotes collaboration, teamwork, respect, empathy, accountability, reliability, and the overall well-being of the community

6. Acting responsibly includes following the rules. Responsible behavior involves adhering to established rules, guidelines, and expectations to ensure the safety and well-being of oneself and others. Option D is the correct answer.

By following rules, we set a positive example for others to follow. Our responsible behavior can inspire others to act responsibly as well, creating a ripple effect that promotes a culture of accountability and respect.

7. Telling the truth can sometimes be difficult because Lying is easier than facing the consequences. It can be challenging to tell the truth when it may lead to negative outcomes or repercussions. Option B is the correct answer.

Honesty is the foundation of trust in relationships, whether they are personal or professional. By telling the truth, we demonstrate integrity and reliability, which fosters trust with others.

8. When you make a mistake, the responsible thing to do is Admit it. Taking responsibility for one's mistakes involves acknowledging and accepting the error, and being willing to learn from it and make amends. Option B is the correct answer.

Admitting mistakes builds trust and credibility with others. When we are honest about our shortcomings, it shows that we are sincere and reliable.

9. Finishing tasks with care means that the tasks have been Triple checked. Finishing tasks with care involves thoroughness and attention to detail to ensure that the work is completed accurately and to the best of one's ability. Option C is the correct answer.

Triple-checking tasks is an important step in maintaining a high standard of quality. By reviewing the work multiple times, we can identify areas that may need improvement or refinement. This helps to ensure that the final product or outcome is of the highest possible quality.

10. Acting appropriately means Treating others with respect even when they're being annoying. Acting appropriately involves considering the feelings and rights of others, even in challenging situations, and treating them with respect and courtesy. Option B is the correct answer.

Treating others with respect, even when they're being annoying, can help in resolving conflicts more effectively. It allows for open and constructive communication, where both parties feel heard and valued.

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Which is a requirement for an acceptance?

mirror image of offer
intent to contract
communicated
all of the above

Answers

All of the above

The offer must be mirrored, the first party must have an intent to contract, and that intent must be communicated for the second party to know, for sure, that a specific contract is agreed upon for acceptance.

Please mark as Brainliest if you found this helpful.

The answer above is correct my dude

A business buys motors that it uses to make blenders and mixers. The motors are an example of?

Answers

Answer:

components

Explanation:

Components are goods used as materials in manufacturing other products. They are finished products in the real sense but are used as parts in making other products. Components are usually by an original equipment manufacturer and sold to other manufacturing companies or consumers as spare parts.

Motors are complete goods manufactured by an original equipment manufacturer. The manufacturer sells the motors as components to be used in the production of blenders.  The motors are, therefore, material used in the making of blenders.

Which type of ways and result in low moral amongst employees

Answers

Some of the ways that could result in low moral amongst employees include:
-job security issues;
-lack of recognition/appreciation;
-uncertain business conditions;
-workplace bullying/harassment;
-limited upward mobility;
-lack of fair compensation;
-lack of clarity in job expectations;
-poor/cruel leadership;
-micromanagement, and;
-extra working hours.

Galvin grew up on a farm. He worked on his father’s farm and then inherited the business when his dad retired. For which career pathway(s) would Galvin be most qualified?

A. Galvin is most qualified to work for a natural resource system.
B. Galvin is most qualified to work for a conservation science.
C. Galvin is most qualified to work for plant systems and animal systems.
D. Galvin is most qualified to work in agribusiness and power, structural, and technical systems.

Answers

C. Galvin is most qualified to work for plant systems and animal systems.

I hope this helps

Answer:

C. Galvin is most qualified to work for plant systems and animal systems.

Explanation:

Your brother has cooked the books and skimmed money because he has six kids, one ex-wife, and may lose his home. The corporation's ISP sues the corporation for defaulting on the Web design and hosting contract, which you signed, claiming that the corporation is a sham corporation. You and your mom are personally liable.

False

True

Answers

Answer

false (?)

Explanation

I have no explanation

True

Answer:

Explanation:

Did on Edg

Which of the following does not represent a copyright?

Answers

Answer:

what are the options so i can help.

Explanation:

Name one way a person becomes eligible to vote.

Answers

registered American citizen
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To increase memory, the author recommends that apersonget fresh air and exercise.Bspend time indoors at the library.sleep six hours every night.Dmemorize homework assignments. Choose all sets that contain the number - 2.22. Natural numbers whole numbers integers Rational numbers irrational numbers Real numbers Ethan bought 4 packages of pencils. After he gave 8 pencils to his friends, he had 40 pencilsleft over. How many pencils were in each package? Use the drop-down menus to solve theproblem arithmetically and algebraically. What do plant cells use to get energy from the sun What is the kinetic Energy of the 80 kg skydiver if he is falling at 60 m/sec? Radish flowers may be red, purple, or white. A cross between a red-flowered plant and a white-flowered plant yields all-purple offspring. The part of the radish we eat may be oval or long, with long being dominant. If true breeding red, long radishes are crossed with true breeding white, oval radishes, what will the offspring look like? Which of the following is not true? True or False: More developments in music occurred in the Renaissance Era than in the Medieval Era. 1. Transform pentagon BEARS According to (x,y) (x + 6, y + 8). Write the coordinates forpentagon B'E'A'R'S' and sketch pentagon B'E'A'R'S' on the same coordinate plane Whats the effect that crona virurs had on online small business? 100 words not my whole project promise its somost to be 1000 words so i just asked for 100 from you : ) How does the First Amendment protect religious freedom for American citizens?Choose exactly two answers that are correct.It lets people practice their faith in their own way.It allows the government to tax religious institutions.It prevents the government from establishing a national religion.It encourages all Americans to go to church on Sunday. Hey guys I need help with this, can you write a short story using 10 of these words and can you guys make it so it looks like a 6th grader wrote it? Thank you, here are the words. Apparel, Besiege, Compress. Denounce, Dispatch, Douse, Expressly, Famished, Forsake, Gainful, Immense, Inept, Ingenious, Instantaneous, Irk, Libel, Misgiving, Oaf, Recede and Repast The equation y=-x2 - 8x 18 is shown by graph 88.403 887.304 887.043 Greatest to least Multiply the polynomials (3y^3 + 2y^2 7y) and (2y^2 4y + 4). THREE milkshakes cost $9.75. At this rate, how much do TWO milkshakes cost? * THE CHOICES ARE: $6.50,$3.25,$3.75,$4.88, CHOOSE ONE PLEASE TELL ME WITH PROOF. Surface water has no relationship to groundwater since it is formed in different parts of the watershed. True or False? A machine was purchased for $35,500, having a useful life of 10 years, and a residual value of $6,000. Compute the annual depreciation expense using the straight-line method. Write the equation of the line parallel to the given line and through the givenpoint. y=2x - 8 through (3.10) What is the most difficult part of being a leader?