Total expenditures for coffee reached a maximum at a price of $5 per lb. At this price the demand for coffee is

Answers

Answer 1

Answer:

" Unitary elastic" would be the correct approach.

Explanation:

Whenever the overall spending would be at the optimal energy, the production is component elastic, since the amount spent was hardly starting to fall as well as neither increasing.  And therefore it is wonderfully sensitive to changement in price, and that's why the government spending is optimum as well as the quantity supplied would be unit elastic.  

Total expenditure then becomes the upper limit for unit quantity demanded besides coffee.


Related Questions

The situation that allows the broker to appoint one or more agents for the client within the same firm, is called

Answers

Answer:

Designated agency.

Explanation:

These form of professionals are seen to be run professional duties in several contracting agencies where they are assigned to. This can be seen in real estate, marketing firms, culinery agencies etc. But the above case discuss about brokers. And here this contracting firm is seen to a certain number of workers to a particular firm. In many cases, these agencies do these in a bid to circumvent the conflict of interest inherent in dual agency.

__________ utility is the benefit marketing provides by allowing the consumer to own, use, and enjoy the product.

Answers

Answer:

Possession

Explanation:

POSESSION UTILITY can be defined as the type of Utility in which a person derived a value for owning a product reason been that POSSESSION UTILITY give such person who purchased a product the right to own the product by enabling such person to possess the ownership of the product and to use the product . Example a person who purchased a car bought it for the purpose of driving it around which means that such person has the POSSESSION UTILITY to own the car , drive the car and enjoy the car thereby deriving a value for owning the car .

Think of a successful business and research the founding of that business. What successes could you learn about from that business?

Answers

Answer:

Explanation:

There are many successful businesses that have risen from nothing. One business that stands out was the website X which is now known as Paypal. Looking at this business and many other successful ones I have learned that making a business successful relies on two main factors. Whether or not your product/service solves a real-life problem, and if you have your correct target audience. Getting both of these two factors correct almost guarantees that your business will be a success assuming you put in the effort.

Explain how growing personal income is related to economic conditions.

Answers

Answer:

see below

Explanation:

Personal income is the total earning an individual gets from wages, investments, bonuses, dividends, profits, or other ventures.  It is the sum of a household income. Personal income is calculated per period, usually one year.

Economic conditions refer to the prevailing state of a country or region's economy.  Economic conditions are ever-changing and are influenced by business cycles of expansions and contraction, government fiscal and monetary policies, macroeconomic factors, and global factors.  Governments and investor use indicators to tell the state of the economy

Economic conditions impact people's and business income. Government policies and global economics influence the level of economic activities. The expansion period has increased economic activities are leading to increased incomes. At contraction, business activities decline, resulting in reduced income.

What kind of network might you have at home?
A.
LAN
B.
WAN
C.
Wireless
D.
Intranet

Answers

Answer:

d

Explanation:

intranet

D intranet

I know this because I am very smart

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