The main factors influencing a commodity's price elasticity of demand are as follows: 1. The presence of substitutes 2. The sum of consumer spending 3. The Products' Complementarity.
The main factors influencing a commodity's price elasticity of demand are as follows: 1. The presence of substitutes 2. The sum of consumer spending 3. A product's number of applications 4. The Products' Complementarity 5. Time and elasticity. The most important factor influencing price elasticity of demand is the availability of diverse kinds and quantities of substitutes for a particular commodity or service. If a commodity has close substitutes, its demand is probably elastic. The demand for such an item will be greatly diminished if its price rises because consumers will switch to similar substitutes.
With increasing substitutability, something's price elasticity of demand rises.
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An organization that offer goods and services to customers to earn a profit are known as, for profit organizations. A for profit organization is a organization that has a goal to earn profit from their customers.
Answer:
Kindly check explanation
Explanation:
Given the data:
x___ f(x)
10__ 0.05
20__0.10
30__0.10
40__0.20
50__0.35
60__0.20
a. Is this probability distribution valid?
Yes
Σf(x) = (0.05 + 0.10 + 0.10 + 0.20 + 0.35 + 0.20) = 1
0≤f(x)≤1
b. What is the probability MCC will obtain more than 30 new clients
X = 40 + x = 50 + x = 60
0.20 + 0.35 + 0.20 = 0.75
c. What is the probability MCC will obtain fewer than 20 new clients
x = 10
f(x) = f(10) = 0.05
d)Compute the expected value and variance of x.
Expected value (E(x)) :
Σ(x * f(x))
= (10*0.05) + (20*0.1) + (30*0.1) + (40*0.2) + (50*0.35) + (60*0.2)
= 43
Σ(x * E(x))² * f(x)
= (10 - 43)^2 * 0.05 + (20 - 43)^2 * 0.1 + (30 - 43)^2 * 0.1 + (40 - 43)^2 * 0.2+ (50 - 43)^2 * 0.35 + (60 - 43)^2 * 0.2
= 201
Answer:
$133,600
Explanation:
Straight line depreciation expense = (cost of asset - salvage value) / number of year
Cost of asset = $340,000 + $14,000 + $40,000 = $394,000
($394,000 - $60,000) / 5 = $66,800
The amount of accumulated depreciation at December 31, 2018 = $66,800 x 2 = $133,600
Answer:In iOS, typically, apps store their data in a folder named Documents , that is saved in a location next to where the app itself is installed (†). It is important to note that you do not need a jailbroken phone to access this folder.
Explanation:
