subject
Business, 13.05.2021 14:50 awdadaddda

A coffee kiosk at a local shopping mall has recorded the following information relating to the demand for its coffee. At a price of R10, it is able to sell 400 cups per week. At a price of R7, the quantity demanded is 750 cups per week. Calculate the price elasticity of demand for this kiosk and comment on whether the demand is price elastic or price inelastic. [Hint: Use the arc method for the calculation.]​

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 14:40
Easel manufacturing budgeted fixed overhead costs of $ 1.50 per unit at an anticipated production level of 1 comma 350 units. in july easel incurred actual fixed overhead costs of $ 4 comma 700 and actually produced 1 comma 300 units. what is easel's fixed overhead budget variance for july?
Answers: 2
question
Business, 21.06.2019 21:30
Part i a company's cereal is not selling well. create a 10-15-question survey that measures customers' preferences for the company's cereal product. then, answer the following questions: how many scale items will you put in the survey? justify your answer. will you use multiple-choice questions? why or why not? how many scale points will you use in the survey? justify your answer. what data type will be used in the survey? justify your answer. part ii as a second part of this assignment, create a set of survey questions, assuming that you sell cars. you are attempting to measure how customers perceive the quality of the cars that you sell. create three survey questions with simple category scales. justify why you selected those questions and scales. create three survey questions with multiple-choice, single-response scales. justify why you selected those questions and scales. create three survey questions with multiple-choice, multiple-response scales. justify why you selected those questions and scales. create three survey questions with likert scale summated ratings. justify why you selected those questions and scales.
Answers: 1
question
Business, 22.06.2019 03:40
Oceanside marine company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. oceanside uses standard costs to prepare its flexible budget. for the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: direct materials: 2 pound per unit; $ 11 per pound direct labor: 2 hours per unit; $ 19 per hour oceanside produced 2 comma 000 units during the quarter. at the end of the quarter, an examination of the direct materials records showed that the company used 7 comma 500 pounds of direct materials and actual total materials costs were $ 98 comma 100. what is the direct materials cost variance? (round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)
Answers: 1
question
Business, 22.06.2019 11:30
Given the following information about the closed economy of brittania, what is the level of investment spending and private savings, and what is the budget balance? assume there are no government transfers. gdp=$1180.00 million =$510.00 million =$380.00 million =$280.00 million
Answers: 3
You know the right answer?
A coffee kiosk at a local shopping mall has recorded the following information relating to the deman...
Questions
question
Mathematics, 13.07.2020 19:01
question
Mathematics, 13.07.2020 19:01
question
Physics, 13.07.2020 19:01
question
Mathematics, 13.07.2020 19:01