Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credi

Answer:

The elasticity of supply for hot cocoa calculated at 1.43.

(D) The coffee market's supply is less elastic compared to that of hot cocoa.

Explanation:

Applying the midpoint formula,

The elasticity of supply for hot cocoa is (change in quantity supplied/average quantity supplied) ÷ (change in price/average price).

The change in quantity supplied amounts to 101 - 31 = 70.

The average quantity supplied equals (101 + 31)/2 = 66.

70/66 yields 1.06.

The price change is 9.75 - 4.5 = 5.25.

The average price is (9.75 + 4.5)/2 = 7.125.

5.25 divided by 7.125 results in 0.74.

Thus, hot cocoa's elasticity of supply is 1.06 ÷ 0.74 = 1.43. The supply for hot cocoa is elastic since this value exceeds 1.

For coffee, the elasticity of supply computes to (73 - 31)/(73 + 31)/2 ÷ 0.74, which simplifies to 42/52 ÷ 0.74 = 0.81 ÷ 0.74 = 1.09. Coffee supply is regarded as elastic as well because its elasticity is above 1.

However, the supply of coffee is less elastic than that of hot cocoa since its elasticity value is lower than that for hot cocoa.

Answer: Distinctive competence

Explanation: Distinctive competencies refer to specific attributes that uniquely differentiate a person, company, or organization from its competitors. These qualities make it challenging for consumers to swap these services for another, while competitors often find them hard to replicate. Such features typically foster success, enhance customer loyalty, and provide an advantage over rivals. This concept is termed distinctive competence, indicating services available only from one entity or very few. In the context provided, Gadgetbug demonstrates distinctive competence through its exceptional after-sale customer service, which competitors struggle to equal.

Respuesta:

A continuación, se presenta la solución a esta pregunta:

Descripción:

El aumento en el uso de drones por parte de los proveedores impulsará su mercado. Un exceso de oferta moverá la curva de moda hacia la derecha si la demanda permanece constante. Esto permitirá que los drones aumenten su valor de equilibrio y también mejoren su rendimiento.

Response:

There will be an increase in equilibrium quantity, but the impact on equilibrium price remains uncertain.

Note:

Due to the scientists' discovery, demand for oranges will rise, as will the price.

Additionally, the introduction of new fertilizers will boost the supply of oranges, leading to a price decrease.

Taking both of these factors into account indicates that there will be a rise in equilibrium quantity, while the effect on equilibrium price cannot be determined.