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What else can I help you with?
What is one way yo quantify the personal value of a good or service?
By finding the monetary value of something the person would willingly trade in exchange for the good or service
When the price of a good or service changes what happens?
When the price of a good or a service changes, people will generally buy that good or service in plenty. People generally love getting real value for their money.
A numbers distance from 0 on a number line?
A number's distance from 0 on a number line is called absolute value. The absolute value of 5 is 5 and the absolute value of -5 is also 5.
How do you calculate the price elasticity of demand for a product or service?
To calculate the price elasticity of demand for a product or service, you can use the formula: Price Elasticity of Demand ( Change in Quantity Demanded) / ( Change in Price). This formula helps determine how sensitive consumers are to changes in price. A higher absolute value indicates greater sensitivity, while a lower absolute value indicates less sensitivity.
What is the difference between derived demand and absolute demand?
Derived demand refers to the demand for a good or service that results from the demand for another good or service, typically in a production context. For example, the demand for steel is derived from the demand for automobiles, as steel is a necessary input in their production. In contrast, absolute demand refers to the total demand for a product or service in the market, independent of the demand for other goods. Essentially, derived demand is contingent on the demand for related products, while absolute demand stands alone.
Which of these is one way to quantify the value of a good or service?
You can quantify the value of a good or service by doing a market comparison of that good or service.
Distance a number is from zero?
That is called the "absolute value" of the number. For example:The absolute value of 5 is 5.The absolute value of -5 is also 5.That is called the "absolute value" of the number. For example:The absolute value of 5 is 5.The absolute value of -5 is also 5.That is called the "absolute value" of the number. For example:The absolute value of 5 is 5.The absolute value of -5 is also 5.That is called the "absolute value" of the number. For example:The absolute value of 5 is 5.The absolute value of -5 is also 5.
What number has the absolute value as -4?
no number; absolute value is always positive. The absolute value of a negative number is positive. For example absolute value of -4 is +4
What is the absolute value of -19?
The absolute value of 19 is 19. If x is positive , absolute x equals x.
Information about absolute value?
Absolute value is the distance of a number from zero on a number line.
What is the integer's absolute value?
An interger's absolute value is how far away it is from 0, so an interger's absolute value will always be positive. The absolute value of -83 is 83. The absolute value of 178 is 178. etc.
What is absolute value and why is it useful?
The absolute value is when even if a negative number when put in absolute value signs is positive such as.. l-23 l the absolute value is 23. l..l are absolute value signs
What is the absolute value of-607?
The absolute value of something is its difference from 0. Absolute value of -607=607
What is the absolute value of 14?
Absolute value of 14 is 14.
How does the absolute value of -7 compare to the absolute value of 7?
They are the same. the absolute value is always positive
What is an absolute function?
The absolute value function returns the absolute value of a number.
Is the absolute value of negative 7 less than the absolute value of 7?
the absolute value of negative 7 is 7 and the absolute value of 7 is also seven so they are equal. Therefore, the absolute value of negative 7 is not less than the absolute value of 7. Remember that absolute value means the positive of a number
