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saveliy_v [14]
2 years ago
6

Suppose the accompanying table contains data on how many veggie delite sandwiches subway is willing to sell each day at two diff

erent prices. Calculate the daily price elasticity of supply when the price increases from $5. 00 to $7. 50. Please round to the nearest hundredth.
Business
1 answer:
erastovalidia [21]2 years ago
5 0

The daily price elasticity of supply is 0.1.

<h3>What is the price elasticity of supply?</h3>

Price elasticity of supply measures the responsiveness of quantity supplied to changes in price of the good.

Price elasticity of supply = percentage change in quantity supplied / percentage change in price

Percentage change in quantity supplied = (210,000 / 200,000) - 1 = 5%

Percentage change in price = ($7.50 / $5) - 1 = 50%

Price elasticity of supply = 5%/50% = 0.1

Please find attached the required table. To learn more about price elasticity, please check: brainly.com/question/18850846

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Answer:

E. avoid using statistics found on the Internet.

Explanation:

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There are six tips of using statistics in our speeches are:

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8 0
3 years ago
An airplane is about to leave the jetway and take off with 50 empty seats. The regular coach fare is $400 for a seat, and the ma
MAVERICK [17]

Answer:

the ariplane should sell the tickets at $100

Explanation:

the socially optimal fare maximizes the sum of consumer and supplier surplus:

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total surplus at $100 = ($100 - $30) x 25 = $1,750

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3 years ago
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expeople1 [14]

Crystal clear theory refers to the notion that "the financial details of a project should be explained plainly enough so that a non-expert would be able to understand them".

<u>Answer:</u> Option A

<u>Explanation:</u>

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4 years ago
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7 0
3 years ago
Read 2 more answers
LO 3.4If the sales mix in a multi-product environment shifts to a higher volume in low contribution margin products, the break-e
kompoz [17]

Answer:

Option 1 is wrong because in the case of multi-product, breakeven is weighted average which means the sales price will weighted average of sale prices of all the multi-products in the sales mix. If we change the weightings the weighted average costs and selling prices changes and so the contribution changes.

Option 2 is also sligthly wrong because Contribution margin per composite unit decreases if the volume of low contribution margin products increases in the sales mix. This means:

Breakeven Point=Fixed Cost/ Contribution per unit.........equartion 1

If the contribution per unit has been decreased the breakeven will rise.

Its impact depends upon the portfolio of products company is managing. It means it increases breakeven with high effects if the products in sales mix 2 to 3.

Option 3 is 100% right because equation 1 is

Breakeven Point=Fixed Cost/ Contribution per unit

Which says

If the contribution per unit has been decreased the breakeven will rise.

Option 4 is absolutely wrong because if we shift to higher volume in low contribution margin products, Contribution margin per composite unit decreases if the volume of low contribution margin products increases

which means Weighted average contribution has been decreased and as a result breakeven point according to equation 1 has been incresed.

5 0
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