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bagirrra123 [75]
2 years ago
9

Suppose you are the manager of a local water company, and you are instructed to get consumers to reduce their water consumption

by 10 percent. If the price elasticity of demand for water is 0.25, by how much would you have to raise the price of water
Business
1 answer:
Veronika [31]2 years ago
6 0

The price of the water needs to be raised by 40% when the consumption of water reduces by 10% and the price elasticity of demand results to 25%.

<h3>What is meant by the price of elasticity of demand?</h3>

The price elasticity of demand is determined as the proportionate variation in quantity with respect to variation in the price of a good.

Given values:

Change in water consumption (fall): 10%

Price elasticity of demand: 25%

Computation of percentage change in the price of water:

\rm\ Change \rm\ in \rm\ price \rm\ of \rm\ water=\frac{\rm\ Change \rm\ in \rm\ water \rm\ consumption}{\rm\ Price \rm\ elasticity \rm\ of \rm\ demand} \\\rm\ Change \rm\ in \rm\ price \rm\ of \rm\ water=\frac{10\%}{25\%} \\\rm\ Change \rm\ in \rm\ price \rm\ of \rm\ water=40\%

Therefore, there is an increase in water price by 40%.

Learn more about the price elasticity of demand here:

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1 point
gavmur [86]

Answer:

Find attached statement and the question which question number 10.

The correct option is C,$90

Explanation:

In the statement you would notice that the balance transfer from another credit card was $785,upon which balance transfer levy of  $23.55 was  charged(Section 7)

Intuitively, the percentage of balance transfer charge is $23.55 divided by the amount of balance transfer i.e $785

balance transfer charge(%)=$23.55/$785=3%

However, if the balance transfer were $3000,the charge is 3% of $3000 i.e $90 ($3000*3%).

The correct option then is C,$90

Download pdf
8 0
3 years ago
A corporation has 40,000 shares of $25 par value stock outstanding. If the corporation issues a 4-for-1 stock split, the number
Olegator [25]

Based on the information given the number of shares outstanding after the split will be: 160,000 shares.

Using this formula

Outstanding shares=Current shares  outstanding × Number of the split

Where:

Current shares  outstanding =40,000 shares

Number of the split =4

Let plug in the formula

Outstanding shares=40,000 shares×4

Outstanding shares=160,000 shares

Inconclusion the number of shares outstanding after the split will be: 160,000 shares.

Learn more here:

brainly.com/question/14652555

4 0
3 years ago
The separation of a manufacturing process into distinct tasks and the assignment of different tasks to different individuals is
dolphi86 [110]

<u>The </u><u>separation </u><u>of a </u><u>manufacturing process</u><u> into distinct tasks and the assignment of different tasks to different individuals is called </u><u>specialization</u><u>.</u>

What is the separation of a manufacturing process?

  • The number one production thing of the chemical system industries is separation processes (CPI).
  • These crucial responsibilities encompass doing away with impurities from uncooked materials, improving and purifying number one products, and casting off impurities from effluent water and air streams.

What is conditioning withinside the production system?

  • A material's inner structure is altered in the course of conditioning processes, converting the material's houses.
  • These tactics modify a material's hardness, corrosion resistance, strength, or different houses via the usage of heat, mechanical force, or chemical reaction.

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6 0
2 years ago
According to surveys in the U.S. and the United Kingdom, what are the most frequently used financial performance measures by mul
I am Lyosha [343]

Answer:

Correct answer is (C)

Explanation:

Budgeted profit vs. actual profit, return on investment, profit

6 0
4 years ago
Workers at a company were assigned to one of two conditions: one group completed a stress management-training program; another g
Sergeu [11.5K]

answer:

Independent Variable: Group that completed the stress management training vs. Group that had no training)

Dependent Variable: Number of sick days

Explanation:

The dependent variables also called Predicated variable is a type of variable that depends on the independent variable which happens as a result of the circumstances surrounding the  independent during an experimental investigations. it also predicts the  outcome resulting from altering the controlled variable. for example in the question, the dependent variable is Number of sick days

The independent variable is the variable the which can be  changed or controlled during an experimental investigation which dependent variable relies on directly. for example from the question, the independent variable is the Group- (Group that completed the stress management training vs. Group that had no training)

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3 years ago
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