Answer:
The elasticity of supply for hot cocoa is 1.43.
(D) Supply in the market for coffee is less elastic than supply in the market for hot cocoa
Explanation:
Using the midpoint formula,
Elasticity of supply for hot cocoa = (change in quantity supplied/average quantity supplied) ÷ (change in price/average price)
change in quantity supplied = 101 - 31 = 70
average quantity supplied = (101+31)/2 = 66
70/66 = 1.06
change in price = 9.75 - 4.5 = 5.25
average price = (9.75+4.5)/2 = 7.125
5.25/7.125 = 0.74
Elasticity of supply for hot cocoa = 1.06 ÷ 0.74 = 1.43. The supply for hot cocoa is elastic because the elasticity of supply is greater than 1.
Elasticity of supply for coffee = (73 - 31)/(73+31)/2 ÷ 0.74 = 42/52 ÷ 0.74 = 0.81 ÷ 0.74 = 1.09. The supply for coffee is elastic because the elasticity of supply is greater than 1.
However, supply in the market for coffee is less elastic than supply in the market for hot cocoa because the elasticity of supply for coffee is less than that of hot coffee.
Answer:
Option (b) is correct.
Explanation:
Given that,
Net income = $96,200
Depreciation expense = $6,300
Increase in net working capital = $2,800
Net cash from operating activity:
= Net income + Depreciation expense - Increase in net working capital
= $96,200 + $6,300 - $2,800
= $99,700
Therefore, the amount of the net cash from operating activity is $99,700.
In each succeeding payment on an installment note (C) the amount that goes to decrease the carrying value of the note increases.
<h3>
What is an installment note?</h3>
- An installment note is a type of promissory note in which the principal and interest are paid in predetermined quantities, or set minimum amounts, at certain time intervals.
- The loan is amortized through periodic principal reductions.
- An installment note is a legal obligation or responsibility that compels the borrower to return the lender's principal in a series of periodic payments.
- A lump sum note or balloon loan, on the other hand, demands the borrower to return the entire note principal on a certain date.
- There is no payment schedule.
- The amount that goes to reduce the carrying value of an installment note increases with each subsequent payment.
<h3>Solution -</h3>
As it is given in the definition above that the amount that goes to reduce the carrying value of an installment note increases with each subsequent payment.
Therefore, In each succeeding payment on an installment note (C) the amount that goes to decrease the carrying value of the note increases.
Know more about installment notes here:
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Correct question:
In each succeeding payment on an installment note:
A. The amount that goes to decreasing the carrying value of the note is unchanged.
B. The amount that goes to decrease the carrying value of the note decreases.
C. The amount that goes to decrease the carrying value of the note increases.
D. The amounts paid for both interest and principal increase proportionately.
Because firm (A,B, C) has the highest cost of reducing pollution by 1 unit, it would like to (sell 30 permits to, buy 30 permits from) another firm.
Answer:
when you are making your question, their should be a little paper clip looking thing in the bottom corner, click on it and you can add your picture of get a picture form your camera roll, or file on your computer
Explanation:
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