Ways in which shoprite can contribute time and effort to improving the well being of employees

Refer to the demand schedule below: Price ($) Quantity demanded 80 0 70 50 60 100 50 150 40 200 30 250 20 300 10 350 0 400 a. Su

snow_tiger [21]

Answer:

a. inelastic

increases

b. inelastic

increases

c. elastic

decreases

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes. An increase in price would lead to decrease in total revenue

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one. An increase in price would increase total revenue

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.

Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases

Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.

Elasticity when price increases from $10 to $20 : -0.143 / 1 = -0.143

Percentage change in quantity demanded = (300 / 350) - 1 = -0.143

Percentage change in price = (20 /10) - 1 = 1

Demand is inelastic

Elasticity when price increases from $30 to $40 : -0.2 / 0.33 = 0.6

Percentage change in quantity demanded = (200 / 250) - 1 = -0.2

Percentage change in price = (40 /30) - 1 = 0.33

Demand is inelastic

Elasticity when price increases from $50 to $60 : -0.33 / 0.2 = 1.65

Percentage change in quantity demanded = (100 / 150) - 1 = -0.33

Percentage change in price = (60 /50) - 1 = 0.2

Demand is elastic

8 0

3 years ago

In order to receive payment from the recovery fund in Illinois, the suit against the alleged violator must be filed within how m

Norma-Jean [14]

Answer:

2 years

Explanation:

According to the PROFESSIONS, OCCUPATIONS, AND BUSINESS OPERATIONS 225 ILCS 454/20-90, it is stated that "No action for a judgment that subsequently results in a post-judgment order for collection from the Real Estate Recovery Fund shall be started later than 2 years after the date on which the aggrieved person knew, or through the use of reasonable diligence should have known, of the acts or omissions giving rise to a right of recovery from the Real Estate Recovery Fund." Therefore in order to receive payment the suit must be filed within 2 years of the violation's occurrence.

8 0

3 years ago

Which of the following best reflects the principle of increasing marginal opportunity cost (or the law of diminishing returns)?

muminat

Answer:

c.

Explanation:

Marginal opportunity cost refers to the otherwise nonexistent cost that the company has to pay in order to produce one additional unit of something. Therefore the best statement that reflects this principle would be that two more hours studying per week could raise your grade from a C to a B, but to raise it from a B to an A, would require 7 hours more studying per week. This is because moving from B to an A is one additional letter grade, but costs a lot more than moving from C to B.

8 0

3 years ago

The Oakland Mills Company has disclosed the following financial information in its annual reports for the period ending March 31

Dmitry [639]

Answer:

The cash flows to investors from operating activity is $402,126.25

Explanation:

For computing the cash flow from operating activity, first, we have to compute the net income which is shown below:

= Sales - cost of goods sold - depreciation expense - interest expense - income tax expense

where,

The income tax expense equals to

= (Sales - cost of goods sold - depreciation expense - interest expense) × income tax rate

= $1,430,000 - $816,000 - $175,000 - $89,575) × 35%

= $122,298.75

The other items values would remain the same

Now put these values to the above formula

So, the value would equal to

= $1,430,000 - $816,000 - $175,000 - $89,575 - $122,298.75

= $227,126.25

Now the cash flow from operating activity equals to

= Net income + depreciation expense

= $227,126.25 + $175,000

= $402,126.25

3 0

3 years ago

An investment, which has an expected return of 5.9%, is expected to make annual cash flows forever. The first annual cash flow i

leonid [27]

Answer:

$3,980.82

Explanation:

Rate per annum = 5.9%

Number of years = 3

No of compounding per annum = 1

Rate per period = 5.9%

Number of period = 3

Future value = 4500*(1+0.025)^2 = $4727.81

PV of 3 years cashflow = Fv * [1/[(1+r)^n]]

PV of 3 years cashflow = $4727.81 * [ 1 / (1+5.9%)^3]

PV of 3 years cashflow = $4727.81 * [1 / 1.059^3]

PV of 3 years cashflow = $4727.81 * 1/1.187648379

PV of 3 years cashflow = $4727.81 * 0.842000057

PV of 3 years cashflow = $3980.81628948517

PV of 3 years cashflow = $3,980.82

3 0

3 years ago

Ways in which shoprite can contribute time and effort to improving the well being of employees​

Ways in which shoprite can contribute time and effort to improving the well being of employees