Price Elasticity of Supply. The price elasticity of supply is calculated as the percentage change in quantity divided by the percentage change in price.
Using the Midpoint Method
PES = ((Q2-Q1) / ((Q2 + Q1) / 2)) / ((P2-P1) / ((P2 + P1) / 2))
PES = (((10) - (7)) / (((10) + (7)) / 2)) / (((50) - (40)) / (((50) + (40)) / 2))
PES = 1.59
the elasticity of beth's labor supply between the wages of $ 40 and $ 50 per hour is approximately 1.59
In this case, to 1% rise in price causes an increase in quantity supplied of 1.59%
answer:
the elasticity of beth's labor supply between the wages of $ 40 and $ 50 per hour is approximately 1.59
In this case, to 1% rise in price causes an increase in quantity supplied of 1.59%
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Answer:
accrual method = $4000
cash method = $12000
Explanation:
given data
rent = $1000
time = 12 month
to find out
maximum amount of rent
solution
we know from 1 September mika start paying rent
so September to December = 4 months
so by accrual method
accrual method = rent × time
accrual method = 1000 × 4
accrual method = $4000
and
by cash method
cash method = rent × time
cash method = 1000 × 12
cash method = $12000
Answer:
The US is the largest economy in the world, but it only represents about 1/4 of the total. That means that the opportunities of earning higher profits and effectively using all their resources increases dramatically when you serve the whole world. E.g. Apple is the mot valuable firm in the world and about 60}% of its revenue comes from foreign markets. Something similar applies to most large corporations, that would be much smaller and less profitable is they only served the US market.
Answer:
Nestle - Irresponsible marketing of baby milk
Amazon - Avoiding tax
Coca Cola - Workers right violation at plant
Shell - Causing high environmental pollution
Explanation:
There are various ethical issues which businesses face today. There are problems of nepotism, harassment, discrimination, abuse of power and misrepresentation of financials. The company bad corporate culture also contributes towards unethical issues. There are various companies which maintains a brand image around the globe but are involved in unethical practices in someway. These companies are only concerned towards their uncountable profits and does not care about any ethical issue.
