1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
krek1111 [17]
3 years ago
11

Look at the table price elasticity. what is the price elasticity of demand (using the midpoint formula) between $2.50 and $2.25?

Business
1 answer:
hodyreva [135]3 years ago
8 0
The difference is .25
You might be interested in
The Wall Street Journal provides a set of guidelines each year for purchasing a laptop computer. The guidelines include recommen
timofeeve [1]

Answer:

D. Evaluative Criteria

Explanation:

Evaluative criteria are standard measures established to evaluate various products by the buyers when choosing between alternatives. It can either be objective or subjective.

The wall street journal is giving the consumers attributes of various laptops (product) in order for them to evaluate and choose the one they want.

5 0
3 years ago
William wants to have a total of $8000 in two years so that he can put a hot tub on his deck. He finds an account that pays 5% i
aev [14]
He needs to put 7600
6 0
3 years ago
Which type of business produces processed goods by changing raw goods into a more finished form?
Naddik [55]

Answer:

Bakeries are known for turning raw goods into things like bread

6 0
2 years ago
In January, Hometown Ice Cream Shoppe reported the following balances in their income statement accounts. Based on this informat
Gekata [30.6K]

Answer:

A) Debit of $1,445

Explanation:

Closing entries refers to the balance statements that are entered at the end of an accounting period in order to transfer the temporary account balances into permanent accounts. Based on the balances listed in the question it can be said that the closing entry to retained earnings will be Debit of $1,445. This refers to money going out of the account and can be calculated by adding all the revenue to the account and subtracting the expenses leaving $ - 1,445 thus being debit.

7 0
3 years ago
Suppose that preferences over private consumption C and public goods G are such that these two goods are perfect substitutes, th
Temka [501]

Answer:

Please see explanation below.

Explanation:

Public goods are goods consumed collectively, they are provided for all members of a community,

no one can be excluded from their consumption. The consumption by one person does not decrease the consumption possibilities for others. Public goods are available for everybody without paying, and these goods cannot be rationed: they are either provided for the whole community, or for no one. Examples of public goods include the public lighting system, public roads, radio broadcasts, national defence, lighthouses, town pavements, etc.

Private goods, on the other hand, are goods consumed individually, and if a unit has been consumed by

someone, then no one else can also consume the same unit. Private goods are scarcely available, and consuming a unit will decrease the amount available for further consumption. Therefore consumers compete for private goods, i.e. private goods are rival in consumption. Consumers can consume them if they pay the price, non-payers are excluded from consumption.

In the first scenario, given that both the private good and public good are perfect substitutes, the optimum quantity produced by the government is at the point where marginal social cost is equal to the marginal social benefit. This optimum output is lower than that of the private firm because the price of public good is higher than price of private good (since marginal social cost > marginal private cost).

If b increases, that means consumers are willing to give up more units of public goods for one unit of the private good. Therefore, the quantity produced by the government will reduce.

For the second part of the question: C = aG, where a > 0.

This implies that equal or more units of the private good is consumed with a particular units of public good. The optimum output still remain at the point where marginal social cost is equal to marginal social benefit but this output level is lower than if the two goods were to be perfect substitutes.

7 0
3 years ago
Other questions:
  • Lori's Company has the following​ items: cash in a checking​ account, $ 6 comma 000​; cash in a savings​ account, $ 9 comma 000​
    13·2 answers
  • Define primary industry .<br>​
    7·1 answer
  • LO 3.2A company has wants to earn an income of $60,000 after-taxes. If the tax rate is 32%, what must be the company’s pre-tax
    11·1 answer
  • A study has been conducted to determine if Product A should be dropped. Sales of the product total $500,000; variable expenses t
    15·1 answer
  • On June 10, Pais Company purchased $9,000 of merchandise from McGiver Company, terms 3/10, n/30. Pais Company pays the freight c
    8·1 answer
  • The interest portion of a monthly loan payment is $427.93. If the interest rate is 6.875%, what is the current principal balance
    12·1 answer
  • Which is not a type of payroll deduction?
    6·2 answers
  • Promotion involves telling customers about the right product available at the right place and _____.Multiple choice question.
    7·1 answer
  • Josh was hired to establish lean processes for a local manufacturing facility. He creates a plan, but he also hires a leading ex
    14·1 answer
  • The ability to anticipate a fraud perpetrator’s likely method of concealing a fraud is called?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!