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3241004551 [841]
3 years ago
7

At a price of $4 per unit, Gadgets Inc. is willing to supply 20,000 gadgets, while United Gadgets is willing to supply 10,000 ga

dgets. If the price were to increase to $8 per unit, their respective quantities supplied would rise to 45,000 and 25,000. If these are the only two firms supplying gadgets, what is the elasticity of supply in the market for gadgets (use the midpoint formula)
Business
1 answer:
prohojiy [21]3 years ago
3 0

Answer:

1.2

Explanation:

Average quantity supplied:

= (70,000 + 30,000) ÷ 2

= 50,000

Therefore,

Percentage change in quantity supplied:

= Change in quantity supplied ÷ Average quantity supplied

= (70,000 - 30,000) ÷ 50,000

= 40,000 ÷ 50,000

= 0.8

Average price:

= (8 + 4) ÷ 2

= 6

Therefore,

Percentage change in price:

= Change in price ÷ Average price

= (8 - 4) ÷ 6

= 4 ÷ 6

= 0.667

Hence,

Elasticity of supply in the market for gadgets:

= Percentage change in quantity supplied ÷ Percentage change in price

= 0.8 ÷ 0.667

= 1.2

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Answer:

c. $125.00

Explanation:

Let us assume the x for invested in portfolio

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X = 1.25

Now the invested amount would be

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pav-90 [236]

Answer:

The correct option is C

Explanation:

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So, Kodak posses the technology of leading imaging and this technology allow the company to differentiate its products from rivals. Therefore, this technology of Kodak is distinctive competency.

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3 years ago
What does a social media manager do?
Rufina [12.5K]

Answer:

A social media manager manages a social media star. They arrange appointments, or things like autograph signings, they monitor or arrange partnerships, they pay lawyers when needed

Explanation:

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4 0
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Assume that because of a new law, the types of significant transactions a partnership engages in are no longer lawful. two of th
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No thsy will have to sell their share
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A marketing campaign to target business travelers includes two advertising buys. One buy cost $4,600 and yielded 220 leads. The
Korvikt [17]

Answer:

$20.90 & $14.88

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