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
Andrew [12]
3 years ago
15

Suppose for a particular good that when the price rises from $25 to $35 that the quantity supplied rises from 1,000 units to 1,4

00 units. using the midpoint method, the price elasticity of supply is
Business
1 answer:
Strike441 [17]3 years ago
8 0
Given:

Q0 = 1000 units
Q1 = 1400 units
P0 = $25
P1 = $35

Required:

Price elasticity of Supply =?

Solution:

The price of elasticity of supply is a ratio between the change in quantity demand and the change in pricing. Thus, it can be calculated as:

Price of elasticity of Supply = (Q1-Q0)/((Q1+Q0)/2) ÷ (P1-P0)/((P1+P0)/2)

Subsituting values,

Price of elasticity of Supply = (1400-1000)/((1400+1000)/2) ÷ (35-25)/((35+25)/2)

Price of elasticity of Supply = 1
You might be interested in
When several systems operate in parallel, total system capacity is the largest value of the individual system capacities. a. Tru
Fed [463]

Answer:

b. False

Explanation:

It is the opposite, when several systems operate in parallel, total system capacity is the lowest value of the individual system capacities.

For e.g., sectors A, B and C operate in parallel. Sector A can handle 100 units per hour, sector B can handle 150 units per hour and sector C can handle 75 units per hour. The system's capacity is 75 units per hour. If you want to operate at 100 units per hour, a queue will in sector C.

6 0
3 years ago
When money serves as a common denominator for measuring the exchange rates among goods and services, it performs as a
Aleks [24]

Answer:

Standard of value.

Explanation:

When money serves as a common denominator for measuring the exchange rates among goods and services, it performs as a standard of value.

Standard of value is an agreed-upon worth for a transaction in a country's medium of exchange, such as the U.S. dollar or Mexican peso. A standard of value allows all merchants and economic entities to set uniform prices for goods and services

4 0
3 years ago
Recommend ways in which business can contribute time and effort to advance the well being of others in business context in the f
Alina [70]

<span>1.       </span>Employ a business that caters the needs of people such as owning a gymnasium. That way it improves the quality of life of a person.

<span>2.       </span>Basing on the example above, it does not engage into any harmful practice.

<span>3.       </span>Your decision will depend on increasing the fee of gym users or improving the interior design of your gym

<span>4.       </span><span>It provides support to the employee because they can interact with the gym users and can use the gym too</span>

7 0
3 years ago
Sue spent much of her time checking inventories, processing straight rebuys, setting up displays and making sure everything is g
elena-14-01-66 [18.8K]

Answer:

(D) order taker.

Explanation:

An order taker is a salesperson who collects orders checks inventories, processes straight rebuys, sets up displays but does not make any effort to invite new customers or persuade the existing ones to increase their quantities of purchase.

7 0
3 years ago
Which of these phrases is a call to action?
Gemiola [76]

D -it's trying to get you to call so it's a call to action

5 0
3 years ago
Other questions:
  • Mirembe is interested in receiving income to help save money for her grandson's college education. She is considering investing
    5·1 answer
  • Lang Warehouses borrowed $146,960 from a bank and signed a note requiring 10 annual payments of $19,032 beginning one year from
    7·1 answer
  • "5. you are buying a property that will carry a $1,750,000 mortgage. your loan is interest only for 5 years but the interest rat
    8·1 answer
  • Traditionally, life insurance companies, pension funds, and brokerage firms are known as ________.
    8·1 answer
  • Botox Facial Care had earnings after taxes of $340,000 in 20X1 with 200,000 shares of stock outstanding. The stock price was $74
    14·1 answer
  • 1. An economy is initially at full employment, but a decrease in planned investment spending (a component of autonomous expendit
    8·1 answer
  • Which of the following statements is true of standardized promotions?
    9·1 answer
  • Capital budgeting is the process of planning and controlling investments in assets that are expected to produce cash flows for o
    10·1 answer
  • A cell phone company charges $1.25 for a long-distance phone call, plus an additional $0.15 per minute. If Kyle wants to spend l
    5·1 answer
  • Your gross income is 10,000 a month before taxes, and income taxes are estimated at a rate of 20%. In addition, your debt is $2,
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!