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Assoli18 [71]
3 years ago
9

Suppose that in a week the price of ground beef decreases from $5.00 to $4.00 per pound. At the same time, the quantity of groun

d beef demanded at a typical grocery store increases from 9,000 to 12,000 pounds per month. What is the price elasticity of demand for ground beef?
Business
1 answer:
Margaret [11]3 years ago
5 0

Answer:

The price elasticity of ground beef is -1.65.

Explanation:

At the price level, $5 the quantity demanded is 9,000.

A decline in the price to $4 leads to an increase in the quantity demanded at 12,000.

The price elasticity of demand will be

= \frac{Change\ in\ quantity\ demanded}{Change\ in\ price}

= \frac{\frac{Q2-Q1}{Q1} }{\frac{P2-P1}{P1} }

= \frac{\frac{12,000-9,000}{9,000} }{\frac{4-5}{5} }

= \frac{\frac{3,000}{9,000} }{\frac{-1}{5} }

= \frac{0.33}{-0.2}

= -1.65

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Blababa [14]

Answer:

c. 11.32; reject

Explanation:

The IRR is the rate at with net present value equals zero.

-152,000 + \frac{60,800}{1+IRR} +\frac{62,300}{(1+IRR)^{2} } +\frac{65,000}{(1+ IRR)^{3} } = 0

\left[\begin{array}{cc}Period&Cash Flow\\0&-152,000\\1&+60,800\\2&+62,300\\3&+65,000\\4&0.113237029\\\end{array}\right]

To solve it you use excel or a financial calculator:

0.1132370

Because the IRR is lower than minimun aceptable rate of return, the project should be rejected.

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4 years ago
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whilst getting to know to turn out to be marketers, we should usually select to construct upon new possibilities, community, search for mentors to research from them as well as brainstorm new thoughts on every occasion we have the time to interact in it.

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2 years ago
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responsiveness and empathy

Explanation:

Based on the information provided within the question it can be said that by doing this Hiro can demonstrate responsiveness and empathy. This is because he is showing empathy by understanding the clients feeling that if they have any problems with the work that has been done they would like it solved. And by understanding this and showing up in order to see if they actually do have any problems and providing a solution he is demonstrating responsiveness. Which will help him build his long-term relationships with his contractors.

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2 years ago
Cooley company's stock has a beta of 1.32, the risk-free rate is 4.25%, and the market risk premium is 5.50%. what is the firm's
balu736 [363]
11.51%

The required rate of return = risk-free rate + Beta * (market risk premium)

Here, we multiply the beta of 1.32 times the market risk premium of 5.50%, then add the risk-free rate of 4.25% to get the required rate of return, or 11.51%. 
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