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andreyandreev [35.5K]
4 years ago
11

Assume a steel company is willing to sell its alloy beams for $400 a piece and produce 100000 units. At a price of 449 they are

willing to sell 100,935 units. From this information, calculate the price elasticity of supply.
Business
1 answer:
Anna [14]4 years ago
8 0

Answer:

The price elasticity of supply is 0.0763 or 7.63%.

Explanation:

Price Elasticity of Supply shows response of quantity supplies to the price of the product supplied. Its Formula is as follow:

Price Elasticity of Supply = % change in supply / % change in price

Price Elasticity of Supply = (0.935% / 12.25%) x 100 = 7.63%

% Change in Supply = ( 100,935 - 100,000 ) /100,000 = 0.935%

% Change in Price = ( 449 - 400 ) / 400 = 12.25%

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algol13

 

In order to obtain more cultural information about Ecuador I would consult a websitecalledhttp://geert-hofstede.com.

 

Geert Hofstede is a Dutch social psychologist who is known for his research on different cultures. On his website one can enter a country of choice and will obtain information on that culture’s dimensions (a theory developed my Hofstede). 

3 0
3 years ago
If a producer violates an insurance law and also commits a criminal action in the process, which action is the Director most lik
Alina [70]

Answer:

The director is required to send a mail concerning the revocation notice to the producer.

Explanation:

Where a producer violates an insurance law and also commits a criminal action in the process, the director is expected to send a notice to the producer and inform the Attorney General for possible prosecution.                              

8 0
4 years ago
flash receives a distribution of long-term capital gain property worth $40,000 (basis to the s corp of $10,000) from the s corpo
Alexus [3.1K]

Flash's basis in the S corporation after the distribution will be equal to $27000.

Within any organization or firm, there are multiple shareholders of the firm. Each shareholder has a share in the company's profit and even has the say whenever any important decision has to be taken. Flash is also a shareholder in S corporation. Now, at first Flash increases his basis by 50% of the gain on property distribution by S corporation. This is expressed as

Increased basis = (Capital worth - Basis to S corporation) × 50%

Increased basis = ($40000 - $10000) × 0.5

Increased basis = $15000

Now, Flash reduces the basis as

Reduced basis = Basis before distribution + Increased basis - Capital worth

Reduced basis = $52000 + $15000 - $40000

Reduced basis = $27000

Learn more about Shareholder at:

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3 0
1 year ago
Which person BEST exemplifies an entrepreneur? Mark is known as the profit maker in the firm where he is employed Mary embraces
blagie [28]

Answer:

Mary

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An entrepreneur is a person who has a creative and innovative vision to turn an idea into a profitable business. Therefore, when analyzing the profiles of the people above, Mary is considered to have a greater entrepreneurial profile, because in addition to being a person who thinks about creating profits or making money, she has the skills to be innovative and adapt to change, with the focus on meeting customer demands.

A successful entrepreneur needs to have the ability to adapt to a constantly changing market and consumer trends to always satisfy consumers and differentiate themselves from the competition.

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3 years ago
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Kobotan [32]

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Sanjay wants an account that will earn interest but still let him make withdrawals. <u>Interest (Dividend) Checking Accounts.</u>

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Neveah has some money she wants to save until she goes to college in two years. She wants an account that will earn a little more interest. <u>Savings Accounts.</u>

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8 0
4 years ago
Read 2 more answers
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