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andreyandreev [35.5K]
3 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]3 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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4 0
3 years ago
"Prepare the issuer's journal entry for each of the following separate transactions.
Charra [1.4K]

Answer:

Dr cash        $303,500

Cr common stock                                      $133,500

Cr paid in capital in excess of par value $170,000

Second issue of shares:

Dr cash       $74,000

Cr common stock  $74,000

Explanation:

The cash received from the issuance of 44,500 at $3 par value is $303,500 which is to debited to cash and credited to common stock for$133,500 ($3*44,500) while the balance of $170,000  ($303,500-$133,500) is credited to paid in capital in excess par value account.

On the issuance of no par value common stock for cash of $74,000,the cash account is debited as usual with $74,000 while the common stock account is credited with same amount.

3 0
3 years ago
Ashley received a scholarship to be used as follows:___________tuition $6,000; room and board $9,000; and books and laboratory s
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Answer:

A) True THE CORRECT ANSWER

Explanation:

3 0
3 years ago
initially, only a and b are present, each at 2.00 m. what is the final concentration of a once equilibrium is reached?
nataly862011 [7]
 <span>The "REVERSIBLE" chemical reaction- 
A + B <--> C + D 
Kc = [C][D] / [A][B] = 6.8 
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[A] = 2.00 M --> (2.00 - X) M 
[B] = 2.00 M --> (2.00 - X) M 
[C] = 0.00 M --> X M 
[D] = 0.00 M --> X M 
6.8 = X^2 / (2.00 - X)^2 
take the square root of both sides- 
2.6077 = X / (2.00 - X) 
5.2154 - 2.6077 X = X 
5.2154 = 3.6077 X 
X = 1.4456 
at equilibrium- 
[A] = 0.55 M 
[B] = 0.55 M 
[C] = 1.45 M 
[D] = 1.45 M</span>
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3 years ago
What is windfall income?*
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The answer in my opinion will be B
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