The complete question with diagram is attached
Answer:
($3.00, 420 lbs) and ($2.10, 510 lbs)
Explanation:
A shift in demand occurs when the quantity of a product consumers wants changes at all price levels.
A shift to the right indicates an increase in quantity demanded at all prices, while a shift to the left indicates a reduction in quantity demanded at all prices.
In the given scenario there is a shift in demand to the right with increase in 20 lbs of onions.
So at every price level there will be an increase in quantity demanded by 20 lbs.
According to the diagram at price $3 quantity initially demanded was 400 lbs. With the demand shift it will now be 400 + 20 = 420 lbs.
At price $2.10 demand was initially 490 lbs now it will be 490 + 20 = 510 lbs
Answer:
this would cause total costs to Increase and the break-even quantity to Increase.
Explanation:
Total Cost is the Sum of All Manufacturing and Non-Manufacturing Cost of a product.
Advertising expense before adjustments are at $500. The cost of advertising does not vary with the sales quantities therefore this is a fixed cost.
Therefore an Increase in the advertising expense causes an increase in Total cost figure.
Break even quantity is a function of Fixed Costs divided by Contribution per unit.The break even quantity will definitely change. By increasing the fixed costs (<em>Advertising Expense</em>), the Break even quantity will increase.
Answer:
The correct answer is letter "A": True.
Explanation:
The dissolution is the first of two steps in the termination of a partnership. It is followed by the "wind up" process where the firm ends to do business. The longer two or more companies hold a partnership, the worse the damages after the dissolution since at latter stages the firms tend to be more engaged in benefits and responsibilities.
I think black toilets would be cool and a 2020 trend and if not hopefully in 2021
Answer:
The price elasticity of demand is -3.7
Explanation:
Price Elasticity of demand measure the responsiveness of demand against the change in price of the product.
Simple percentage method calculate the price elasticity by taking ratio of percentage change in Demand to percentage change in price of the product.
Percentage change in Demand = ( Revised demand - Initial demand ) / Initial demand
Percentage change in Demand = ( 182 riders - 472 riders ) / 472 riders = -0.6144 = -61.44%
Percentage change in Price = ( Revised Price - Initial Price ) / Initial Price
Percentage change in Price = ( $0.78 - $0.67 ) / $0.67 = 0.1642 = 16.42%
Price Elasticity = Percentage change in Demand / Percentage change in price
Price Elasticity = -61.44% / 16.42% = -3.74 = -3.7
