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leonid [27]
4 years ago
5

Consider the following demand schedule for bags. Price Quantity ​$99 5252 ​$1111 4848 ​$1313 4040 When the price of bags rises f

rom ​$99 to ​$1111​, the price elasticity of demand is approximately nothing. ​(Calculate using the midpoint​ formula, round your answer to one decimal​ place, and enter a​ "-" if your answer is​ negative.)
Business
1 answer:
omeli [17]4 years ago
4 0

Answer:

PED= "0.1"

Explanation:

The price elasticity of demand indicates how the quantity demanded changes when the price changes. Is defined by this equation:

Price Elasticity of Demand(PED)= Percentage change in Q (Δ%Q)/ Percentage change in P (Δ%P) .

To fine the percentage change in Q and in P we use the midpoint formula:

Δ%Q= q2-q1/(q2+q1/2)

Δ%Q= 4848-5252/(5252+4848/2)

Δ%Q= -404/5050

Δ%Q= -0.08

Δ%P= p2-p1/(p2+p1/2)

Δ%P= 1111-99/(1111+99/2)

Δ%P= 1012/605

Δ%P= 1,672

PED=-0.08/1,672

PED= -0.047

Rounded to one decimal place:

PED= "0.1"

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Answer:

The firm's accounts receivable period is 23.25 days

Explanation:

Accounts receivable period = 365 / Account receivable turnover ratio

When Account receivable turnover ratio = Net sales / Account receivables

Account receivable turnover ratio = 118,280 * 365 days/ 2,750,000

Account receivable turnover ratio = 15.698

Hence, Account receivable period = 365 / 15.698

Account receivable period = 23.25 days

3 0
3 years ago
Lionel works for an energy company interested in drilling for oil off the coast of a small island. The representative for the lo
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Rochelle:

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3 years ago
What is outstanding credit card debt?​
joja [24]

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6 0
3 years ago
Widget Corp. produced $10 billion worth of goods in the year 2016. If the company had 50 million hours of work in 2016, the prod
FromTheMoon [43]

Answer:

The productivity of the company is $200 per work hour.

Explanation:

Productivity can be measured as the ratio of total output to a single input.

Total output in this case would be value of goods produced, which is 10*10^9 dollars.

Single input in this case would be labour measured in hours of work, which is 50*10^6 hr

Productivity of labor would be: 10*10^9 / (50*10^6) = 0.2*10^3 = $200/hr

7 0
3 years ago
An investor can design a risky portfolio based on two stocks, A and B. Stock A has an expected return of 11% and a standard devi
OlgaM077 [116]

Answer:

A. 0%

Explanation:

The expected rate of return of A = 11%

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The formula used to solve for the required answer is in the attachment.

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3 years ago
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