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leonid [27]
3 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]3 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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natita [175]

Answer:

Now, if takes 0.765 USD to be equal 1 AUD. when the dollar increases, it will take fewer dollars to equal 1 AUD. for instance, it takes 0.5 dollars per 1 AUD. The conversion will change to:5,000 AUD * (0.5 USD/AUD)

5,000 * 0.5

= $2,500

so, her AUD will be worth more now.

Explanation:

Solution

Given that:

Her present  $5,000 AUD is worth $3,825 USD.

Then

5,000 AUD * (0.765 USD/AUD)

5,000 * 0.765

= $3,825

So,

If the USD dollar increases against the AUD, then, the ratio will reduce.

For example, it takes 0.765 USD to be equal 1 AUD. when the dollar increases, it will take fewer dollars to equal 1 AUD. for instance, it takes 0.5 dollars per 1 AUD. The conversion will change to:

5,000 AUD * (0.5 USD/AUD)

5,000 * 0.5

= $2,500

Therefore, her AUD will be worth more now.

6 0
3 years ago
Creative Sound Systems sold investments, land, and its own common stock for $39 million, $15.9 million, and $41.8 million, respe
Mnenie [13.5K]

Answer:

Creative Sound Systems should report  $15,9 million as net cash flows from financing activities.

Explanation:

Consider only items relating to financing activities.

Cash flow from  financing activities

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8 0
3 years ago
Read 2 more answers
What is Company XYZ's intrinsic equity value using the WACC as the discount rate and assuming the terminal value is based on the
const2013 [10]

Answer:

$315,198

Explanation:

WACC = [ Equity / Total value ] * cost of equity + [ Debt / Total value ] * Cost of debt.

WACC = 11.5%

Exit multiple = Total cash outflow / Total cash inflow

Exit multiple = $120,000 / 36,000 = 3.3x

EBITDA of the company is $178,412.

5 0
3 years ago
Sweet Treats sells ice cream cones for​ $4.25 per customer. Variable costs are​ $1.25 per cone. Fixed costs are​ $3,300 per mont
ziro4ka [17]

Answer:

Company's contribution margin​ ratio is <u>70.59%</u>

3 0
3 years ago
Curzon International is a hospitality chain that has a wide range of hotels and motels. The company provides luxurious and outst
Mariana [72]

Answer: Altruism

             

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Hence from the above we can conclude that the correct option is D.

7 0
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