Answer:
1.86 and elastic
Explanation:
The computation of the price elasticity of supply using the mid point method is shown below:
= (change in quantity supplied ÷ average of quantity supplied) ÷ (percentage change in price ÷ average of price)
where,
Change in quantity supplied is
= Q2 - Q1
= 10 - 4
= 6
And, average of quantity supplied is
= (10 + 4) ÷ 2
= 7
Change in price would be
= P2 - P1
= $40 - $25
= $15
And, average of price would be
= ($40 + $25) ÷ 2
= 32.5
So, after solving this, the price elasticity of supply is 1.86
Since the price elasticity is more than one so it is a elastic
<span>When we talk about the CSPI we are talking about the inflation and changing prices. Then as the price of calculators rose, fewer students decided to buy calculators, opting instead to use the free calculators in their cell phones.</span>
Answer:
$1,330,102.50
Explanation:
first unit produced by lambda took 5,000 hours to produce and required $250,000 worth of material, equipment usage, and supplies
the second unit took 3,250 hours and used $187,500 worth of materials, equipment usage, and supplies
learning rate = time needed to produce second unit / time needed to produce first unit = 3,250 hours / 5,000 hours = 65%
materials and equipment usage rate = $187,500 / $250,000 = 75%
using the attached table of cumulative values, we can determine the cumulative improvement factors needed to solve this question:
Lambda's accumulated cost for producing 10 more computers
-
work hours = 3,250 x 4.341 (65% and 10 units) x $20 per hour = $282,165
- materials and equipment = $187,500 x 5.589 (75% and 10 units) = $1,047,937.50
- total = $282,165 + $1,047,937.50 = $1,330,102.50
Judiciary is the judicial authorities of a country; judges collectively.
Executive is the person or branch of a government responsible for putting policies or laws into effect.
Answer and Explanation:
The journal entries are shown below;
a. Interest receivable Dr ($12,000 × 7% × 30 days ÷ 360 days) $70
To Interest revenue $70
(Being the interest revenue is recorded)
For recording this we debited the interest receivable as it increased the asset and credited the interest revenue as it also increased the revenue
b. Cash Dr $12,105
To interest receivable $70
To interest revenue ($12,000 × 7% × 15 days ÷ 360 days) $35
To Note receivable $12,000
(being cash received is recorded)
For recording this we debited the cash as it increased the assets and credited the interest receivable, interest revenue and note receivable as it decreased the asset and increased the revenue
