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Ksivusya [100]
3 years ago
9

Jess owns a sandwich shop. the price of a sandwich recently increased from​ $5 to​ $7. jess responded by increasing the quantity

of sandwiches she supplied from 70 to 90 per day. using the midpoint​ method, jess's price elasticity of supply is equal to
Business
1 answer:
PSYCHO15rus [73]3 years ago
6 0
<span>0.75 The midpoint method is to calculate the percentage as the change in value divided by the average (or midpoint) of the new and old values. So the price of the sandwich changed from $5 to $7. Using the midpoint formula, you get (7-5)/((7+5)/2) = 2/(12/2) = 2/6 = 0.3333 = +33.3% The change in sandwiches due to the change in price is (90-70)/((90+70)/2) = 20/(160/2) = 20/80 = 0.25 = +25% The elasticity of supply will be the percentage change in demand divided by the percentage change in price. So 25/33.3 = 0.75 So the coefficient of elasticity is 0.75</span>
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A plant is proposing to install a combined heat and power system to supply electrical power and process steam. Power is currentl
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Answer:

Cumulative net present value of the project is:

= $33.5 million.

The discounted cash flow rate of return is:

= 26%

Explanation:

a) Data and Calculations:

The capital cost of the combined heat and power system = $23 million

Expected net savings per year = $10 million

Project period = 10 years

Discount rate = 12%

Annuity PV factor for 10 years at 12% = 5.650

Total PV of the cash flows = $56.5 million (5.650 * $10 million)

NPV of the project = $33.5 million

Annualized NPV = $33.5 million/5.650

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Discounted cash flow rate of return = Annualized NPV/Investment * 100

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6 0
2 years ago
Read 2 more answers
If the economy starts below full employment, an expansionary fiscal policy will shift the aggregate demand curve from _____ to _
MrRissso [65]

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<h3>What is the below full employment?</h3>

Its means when an the short-run real gross domestic product is lower than that same long-run potential real gross domestic product.

Hence, the economic situation will elicit a policy of expansionary fiscal which will affect the aggregate demand graph.

Therefore, the aggregate demand curve from <u>AD0</u> to <u>AD1</u> and equilibrium will move from point <u>a</u> to <u>b</u> if the economy starts below full employment.

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2 years ago
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Utilized in quality assurance, acceptance sampling is a statistical method for measuring the reliability of a product or service. It enables a business to ascertain a batch's quality by randomly sampling from it. The standard of quality for the whole set of products will be assumed to be equal to that of the selected sample.

It is impossible for a corporation to constantly test every single one of its goods. It's possible there are too many to inspect efficiently or cheaply. Extensive testing could also compromise the product's quality or render it unmarketable. If a representative sample were tested, the results would be accurate without jeopardizing the rest of the production run.

Acceptance sampling is a method of quality control in which a representative sample of a product batch is tested and its quality is inferred from the results. Acceptance sampling is useful for quality control when implemented properly.

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