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Luba_88 [7]
3 years ago
15

Suppose that the price of product x rises by 20 percent and the quantity supplied of x increases by 15 percent. The coefficient

of price elasticity of supply for good x is
Business
1 answer:
SSSSS [86.1K]3 years ago
3 0

Answer: Coefficient of elasticity of supply is 0.75.

Explanation:

Price elasticity of supply measures the responsiveness of quantity supplied to a change in the price of the good. It can be measured using the percentage point method,

e_{s} = \frac{Percentage change in Quantity supplied}{Percentage change in price}

=\frac{15}{20}

=0.75

Therefore, coefficient of elasticity of supply is 0.75. Since it is less than 1 we can infer that supply for this good is relatively inelastic.

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2 years ago
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In February 2017 the risk-free rate was 4.97 percent, the market risk premium was 7 percent, and the beta for Twitter stock was
Gnesinka [82]

Answer:

14.77%

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

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5 0
3 years ago
If a firm has a cash cycle of 30 days and an operating cycle of 64 days, what is its average payment period
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30 = 64 - APP

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5 0
3 years ago
John owes Kathleen​ $5,000. In​ January, Kathleen assigns her right to collect the money to Jennifer. In​ March, Kathleen assign
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Answer: Kathleen

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I am planning to reduce the duration of lunch break by 10 minutes. Does anyone have any objection to this policy? In the context
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Answer:

a) the leader presents ideas and invites questions.

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