Answer:
22.28%
Explanation:
As per the pie chart
Variable costs: £2,150.00
Fixed costs £7,500.00
Total weekly costs = variable costs + fixed costs
= £2,150.00 +£7,500.00
=£9,650
Variable costs as a percentage of weekly costs
= £2,150/£9,650 x 100
=22.279792%
=22.28%
When price increases by 5%, quantity supplied increases by 4%.
<h3>What is the change in the quantity supplied?
</h3>
Price elasticity of supply measures the responsiveness of quantity supplied to changes in price of the good. There is a positive relationship between price and quantity supplied
Price elasticity of supply = percentage change in quantity supplied / percentage change in price
0.80 = percentage change in quantity supplied / 5%
percentage change in quantity supplied = 5% x 0.80 = 4%
To learn more about the price elasticity of supply, please check: brainly.com/question/13017816
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Answer:
the domestic price of sugar will increase to $125.
Explanation:
Since the world price of sugar is higher than the domestic price, domestic producers of sugar will export their products in order to earn a higher profit. That will eventually lead to an increase in the equilibrium price from $100 (former equilibrium price) to a higher price equal to the world price ($125).
Answer:
Acknowledge the team for their effort.
Explanation:
By acknowledging the effort of the team that worked on the shampoo, the members of the team are encouraged and motivate, knowing that their efforts are accepted. After so doing, Logan can now tell the team about the dismal results which isn't supposed to have happened and the motivation earlier would have let the team members open to innovation.
Cheers.
Answer:
2.78
Explanation:
Calculation for the payback period of the automation
Using this formula
Payback period = Automation cost/ Amount to saved annually
Let plug in the formula
Payback period =$225,000/$81,000
Payback period =2.78
Therefore the payback period of the automation will be 2.78
