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4 years ago

Hello fellow Scholars, this is my question down below

Business

1 answer:

zhuklara [117]4 years ago

5 0

Answer:

Price elasticity of demand for good X is 1.57.

Explanation:

Price elasticity shows the percentage change in quantities purchased when price changes for a single unit. If we use midpoint formula, where:

Price elasticity of demand = percent change in quantity/ percent change in price

Percent change in quantity = Q 2 - Q 1 /(Q 2 + Q 1) / 2 * 100

Percent change in quantity = -100/350 * 100 = - 28.57

Percent change in price = P 2 - P 1/ (P 2 + P 1)/2 * 100

Percent change in price = 10/55 * 100 = 18.18

Price elasticity of demand = -1.57, but in absolute values this elasticity is 1.57.

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The management of California Corporation is considering the purchase of a new machine costing $400,000. The company's desired ra

Julli [10]

Answer:

c. 1.14

Explanation:

Year Cash Flow PV Factor 10% PV of Cash flows

($) ($)

Year 1 180,000 0.909 163,620

Year 2 120,000 0.826 99,120

Year 3 100,000 0.751 75,100

Year 4 90,000 0.683 61,470

Year 5 90,000 0.621 55,890

Total = 455,200

Initial cash outflow = $400,000

Cash inflow = $455,200

So, we can calculate the present value index by using following formula,

Present value index = Cash inflow ÷ Cash outflow

= $455,200 ÷ $400,000

= 1.14

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