Answer:
Cross price elasticity using midpoint method = 0.56
Step-by-step explanation:
Using the mid-point method
Cross-price Elasticity of Demand = <u>% change in Quantity demanded of UPS</u>
% change of price of FedEx
%change in Quantity demanded of UPS
using Mid-point method = <u> Q2-Q1 </u> × 100
(Q1+Q2)÷ 2
= <u>1.3-1.2 </u> × 100
(1.2+1.3)÷2
= <u>0.1 </u> × 100
1.25
= 8%
% change in price of FedEx
using midpoint method =<u> P2-P1 </u>× 100
(P1+P2)÷ 2
=<u> 75-65 </u>× 100
(65+75)÷2
=<u> 10 </u> × 100
70
= 14.28%
Cross-price Elasticity of Demand = 8% ÷ 14.28%
using midpoint method = 0.56
Answer:
3
Step-by-step explanation:
Divide 24 by 4 = 6
Divide 2 by 6 = 3
Answer:
136degrees
Step-by-step explanation:
The sum of the two angles of the parallelogram is 224 °. Calculations of parallelogram plateau angles?
Note that the sum of interior angle of a parallelogram is 360 degrees
If the sum of two angles of the parallelogram is 224 °, the remaining angle will be expressed as:
Other angles = 360-224
Other angles = 136degrees
Hence the sum of other angles of the parallelogram will be 136degrees
We have the next inequation
8-4x<56
-4x<56-8
-4x<48
-x<48/4
-x<12
x>-12
Solution: x>-12 or (-12,+∞)
Answer:
The answer is 6+3b<or equal to 15
Step-by-step explanation:
