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malfutka [58]
3 years ago
14

Suppose Hamilton decides that if the price of their blenders is $32, the quantity demanded will be 1,000 units, and if the price

is $35, the quantity demanded will be 800. The price elasticity of demand for the good is approximately:_______
a. +0.41.
b. -0.44.
c. +0.34.
d. -0.34
e. +2.44.
Business
1 answer:
valentinak56 [21]3 years ago
4 0

Answer:

-2.47

Explanation:

Given that,

Initial quantity demanded = 1,000 units

Initial price = $32

New quantity demanded = 800

New price = $35

Here, we are using mid point method,

Average price:

= (Initial price + New price) ÷ 2

= ($32 + $35) ÷ 2

= $33.5

Average quantity demanded:

= (Initial quantity demanded + New quantity demanded) ÷ 2

= (1,000 + 800) ÷ 2

= 900

Change in price:

= (New price - Initial price) ÷ Average price

= ($35 - $32) ÷ $33.5

= 0.08955

Change in quantity demanded:

= (New quantity demanded - Initial quantity demanded) ÷ Average quantity demanded

= (800 - 1,000) ÷ 900

= -0.2222

Therefore, the price elasticity of demand is as follows:

= Change in quantity demanded ÷ Change in price

= 0.2222 ÷ 0.0896

= -2.47

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A company had the following items and amounts in its unadjusted trial balance as of December 31 of the current year: (3 points)
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Answer:

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Less: Provision already made   <u>$1,000</u>

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Date       Particulars                                                      Debit     Credit

31-Dec    Bad Debts                                                    $5,080

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4 0
3 years ago
Emy is at dinner with her group of friends when one of them pulls out a new pen that not only writes but takes pictures. It also
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Answer:

Late Majority.

Explanation:

The adoption of a product by consumers is divided into five categories, namely, <u>innovators, early adopters, early majority, late majority, and laggards</u>. Such customers are known as adopters who adopt to new technology differently. The category of adopters was proposed by Everett Rogers in 1962.

In the given scenario, Emy exemplifies Late majority adopter.

Late Majority adopters are those adopters who adopts new innovation or technology after observing that the product has been adopted fruitfully by the majority of society. They rank on the second last position of the adopters. They are more skeptical to the product before adopting it. So, Emy fits the late majority category of adopters as she is skeptical about the fancy device shown by her friend.

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Which of the following is something that is marketed?
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All of the above are marketed
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A five-year project has a projected net cash flow of $15,000, $25,000, $30,000, $20,000, and $15,000 in the next five years. It
riadik2000 [5.3K]

The value of Net present value is $12,895.45.

Given that

initial investment = $50,000

1st-year cash flow = $15,000

2nd-year cash flow =$ 25,000

3rd-year cash flow =$ 30,000

4th-year cash flow = $20,000

5th-year cash flow = $15,000

rate = 20%

using formula

NPV = \frac{R}{({1+i})^t}

NPV = \frac{15000}{({1+0.20})^5}\\NPV = 12895.45

<h3>What is Net Present value?</h3>
  • The current value of a future stream of payments from a business, project, or investment is determined using net present value, or NPV.
  • You must predict the timing and size of future cash flows in order to determine NPV, and you must choose a discount rate that is equal to the least allowable rate of return.
  • Your cost of capital or the rewards offered by substitute investments with comparable risk may be reflected in the discount rate.
  • Positive NPV indicates that the rate of return on a project or investment will be higher than the discount rate.
  • to learn more about Net present value with the given link

brainly.com/question/14293955

#SPJ4

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