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gavmur [86]
3 years ago
8

Suppose when the price of a cookie is $2.50, the quantity demanded is 50, and when the price is $1, the quantity demanded is 200

. Using the midpoint method, the price elasticity of demand is:
Business
1 answer:
Readme [11.4K]3 years ago
4 0

Answer:

The price elasticity of demand is -1.40

Explanation:

E = [Q2-Q1/(Q2+Q1/2)]/[P2-P1/(P2+P1/2)]

  = [200-50/(200+50/2)] / [1-2.5/(1+2.5/2)]

  = [150/125]/[1.5/1.75]

  = 1.2/0.8571

  = -1.4 0

the price elasticity of demand is -1.40

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A company manufactures and sells a product for $124 per unit. The company's fixed costs are $72,760, and its variable costs are
exis [7]

Answer:

The break even point in units is 2,425.33.

Explanation:

The break even point is how many units you have to sell to pay the fixed costs. The selling price per unit is 124 and the cost per unit is 94. The contribution margin is 124-94 = 30. This means that per every unit you sell, you have $30 for paying the fixed costs. So, the total units for paying all the fixed costs are 72,760/30 = 2,425.33.

8 0
3 years ago
how would you predict the survivorship curve of a developed country would compare to that of a developing country
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Answer:

The survivorship curve of a developed country would show a higher percentage of people surviving to each each group than in a developing country.

This is because in developing country life expectancy is lower than in developed countries.

The reason is that developing countries have less economic resources to invest in health systems, and also because in developing countries, many more people are poorer, and poorer people are more likely to suffer from disease.

4 0
3 years ago
Ted begins the month with a checking account balance of $1,400. He
Tcecarenko [31]

Answer:

$1,486.29

Explanation:

To calculate Ted's account balance at the end of the month:

First, deduct the checks:

1400 - 350.45 - 200.01 - 11.53 - 68.10 - 177.37 = 592.54

Now, add the deposits:

592.54 + 450 + 450 = 1,492.54

The bank charges him a $0.25 fee for every check. He wrote five checks, so his fee is:

0.25 * 5 = 1.25

Deduct the fee from his account:

1,492.54 - 1.25 = 1,491.29

Finally, deduct the monthly account fee:

1,491.29 - 5 = 1,486.29

The first option is the correct option.

Hope this helps :)

3 0
3 years ago
Which of the following is a disadvantage of assembly lines
butalik [34]
The correct option is C.
The assembly line is a manufacturing process in which parts are added as the semi finished assembly as they move from workstation to workstation. The parts are added in sequence until all the parts are added. This type of production method is not suitable for production of small batches of products. 
6 0
3 years ago
Read 2 more answers
Please Help soon
Dafna11 [192]

The money multiplier can be used as an expansionary and also an expansionary tool by a given government.

<h3>What is an expansionary tool?</h3>

As an expansionary tool, the money multiplier may be used to increase the amount of money supply that is in an economy. This would cause the interest rates to be low so that people would not have much benefits from saving their money.

<h3>As a contractionary tool</h3>

The money multiplier can be used to reduce the amount of money that is in circulation in a given economy. This would make people want to save more money in the bank because the interest rate is going to be raised.

Read more on the money multiplier here: brainly.com/question/13923879

#SPJ1

5 0
2 years ago
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