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aleksklad [387]
3 years ago
8

Measuring the price of gasoline in dollars per quart, an economist calculates the price elasticity of demand to be 1. What would

the price elasticity of demand be if the economist had chosen to measure the price in dollars per gallon?
Business
1 answer:
mezya [45]3 years ago
5 0

Answer:

the same

Explanation:

it doesn't matter what was the original price elasticity of demand that the economist calculated in the first place, but if he/she changes the metrics, it wouldn't change the answer at all.

Price elasticity of demand measures the percentage change in the quantity demanded of the product over the percentage change in the price of the product.

The percentage change is measured in %, not in dollars, gallons, quarts, pints, tons, inches, etc.

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3. Assume you can earn 9% per year on your investments. a. If you invest $100,000 for retirement at age 30, how much will you ha
Crank

Answer:

Results are below.

Explanation:

Giving the following information:

Interest rate= 9%

<u>To calculate the future value, we need to use the following formula:</u>

FV= PV*(1+i)^n

a)

PV= $100,000

n= 35

i= 0.09

FV= 100,000*(1.09^35)

FV= $2,041,396.79

b)

PV= $100,000

n= 25

i= 0.09

FV= 100,000*(1.09^25)

FV= $862,308.07

There is a big difference between investing at 30 than at 40. It is due to the compounding interest of the first 10 years.

6 0
3 years ago
A(n) _____ allows you to create a wireless connection among your smart devices.
aleksandr82 [10.1K]
The answer that would best complete the given statement above would be option B. HOME NETWORK. A home network allows you to create a wireless connection among your smart devices. This is also known as HAN and this <span>facilitates communication among devices within the close vicinity of a </span>home<span>. Hope this helps.</span>
8 0
4 years ago
Read 2 more answers
All of Gaylord Company's sales are on account. Thirty-five percent of the credit sales are collected in the month of sale, 45% i
Airida [17]

Answer: d. $51,000

Explanation:

In March the following will be collected as per the method of collection for Gaylord Company.

1. 35% of sales in March

2. 45% of sales in February

3. 100% - 35% - 45% = 20% of sales in January.

= (35% * 40,000) + (45% * 60,000) + (20% * 50,000)

= 14,000 + 27,000 + 10,000

= $51,000

I have attached the missing part of the question.

6 0
4 years ago
If a balance exists in the temporary moh account at the end of the​ period, it can be ignored for purposes of preparing the​ com
Volgvan

The statement "If a balance exists in the temporary MOH account at the end of the​ period, it can be ignored for purposes of preparing the​ company’s financial statements" is False.

The manufacturing overhead (MOH) price is the sum of all the oblique expenses which can be incurred while producing a product. Its miles brought to the value of the very last product alongside the direct cloth and direct labor prices.

Manufacturing overhead is a cost listed below the cost of income, in this case, referred to as the price of products synthetic. It's far something of a trap-all term for the expenses needed to run the facilities to manufacture the business's products intended on the market.

Examples of MOH

  • Electricity or gas is utilized in a manufacturing facility.
  • Different utilities, inclusive of water and trash provider.
  • Unexpected repairs.
  • Supervisors or managers within the factory.
  • Depreciation of a construction's value.
  • Rent and assets taxes.
  • Equipment depreciation.

Learn more about manufacturing overhead here brainly.com/question/13312583

#SPJ4

8 0
2 years ago
The manager of the Beach Division of Treat Time is evaluating the acquisition of a new mobile ice cream server. The budgeted ope
Savatey [412]

Answer:

ROI = 10.5%

Explanation:

The  ROI of a Division is the portion of then operating assets that is earned by  as operating income  by it. The higher the better.

Net operating assets = 28,600,000 - 600,000 = 28,000,000

ROI = Income/ Net operating assets × 100

ROI = 2,940,000/28,000,000  × 100

      = 10.5%

5 0
4 years ago
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