1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
andreyandreev [35.5K]
4 years ago
12

Draw a graph AND calculate the price elasticity of the demand for chocolate bars if the price goes from $2 to $3, causing you to

change your weekly consumption from 8 bars per week to 5. Show all work and explain what the outcome means to a business!
Business
1 answer:
IgorC [24]4 years ago
3 0
The formula for the price elasticity is given by
e = [(Q2 - Q1) / Q1] / [(P2 - P1) / P1]
Substituting the given values
e = [(5 - 8) / 8] / [(3 - 2) / 2]
e = -0.75
The demand is inelastic since the elasticity is less than 1. The graph would be a line sloping towards the left.
You might be interested in
Please help I know its a lot I don't really have a lot of points anymore.
Genrish500 [490]

Answer:

I dont think I can do this

Explanation:

because we abel to help with slides or not.

 

8 0
3 years ago
Read 2 more answers
The value of a cash budget is that it helps you predict and supply your future cash needs.
shtirl [24]
For the answer to the question that is being asked and shown above, it is "TRUE." <span>The value of a cash budget is that it helps you predict and supply your future cash needs. This statement is true as far as the value of a cash is concerned.</span>
4 0
3 years ago
PA2.
luda_lava [24]

Answer:

Contribution margin per unit = $250

Contribution margin ratio = 55.56%

Explanation:

The computations are shown below:

Contribution margin per unit = Sale price per unit - variable cost per unit

                                                = $450 - $200

                                                = $250

Contribution margin ratio would be

= (Contribution margin per unit) ÷ (Sale price per unit) × 100

= ($250) ÷ ($450) × 100

= 55.56%

And, the contribution margin income statement for may month is presented below:

Sales (225 bikes × $450)                                 $101,250

Less: Variable cost (225 bikes × $200)          ($45,000)

Contribution margin                                        $56,250

Less: Fixed expenses per month                  ($40,000)

Net income                                                     $16,250

3 0
3 years ago
Suppose sweden produces only tablets and smartphones. The resources that are used in the production of these two goods are not s
slega [8]

Answer: Straight line PPF, Opportunity cost is constant.

Explanation:

The PPF for Sweden is downward sloping straight line which depicts that the resources that are used in the production of these two goods are not specialized and the same set of resources is equally useful in producing both smartphones and tablets. Thus, Sweden's opportunity cost of producing more smartphones and fewer tablets should remain constant.

6 0
3 years ago
Waterway Industries compiled the following financial information as of December 31, 2022: Service revenue $834000 Common stock 1
Rashid [163]

If Waterway Industries compiled the financial information as of December 31, 2022. Waterway's assets on December 31, 2022 are: $587500.

<h3>Assets</h3>

Using this formula

Assets=Equipment+Cash+Supplies+Accounts receivable

Where:

Equipment=$246000

Cash=$216000

Supplies=$33000

Accounts receivable=$92500

Let plug in the formula

Assets=$246,000 + $216,000 + $33,000 + $92,500

Assets =$587500

Therefore If Waterway Industries compiled the financial information as of December 31, 2022. Waterway's assets on December 31, 2022 are: $587500.

Learn more about assets here:brainly.com/question/11209470

#SPJ1

3 0
2 years ago
Other questions:
  • The Balance of Payment is an. System.
    8·1 answer
  • Turtle Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Sel
    12·1 answer
  • Setup Corporation buys $100,000 of sand, rock, and cement to produce ready-mix concrete. It sells 10,000 cubic yards of concrete
    13·1 answer
  • The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage
    9·1 answer
  • In february 1898, what ship exploded in havana harbor with a loss of nearly 270 lives?
    6·2 answers
  • Tool Manufacturing has an expected EBIT of $72,000 in perpetuity and a tax rate of 24 percent. The company has $128,500 in outst
    15·1 answer
  • Which of the following transactions require a TREC Seller's Disclosure Notice, to be provided?
    6·1 answer
  • The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit: Production
    11·1 answer
  • Based on this definition, indicate which of the following transactions will be included in (that is, directly increase) the GDP
    15·1 answer
  • Explain how the accounting for a fair value hedge differs for the hedged item and for the hedging item compared to the accountin
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!