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
Sphinxa [80]
3 years ago
14

When the price of a good is $5, the quantity demanded is 120 units per month; when the price is $7, the quantity demanded is 100

units per month. using the midpoint method, the price elasticity of demand is about
a. 1.83.
b. 2.
c. 10.
d. 0.55?

Business
1 answer:
Gre4nikov [31]3 years ago
6 0
Price elasticity can be calculated using the attached formula where:
the first term represents the % change in quantity and the second term represents the % change in price

% change in quantity = (100-120) / (220/2) = -2/11 x 100 = -18.1818%
% change in price = (7-5) / (12/2) = 33.3333%

price elasticity = 18.1818/33.3333 = 0.55

Note that the price elasticity is usually taken as an absolute value.

You might be interested in
A certain supermarket chain is only found in the southeastern regions of the United States. You would expect the supermarket to
OverLord2011 [107]

Answer:

<em>Regional advertising</em>

Explanation:

Regional advertising <em>implies sponsor-paid advertising that supplies goods or  services regionally across two or more regions</em>.

Examples might include using specific location billboards to provide some of  the simplest ways to reach local communities.

6 0
4 years ago
_____ typically includes information on the customers served, why the company exists, what the company does, the value received
max2010maxim [7]

Answer:

Mission.

Explanation:

Considering the stakeholders' perspectives is a significant step or approach to be adopted by business firms when developing a mission statement. It requires that you think about who is affected by your organization and how they might measure your success.

Generally, when the top executives or management are developing a mission statement, decisions, and goals, it is very essential and important that they ensure it is favourable to the stakeholders. Stakeholders can be defined as a group of people who have interest or shares in a business entity and are affected by the decisions of the company.

Hence, the stakeholders perspective needs to be considered at all times because they're part of the business and their actions can affect the success of the business.

Mission typically includes information on the customers served, why the company exists, what the company does, the value received by the customers, and the technology used.

7 0
3 years ago
Suppose Ruston Company had the following results related to cash flows for 2020: Net Income of $9,100,000 Adjustments from Opera
elena-s [515]

Answer:

The Net Cash Flow is $9,300,000.

Explanation:

A statement of cash flows with amounts in thousands can be created to determine the Net Cash Flow as follows:

                             Ruston Company

                       Statement of Cash Flows

                              For the Year 2020

<u>Details                                                                    $'000    </u>

Net Income                                                            9,100

Adjustments from Operating Activities            <u>    1,100  </u>

Net Cash Flow from Operating Activities         10,200

Net Cash Flow from Investing Activities           (4,300)

Net Cash Flow from Financing Activities of   <u>    3,400  </u>

Net Cash Flow                                                <u>     9,300  </u>

Since the amount is in thousands, that implies that  the Net Cash Flow is $9,300,000.

7 0
3 years ago
Managerial accounting is governed by generally accepted accounting principles (gaap). a. true b. false
diamong [38]

This is a False Statement.

Generally Accepted Accounting Principles (GAAP) need not be followed by managerial accountants when preparing management reports.

Specifically, management accounting aims to

  • provide Information for internal Organisation managers
  • providing details to governmental regulating bodies
  • Information for shareholders, the accounts payable department, and other parties outside the company
  • information to shareholders, accounts payables, and other parties outside the company, as well as information to management inside the firm.

To Learn more about Management Accounting, Click the links.

brainly.com/question/21597572

brainly.com/question/18414655

#SPJ4

3 0
2 years ago
The government might enact a price ceiling in order to accomplish what
uysha [10]
A limit of spending of the government, 
5 0
3 years ago
Read 2 more answers
Other questions:
  • Elijah is a warehouse production manager and has been assigned a complex project that might result in lengthy delays. in order t
    9·1 answer
  • ​ An advantage of a firm pursuing multiple segment specialization is that:
    8·2 answers
  • Which of the following is NOT an example of a financial market?
    6·1 answer
  • After hurricane katrina, many states reevaluated their coastal area building requirements. these new building codes represented
    9·1 answer
  • A difference between Maslow's need hierarchy and Alderfer's ERG theory is that
    12·1 answer
  • A thirty-year U.S. Treasury bond has a 4.0 percent interest rate. In contrast, a ten-year Treasury bond has an interest rate of
    10·1 answer
  • Seymour owns 3 acres of beautiful waterfront property on a large inland lake. In his will, Seymour donates the land to the state
    11·1 answer
  • A chemistry student needs of -bromobutane for an experiment. She has available of a w/w solution of -bromobutane in acetone. Cal
    14·1 answer
  • Kendall executes a separate written instrument to amend her prior will. This separate document is a:
    10·1 answer
  • How much would you be willing to pay to rent an additional oven when the order size is 1 dozen cookies?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!