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asambeis [7]
3 years ago
14

Using the midpoint formula, calculate elasticity for the following change in demand.

Business
1 answer:
emmainna [20.7K]3 years ago
3 0

Answer:

-2.33

Explanation:

The computation of the price elasticity of demand using mid point formula is shown below:

= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of quantity demanded)

where,

Change in quantity demanded would be

= Q2 - Q1

= 5,000 - 2,500

= 2,500

And, average of quantity demanded would be

= (5,000 + 2,500) ÷ 2

= 3,750

Change in price would be

= P2 - P1

= $0.45 - $0.60

= -$0.15

And, average of price would be

= ($0.45 + $0.60) ÷ 2

= 0.525

So, after solving this, the price is -2.33

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Answer:

The correct option is advisor.

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Which of the following is false regarding the FIFO inventory method?
puteri [66]

Answer: All of the other answer choices are true.

Explanation:

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The following are true regarding the FIFO method:

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• Perishable goods often follow an actual physical flow that is consistent with the FIFO method assumptions.

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4 0
3 years ago
Tasty Subs acquired a delivery truck on October 1, 2021, for $22,500. The company estimates a residual value of $2,700 and a six
mixer [17]

Answer: Depreciation expense for 2021 = $825

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Explanation:

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