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lidiya [134]
3 years ago
15

a. Using the starting point formula, what is the price elasticity of demand for going from a price of $160 per unit to a price o

f $140 per unit
Business
1 answer:
ki77a [65]3 years ago
8 0

Answer:

Price Elasticity of Demand is -4

Explanation:

We can see the graph and easily calculate the Q1 which is 120 units at P1 $140 and Q2 which is 80 units at P2 $160 price.

The starting point formula for calculating price elasticity of demand is given as under:

Price Elasticity of Demand = (ΔQ / Q2)  /  (ΔP / P2)

Here

ΔQ = Q1 - Q2 = 120 - 80 = 40 units

ΔP = P1  -  P2 = 140 - 160 =   - $20

By putting value in the above equation, we have:

Price Elasticity of Demand = (40 Units / 80 Units)  /  (-$20 / $160)

Price Elasticity of Demand = -4

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Its okay just 19191 + 1020
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On January 30, 2019, prior to the issuance of its financial statements for the year ended December 31, 2018, Crane declared a 10
Sati [7]

Answer:

See below.

Explanation:

Assuming an initial outstanding common shares of 100,000

100% stock dividend means that another 100,000 shares have been issued,

Total outstanding shares then are = 100,000+100,000 = 200,000

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EPS = $5.65/share

You can compute this by inputting any number of shares and increasing the total number by a 100%.

Hope that helps.

4 0
4 years ago
The Bigdrill company drills for​ oil, which it sells for​ $200 million to the Bigoil company to be made into gas. The Bigoil
kirill [66]

Answer:

The total contribution to the​ country's GDP from companies Bigdrill and​ Bigoil is $600 million.

Explanation:

GDP = market value of the goods and services

        = $600 million

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6 0
4 years ago
A total of 1000 units of a certain product must be completed by the end of the current week. It is now late Monday afternoon, so
Arturiano [62]

Answer:

7 workers will be required

Explanation:

We will define actual time required to do a job

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Total available minutes in 4 days = 4 days x 8 hours/ day x 60 minutes / day = 1920 minutes

Therefore ,

Number of units which can be produced by 1 worker in 4 days = 1920 /13.3975

Number of units to be produced = 1000 units

Therefore,

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8 0
3 years ago
In calculating depreciation: a.Double declining balance is a method of straight-line depreciation. b.MACRS depreciation requires
Marianna [84]

Answer:

The correct answer is letter "D": Straight-line depreciation is higher than double-declining-balance depreciation in the later years.

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With the straight-line approach, depreciation is distributed equally during the life cycle of an asset. While using the double-declining-balance approach, a higher amount of depreciation is allocated during the first years while the asset is highly used and the depreciation reduces as long as the life of the asset ends.

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8 0
4 years ago
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