<span>0.75
The midpoint method is to calculate the percentage as the change in value divided by the average (or midpoint) of the new and old values. So the price of the sandwich changed from $5 to $7. Using the midpoint formula, you get
(7-5)/((7+5)/2) = 2/(12/2) = 2/6 = 0.3333 = +33.3%
The change in sandwiches due to the change in price is
(90-70)/((90+70)/2) = 20/(160/2) = 20/80 = 0.25 = +25%
The elasticity of supply will be the percentage change in demand divided by the percentage change in price. So
25/33.3 = 0.75
So the coefficient of elasticity is 0.75</span>
The estimation of the marginal propensity to consume should be 2 ÷3
The computation of the estimation of the marginal propensity to consume is shown below:
But before that the multiplier should be
= Total demand for goods & services ÷ government spending
= $42 billion ÷ $14 billion
= 3
Now as we know that
Multiplier = 1 ÷ (1 - MPC)
3 = 1 ÷ (1 - MPC)
1 - MPC = 1 ÷ 3
MPC = 1 - 1 ÷3
= 2 ÷ 3
Therefore we can conclude that The estimation of the marginal propensity to consume should be 2 ÷3
Learn more about the multiplier here: brainly.com/question/490794
Option D
Employers can't fire an entire union because of the difficulty of replacing every worker best explains reason for unions give workers more power in contract negotiations
<h3><u>
Explanation:</u></h3>
One of the numerous significant advantages of getting collectively with your co-workers to create a union is obtaining the accuracy and protection of a union contract. A union contract is a printed contract among the employer and the employees that describes the phases and advantages in a sinless and legally-binding way.
The ability to be capable to recommend policy reforms or raise problems with a company as a whole preferably of just practicing them alone to a manager. A contract is not deemed to be in force till the membership has voted to approve it.
Answer: Microeconomics is the study of changes in price in the price of commercial real estate.
Explanation:
Microeconomics is the study of the behavior of individuals, households and firms in making decisions and the allocation of resources. Microeconomics deals with individual issues and applies to the markets of products. In microeconomics, the economy is studied at an individual level. Examples of microeconomics are demand, price level, supply and competition.
Apart from Microeconomics is the study of changes in price in the price of commercial real estate(option A), every other options deals with the economy as a whole. The other options are macroeconomic issues and not microeconomic issues.
Answer:
Variable Overhead Rate Variance - $55 favorable
Variable Overhead Efficiency Variance - $275 favorable
Over applied efficiency variance - $330 favorable
Explanation:
The computations are shown below:
Variable Overhead Rate Variance = Actual Hours × (Actual Rate - Standard variable overhead Rate)
= 1,100 hours × ($2.70 - 2.75)
= $55 favorable
Variable Overhead Efficiency Variance = Standard variable overhead Rate × (Actual Hours - Standard Hours)
= $2.75 × (1,100 hours - 1 × 1,200)
= $275 favorable
So, the over-applied variable overhead would be
= $55 favorable + $275 favorable
= $330 favorable