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weqwewe [10]
2 years ago
10

Suppose the price of a bag of frozen chicken nuggets decreases from $6.50 to $5.75 and, as a result, the quantity of bags demand

ed increases from 600 to 800. Using the midpoint method, the price elasticity of demand for frozen chicken nuggets in the given price range is
Business
1 answer:
insens350 [35]2 years ago
6 0

Answer:

17

Explanation:

I believe this, but I don't really know. Sorry.

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Stubbs Company uses the perpetual inventory method. On January 1, Year 1, Stubbs purchased 400 units of inventory that cost $8.0
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Answer:

A. USD 5,180/-

Explanation:

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Formula:

  • Gross margin is equal to Sales minus COGS

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Suppose a society begins by producing 3 units of X and 4 units of Y and then alters production to 4 units of X and 4 units of Y.
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Answer:

This situation means that resources were not being efficiently used.

If society managed to produce 1 more unit of X with the same resources and technology, this means that some resources were idle in the past, which causes inefficiency.

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