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gladu [14]
3 years ago
9

Suppose a shortage in materials results in decrease in the supply of golf balls in the United States of 5%. If the elasticity of

demand of golf balls sold in the US is -0.8, the new equilibrium price will be
Business
1 answer:
snow_lady [41]3 years ago
5 0

Answer:

price elasticity of supply (PES) = % change in quantity supplied / % change in price

  • PES = -0.8
  • % change in quantity supplied = -5%

-5% = -0.8 / % change in price

% change in price = -0.8 / -5% = 16%

we are not given the initial price of the golf balls and I looked for similar questions but couldn't find any. But assuming that the initial price is $1, then the new price = $1 x (1 + 16%) = $1.16. If the initial price was $2, then new price = $2 x (1 + 16%) = $2.32. And son on.

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Fixed Overhead Spending and Volume Variances, Columnar and Formula Approaches
shutvik [7]

Answer:

Fixed Overheads Spending Variance = $5,000 Unfavorable(U).

Fixed Overheads Spending Variance = $20,000  Favorable (F).

Explanation:

Fixed Overheads Spending Variance = Actual Fixed Overheads  - Budgeted Fixed Overheads

                                                              = $305,000 -  $300,000

                                                              = $5,000 Unfavorable(U).

Fixed Overheads Spending Variance = Fixed Overheads at Actual Production  - Budgeted Fixed Overheads

                                                              = ($5.00 × 64,000) - $300,000

                                                              = $320,000 - $300,000

                                                              = $20,000  Favorable (F)

3 0
3 years ago
In a centralized organization, policies and procedures are usually _____.
dlinn [17]
<span>Mandated by the authority figures in said organization. Even if the policies and procedures seem to be lacking in the wisdom department, the policies and procedures need to be followed to the best of ones abilities as laid out by said authority figures.</span>
4 0
3 years ago
Steadigen Company sells two generators long dash Model A and Model Blong dashfor $ 432 per unit and $ 410 per unit, respectively
ch4aika [34]

Answer:

False

Explanation:

Contribution margin per unit = Sales -  variable cost

Contribution margin per unit (Model A) = $432 - $404

Contribution margin per unit (Model A) = $28 per unit

Contribution margin per unit (Model B) = $410 - $304

Contribution margin per unit (Model B) = $106 per unit

False, Contribution margin per unit (Model B) is higher so,  motivated to push sales of Model A will be false.

Break-even in units = Fixed cost / Contribution margin per unit

Break-even in units (Model A) =  Fixed cost / $28

Break-even in units (Model B) =  Fixed cost / $106

6 0
2 years ago
Indicate how much money will be paid to the creditor associated with each debt.
riadik2000 [5.3K]
There is not enough information to have a significant answer
3 0
3 years ago
In the context of human resource management challenges, which of the following statements is true of women workers?A) Many profe
Nataly_w [17]

Answer: A) Many professional women step out of the workforce early to start their own companies.

Explanation:

There are several human resource management challenges such as compliance with organization rules and laws, adaptation to innovation, recruitment challenges etc.

In the context of human resource management challenges, the most likely true option is that many professional women step out of the workforce early to start their own companies. Unlike their male counterparts who can stay for a very long time, the reverse is usually the case with women.

5 0
2 years ago
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