1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alecsey [184]
3 years ago
8

At a price of $3.50 per loaf, a bakery is willing to supply 450 loaves of bread per week. At a price of $4.00 per loaf, the bake

ry is willing to supply 550 loaves per week. Using the midpoint method, the price elasticity of supply is about... (round answer to 2 decimal places)
Business
1 answer:
Marat540 [252]3 years ago
3 0

Answer:

Price elasticity of supply is 1.5

Explanation:

Given:

Price (P₀) = $3.50

Quantity (Q₀) = 450

New price (P₁) = $4.00

New quantity (Q₁) = 550

Price elasticity of supply = ?

Computation of price elasticity of supply using midpoint method:

Price\ elasticity\ of\ supply =\frac{\frac{Q1-Q0}{\frac{Q1+Q0}{2} } }{\frac{P1-P0}{\frac{P1+P0}{2} } }

Price\ elasticity\ of\ supply =\frac{\frac{550-450}{\frac{550+450}{2} } }{\frac{4-3.5}{\frac{4+3.5}{2} } }

Price\ elasticity\ of\ supply =\frac{\frac{100}{500} }{\frac{0.50}{3.75} }\\\\Price\ elasticity\ of\ supply = 1.5

You might be interested in
DRM is a collection of techniques that control uses of intellectual property in digital formats and includes hardware and softwa
jolli1 [7]

Answer:

Option b: Digital Rights Management

Explanation:

Digital Rights Management (DRM) are simply set of technologies that powers or control the access and use of digital works. Usually, the technology is in form of some sort of digital code. It is the application of control technologies to reduce digital media usage.

4 0
2 years ago
A city government is considering raising the local income tax to pay for improvements to government facilities. a private citize
soldi70 [24.7K]

The results of the survey will most likely suffer from wording bias.

Wording bias:

Wording bias, also called question-wording bias or “leading on the reader” (Gerver & Sgroi, 2017) happens in a survey when the wording of a question systematically influences the responses (Hinders, 2019).

Is wording bias a type of response bias?

Wording bias can come into effect here as well

This type of bias influences the entire gamut of responses from individual or multiple participants.

For instance, if the researcher knows the participant personally, even greeting them in a friendly manner can have a subconscious effect on the responses.

Learn more about this here:

brainly.com/question/28178415

#SPJ4

 

4 0
1 year ago
Read 2 more answers
Ibram Corporation had 200,000 shares of $1 par value common stock outstanding. If Ibram announces a 4-for-1 stock split, the par
LenaWriter [7]

Answer:

Post split Shares: 800,000

Post split par value: $0.25

Explanation:

Stock split seeks to increase the number of shares available for trading on the exchange thus increasing the liquidity. Stock split of 4 for 1 increases the shares by 4 times e.g. every holder of 1 share will receive total of 4 new shares. Thus the shares will increase to 4 times: (200,000 * 4) = 800,000.

Post split share price is calculated by dividing par value to the proposed split.

($1 / 4) = $0.25 per share.

3 0
3 years ago
What hardware temporarily stores information when software is being used? system bus, ROM, HDMI, or RAM
timurjin [86]
RAM or Random Access Memory stores memory while you have software up, for example a video game stores your progress temporarily using RAM until it stores it in your computers hard drive.
6 0
3 years ago
Read 2 more answers
Terry traveled to a neighboring state to investigate the purchase of two hardware stores. His expenses included travel, legal, a
malfutka [58]

Answer: See explanation

Explanation:

a. Terry was in the hardware store business and did not acquire the two hardware stores.

The amount that Terry will deduct in 2020 will be $52000 which is the deduction for all expenses.

b. Terry was in the hardware store business and acquired the two hardware stores and began operating them on October 1, 2020.

In this case, he'll also deduct $52000 which is the deduction for all expenses.

c. Terry did not acquire the two hardware stores and was not in the hardware store business.

None of his expenses will be deducted. The amount it be deducted is 0.

5 0
2 years ago
Other questions:
  • PLEASE ANSWER WITH 100% THE CORRECT ANSWER ASAP IF YOU DON'T KNOW THE ANSWER THEN DON'T ANSWER
    10·2 answers
  • What is overdraft protection (ODP)?
    12·1 answer
  • In 2017 Wilkinson Company had net credit sales of $2250000. On January 1, 2017, Allowance for Doubtful Accounts had a credit bal
    8·1 answer
  • The type of credit card you want to pay in full on time every time is...
    12·2 answers
  • Automated bidding does the heavy lifting for advertisers on Google Ads. What does automated bidding use to set the right bid for
    13·1 answer
  • A project has a net present value of zero. Which one of the following best describes this project?The project has a zero percent
    5·1 answer
  • Summit Systems has an equity cost of capital of 11.0 %​, will pay a dividend of ​$1.50 in one​ year, and its dividends had been
    12·1 answer
  • Which of the following statements does not correctly describe an adjustment to net income when determining cash flows from opera
    8·1 answer
  • What is one of the most important responsibilities of the dental office business assistant?
    13·1 answer
  • a company that reports a significant negative cash flow from investing activities due to the purchase of a building will most li
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!