When price increases by 10 percent, the quantity supplied increases by nine percent.
<h3>What is the percentage increase in the quantity supplied?</h3>
Price elasticity of supply measures the responsiveness of quantity supplied to changes in price of the good. Price and quantity supplied have a positive relationship.
If the value of the price elasticity of supply is less than one, it means that supply in inelastic. Supply is inelastic if a small change in price has little or no effect on quantity supplied.
Price elasticity of supply = percentage change in quantity supplied / percentage change in price
percentage change in quantity supplied = percentage change in price X price elasticity of supply
0.9 x 10 = 9%
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In the forbes article, kotlikoff explains that saving and investing decisions should be guided by strategies that maximize expected utility.
Saving can mean a variety of things to various people. Some believe that it requires making a bank deposit. Investing in stocks or making contributions to a retirement plan are some more definitions. Conversely, according to economists, saving is the act of using less of a specific amount of resources today in order to consume more later. So, the choice to delay consumption and put that delayed consumption in an asset is what is meant by saving.
Saving is either deferred consumption or revenue that is not spent. Putting money aside in various accounts, such as a savings account, a pension account, an investment fund, or in cash, counts as a saving strategy. In order to save, expenses like recurrent charges must be reduced.
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Answer:
The company's net operating income is $48,900.
Explanation:
The company's net operating income is $48,900. It is calculated by taking sum of the contribution margin of Beta division and Alpha division less sum of traceable fixed cost and common fixed cost.
Working is made in the MS Excel file which is attached with this answer please find that.
Answer:
12.75 times
Explanation:
The formula and the computation are shown below:
Price-earnings ratio = (Market price per share) ÷ (Earning per share)
where,
Earning per share would be
= (Net income) ÷ (Outstanding Number of shares)
= ($237,510) ÷ (52,200 shares)
= $4.55
And, the market price per share is $58
Now put these values to the above formula
So, the ratio would equal to
= $58 ÷ 4.55
= 12.75 times
Answer:
<em>Initial Assets Valuation</em>
- Building A = $800,000
- Building B = $500,000
- Land = $700,000
Explanation:
According to the Independent Appraisal, the total value of the buildings and the land would be;
= 840,000 + 525,000 + 735,000
= <em>$2,100,000</em>
<em />
The initial valuation of the Assets therefore will be their weights according to the independent appraisal multiplied by the purchase price.
Building A
=
= $800,000
Building B
=
= $500,000
Land
=
= $700,000