Ask question

Ask question

All categories

3 years ago

12

Suppose that the price of a money clip increases from $0.75 to $0.90 and quantity supplied rises from 8,000 units to 10,000 unit

s. Use the midpoint formula to calculate the price elasticity of supply.

1 answer:

Sloan [31]3 years ago

8 0

Answer:

The price elasticity of supply is 1.22

Explanation:

Please refer to the attached file

You might be interested in

Which of the following statements are true? (plato)

Butoxors [25]

Which of the following statements are true? (plato)

A. Economic stability means fair distribution of goods in an economy.

B. Full employment is a macroeconomic goal.

C. Inflation is a fall in the prices of goods and services.

D. Inflation is a rise in the prices of goods and services.

E. Microeconomics studies the economy as a whole.

The bold choices are the true statements from this question. C in incorrect because D. is correct, inflation is defined as the rise in prices and goods and services. These goods and services inflat as the economy rises.

E. Is incorrect because microeconomics does not study the economy as a whole, rather, it studies single factors and the effects of indvidual decisions.

Full employment is a macrocroeconomic goal because it studies large-scale or general economic factors vs smaller (micro/microeconomic) factors.

4 0

3 years ago

Read 2 more answers

What is transformational leadership? Give examples of organizational situations that would call for transformation, transactiona

gulaghasi [49]

Answer:

In Transformational leadership the leaders works to motivate and engage the followers by directing their behavior toward a shared vision.

Explanation:

An example of Transformational leadership would be when a new Company is formed and employees are motivated to work towards a common long term objective or when an established Company enters into a new Line of Business or launches a new Product.

In Transactional leadership the leader’s focus is on the role of supervision, organization, and collective performance of a group. They are concerned about the status quo and day-to-day progress toward goals. The transactional model is likely to be successful in a crisis situation or in projects that require linear and specific processes. This model is also useful for managing big Portfolios in Banks or Asset management Companies.

In Charismatic leadership the leader works on encouraging particular behaviors in others by way of eloquent communication, persuasion and force of personality. Such leaders motivate their followers to get things done or improve the way certain things are done. An example of Transformational leadership would be when a new Company is planning to expand and Takeover a new Company in the same Line of Business or when and Organization tries to achieve the best in the Industry award. This is the situation when power of speech and communication is required to persuade and motivate the people working in the Organization.

8 0

4 years ago

ACTUAL EXPLANATIONS ONLY PLEASE // You project revenue to start at $5,000 for the first month and grow by $200 each month therea

adelina 88 [10]

Answer:

13.33

Explanation:

We have to write 2 equations to set equal to each other.

The first one will look like this:

200x + 5,000

The x will go with the 200 because the project revenue grows by $200 each month thereafter the start of $5,000.

The second equation will look like this:

50x + 7,000

The project begins at $7,000 and grows by $50 every month so the x will go with the 50.

Now, set them equal to each other

200x + 5,000 = 50x + 7,000

Solve

150x + 5,000 = 7,000

150x = 2,000

x = 13.333

Therefore, in the thirteenth month the project will breakeven.

<em>Hope this helps!!</em>

<em>- Kay :)</em>

4 0

3 years ago

In 2011, the imaginary nation of Maconia had a population of 8,200 and real GDP of 210,500.

vazorg [7]

Answer:

C. 226,416

Explanation:

Firstly, we find the GDP per person for 2011.

Next, we calculate the 5% GDP per person increase in 2012

Finally, we calculate for GDP in 2012 using available data gotten

So,

Given that

In 2011,

Real GDP = 210,500

Population = 8200

GDP per person for 2011 = 210,500 ÷ 8200

= 25.67 approximately.

In 2012, there was a 5% growth in GDP per person, therefore,

GDP person 5% increase in 2012 = (5÷100) × 25.6707317073

= 0.05 × 25.6707317073

= 1.2835365854

2012 GDP per person = 25.6707317073 + 1.2835

= 26.9542682927

Or

5% increase of 25.6707317073 = 25.6707317073 × 1.05 = 26.9542682927

So, to get the GDP in 2012,

GDP = GDP per person × population

Where GDP per person = 26.9542682927

Population = 8400

Thus,

Real GDP = 26.9542682927 × 8400

= 226,415.8

Approximately = 226,416 to the nearest dollar.

6 0

3 years ago

Singapore Airlines is recognized as an industry leader for exemplary customer service, and has continued to add new ways to serv

andreev551 [17]

Answer: (A) Customer

Explanation:

The customer excellence is the process of fulfill all the requirement of the products based on the products and the services in an organization.

The main aim of the customer excellence is that it makes the consumer more satisfied by providing an effective services as they always focus on the actual needs of the customers with loyalty.

According to the given question, the Singapore airlines is basically focused on the various types of competitive advantages by using the customer excellence in an organization.

Therefore, Option (A) is correct.

7 0

3 years ago