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
Anarel [89]
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.

Business
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
How does understanding science help you become an informed consumer?
KengaRu [80]
Because when you are asking somebody, you need to be informed about the object and most objects involve science. 

hope this helped :)
6 0
3 years ago
uction Services started the year with total assets of and total liabilities of . The revenues and the expenses for the year amou
VARVARA [1.3K]

Answer: $20,000

Explanation:

Net Income is the amount from revenue that the company made over expenses. It is therefore;

= Revenue - Expenses

= 110,000 - 90,000

= $20,000

<em>Note: Dividends are not considered in the calculation of Net Income as they are not expenses. </em>

8 0
3 years ago
You operate a car detailing business with a fixed amount of machinery​ (capital), but you have recently altered the number of wo
NemiM [27]

Answer:

1.5 cars

Explanation:

Three employees can produce a total of:

= 4 × 3

= 12 cars in an hour.

Five employees can produce a total of:

= 3 × 5

= 15 cars in an hour

So, the increase in total product of labor as I increase the labor from 3 to 5 employees:

= Total product when 5 employees are hired - Total products when 3 employees are hired

= 15 - 12

= 3 cars.

So, the marginal product of moving from 3 to 5 workers:

= 3 ÷ 2

= 1.5 cars

3 0
3 years ago
What item can a consumer expect to find in a retail store
Annette [7]
It would be "Meat to cook for dinner at home" that a consumer expect to find in a retail store since retail stores market to individuals and families, not large-scale projects. 
5 0
3 years ago
Read 2 more answers
A variant of fiscal-year budgeting whereby a 12-month projection into the future is maintained at all times is termed _____ budg
katrin [286]

A variant of fiscal-year budgeting whereby a 12-month projection into the future is maintained at all times is termed Continuous budgeting.

<h3>What is Continuous Budgeting?</h3>
  • Budgets are created for future periods, revised throughout current periods, and adjusted at the conclusion of the term. This process is known as continuous budgeting.
  • In other words, it's the practice of maintaining active, current, and future budgets to monitor costs and project growth in the future.
  • The majority of businesses create their budgets on a monthly, quarterly, or annual basis, however many businesses now create weekly budgets to monitor sales and shipments.
  • In the current era, these plans are utilized to establish financial and performance goals and benchmarks for the future.
  • Following the conclusion of the current period, the budgeting process is restarted by developing a new plan for the following accounting period.

To learn more about Continuous Budgeting refer to:

brainly.com/question/14300218

#SPJ4

6 0
1 year ago
Other questions:
  • What is a<br> purpose of drawing up budgets in a business
    12·1 answer
  • The function of interest is to make lending money worthwhile and profitable for the __________.
    13·2 answers
  • James deposits $900.00 in a savings account at Wachovia Bank. The account pays an annual
    11·2 answers
  • Which of the following is an example of upward communication in an organization? a. Three administrative assistants meet to disc
    15·1 answer
  • *
    12·1 answer
  • Hakara Company has been using direct labor costs as the basis for assigning overhead to its many products. Under this allocation
    13·1 answer
  • Consider each of the transactions below. All of the expenditures were made in cash.
    7·1 answer
  • Matching Question Match the following activities to their effect on the general ledger accounts. Allocate indirect labor Allocat
    9·1 answer
  • Iris, a calendar year cash basis taxpayer, owns and operates several TV rental outlets in Florida, and wants to expand to other
    14·1 answer
  • Which career is best described by someone who buys materials, products, and services for an organization?
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!