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seropon [69]
3 years ago
8

Use the midpoint formula to answer this question. Suppose that as the price of Y falls from $2.00 to $1.90, the quantity of Y de

manded increases from 110 to 118. Then the price elasticity of demand is _____.
Business
1 answer:
dimaraw [331]3 years ago
3 0

Answer:

1.4

Explanation:

The computation of the price elasticity of demand using mid point formula is presented below:

= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of quantity demanded)  

where,  

Change in quantity demanded would be

= Q2 - Q1

= 118 - 110

= 8

And, average of quantity demanded would be

= (118 + 110) ÷ 2

= 114

Change in price would be

= P2 - P1

= $2.00- $1.90

= $0.10

And, average of price would be

= ($2.00 + $1.90) ÷ 2

= 1.95

So, after solving this, the price is 1.4

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Ugo [173]

Answer:

The answer is "10.5\%"

Explanation:

Following are the Cap rate:

 = \frac{(Income \times (1 - vacancy\  rate) - operating \ expense)}{\text{purchase price of property}}

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8 0
3 years ago
What types of businesses are needed to make the product and deliver it to the final consumer.
Gnesinka [82]

Answer:

Manufacturing and Merchandising businesses

Explanation:

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On the other hand, Merchandising business is a form of business that involves buying refined products at wholesale price and then sell to the final consumers.

Hence, in this case, then Greece answer is MANUFACTURING and MERCHANDIZING Business.

8 0
3 years ago
Cerina likes to make products while ensuring that accidents are kept to a minimum. Which career pathway would be the best fit fo
mr Goodwill [35]

Cerina enjoys creating items while keeping accidents to a minimum. Cerina's work path would be most suited to health, safety, and environmental assurance.

<h3>What do the health, safety, and environmental career fetch?</h3>

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In the workplace, the equipment is used safely.

Plan for safety in new manufacturing processes.

Conduct incident and hazard investigations in the areas of health, safety, and/or the environment.

Conduct incident and hazard inspections for health, safety, and/or the environment.

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For more information about HSE assurance, refer below

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8 0
2 years ago
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Sergio039 [100]

Answer:

Profit growth

Explanation:

The core responsibilities of a Chief Executive Officer(CEO) involves communicating on behalf of the company with government officials, institutions and entities, making better and responsible corporate decisions that will accelerate the growth and the development of the company and communicating on behalf of the company with its directors, boards and shareholders.

As a CEO of a Major cooperation, my initial attention will be given to the company's profit growth. I will put in place goals, objectives and strategies that would lead the company to growth in revenues and profits generation, and thus, enabling the company to expand and realize unprecedented profit growth.

3 0
3 years ago
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