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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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State courts can review statutes passed by their legislatures to ensure:
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Answer:

that the statutes do not violate the state constitution or the us constitution.

Explanation:

State courts can remove laws from the bench. Think about what the supreme court does on a daily basis which is to review laws and determine if they are allowable under the constitution, think roe v wade, brown v board of education. state courts do this too. Think the recent texas abortion law. State courts have the responsibility to solve cases in a constitutional manner.

4 0
3 years ago
Takisha Jorimoto works in finance for a small microbrewery. This week Takisha is working on a budget for the next 12 months. She
larisa [96]

Answer:

to follow her heart

Explanation:

and you will follow the steps

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A home electrical system is joined to the electric company's system at the junction of the
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The Yurdone Corporation wants to set up a private cemetery business. According to the CFO, Barry M. Deep, business is "looking u
Crank

Answer:

-$414,444.44

Explanation:

The computation of the net present value is shown below:

Net present value = Initial investment + net cash flows ÷ (required rate of return - projected growth rate)

= -$1,570,000 + $104,000 ÷ (12% - 3%)

= -$1,570,000 + $1,155,555.56

= -$414,444.44

Hence, the net present value is -$414,444.44

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8 0
3 years ago
Stock R has a beta of 2.5, Stock S has a beta of 0.55, the required return on an average stock is 13%, and the risk-free rate of
avanturin [10]

Answer:

19.50%

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

For Stock R

= 3% + 2.5 × (13% - 3%)

= 3% + 2.5 × 10%

= 3% + 25%

= 28.00%

For Stock S

= 3% + 0.55 × (13% - 3%)

= 3% + 0.55 × 10%

= 3% + 5.5%

= 8.50%

The difference would be

= 28% - 8.5%

= 19.50%

3 0
3 years ago
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