Answer:
(I) Price elasticity = 1/6
(II) the $2.5 price gives the higher revenue: 1,250
Explanation:
(I) price elasticity
↑Q (500 - 300)/((500+ 300) / 2)
↑Q 200 / (800/2) = 200/400 = 1/2
↑P (3.5 - 2.5)/((3.5+2.5)/2)
↑P 1/(6/2) = 1/3
(II) total revenue
3.5 x 300 = 1,050
2.5 x 500 = 1,250
D.) A cooperative lending institution for a particular group.
Typically, you must be a member to participate in a credit union.
Answer:
Employees fall under a particular job category. Entrepreneurs create their own profile. Employees have to perform tasks according their respective job profiles. Irrespective of their interest, they are forced to work in an alien environment.
A.) How likely you are to pay them back
Answer:
$41,774
Explanation:
the depletion expense is calculated below
Depletion expense reffered to the charge against profits for the use of natural resources.To calculate the depletion per unit we will need to calculate the total cost less salvage value then divide it by the total number of estimated units.
The expense is calculated by multiplying the depletion per unit by the number of natural resources units consumed current period.
Original cost= $659,964
residual value = $55,169
estimated units or tons= 96,740 tons
number of tons extracted in a given year = 6,682 tons of ore.
depletion expense =?
We will need to find the difference between the residual value and the original cost first. Which is
= (Original cost - residual value) = )$659,964 - $55,169)/96,740 tons
= 6.25
(6.25* 6,682 tons )= $41774
Hence,The depletion expense =$41774
