Answer is A, due to food allergies, but preferences CAN come into play. Allergies come first, though, along with medical issues.
Answer:
a 10% increase in price will reduce the demand and total expenditures on good X by 5%.
Explanation:
<em>Price elasticity of demand(PED) is the degree of responsiveness of demand to a change in price.</em>
<em>Where a percentage change in price produces a more than a proportional change in quantity, we say the product is</em><em> price elastic.</em><em> On the other hand, where a change in price produces a less than a proportional change in quantity demand, then demand is </em><em>price inelastic</em>
PED is computed as follows:
PED = % change in quantity /% change in Price
So we can apply this formula to this question
0.5 = m/10
m = 0.5 × 10
m = 5.
m= 5%
From the computation above , it is deduced that a 10% increase in price will reduce the demand and total expenditures on good X by 5%.
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Sales Mix Unit Contribution Margin
Lawnmowers 20 % $32
Weed-trimmers 50 % $24
Chainsaws 30 % $45
Break-even point (units)= Total fixed costs / (weighted average selling price - weighted average variable expense)
Break-even point (units)= 4,944,500/ ( 0.20*32 + 0.5*24 + 0.30*45)
Break-even point (units)= 155,000 units
Each product:
Lawnmowers= 0.20*155,000= 31,000
Weed-trimmers= 0.50*155,000= 77,500
Chainsaws= 0.30*155,000= 46,500
Answer:
R=An*i : [1-(1+i)^-n]
R=580,000*0.0525/12 : [1-(1+0.0525/12)^-360]
R=3,202.78
Monthly payments =$ 3,202.78
Explanation:
Given
Home Cost=725,000
downpayment= 20% of 725,000
An=725,000 - 0.2 *725,000
An= 580,000
t=30 yrs
n=12 (monthly)
j=5.25% (interest rate)
--> i=j/m
i=0.0525/12
-->n=m*t
n=12*30
n=360
FInd monthly pmts ( R) =?
R=An*i : [1-(1+i)^-n]
R=580,000*0.0525/12 : [1-(1+0.0525/12)^-360]
R=3,202.78
Answer: a). Straight line method = $10,000. b). Double declining balance method = $20,000.
Explanation: Depreciation is the weat and tear of an asset over the useful life. There are several methods of depreciation. They include; straight line method, double-declining method, units of production method and so on.
Straight line method = (cost - salvage value)/ useful life
= (55000 - 5000)/5 = 50000/5
= $10,000
Double-declining balance method = straight line method × 2
= $10,000 × 2
= $20,000