Answer: The price increase is about 6.17 percent.
Explanation:
The price elasticity of supply (PES) is the elasticity of the quantity supplied of a product to its price change. Price elasticity of supply is the ratio of the percentage change in the quantity supplied of a good or service to the percentage change in price.
The Price Elasticity of Supply is positive as a result of the law of supply that states that there's a direct relationship between the quantity supplied and price i.e. a price increase leads to an increase in quantity supplied and vice versa.
To solve the question,
PES = 0.6
% change in quantity supplied = 3.7
% change in price = Unknown
Let percentage change in price be denoted by b.
PES = % change in quantity demanded / % change in price
0.6 = 3.7 / b
Cross multiplying,
b = 3.7 / 0.6
b = 6.17
Recall that b is the percentage change on price.
Therefore, the percentage change in price is 6.17.
The answer is real GDP.
Real GDP per hour worked increases at a decreasing rate. A measure of a country's gross domestic product that has been adjusted for inflation is called Real GDP.
What is GDP?
- GDP provides an economic snapshot of a country, used to estimate the size of an economy and growth rate.
- The monetary value of all finished goods and services made within a country during a specific time is known as GDP.
- GDP can be calculated in three methods using production, expenditures, or incomes. It can be adjusted for inflation and population to provider deeper insights.
- Real GDP takes account the effects of inflation while nominal GDP does not. GDP is a prominent tool to guide policymakers, investors and business in strategic decision making.
To learn more about GDP
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This statement is false. A work station is a space planned for a specific set of tasks.
Answer:
The correct answer is A. make sure the client will receive reinforcement in the natural environment.
Explanation:
It is probable that in the process of requesting food there will be no problems, however the work of the BCBA consists of analyzing all possible scenarios in order to think of alternatives that allow solving problems that may arise. The natural environment is always changing, for this reason the client must have the necessary tools to face this type of situation.
Answer:
For maximum profit, we'll take tomato.
Explanation:
Total = 110 Acres
Toamto Lettuce carrots
Fertilize 5 4 2
Labour 4Hr/W 2Hr/W 2Hr/W
Fertilize 5x+4x+2X=440 it means, x=40.
5(40); 4(40) : 2(40)
Labour 4x+2x+2x= 550 it means, x=68.75
4(68.75); 2(68.75); 2(68.75);
Profit 3000 1400 400
Expenses 475 297.5 217.5
Differemce of profit 2525 1102.5 232.5
Hence tomatos are best profitable.
