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3 years ago

The economic freedom of the world measure indicates that the united states

Business

1 answer:

Nataly [62]3 years ago

5 0

Has experienced a decline in economic freedom since 2000.

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Suppose the price for an Lyft ride in Austin, TX decreases from $15 to $12 causing the quantity of rides demanded to increase fr

Inessa [10]

Answer:

Midpoint value of price elasticity of demand = -2.07

Explanation:

We know,

Midpoint value of price elasticity = $\frac{(Q_{2} - Q_{1})/[(Q_{2} + Q_{1})/2] }{(P_{2} - P_{1})/[(P_{2} + P_{1})/2] }$

Given,

Original Price, $P_{1}$ = $15

New Price, $P_{2}$ = $12

Original Quantity demanded, $Q_{1}$ = 1,000 units

New Quantity demanded, $Q_{2}$ = 1,600 units

Putting the value in the above midpoint formula, we can get

Midpoint value of price elasticity = $\frac{(1,600 - 1,000)/[(1,600 + 1,000)/2]}{(12-15)/[(12+15)/2]}$

Midpoint value of price elasticity = $\frac{600/1,300}{-3/13.5}$

Midpoint value of price elasticity = $\frac{0.46}{-0.22}$

Midpoint value of price elasticity of demand = -2.07

8 0

3 years ago

What is the main aims of forming a maize milling company

belka [17]

Answer:

to provide I

or produce mealie meal for the country and improve the country's production in food and farming.

3 0

2 years ago

Blanchard Company manufactures a single product that sells for $ 180 per unit and whose total variable costs are $ 126 per unit

Nuetrik [128]

Answer:

Part 1

<u>Income Statement at 15,600 units</u>

Sales ($ 180 x 15,600) $2,808,000

Less Variable Costs ($126 x 15,600) ($1,965,600)

Contribution $842,400

Less Fixed Costs ($842,400)

Net Income $0

Part 2

$3,278,000

Explanation:

Break even (units) = Fixed Cost ÷ Contribution per unit

= $ 842,400 ÷ ($ 180 - $126)

= 15,600 units

<u>Assume the company's fixed costs increase by $ 141.000</u>

Break even (units) = Fixed Cost ÷ Contribution per unit

= ($ 842,400 + $ 141.000) ÷ ($ 180 - $126)

= 18,212 units

Break even Revenue = 18,212 x $ 180 = $3,278,000

6 0

2 years ago

Future economic trends are not influenced by economic theories. True or false?

nikklg [1K]

That statement is false.
Economic theories will determine how companies see the market and will somehow affect the decision that they will make for the market.
This decision will influence the future economic trends because these companies usually are really forward thinkers. From this, we could draw a correlation between future economic trends and economic theories

5 0

3 years ago

Bedekar, Inc., has an issue of preferred stock outstanding that pays a $3.40 dividend every year in perpetuity. If this issue cu

Ainat [17]

Answer:

i=4.84%

Explanation:

the key to answer this question, is to remember the model of return for a perpeuity dividend calculation:

$Value=\frac{1}{i-k}$