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jeyben [28]
3 years ago
15

If price increases from $45 to $55, the market quantity supplied increases from 20 units per week to 30 units per week. The pric

e elasticity of supply is _____
Business
1 answer:
hichkok12 [17]3 years ago
4 0

Answer:

The answer is 2.25

Explanation:

Price Elasticity of Supply (PES)= percentage change in Quantity demanded/ percentage change in price

PES= (30-20)/20 *100) /( 55-45)/45*100) = 50%/22.22% = 2.25

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After posting the journal entries to the ledger, what is the balance of the Cash account?
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3 years ago
An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2017 I
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Answer:

<u>cost of goods manufactured schedule</u>

Raw Materials ($9,180 + $55,020 - $17,480)          $46,720

Direct Labor                                                               $51,740

Manufacturing overheads :

indirect labor                                                               $6,510

factory insurance                                                       $4,700

machinery depreciation                                            $4,380

machinery repairs                                                       $1,990

factory utilities                                                            $3,740

miscellaneous factory costs                                       $1,980

Add Opening Work In Process                                 $5,670

Less Closing Work In Process                                  ($7,610)

Cost of goods manufactured                                 $119,800

Explanation:

Cost of goods manufactured schedule shows a summary of results (cost) obtained  from manufacturing activity during the production period.

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3 years ago
Basic characteristic of free market system
Fittoniya [83]
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3 years ago
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Why long hair on men fell out after the medieval times?
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