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juin [17]
3 years ago
7

f the price of a slice of pizza rises from $2.50 to $3, and quantity demanded falls from 10,000 slices to 7,400 slices, calculat

e the arc price elasticity.
Business
1 answer:
Schach [20]3 years ago
7 0

Answer:

arc price elasticity = -1.64

Explanation:

arc price elasticity = (change in quantity x average price) / (change in price x average quantity)

  • change in quantity = 7,400 - 10,000 = -2,600 units
  • average price = ($2.50 + $3) / 2 = $2.75
  • change in price = $3 - $2.50 = $0.50
  • average quantity = (10,000 + 7,400) / 2 = 8,700 units

arc price elasticity = (-2,600 x $2.75) / ($0.50 x 8,700) = -7,150 / 4,350 = -1.64

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Answer: Please check in the explanation column for answer

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Which best describes the benefits of renting a home?
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Glaston Company manufactures a single product using a JIT inventory system. The production budget indicates that the number of u
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Answer:

$ 317,000

Explanation:

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<u>Factory Overhead Budget for Octobe</u>r:      

   

Octuber Production x Variable Overhead =    <em>200,000 x 0.80 =  160,000</em>      

           

Variable Overhead:  <em>$ 160,000</em>

+  

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3 years ago
Choose the preferred sentence from each pair and justify your choice. a. (1) Lindsay's request to telecommute was denied, but sh
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Answer:

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The second choice would be the most preferred as it conveys the idea in a formal and precise manner. <u>The complex sentence beginning with the subordinate clause already hints the listener that the key message is yet to come. It helps him/her in understanding the intended message without any confusion</u>. The first sentence fails to create that specificity as it connects two independent ideas which remove the listener's focus from the main idea i.e. 'she will begin a flextime schedule in two weeks.' Thus, option (2) adopts the correct format and sentence structure to deliver the message effectively, efficiently, and precisely.

4 0
3 years ago
Union members earn_____________________ than non-union members, even after adjusting for factors such as_____________________. a
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Union members earn "about 20% more" than non-union members, even after adjusting for factors such as "years of work experience and education level.".

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Labour union members can bargain with employers about pay, benefits, workplace health and safety, job training, and other work-related problems from a position of power through their union.

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To know more about the roles of labour union, here

brainly.com/question/15167596

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