Answer:
E_s = 0.9
It's inelastic
Explanation:
Formula for elasticity of supply is;
E_s = % change in quantity supplied/% change in price
The percentage will cancel out so, we are left with;
E_s = change in quantity supplied/ change in price
Change in quantity supplied = (200 - 100)/((200 + 100)/2) = 3/5
Price for 100 buckets = 100 × 80 =$8000
Price for 200 buckets = 200 × 80 = $16000
Change in price = (16000 - 8000)/((8000 + 16000)/2) = 2/3
Thus:
E_s = (3/5) ÷ (2/3)
E_s = 0.9
Now, this price elasticity supply value is less than 1. Thus, it can be categorized as being inelastic.
Answer:
C. [-1, 0, 1]
Explanation:
Required: Which list do not return the intended result
From the question, we understand that the procedure will return true for a list that contains all positive.
Using this as a point of reference, option (D) will return true because 1, 2 and 3 are all positive numbers.
Similarly, options (a) and (b) will return false because they do not contain positive numbers
Lastly, option (c) will not return the required result because it contains positive and negative numbers
<em>Hence, option (c) answers the question.</em>
Answer:
1)it's $12.09
2) it's 8.48
but if you want the total of both of them it is $20.47
