1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
juin [17]
3 years ago
6

The only producer of chocolate bunnies in the world, Choco's Bunny Company, recently expanded its production capacity from 1,000

to 2,000 bunnies per day. If the price elasticity of demand for bunnies is 3.33, by how much will the company have to reduce its price to sell the additional 1,000 bunnies (by the midpoint method)
Business
1 answer:
Sophie [7]3 years ago
5 0

Answer:

19.82%

Explanation:

Midpoint method = Q2 - Q1 / [(Q2 + Q1) / 2] / P2 - P1 / [(P2+P1) / 2]

3.33 = 2000 - 1000 / [(2000 + 1000) / 2] / P2 - P1 / [(P2+P1)/2]

3.33 = 0.66 / (P2 - P1) / [(P2+P1)/2]

By cross multiplying we have

0.66 = 3.33 [ (P2 - P1) / [(P2+P1)/2]

divide both sides by 3.33

19.82% = The mid point change in price.

You might be interested in
Name and discuss some positive communication skills that workers must display in the work environment.
Mumz [18]


They must have good communication manners and be polite
8 0
3 years ago
Read 2 more answers
Which one of the following is not true concerning socializing in the workplace? <br> A. Socializing can keep you from reaching y
postnew [5]
The correct answer is D. Socializing can actually increase productivity. Although socializing outside of work can be productive for the work itself later on, socializing in the workplace can deter you from working and can ultimately be bad for the company. If you're always running around form office to office having fun and not working you're not doing your company a favor.
6 0
3 years ago
When is a bond's par value generally repaid?
mote1985 [20]
At maturity.........................
7 0
3 years ago
Read 2 more answers
The SSC Partnership balance sheet includes the following assets on December 31 of the current year:
erastovalidia [21]

The amount and character of Susan's gain or loss from the sale is $10,000 capital loss; $20,000 ordinary income.

<u>Explanation:</u>

Susan's share of unrealized receivables is $20,000 ($60,000 unrealized receivables into 1 by 3 interest). Susan will thus in the books record $20,000 of ordinary income and a $10,000 capital gain.

Susan’s share of unrealized receivable is $ 20000. Susan will recognize $20000 of ordinary income and a $10000 capital gain determined as the differnce the option shall be between the total gain of $30000 and the ordinary income of $20000. The answer from the given option is $10,000 capital loss; $20,000 ordinary income.

7 0
2 years ago
Kitty Company began operations in the current year and acquired short-term debt investments in trading securities. The year-end
kow [346]

Answer:

Explanation:

business model of the securities is to earn capital gain and are classified as through fair vlaue through profit and loss

such securities are revalued at reporting date any gain are loss is recognized in profit and loss account.

Security name               Carrying Amount      Fair value         (Gain)/Loss

Telsa Bond                          15300                        11475                 3900                

Nike Bonds                          24400                       25620               -1220

Ford Bonds                          6100                           4880                  1220

the securities will recorded at fair value in the balance sheet and their respective gain loss will be recorded in profit and loss by making these entries

Entries

Loss on revaluation of investment           3900

                     Investment in Telsa bond             3900

To record the loss on telsa investment.

Nike Investment     1220

       Gain on revaluation of investment   1220  

To record the Gain on Nike investment.

Loss on revaluation of investment           1220

                     Investment in Ford bond             1220

To record the loss on Ford investment.

8 0
3 years ago
Other questions:
  • When women and minorities hit an invisible barrier within an organization that, because of discrimination, prevents individuals
    14·2 answers
  • Fire insurance policies include deductibles:
    7·1 answer
  • Quantity demanded price quantity supplied 45 $10 77 50 8 73 56 6 68 61 4 61 67 2 57 refer to the data. suppose quantity demanded
    6·1 answer
  • Outlining reasons why the customer's concern is not right is it effective
    11·1 answer
  • (c) Which of the following statements are true? (You may select more than one answer. Single click the box with the question mar
    6·1 answer
  • Branson paid $566,700 cash for all of the outstanding common stock of Wolfpack, Inc., on January 1, 2017. On that date, the subs
    8·1 answer
  • The financial analysis component of a business plan is to describe _____.
    12·1 answer
  • Mike has saved $6,000 for a down payment on a car. He qualifies for two car loans. One has a 10% interest rate that does not req
    9·1 answer
  • Townley inc has provided the following data for the month of February. There were no beginning inventories; consequently, the di
    13·1 answer
  • Less popular open source products are not likely to attract the community of users and contributors necessary to help improve th
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!