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Svetllana [295]
3 years ago
10

Suppose the price of a bag of jelly beans rises from $1.60 to $2.00, with the result that sales of jelly beans falls from 120 ba

gs to 80 bags a day. Using the midpoint method, what is the elasticity of demand for jelly beans?
Business
1 answer:
andrey2020 [161]3 years ago
5 0

Answer:

The elasticity of demand for jelly beans is 1.80

Explanation:

The elasticity of demand is the principle of economic which is defined as the measure that extent the consumer response to the changes in the quantity demanded as a consequence of price change and being others factors are equal.

Computing the elasticity of demand for jelly beans as:

Elasticity of demand = Price Change / Quantity Change

where

Price Change is as:

Price = $1.60 + $2.00

= $3.60

Quantity change is as:

Quantity = 120 + 80

= 200

So,

Elasticity of demand = $3.60 / 200 × 100

Elasticity of demand = 1.80

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Pluralistic organizations believe in having a diverse employee population and actually strive to achieve that. A multicultural organization values diversity within their employees but does not have diverse group of people working for them. Although pluralistic organizations believe and strive to have diverse employees, they are not the best at being trained and knowing how to address the cultural differences. 
7 0
3 years ago
George is going shopping for a new car to replace his old one. Which of these costs would be
uranmaximum [27]

The cost that would relevant in the choice of a new car is the the cost to operate the new vehicles.

<h3>What cost would be relevant?</h3>

The cost that would be relevant in the choice of a new car is the cost that is dependent on the type of car chosen. The cost to operate the new car would depend on the type of car chosen. If George buys a more fuel efficient car, the cost of running the car would be cheaper.

To learn more about cost, please check: brainly.com/question/27127934

4 0
2 years ago
Under a periodic inventory system: ______.a. the current inventory available for sale is always known. b. the merchandise invent
cupoosta [38]

Answer:

C) the merchandise inventory balance reflects the ending inventory.

Explanation:

When a company uses the periodic inventory system, inventory records are updated only at the end of each accounting period. The periodic inventory system records cost of goods sold (COGS) at the end of the accounting period after the inventory records have been updated.

6 0
3 years ago
Sophie, the CFO of Slolum Ski Supplies, received a watch from one of her company's largest vendors, Colorado Ski Shoppe. She rec
Sveta_85 [38]

Answer:

c. Whether the gift was reasonable in the circumstances.

Explanation:AICPA(American institute of certified public accountants) is a body who is saddled with the responsibility of ensuring ethics in the public accounting profession. AICPA is present in most parts of the world, it guides and ensures that its members perform their accounting functions with the most ethical standards,in order to preserve the integrity of the certified public accountants,the AICPA has certain code of professional conduct which helps to streamline the functions its members all over the world.

4 0
3 years ago
You have $ 10 comma 000 to invest. You decide to invest $ 20 comma 000 in Google and short sell $ 10 comma 000 worth of​ Yahoo!
Naddik [55]

Answer:

expected return is 18%

volatility of the​ portfolio 13.23 %

Explanation:

Your Investment: $ 10,000

Invest $ 20,000 in Google, Google's expected return is 15 %

Sell $ 10,000 worth of​ Yahoo! Yahoo! Yahoo!'s expected return is 12 %

=> The weight of your portfolio is 2 for the Google stock, and -1 for the Yahoo stock.  The negative sign for the Yahoo stock indicates a short position in the stock. The expected return is the weighted average of the returns on the two stocks:

  • 2 * 15% + (-1) * 12% = 18%

The volatility of the portfolio is:

\sqrt{2^{2}*0.15^{2} + -1^{2}*0.25^{2} +2*2*(-1)*0.9*0.15*0.25 } = 13.23 %

5 0
4 years ago
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