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
Temka [501]
3 years ago
5

Suppose the price elasticity of supply for soccer balls is 0.3 in the short run and 1.2 in the long run. If an increase in the d

emand for soccer balls causes the price of soccer balls to increase by 20%, then the quantity supplied of soccer balls will increase by about:________.
Business
1 answer:
blagie [28]3 years ago
4 0

Answer:

  • 6% in the short run
  • 24% in the long run

Explanation:

In the short run, the effect of a 20% increase in the price of soccer balls will result in a ⇒ 0.3 x 20% = 6% increase in the quantity supplied.

In the long run, the effect of a 20% increase in the price of soccer balls will result in a ⇒ 1.2 x 20% = 24% increase in the quantity supplied.

You might be interested in
Suppose that today you buy a bond with an annual coupon rate of 10 percent for $1,120. The bond has 17 years to maturity. What r
andre [41]

Answer:

8.63%

Explanation:

The expected rate of return on the bond can be determined using a financial calculator bearing in mind that the calculator would be set to its end date before making the following inputs:

N=17(number of annual coupons in 17 years)

PMT=100(annual coupon=face value*coupon rate=$1000*10%=$100)

PV=-1120(the current price is $1,120)

FV=1000(the face value of the bon is $1000)

CPT

I/Y=8.63%

EXCEL APPROACH:

=rate(nper,pmt,-pv,fv)

nper=N=17

=rate(17,100,-1120,1000)

rate=8.63%

4 0
2 years ago
Changes that can increase measured total factor productivity include:
dedylja [7]

Answer:

The correct answer is letter "A": increased expenditures on education.

Explanation:

Total Factor Productivity (<em>TFP</em>) measures the total production of a region by dividing the total amount of output by the weighted average of inputs such as labor and capital. It represents growth in real output as a result of changes in labor and capital. Under such a scenario, <em>changes in the expenditures for education would change the total factor of production since it has a direct impact on labor quality. The higher the expenses in education, the higher the quality of labor.</em>

7 0
3 years ago
A 65-year old widow that is in a low tax bracket and that has a low risk tolerance wishes to make an investment that will provid
sasho [114]

Answer:

Bank Certificate of Deposit (CD)

Explanation:

For the 65-year old widow in this scenario, the best recommendation would be a Bank Certificate of Deposit (CD). A traditional Bank CD is a time-bound deposit, in which you enter into an agreement to let the bank use your money for a fixed period of time, and in return, the bank pays you a higher interest rate than it would for a traditional savings account. Thus providing a good income with very low risk.

4 0
3 years ago
What is gross pay?
ZanzabumX [31]
The answer is salary before taxes
7 0
2 years ago
Why do some people have a problem with their credit cards?
9966 [12]
Either because they filled it to the limit and haven't paid it off or it's swipe not chip. Also if you're in a different state than where you registered the card you have to call your bank and let them know your out of state
7 0
3 years ago
Read 2 more answers
Other questions:
  • 1 Select the correct answer. Steven is an HR manager in a large company. After several interview rounds, he has selected a candi
    6·1 answer
  • Naomi is planning to get a job after graduating from college. Which explains why she should establish a positive credit history?
    8·1 answer
  • When Walmart threatens to punish or punishes the other channel member for not undertaking certain tasks, such as if it were to d
    9·1 answer
  • Unlike in the case of constant costs, increasing-cost conditions correspond to a ________________ production possibilities front
    14·1 answer
  • Christy works for a magazine publishing company. When pressed to meet a deadline, every employee is expected to work together to
    7·2 answers
  • Cullumber Corporation purchased a machine on January 2, 2020, for $4100000. The machine has an estimated 5-year life with no sal
    14·2 answers
  • he newspaper reported last week that Bennington Enterprises earned $34.03 million this year. The report also stated that the fir
    5·1 answer
  • One of the goals of Reaganomics was to encourage private investment through tax cuts for businesses and the wealthy encourage pr
    12·2 answers
  • What is the value of a stock which has a current dividend (D0) of $1.50, and is growing at the rate of 7%
    7·1 answer
  • In 2017, almost ________ of americans only used a mobile device to access the internet.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!