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Westkost [7]
3 years ago
10

Danny "Dimes" Donahue is a neighborhood’s 9-year-old entrepreneur. His most recent venture is selling homemade brownies that he

bakes himself. At a price of $1.75 each, he sells 250. At a price of $1.25 each, he sells 300. Instructions: Use the midpoint method and round your answer to 2 decimal places. Do not include a minus sign. a. What is the elasticity of demand
Business
1 answer:
Olenka [21]3 years ago
7 0

Answer:

The elasticy of demand is 0.54 so it is inelastic

Explanation:

The midpoint method use the average percentage change in both quantity and price.

The fromula is ((Q2-Q1)/((Q2+Q1)/2))/((P2-P1)/((P2+P1)/2))

Q is quantity and P is price

((300-250)/((300+250)/2))/((1.25-1.75)/((1.25+1.75)/2))=0.54

The demand is inelastic, that means that the porcentage in the increase in quantity is minor than the percentage in the reduction of the price. So total revenues decrease.

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our individuals form a business and create a contract to divide the profits equally among the four. Gary invests $11,000, Neil i
Sedbober [7]

Answer:

$800

Explanation:

The computation is shown below:

First we have to determine the total amount invested that is shown below:

= $11,000 + $4,000 + $5,000 + $8,000

= $28,000

And, the profit is $5,600

So, the percentage is

= $5,600 ÷ $28,000

= 0.2

Now the Gary share is

= $11,000 × 0.2

= $2,200

And, each share in profit

= $5,600 ÷ 4

= $1,400

Now the final amount is

= $2,200 - $1,400

= $800

6 0
3 years ago
Do all states pay the same unemployment compensation and for the same length of time?
kondaur [170]

Answer:

Explanation:

Ultimately, the onus is on the state government to balance the checkbook, so the state has to decide the benefits maximum amount, duration, and eligibility to receive the benefits. For this reason, you notice that unemployment benefits largely vary by state. Some states like Massachusetts could pay as high as $1,220 depending on the eligibility criteria.

4 0
2 years ago
Aemeli works in the manufacturing career cluster. where does she probably work? check all that apply. plant workshop factory ret
nordsb [41]

Amelia works in the manufacturing career cluster. She probably works in a plant workshop or factory

What is manufacturing career cluster?

To turn raw resources into finished goods, the Manufacturing cluster combines a passion for engineering, design, and technology with planning and organizational abilities.

What is considered a manufacturing worker?

Jobs in manufacturing are ones that start with components or raw materials and end with creating new products. You can find these occupations in a factory, plant, or mill. As long as goods rather than services are produced, they can also exist inside a house.

What are the positive impacts of manufacturing?

The timetable can be optimized by the program to lower errors and inefficiencies and produce products of higher quality. Cost savings over the long term are made possible by technology, which operates with greater efficiency, less waste, and fewer workers.

Learn more about career cluster: brainly.com/question/15225914

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8 0
2 years ago
Anticipatory and response-based business models are the two ways used by firms to fulfill customer requirements. However, keepin
SashulF [63]

Anticipatory business model is the business type where everything is pre-defined and Response based business model is the one which have reduced the forecasting by joint planning.

<h3>What are types of business models?</h3>

There are various kinds of business model, which business performs these days, it also depends upon the range of customers the business is dealing with. Some of the hem are-

  •    Bundling model. ...
  •    Freemium model. ...
  •    Razor blades model. ...
  •    Product to service model. ...
  •    Crowdsourcing model. ...
  •    One-for-one model. ...
  •   Franchise model. ...
  •    Distribution model.

Thus, both the business model concentrate on different things.

For more details about types of business models, click here:

brainly.com/question/11230747

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5 0
2 years ago
The architects of the bretton woods agreement built limited flexibility into the fixed exchange rate system in order to:
Katena32 [7]
To correct avoid high unemployment, one of the measures done by the architects of Bretton woods is to agree on building a limited flexibility into the fixed exchange rate system. In addition, it was stated in the argument that the rules and regulations of the monetary management between the U.S., Canada, Western Europe, Australia, and Japan must be systematically established.
7 0
3 years ago
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