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
otez555 [7]
3 years ago
9

In a local​ market, the monthly price of internet access service decreases from ​$40 to ​$30​, and the total quantity of monthly

accounts across all internet access providers increases from 80 comma 000 to 180 comma 000. what is the value price elasticity of​ demand, expressed as a positive​ number?
Business
1 answer:
deff fn [24]3 years ago
5 0

The answer is : The demand is elastic.

Elasticity =

[(80,000 - 180,000)/((80,000+180,000)/2)]/[($40 - $30)/(($40 + $30)/2)]|

[(-100,000/130,000)]/[(10/55)] = -.7692/.1818= -4.23

The answer is -4.23, however when considering own price elasticity of demand, we ignore the negative sign and look at the absolute value to determine whether it is elastic or inelastic.

You might be interested in
A Chinese company exchanges yuan (Chinese currency) for dollars. It uses these dollars to purchase scrap metal from a U.S. compa
DanielleElmas [232]

Answer:

d. decrease, and U.S. net capital outflow increases.

Explanation:

Yuan is the currency of the country China and the currency of United States of America is dollar. Every country in the world does imports of some goods to meet the demands of the country and exports some items to the other countries that is produced in abundance in the parent country. In this way, countries earn huge capital by doing importing and exporting.

In the context, China will buy scrap metal from United States, thus China is importing a good from U.S. So China will have more of import. Hence China net export will decrease. While U.S. is selling goods to China in exchange of dollar and earning capital. So, net capital outflow of the United States will increase.

7 0
2 years ago
What is it called when a company determines how much of a product to create.
Yanka [14]

Answer:

- Forecasting

Explanation:

Forecasting is a technique used by businesses to determine how much of a good to produce.  Companies rely heavily on past sales volumes to forecast future productions.  Apart from past sales, firms also consider trends in the industry and the countries economic status.

Forecasting is also known as projecting as it involves a rational way of predicting future productions.

7 0
2 years ago
Last month, Vern’s Assembly Department had a unit materials cost of $4.00 and a unit conversion cost of $5.00. The department tr
Mamont248 [21]

Answer:

The total cost of the department’s ending work in process inventory is $684,000

Explanation:

The computation of the total cost is shown below:

= Material cost + conversion cost

where,

Material cost = (Transferred units + ending work in progress) × material cost per unit

= (68,000 units + 12,000 units) × $4

= $320,000

Conversion  cost = (Transferred units + ending work in progress × percentage of completion) × material cost per unit

= (68,000 units + 12,000 units × 40%) × $5

= $364,000

Now put these values to the above formula  

So, the value would equal to

= $32,000 + $364,000

= $684,000

8 0
2 years ago
has just now paid a dividend of $2.50 per share (Div0); its dividends are expected to grow at a constant rate of 4 percent per y
miskamm [114]

Answer:

$26

Explanation:

according to the constant dividend growth model

price = d1 / (r - g)

d1 = next dividend to be paid

r = cost of equity

g = growth rate

(2.5 x 1.04) / ( 0.14 - 0.04) = $26

6 0
2 years ago
Dee's made two announcements concerning its common stock today. First, the company announced that the next annual dividend will
anzhelika [568]

Answer:

The price per share today is a.$9.49

Explanation:

The value of the stock today can be calculated using the constant growth model of the DDM. The constant growth model is applicable when dividend are growing at a constant rate forever. the growth rate here is negative thus g will be -1.15%

The formula for Constant growth model is,

Price = D1 / r - g

Using the formula, we calculate the price per share today to be:

Price = 1.58 / (0.155 + 0.0115)

Price = $9.49

5 0
2 years ago
Other questions:
  • For a recent year L’Oreal reported operating profit of €3,385 (in millions) for its Cosmetics division. Total assets were €12,88
    5·1 answer
  • Identify barriers to partnership working
    14·1 answer
  • Sandburg Company requires additional cash for its business. Sandburg has decided to use its accounts receivable to raise the add
    14·1 answer
  • Why is sustainable tourism important
    11·1 answer
  • A firm will not shut down in the longminus?run as long as the firms? revenue:
    10·1 answer
  • A company has $96,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts.
    5·1 answer
  • A. Following are the transactions of a new company called Pose-for-Pics.
    7·1 answer
  • The NIMS guiding principle of ______________ facilitates interoperability among organizations in incident response. a. Flexibili
    13·1 answer
  • Draw a Laffer curve. Label it. Draw a point on the curve at the tax rate that generates the maximum tax revenue. Label it ​T*. D
    7·1 answer
  • Nair Corp. enters into a contract with a customer to build an apartment building for $1,000,000. The customer hopes to rent apar
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!