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laiz [17]
3 years ago
13

A bakery would be willing to supply 500 bagels per day at a price of $0.50 each. At a price of $0.80, the bakery would be willin

g to supply 1,100 bagels. Using the midpoint method, the price elasticity of supply for bagels is about.
Business
1 answer:
son4ous [18]3 years ago
6 0

Answer:

1.63

Explanation:

The computation of the pricing elasticity of supply using the midpoint method is shown below:

= (change in quantity supplied ÷ average of quantity supplied) ÷ (percentage change in price ÷ average of price)  

where,  

Change in quantity supplied would be

= Q2 - Q1

= 1,100 - 500

= 600

And, the average of quantity supplied is

= (1,100 + 500) ÷ 2

= 800

Change in price would be

= P2 - P1

= $0.80 - $0.50

= $0.30

And, average of price would be

= ($0.80 + $0.50) ÷ 2

= 0.65

So, after solving this, the price elasticity of supply is 1.63

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$1.446 million

Explanation:

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I hope my answer helps you

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3 years ago
McConnell Corporation has bonds on the market with 12 years to maturity, a YTM of 10.0 percent, a par value of $1,000, and a cur
PolarNik [594]

Answer:

13.28%

Explanation:

The computation of the coupon rate is shown below

But before that determine the PMT

Given that

NPER = 12 × 2 = 24

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FV = $1,000;

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= PMT(RATE;NPER;-PV;FV;TYPE)

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Now the coupon rate is

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2 years ago
A company that doesn't just make money but makes a difference in the world and gives back to the community is a company that eng
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3 years ago
A deposit of $1000 at 4% interest compounded continuously will grow to v(t) = 1000 e^0.04 dollars after t year. Find the average
elixir [45]

Answer: 20,816.215

Explanation:

Given that:

A deposit of $1000 at 4% interest compounding is defined by the growth function:

v(t) = 1000e^0.04t

Where t = number of years.

Find the average value during the first 40 years (that is, from time 0 to time 40.)

(That is t = 0,...,40)

For ease, we can use a python list comprehension to get our values.

v = [1000*2.7182818**0.04*t for t in range(41)]

V gives a list of the value of the deposit from year 0 till 40 years after the deposit.

Average = sum of compounding deposits / number of years

Sum of compounding deposits = sum(v) = $853464.8344

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Hence, average = $853464.8344 / 41

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3 years ago
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