Answer:
d
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.
Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases
Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.
The supply of labour usually exceeds the demand for labour. So, the supply of labour is less elastic. as a result workers bear the burden of tax
Answer: The answer is price is 15 equilibrium quantity is 75 Consumer surplus is 60 Producer surplus is 90
Explanation:
D=120-3P
S= 3P - 30
At equilibrium Qd=QS
120-3P=3P-30
Collect like terms
120-30=3P+3P
Divide both sides by 6
90/6=6P/6
15=P
P=15
Substitute the value of P into equation 1
120-3 (15)
120-45
=75
To calculate the consumer surplus
Equilibrium quantity-Price
75-15
=60
To calculate producer surplus
Equilibrium quantity +Price
75+15
=90
Answer:
Tenemos un costo de $10 por unidad
C = $10/u
Tenemos un precio de venta de "p" dólares por unidad
V = P/u
Y tenemos una cantidad de unidades vendidas de 20(22-p)
Q = 20(22-p)
Halle la utilidad U(p) como una función del precio de venta "p".
Utilidad(p) = C*Q - V*Q
C*Q equivale a costo total, y V*Q equivale a ingreso total, así obtenemos la utilidad.
¿Cuál es el precio de venta "p" que genera una utilidad máxima?
$16/ unidad
¿Cuál es el precio de venta "p" que genera una utilidad nula?
$720/ mes
Answer:
The company's days' sales in receivables is 22 days
Explanation:
In order to calculate the company's days' sales in receivables we would have to calculate first the total sales with the following formula:
Total Sales = Net Income / Profit Margin
= $190,000/9.4%=$2,021,276
Hence, Credit Sales = $2,021,276*0.85= $1,718,085
Accounts receivable turnover ratio = Credit sales / Accounts Receivable
= $1,718,085 /$106,351
= 16.15485
Therefore, Days sales in receivables = 365/16.15485= 22.59 days
The company's days' sales in receivables is 22 days
International Financial Reporting Standards (IFRSs) are not authoritatively proclaimed by International Accounting Principles.
<h3>What are IFRS and what are their tenets?</h3>
The reporting of specific kinds of transactions and events in financial statements is governed by a set of accounting standards called International Financial Reporting Standards (IFRS). The International Accounting Standards Board created and maintains them (IASB).
<h3>Why is it necessary to use International Financial Reporting Standards (IFRS)?</h3>
By improving the quality and comparability of financial data on a global scale, IFRS Accounting Standards increase transparency and empower investors as well as other market players to make wise financial decisions.
<h3>Why is IFRS based on principles?</h3>
The adoption of principles-based accounting is necessary because IFRS is intended for international application. Hard-set norms from one nation may not be accepted in another due to disparities in business practices or legal systems.
Learn more about International Financial Reporting Standards (IFRS): brainly.com/question/16244998
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