Answer:
Explanation:
In using the midpoint method to calculate price elasticity , the average percentage change in the price and quantity are used
formula = percentage change in quantity = (Q2 -Q1/(Q2+Q1)/2)*100
Percentage change in price = ( P2 -P2/(P2-P1)/2)*100
Price changes = $1.5 to $1.3
Quantity changes = 60 to 100
Percentage in price = (1.3-1.5 /(1.5+1.3)/2 )*100
(-0.2/1.4)*100 =-14.29%
Percentage in quantity = (100-60/(100+60)/2)*100
40/80*100 = 50%
Therefore , price elasticity of demand = 50/-14.29 = -3.5
With the elastic interval being less than 1 , it means that it is an inelastic demand
Machinery that has unguarded moving parts or that is not locked out during maintenance
Unprotected excavations and trenches
Heavy equipment that tips over
Collapsing walls during demolition
Working between moving materials and immovable structures, vehicles, or equipment
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Answer:
The correct answer is variable expense will also be eliminated of the segment which got eliminated.
Explanation:
The segment in the business which is not profitable anymore, then that segment would be eliminated or removed, which will result in net income will always increase or rise. And the variable costs of that eliminated segment will be absorbed through other segments or will be eliminated.
Though the segment is removed, the fixed costs which is allocated to the segment will be covered still.
So, when the segment is eliminated, then the variable expense of that segment would be eliminated.