Price Elasticity of Supply. The price elasticity of supply is calculated as the percentage change in quantity divided by the percentage change in price.
Using the Midpoint Method
PES = ((Q2-Q1) / ((Q2 + Q1) / 2)) / ((P2-P1) / ((P2 + P1) / 2))
PES = (((10) - (7)) / (((10) + (7)) / 2)) / (((50) - (40)) / (((50) + (40)) / 2))
PES = 1.59
the elasticity of beth's labor supply between the wages of $ 40 and $ 50 per hour is approximately 1.59
In this case, to 1% rise in price causes an increase in quantity supplied of 1.59%
answer:
the elasticity of beth's labor supply between the wages of $ 40 and $ 50 per hour is approximately 1.59
In this case, to 1% rise in price causes an increase in quantity supplied of 1.59%
Demand.
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Answer:
$291,630
Explanation:
The computation of the net cash provided by financing activities is shown below:
Cash flow from financing activities
Less: Existing debt repaid -$313,400
Add: Raised additional debt capital $649,200
Less: Repurchased stock in the open market - $44,170
Net cash provided by financing activities $291,630
We added the additional debt capital and the rest items are deducted
Based on the actions of Preteresia , we can infer that this scenario best describes <u>Global Convergence</u>.
<h3>What is Global Convergence?</h3>
- It refers to the current trend of various dimensions of the human life being integrated across nations.
- Describes the integration of dimensions such as business, culture, the economy, and political policy across nations.
Preteresia in helping Abresia build those facilities, is engaging in global convergence because the industries in both countries are being integrated to allow for more efficient smartphone manufacturing.
In conclusion, this is global convergence.
Find out more on the effects of global convergence at brainly.com/question/18077255.
Answer:
The chosen option (considering enrollment costs and opportunity cost) is:
b) College course.
Explanation:
a) Data and Calculations:
Costs/Benefits
College Course Community Course
Cost $2,600 $1,390
Opportunity costs -2,080 2,080
Net costs $520 $3,470
Distance to course 0.40 miles 16 miles
(walking distance) (driving distance)
Timing of course Weekday Weekend
Number of meetings 16 8
b) With the College course option, you will earn $2,080 ($260 * 8) weekdays to offset part of the enrollment cost. With the Community course option, $2,080 will be lost in opportunity cost, thereby increasing the total costs incurred. These costs are apart from the driving costs associated with traveling 16 miles to the Community Course at the local library.
