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worty [1.4K]
3 years ago
10

What is price elastic of supply

Business
1 answer:
Reika [66]3 years ago
4 0
The price elasticity of supply is a measure used in economics to show the responsiveness, or elasticity, of the quantity supplied of a good or service to a change in its price.
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Which of the following is an example of an action that is part of making a
Alla [95]
Answer: B Im pretty sure

Step by step explanation:

The meaning of rational is doing someone with reason or logic so B seems like the rational answer..
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A company manufactures and sells x smartphones per week. The weekly price-demand and cost equations are p=500−0.5x and C(x)=20,0
suter [353]

Answer:

a)

revenue = x amount of phones x price

revenue = x(500 - 0.5x)

revenue = 500x - 0.5x²

we find revenue' (derivative):

revenue' = 500 - x

x = 500

the company should sell 500 smartphones to maximize revenue, the selling price = 500 - (0.5 x 500) = $250 per smartphone. Maximum weekly revenue = $250 x 500 = $125,000

b)

profit = revenue - cost

profit = 500x - 0.5x²  - 20,000 - 135x

profit = -0.5x² + 365x - 20,000

we must find profit' (derivative):

profit' = -x + 365

x = 365

In order to maximize profits, you have to sell 365 smartphones per week. Maximum weekly profit = -0.5(365²) + 365(365) - 20,000 = -66,612.50 + 133,225 - 20,000 = $46,612.50.

The smartphone's price = 500 - (0.5 x 365) = $317.50

4 0
3 years ago
Is D right?
zhannawk [14.2K]

Answer:

C

Explanation:

wise use of our resources

6 0
3 years ago
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Reed, a 15-year-old, has run out of money while on a trip away from home. Martha gives him food, a place to sleep, and his bus f
OLEGan [10]

Answer:

Explanation:

Food, clothing, housing, and medical care are needed. Bus fares are probably also considered necessary, although it can be controversial depending on the distance of a minor. Rules are essential for adolescents to pay for the value of the benefit received. In other words, Reed can reject the contract, but he must take responsibility for any benefit he received from Martha.

5 0
3 years ago
One way to think about free cash flow is that if the amount were withdrawn, it would harm the firm's ability to operate and to p
vfiekz [6]

The given statement "One way to think about free cash flow is that if the amount were withdrawn, it would harm the firm's ability to operate and to produce future cash flows" is FALSE.

Explanation:

Free flow of cash is the cash produced by an enterprise, less than the cost of asset spending. Free cash flow is the remaining cash after a corporation pays the operating costs and the equity, also called CAPEX.

FCF conflates net income through adjustments to non-cash spending, working capital shifts and capital expenditure.

The FCF is prone to volatility rather than net income as an indicator of profitability.

Nonetheless, FCF can expose basic problems until they emerge from the income declaration as a additional tool for analysis.

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