The price of the water needs to be raised by 40% when the consumption of water reduces by 10% and the price elasticity of demand results to 25%.
<h3>What is meant by the price of elasticity of demand?</h3>
The price elasticity of demand is determined as the proportionate variation in quantity with respect to variation in the price of a good.
Given values:
Change in water consumption (fall): 10%
Price elasticity of demand: 25%
Computation of percentage change in the price of water:
Therefore, there is an increase in water price by 40%.
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I would say that the market economy and westward expansion promoted the institution of slavery as in the new United States whereby in order to sell more say cotton at a cheap price (the market economy) then the landowners would employ slaves for cheap labour so as to extract maximum profit from their labour.
Answer:
$750
Explanation:
Total cost for Brett = Rental cost + Buying cost for 200 throws
Total cost for Brett = $1,500 + ($15*200)
Total cost for Brett = $1,500 + $3,000
Total cost for Brett = $4,500
Total income for Brett = Demand * Selling cost
Total income for Brett = 150 * $35
Total income for Brett = $5,250
Payoff = Income - Cost
Payoff = $5,250 - $4,500
Payoff = $750
<span>The higher the percentage of the active ingredient in a drug, the more powerful the drug is.</span>
Answer:
b.$220,800
Explanation:
Calculation to determine what was the amount of factory overhead applied in October
Finished goods during October $ 329,500
Add: Balance of work in progress on October 31 $203,500
Less: Balance of work in progress on October 1 (23,000)
Less: Direct Materials $(94,300)
Less: Direct Labor ($194,900)
Factory Overhead applied in October $$220,800
Therefore the amount of factory overhead applied in October is $220,800
