Answer: Elasticity of luxury weekend hotel packages in las vegas is -1.432.
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to a change in the price of the good.
Mid point method-
![e=\frac{Q2-Q1}{\frac{Q1+Q2}{2} } * \frac{\frac{P1+P2}{2} }{P2-P1}](https://tex.z-dn.net/?f=e%3D%5Cfrac%7BQ2-Q1%7D%7B%5Cfrac%7BQ1%2BQ2%7D%7B2%7D%20%7D%20%2A%20%5Cfrac%7B%5Cfrac%7BP1%2BP2%7D%7B2%7D%20%7D%7BP2-P1%7D)
![e=\frac{1700-2000}{\frac{2000+1700}{2} } * \frac{\frac{280+250}{2} }{280-250}](https://tex.z-dn.net/?f=e%3D%5Cfrac%7B1700-2000%7D%7B%5Cfrac%7B2000%2B1700%7D%7B2%7D%20%7D%20%2A%20%5Cfrac%7B%5Cfrac%7B280%2B250%7D%7B2%7D%20%7D%7B280-250%7D)
![e=\frac{-300}{1850} } * \frac{265}{30}](https://tex.z-dn.net/?f=e%3D%5Cfrac%7B-300%7D%7B1850%7D%20%7D%20%2A%20%5Cfrac%7B265%7D%7B30%7D)
![e= -0.16216*8.8333](https://tex.z-dn.net/?f=e%3D%20-0.16216%2A8.8333%20)
![e= -1.432](https://tex.z-dn.net/?f=e%3D%20-1.432%20)
Elasticity of luxury weekend hotel packages in las vegas is -1.432.
It is important for the military to be able to evacuate supplies when necessary because then they can ensure the supplies will be safe the same with people. they do this during a war, major storms, and when plagues happen.
The euro is the common currency across Europe.
The correct option is C. You must put your sweater on because I said so.
This option is not a good reasoning statement because there is no good reason why the kid should put on a sweater - because I said so is not a good reason. The child needs a sensible and informative reason as to why they should do something, so instead of saying 'because I said so,' it may be better to say 'because you'll catch a cold,' or something to that effect.
Answer:
a. $1,375
b. $1,240
Explanation:
FIFO method
FIFO assumes that the inventory to arrive first will be sold first. Inventory values depend on earlier purchases
Inventory = 185 x $5 + 75 x $6
= $1,375
LIFO method
LIFO assumes that the inventory to arrive last will be sold first. Inventory values depend on recent purchases
Inventory = 130 x $7 + 55 x $6
= $1,240