The phase of the business cycle where the economy is growing faster than usual is called

Danny "Dimes" Donahue is a neighborhood’s 9-year-old entrepreneur. His most recent venture is selling homemade brownies that he

Nina [5.8K]

Answer:

To calculate the elasticity of demand, we need to use mid point elasticity theory.

According to mid point theory,

Ed = [(Q2 - Q1) / {(Q1 + Q2) / 2}] / [(P2 - P1) / {(P1 + P2) / 2}]

Where, Ed = Elasticity o demand

Q1 = Initial quantity = 100

Q2 = New Quantity = 300

P1 = Initial price = $2.75

P2 = New price = $2.25

Ed = [(300 - 100) / {(100 + 300) / 2}] / [(2.25 - 2.75) / {(2.75 + 2.25) / 2}]

Ed = - 5.

a. So, the elasticity of demand is - 5 or in absolute term 5.

b. As the value of elasticity is more than 1, that means, the elasticty over the price range in elastic.

c. From theory, we knew that, when the demand is elastic, then a decrease in price causes a increase in total revenue. Because, as the demand elasticity is elastic, so the increase in output is higher than decrease in price.

Total revenue will increase

8 0

3 years ago

Tina's Track Supply's market-to-book ratio is currently 4.5 times and PE ratio is 10.5 times. If Tina's Track Supply's common st

otez555 [7]

Answer:

$22.2222, $9.5238, respectively

Explanation:

The market-to-book ratio is given by a share's market value divided by its book value, if shares are selling for $100 on the market, the book value is:

$B = \frac{\$100}{4.5}=\$22.2222$

The price to earnings ratio (PE ratio) is determined as a share's price divided by the earnings per share. Earnings per share are:

$E=\frac{\$100}{10.5}\\E=\$9.5238$

The book value per share and earnings per share are $22.2222, $9.5238, respectively

5 0

3 years ago

Two athletes of equal ability are competing for a prize of $12,000. Each is deciding whether to take a dangerous performance-enh

jeka94

Answer:

The format is messed up

Explanation:

5 0

3 years ago

Marcos wants to buy Lucia's land, but she refuses to sell. Marcos begins using subpoenas, court orders, and other formal legal p

Xelga [282]

Full question:

Marcos wants to buy Lucia’s land, but she refuses to sell. Marcos begins using subpoenas, court orders, and other formal legal procedures in an unrelenting effort to force Lucia to sell. This is

abuse of process.

not a tort.

appropriation.

wrongful interference with a contractual relationship.

Answer:

This is abuse of process

Explanation:

Abuse of process assigns to the inappropriate handling of a civil or criminal justice system for an unintended, wicked, or malicious reason. It is the hateful and intentional abuse of frequently published civil or criminal court means that is not supported by the underlying legal action.

Abuse of process covers prosecution claims in defective faith that is expected to hold the commitment of justice. Abuse of process is a deliberate tort. Abuse of process comprises the complete range of modes conflict to the prosecution process such as hearing proceedings, the noticing of allegations and the issuing of subpoenas.

4 0

3 years ago

In an example of __________ , many companies lobby the U.S. federal government through the U.S. Chamber of Commerce, an interorg

Iteru [2.4K]

Answer:

boundary spanning

Explanation:

Boundary spanning -

The term boundary spanning was given by Tushman in late 1950's .

It is the term used to describe an individual in the innovation system , whoes role is to link the internal work of the organization with the external work .

From the statement of the question , the example is for the term boundary spanning .

4 0

3 years ago