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Cerrena [4.2K]
3 years ago
11

The price elasticity of demand for beef is about 0.60. Other things equal, this means that a 20 percent increase in the price of

beef will cause the quantity of beef demanded to _____.
Business
1 answer:
givi [52]3 years ago
3 0

Answer:

Quantity of beef demanded will decrease by 12%

Explanation:

Data provided in the question:

Price elasticity of demand for beef, Ed = 0.60

Increase in the price of beef = 20%

Now,

Price elasticity of demand for beef,

Ed = [ Percentage change in Quantity ] ÷ [ Percentage change in price  ]

or

0.60 = [ Percentage change in Quantity ] ÷ 20%

or

Percentage change in Quantity = 0.60 × 20%

or

Percentage change in Quantity = 12%

Also,

Price and Quantity are inversely proportional

Hence,

With the increase in price, the quantity will decrease

Therefore,

Quantity of beef demanded will decrease by 12%

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The marginal analysis will be least beneficial when D. deciding whether to take a lunch break or knock on another door as a door-to-door salesperson.

<h3>What is marginal analysis?</h3>

Marginal analysis simply means an examination of the additional benefits and the additional cost that can be incurred on a product.

In this case, marginal analysis will be least beneficial when deciding whether to take a lunch break or knock on another door as a door-to-door salesperson.

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brainly.com/question/4893420

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The infographic suggests making small payments on your student loans even before they’re due, yet that won’t automatically get y
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The benefit that a student can obtain by paying off his student loan before the due date is that his debt is diminishing.

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These entities then establish fees that the student must pay from time to time. However, several of these entities charge interest and other percentages for lending this money to students.

<h3>What is the benefit of making small advance payments? </h3>

The benefit of paying in advance is that the student will pay off his loan more quickly, which will free him/her from paying higher interest in the future.

Note: This question is incomplete because the infographic is missing. However I can answer it based on my prior knowledge.

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3 years ago
How to find users you wanna add
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5 0
3 years ago
PLEASE HELP ASAP
34kurt

one could be food im not really



7 0
3 years ago
Sheffield Corp. had 205000 shares of common stock, 20300 shares of convertible preferred stock, and $1580000 of 4% convertible b
Ahat [919]

Answer:

Diluted earnings per share for 2021 is: <u>$2.19 per share</u>.

Explanation:

Amount of increase in net income if bonds are converted = Total value of convertible bonds * Bond rate * (100% - Tax rate) = $1580000 * 4% * (100% - 35%) = $41,080

Total earnings available to Equity Shareholders = Net income + Amount of increase in net income if bonds are converted = $599000 + $41,080 = $640,080

Number of shares of common stock = 205,000

Number of common shares obtainable from preferred stock = 39,800

Number of common shares obtainable from convertible bonds = (Total value of convertible bonds / $1,000) * 30 = ($1580000 / $1,000) * 30 = 47,400

Total number of shares outstanding = Number of shares of common stock + Number of common shares obtainable from preferred stock + Number of common shares obtainable from convertible bonds = 205,000 + 39,800 + 47,400 = 292,200

Diluted earnings per share = Total earnings available to Equity Shareholders / Total number of shares outstanding = $640,080 / 292,200 = $2.19 per share

Therefore, we have:

Diluted earnings per share for 2021 is: <u>$2.19 per share</u>.

6 0
2 years ago
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