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max2010maxim [7]
3 years ago
14

Suppose the price of Twinkies is reduced from $1.45 to $1.25 and, as a result, the quantity of Twinkies demanded increases from

2,000 to 2,200. Using the midpoint method, the price elasticity of demand for Twinkies in the given price range is
a. 2.00.
b. 1.55.
c. 1.00.
d. .64.
Business
1 answer:
valentina_108 [34]3 years ago
6 0

Answer:

d. .64.

Explanation:

Price elasticity of demand measure the responsiveness of demand against change in the price of given product. It measures the ratio of change in demand to change in price.

Change in demand = ( 2200 - 2000 ) / [ (2200+2000)/2 ] = 200 / 2100 = 0.0952

Change in price = ( 1.25 - 1.45 ) / [ (1.25+1.45)/2 ] = 0.2 / 1.35 = 0.148

Elasticity of Demand = Change in demand / change in price = 0.0952 / 0.148 = 0.643 = 0.64

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Answer:

Predetermined overhead rate=$8 per hour

Applied overheads=$799,200

Explanation:

Predetermined overhead rate is calculated using the following formula:

Predetermined overhead rate=Estimated overhead/Estimated direct labor hours

Predetermined overhead rate=800,000/100,000

                                              =$8 per hour

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Applied overheads=8*99,900

                             =$799,200

4 0
3 years ago
Which compononet of the tri-component attitude model includes a consumer's emotions or feelings about a particular product or br
mylen [45]

Answer: According to the Consumer Behaviour-Attitude, the attitude component is the one that relates to consumer's emotions or feelings about a particular product or brand.

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Mary enters into an agreement to sell 3 cases of vintage wines at $1,500 per bottle to Audrey. Mark offers to pay Mary $2,500 pe
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Answer with explanation:

Mary must review the conditions of the contract with Audrey to find out if by canceling the contract over the phone she is breaching her initial agreement. If so, Audrey could suit her which could imply Mary will have to deliver the cases of vintage wines to Audrey. Then, she should not sell the wines to Mark or anybody else unless Mary is sure she can end the contract with Audrey first without disadvantages.

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3 years ago
You are a supply chain manager at a UK firm. In 2010, a volcano broke out in Iceland, disrupting air travel across Europe. On th
grandymaker [24]

Answer:

Explanation below.

Explanation:

It should be understood that as a chain supply manager, your job is to continue to make supply available no matter what may.

At this instance, what happened that cut you off from your reliable Asian suppliers was not your fault at all, and the best thing is to start patronizing the local suppler until the predicament is resolved.

What is needed to be done, is to continually be in touch with the Asian suppliers, and keep assuring them of patronizing them again immediately the coast is clear.

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A leverage ratio is any one of several financial measurements that look at how much capital a firm holds in relation to its tota
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Based on the data given in the database, the leverage ratios from 1995 to 2018 are:

  • 1995 - 0.082869
  • 1996 - 0.057142
  • 1997 - 0.057142
  • 1998 - 0.045094
  • 1999 - 0.041083
  • 2000 - 0.040161
  • 2001 - 0.044827
  • 2002 - 0.04613
  • 2003 - 0.049242
  • 2004 - 0.055549
  • 2005 - 0.063806
  • 2006 - 0.067156
  • 2007 - 0.070386
  • 2008 - 0.069825
  • 2009 - 0.074235
  • 2010 - 0.113294
  • 2011 - 0.113646
  • 2012 - 0.114788
  • 2013 - 0.110941
  • 2014 - 0.107843
  • 2015 - 0.108783
  • 2016 - 0.109519
  • 2017 - 0.110321
  • 2018 - 0.109845

<h3>What does the data show?</h3>

The leverage ratios shown above are yearly averages calculated by averaging the monthly leverage ratios.

Monthly leverage ratio:
= Bank capital / Assets of commercial banks

The attached line graph shows that moral hazard has increased overtime as banks have taken on more risk.

Find out more on moral hazard at brainly.com/question/7290644.

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2 years ago
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