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malfutka [58]
3 years ago
9

The demand function for a certain make of ink-jet cartridge is the following where p is the unit price in dollars and x is the q

uantity demanded each week, measured in units of a thousand. $ p = - {\color{black}0.07} x^2 -{\color{black}0.7} x +6$ Compute the elasticity of demand when x = 5. (Round your answer to two decimal places.)
Business
1 answer:
Paul [167]3 years ago
7 0

Answer:

The answer to the following question is: (-9.34)

Explanation:

Given that:

p = -0.07 x^2 - 0.7x  + 6

The price elasticity of demand = ( change in quality / change in price)

     =   (dp / dx)  (x/p)

     =   d / dx   (-0.07 x^2 - 0.7x  + 6)   x / p

     =   (-0.14x - 0.7)  x/ (-0.07 x^2 - 0.7x  + 6)

elasticity = (-0.14x^2 - 0.7x) / (-0.07 x^2 - 0.7x  + 6)

at x=5;

elasticity = (-0.14(5)^2 - 0.7(5)) / (-0.07 (5)^2 - 0.7(5)  + 6)

              = (-3.5 - 3.5) / (-1.75 - 3.5 + 6)

              =  -7/ 0.75 = -9.333

              = -9.34

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Answer:

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Explanation:

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= $327,120

Hence, the  compensation expense for the year is $327,120

The same should be considered and relevant too

8 0
2 years ago
Interest amounting to $4 was credited to your account by the bank in September. The bank's service charge for the month was $5.
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Answer:

Bank Reconciliation Statement as at October 2:

Balance as per checkbook            $601

Add: Electronic transfer             $2,400

       Interest                                       $4

Less: Bank charge                            ($5)

Balance as per bank statement $3,000

Explanation:

A bank reconciliation statement is a statement prepared periodically to reconcile the balance in the cash book with the balance shown on a bank statement.

The process starts with identifying transactions that do not (do) appear in the cash book and those that do not (do) appear in the bank statement, which did not appear in the other.  Errors are also identified and corrected during the process.  After this, the reconciliation statement is prepared to agree the two sources of balances.

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3 years ago
The market value of the equity of Hudgins, Inc., is $645,000. The balance sheet shows $53,000 in cash and $215,000 in debt, whil
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Answer:

It is 3.25 times

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Where EBITDA =  EBIT+Depreciation & Amortization

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              =$248,000

Enterprise Value (EV) =  Market value of the equity +Debt-Cash and Cash Equivalent

EV= $645,000+$215,000-$53,000

    =$807,000

Hence, EBITDA Multiple = $807,000/$248,000

                                        =3.25 times

EBITDA Multiple is used to compares a company’s Enterprise Value to its annual EBITDA.

8 0
3 years ago
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Managers can help to change the organization's culture by paying attention to which ______ they use as narratives to symbolize t
Klio2033 [76]

An organization's culture can be changed when managers pay attention to which <u>stories</u> are used as narratives to symbolize the organization's vision and values to employees.

<h3>Who is a manager?</h3>

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Read more on managers here: brainly.com/question/24553900

4 0
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A mother earned ​$ 18750.00 18750.00 from royalties on her cookbook. She set aside​ 20% of this for a down payment on a new home
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Answer:

a) $ 5000, $ 10000 b) $ 5000

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She set aside 20% for new home  which = 0.2 × 18750 = $ 3750

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open the bracket and rearrange the equation

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