Answer:
B. the percentage change in the quantity demanded divided by the percentage change in price.
Explanation:
The formula to compute the price elasticity of demand is shown below:
= (Percentage change in quantity demanded ÷ Percentage change in price)
where,
The Percentage change in quantity demanded equals to
= (New quantity - old quantity) ÷ ((New quantity + old quantity)
And, the Percentage change in price equals to
= (New price - old price) ÷ ((New price + old price)
Answer:
The inventory forecast for next year is $ 120.4.
Explanation:
In this question relationship between sales and inventory is expressed in the form of an equation. This problem requires us to tell the value of inventory if sales is $ 400. So we can simply calculate the inventory value by putting value of x= 400 in the equaltion given in the question.
Inventories = $26.8 + 0.234 x
Inventories = $26.8 + 0.234 ($400)
Inventories = $ 120.4
(<em>Assume sales increase is due to increase in quantity sold not price</em>)
Answer:
businesses are often located near major universities or research institutions
Explanation:
High technology, or high tech (sometimes also called frontier technology or frontier tech), is technology that is at the cutting edge: the most advanced technology available.
Answer:
Apportioned joint cost to Product Y = $33,000
Explanation:
The net realizable sales value is the difference between the sales value less the separable cost.
Apportioned joint cost
= applicable net realizable value /Total net realizable value × Joint costs
$
Net-realizable value
Product X = 78,000-10500= 67,500
Product Y = 90,000-7500= <u>82,500</u>
Total net-releasable value <u> 150,000</u>
Apportioned joint cost:
Product Y=82500/150,000× $60,000= $ 33,000
Product Y = $33,000
