Demand elasticity has an absolute value of 1.619. When a price adjustment has no impact on the quantity required, the demand is said to be perfectly inelastic. In other words, regardless of the price level, the quantity demanded does not change.
Midpoint Price = (P1 + P2) / 2 = (10 + 8) / 2 = 9. % change in qty demanded = (60 – 40) / 50 = 0.4. % change in price = (8 – 10) / 9 = -0.22. Arc Ed = 0.4 / -0.22 = 1.82.
Therefore, it can be said that the price elasticity of demand is 0 in absolute terms. Between these two positions, the elasticity of demand is 0.45, which is less than 1. As a result, the demand throughout this time period is inelastic.
Despite the fact that economists frequently overlook the sign, the PED coefficient is typically negative. If the PED coefficient is less than one, then the demand for a good is comparatively inelastic (in absolute value)
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Answer:
you definitely take the job in Dallas because the real wage is higher there.
Explanation:
given data
Chicago paying = $67,000
Dallas paying = $58,000
price index in Chicago = 110.8
price index in Dallas = 91.5
solution
we get here Real wage in Chicago that is
Real wage in Chicago = 67000 × 
Real wage in Chicago = $60469
and
Real wage in Dallas is
Real wage in Dallas = 58000 × 
Real wage in Dallas = $63388
so you definitely take the job in Dallas because the real wage is higher there.
The answer is an implementer. A manger who is an implementer not only makes situations more efficient for his workers but also more reliable. A formulator on the other hand is some who innovates. A formulator thinks outside of the box and would often want dramatic results.
Answer: Reduce output
Explanation:
According to the given question, the barrel O' Biscuits is one of the type of perfectly competitive organization in which its overall marginal cost increasing the company's marginal revenue.
For maximizing the profit of an organization then we should reduce the output as in the perfect competition the company majorly affected the output only and for shift the overall marginal cost of the company we reducing the output.
Therefore, Reduce output is the correct answer.
i think the aswer is (A) <span>Checks are the most widely accepted form of payment.</span>
