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3 years ago

If the percentage increase in the quantity supplied equals the percentage increase in the price, the supply:

Business

1 answer:

Nadya [2.5K]3 years ago

8 0

Answer: is unit elastic

Explanation:

If the percentage increase in the quantity supplied equals the percentage increase in the price, the supply will be said to be unit elastic.

In the unit elastic supply, it should be noted that supply responds perfectly to the changes in price. This simply means that there'll be an equal change between the price change and the quantity that is supplied.

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n order to run the business Economan gave up a chance to earn $110,000 in a job at the local Space Agency. In addition, he estim

kirill [66]

Answer: $100,000

Explanation:

His accounting profit is his Revenue less his Explicit Costs. Explicit costs are those costs that have an actual payment/ physical cash attached to them.

Accounting Profit = Revenue - Explicit Costs

= 230,000 - ( 10,000 + 100,000 + 20,000)

= 230,000 - 130,000

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3 years ago

A b c d

lina2011 [118]

Answer:

Net Sales a. $ 150,000, b. $ 902,500, c.$ 50,600, d.$ 268,500

Gross Profit a. $ 50,850 b. $ 344,755 c. $ 11,638 d. $ 139,083

Gross Margin ratio a. 33.9 %, b. 38.2 %, c. 19.9 %, d. 51.8 %

Explanation:

Computations of data requirements

a b c d

$ $ $ $

Sales 169,000 930,000 57,000 276,000

Less: Sales discounts ( 4,000) ( 21,500) ( 600) ( 5,300)

Less Sales return and allowances <u>( 15,000) ( 6,000) (5,800) ( 2,200)</u>

Net Sales 150,000 902,500 50,600 268,500

Cost of Goods Sold <u> 99,150 557,745 38,962 129,417</u>

Gross Profit 50,850 344,755 11,638 139,083

Gross Margin Ratio % 33.9 % 38.2 % 19.9 % 51.8 %

5 0

3 years ago

(1 pt) The manager of a large apartment complex knows from experience that 90 units will be occupied if the rent is 420 dollars

klasskru [66]

Answer:

Monthly rent of $345 would maximize revenue

Explanation:

Revenue = Price * Quantity

Quantity depends on price. We need to work out the relationship between price and quantity (that is, the demand function)

When the rent is $420, quantity demanded is 90 units:

When P = 420 we have Q = 90

Let x be the change in price. For every 3 dollar increase (decrease) in price demanded quantity will decrease (increase) 1 unit:

P = 420 + x (a) we have Q = 90 - x/3 (b)

To find the relationship between P and Q we seek to eliminate x.

Multiply both sides of (b) with 3 we have: 3Q = 270 - x (b')

From (a) and (b') we have: P + 3Q = 420 + x + 270 - x

=> P = 690 - 3Q

Revenue R = P * Q = (690 - 3Q) * Q = 690Q - 3Q^2

To find maximum set derivative of R to 0:

dR = 690 - 6Q = 0

=> Q = 690/6 = 115

To lease 115 the price should be P = 690 - 3Q = 690 - 3*115 = 345

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3 years ago

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2 years ago

Which of the following is a good conductor of electricity

lisov135 [29]

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3 years ago

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