1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
baherus [9]
2 years ago
14

Which expressions correctly states the version of the elasticity formula to predict the change in quantity demanded?

Business
1 answer:
VashaNatasha [74]2 years ago
7 0

Answer:

a. percentage  change  in  quantity  demanded  divided  by  percentage  change  in  price  equals  price elasticity of demand

Explanation:

As we know that

The price elasticity of demand shows the relationship between the change or varied in quantity demanded with respect to change or varied in price

Here the change or varied in quantity demanded comes on the numerator side while the change or varied in price comes on the denominator side

So the first option is correct

You might be interested in
In a given amount of time John can produce either 40 pounds of vegetables or 10 pounds of chicken. In the same amount of time Ge
aleksandrvk [35]

Answer:

Ten pounds of chicken to trade for at least <u>40</u> pounds of vegetables but not more than<u> 50</u> pounds of vegetables

Explanation:

                  Vegetables        Chicken        Trade Off Ratio

John             40                     10                4:1 (40/10) or 1:0.25 (10/40)

George          25                      5                 5:1 (25/5) or 1:0.20 (5/25)

John has comparative advantage in Chicken and George has comparative advantage in Veggies because :

  • John's chicken opportunity cost, in veggies < George (4<5). George's veggies opportunity cost, in chicken < John (0.20<0.25).
  • George is more (5X) productive in veggies than chicken, than John (4X). John is less unproductive in chicken than veggies (1/4th), compared to George (1/5th).  

So,  John will sell Chicken to George & George will sell veggies to John. Gains from trade are when each get trade ratio better than their their own trade off ratio.

  • It implies: John gets >' 4 pounds veggies per chicken pound' and George gets > '0.20 pound chicken per veggie pound'.
  • Unitary method:-  '1chicken : 4veggies' = '10chickens : 40veggies' and '0.20chicken : 1veggie' = '10chickens : 50 veggies' .

7 0
3 years ago
The following are common categories on a classified balance sheet. a) Current assets b) Long-term investments c) Plant assets d)
noname [10]

Answer:

Land not currently used in operations - Long-term investments

Notes payable (due in five years) - Long-term liabilities

Accounts receivable - Current assets

Trademarks - Intangible assets

Accounts payable - Current liabilities

Store equipment - Plant assets

Wages payable - Current Liabilities

Cash - Current assets

8 0
3 years ago
Weiss Lenscorp, a maker of camera lenses, provides a 3-year warranty against defects on all of its products. In fulfilling its w
GuDViN [60]

Answer:

warranty liablity account ending balance:  3,510,000

Explanation:

In total, we expect a warranty expense for 6% for each sale distributed among three years.

For the 32,000,000 million sales for 2019 we expect:

32,000,000 x 6% = 1,920,000 warranty expense.

                                   warranty liaiblity

                                   debit       credit

beginning                                3,370,000

expenditures          1,780,000

warranty expense  <u>                 1,920,000</u>

balance                                    3,510,000

6 0
3 years ago
Labor and employers agreed to a new ""social contract"" that included all of the following provisions EXCEPT:
Marina86 [1]

Correct/Complete Question: Labor and employers agreed to a new "social contract" that included all of the following provisions EXCEPT:

A) employers required the National Association of Manufacturers to accept the right of workers to organize unions.

B) unions left decisions regarding capital investment in management's hands.

C) unions left decisions regarding plant location in management's hands.

D) employers granted wage increases.

E) employers extended pensions and health insurance to workers.

Answer:

A, employers required the National Association of Manufacturers to accept the right of workers to organize unions.

Explanation:

A social contract is an agreement made between the superiors and subordinates defining the rights and duties of both parties. Since this contract has spelt out the duties of each, the Manufacturer's Association doesn't expect workers to set up unions.

i hope this helps.

5 0
3 years ago
A​ check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks
BaLLatris [955]

Answer:

Forecast for the month of July = 41,600,000 Checks

Explanation:

The question is determine the forecast for the month of July for the Check Processing Center

first, what is the forecast for June= 42 Million Checks also called Fjune

Actual checks received in June = 40 million checks also called Ajune

The smoothing constant is 0.2

Hence, the forecast for July known as the Fjuly

= a x Ajune + (1-a) x SFune

=  0.2 x 40,000,000 + (1-0.2) x 42,000,000

= 8,000,000 + 33,600,000

Forecast for the month of July = 41,600,000 Checks

3 0
3 years ago
Other questions:
  • Lionel joined the International Council on Hotel, Restaurant and Institutional Education for career guidance. Which profession i
    5·1 answer
  • Getthere airlines currently charges $200$ dollars per ticket and sells $40{,}000$ tickets a week. for every $10$ dollars they in
    5·1 answer
  • The direct exchange of goods and services for other goods and services is known as
    14·1 answer
  • When peter metcalf describes black diamond's manufacturing facility in china as a "greenfield project, he means that . of all ma
    13·1 answer
  • Which of the following is not a characteristic of a corporation?
    8·2 answers
  • s a finance manager at Outdoor Adventure Sporting Goods, Roman worries about the firm's borrowing requirements for the upcoming
    5·1 answer
  • Which of the following students is most likely to receive a merit-based scholarship?
    14·1 answer
  • Due to disagreement between senior interviewers at Calvtipy, a publishing firm, the human resources department gave each of the
    10·1 answer
  • More and more businesses have integrated social media into every aspect of their communication strategies and there are many rec
    12·1 answer
  • Three individuals, Mary, Jack and Helen, make up the total demand for donuts per month in a particular market.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!