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Lena [83]
3 years ago
15

Importance of the different types of elasticity​

Business
1 answer:
WITCHER [35]3 years ago
5 0

Answer:

<em><u>Elasticity is an important economic measure, particularly for the sellers of goods or services, because it indicates how much of a good or service buyers consume when the price changes. When a product is elastic, a change in price quickly results in a change in the quantity demanded.</u></em><em><u>The concept of elasticity for demand is of great importance for determining prices of various factors of production. Factors of production are paid according to their elasticity of demand. In other words, if the demand of a factor is inelastic, its price will be high and if it is elastic, its price will be low.</u></em>

Explanation:

hope it helped you...mate!

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Hedman Corporation has provided the following contribution format income statement. Assume that the following information is wit
Tomtit [17]

Answer:

6%

Explanation:

The computation of the margin of safety percentage is shown below;

The Contribution margin ratio is

= Contribution margin ÷Sales

= ($675,00 ÷ $270,000)

= 0.25

Now breakeven point in dollars is

= Fixed cost  ÷ Contribution margin ratio

 = ($63,750 ÷ 0.25)

= $255,000

We know that

Margin of safety = Total sales - Breakeven sales

= ($270,000 - $255,000)

= $15,000

Now Margin of safety % is

= MOS ÷ Total sale

 = ($15,000 ÷ $270,000)

= 5.56%

= 6%

6 0
3 years ago
What are the phases in a business cycle?
-BARSIC- [3]
Recovery, Prosperity, Recession and Depression
8 0
3 years ago
What does claim mean
tino4ka555 [31]

Answer:

claim

/klām/

verb

state or assert that something is the case, typically without providing evidence or proof.

"he claimed that he came from a wealthy, educated family"

Similar:

assert

declare

profess

maintain

state

hold

affirm

avow

aver

protest

insist

swear

attest

argue

contend

submit

move

allege

make out

avouch

asseverate

represent

noun

1.

an assertion of the truth of something, typically one that is disputed or in doubt.

"he was dogged by the claim that he had CIA links"

Similar:

assertion

declaration

profession

affirmation

avowal

averment

protestation

representation

contention

submission

case

allegation

pretense

asseveration

2.

a demand or request for something considered one's due.

"the court had denied their claims to asylum"

Similar:

request

application

demand

petition

call

Explanation:

4 0
4 years ago
Read 2 more answers
Floyd Industries stock has a beta of 1.30. The company just paid a dividend of $.30, and the dividends are expected to grow at 4
CaHeK987 [17]

Answer:

a. Cost of Equity is 4.50%

b. Cost of Equity is 15.55%

Explanation:

a.

The formula for price of a stock using the constant growth model of the DDM approach is,

P0 = D0 * (1+g) / r - g

Plugging in the available values,

62 = 0.3 * (1+0.04)  /  (r - 0.04)

62 * (r - 0.04) = 0.312

62r - 2.48 = 0.312

62r = 0.312 + 2.48

r = 2.792 / 62

r = 0.045 or 4.5%

b.

SML (r) = rRF + β * (rM - rRF)

Plugging in the values,

r = 0.045 + 1.3 * ( 0.13 - 0.045)  

r = 0.1555 or 15.55%

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3 years ago
Sometimes it is better to leave a task and come back later if you do not feel like doing it at the time
Allushta [10]
Yes i definitely agree
3 0
3 years ago
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