Quality information is derived from data.
The daily price elasticity of supply is 0.1.
<h3>
What is the price elasticity of supply?</h3>
Price elasticity of supply measures the responsiveness of quantity supplied to changes in price of the good.
Price elasticity of supply = percentage change in quantity supplied / percentage change in price
Percentage change in quantity supplied = (210,000 / 200,000) - 1 = 5%
Percentage change in price = ($7.50 / $5) - 1 = 50%
Price elasticity of supply = 5%/50% = 0.1
Please find attached the required table. To learn more about price elasticity, please check: brainly.com/question/18850846
Answer:
- 50 people/ 60 min= 0.833 people per minute
- Register = 60min per hour/ 30 sec Per hour = 120 orders per hour.
- Making the food = 60 min/ 1.5 min = 40 orders x 2 employes = 80 orders per hour
- Paking the food = 60 min/ 1 min per food = 60 orders per hour
- Complete service= 30 sec + 1.5 min/2 + 1 min = 2.25 min = 26 orders per hour
- 24 people will stay in line
Answer:
See the explanation below.
Explanation:
Magic Realm, Inc. Contribution Income Statement for last year
Details Total ($) Per Unit ($)
Sales revenue (47,500 × $67) 3,182,500 67
Variable cost (47,500 × $47) <u>(2,232,500)</u> <u>(47)</u>
Contribution 950,000 20
Fixed expenses <u>(855,000)</u>
Net operating expenses <u>95,000</u>
Answer:
Cash received from ebony is 50k
payment to be met is 28000
net income is
$50000-$28000=$22000
is the net income to be recognised