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vredina [299]
3 years ago
11

The demand for textbooks is Q = 200 – P + 25 U – 50 P beer. Assume that the unemployment rate U is 8 and the price of beer P bee

r is $2. When the average price of a textbook is P = $100, the price elasticity of demand is:
Business
1 answer:
Readme [11.4K]3 years ago
4 0

Answer: -0.5

Explanation:

Based on the information given, the price elasticity of demand will be calculated as follows:

= dQ/dP × P/Q

where,

dQ/dP = -1

P = 100

Q = 200 – P + 25 U – 50 P beer

Q = 200 - 100 + 25(8) - 50(2)

Q = 200 - 100 + 200 - 100

Q = 200

Therefore, dQ/dP × P/Q

= -1 × (100/200)

= -1 × 1/2

= -1 × 0.5

= -0.5

The price elasticity of demand is -0.5.

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Communication abilities will help you persuade others and help them see your views clearly.

Hope this helps!
4 0
3 years ago
Why did The First and Second Banks of the United States fail?
BabaBlast [244]
Because of greed and mismangement and the sitting of presidents who did not renew legistlation is why the first and second banks of the united states failed
6 0
4 years ago
Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, th
Sergeu [11.5K]

Answer:

$51.00

Explanation:

Calaulation of Baka Corporation predetermined overhead rate for the year.

Formula for predetermined overhead rate:

Predetermined overhead rate=Estimated overhead÷Estimated direct labor hours

Where,

Estimated overhead= 239,700

Estimated direct labor hours= 4,700

Let plug in the formula

(239,700/4700)

=$51 per direct labor hour

Therefore the predetermined overhead rate for the year was closest to $51 per direct labor hour.

3 0
3 years ago
The organization is very personal, much like an extended family. Involvement The organization is accomplishment oriented, with t
Alexxandr [17]

The correct answer to this open question is the following.

What we are trying to do in this question is to rank the options based on the strength of our preference, knowing that the relationship of a new manager in a company and the employees, as well as the understanding of the culture in the organization, can the degree of success and satisfaction in the workplace. So the strongest preference is "1" and the weakest preference would be "8."

So the rank would be like this:

The organization is very personal, much like an extended family. (4)

The organization is accomplishment oriented, with a focus on competition and getting jobs done. (1)

The organization is stable and structured, with clarity and established procedures. (1)

The organization is dynamic and changing, where people take risks.(3)

8 0
3 years ago
Which of the following statements about feedback is most likely FALSE?a. Research shows that subordinates believe their leaders
makkiz [27]

Answer:

The correct answer is a) Research shows that subordinates believe their leaders give more feedback than their leaders think they do.

Explanation:

Companies use the feedback method to have a fluid and effective communication with their employees and bosses, generally, the feedback provides positive comments about the employee's actions but also what can improve in their work.

Feedback is a method that helps in the development of jobs and improves the work environment in jobs.

For example, the research case shows that subordinates believe that leaders give the necessary comments in the feedback process.

<em>I hope this information can help you.</em>

5 0
3 years ago
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