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andreev551 [17]
2 years ago
7

The elasticity coefficient is determined by looking at the percentage change in quantity divided by the percentage change in pri

ce. With that in mind, if the price of gasoline changes by 20% and there is a corresponding 10% change in quantity demanded, what is the elasticity coefficient
Business
1 answer:
krok68 [10]2 years ago
5 0

Answer:

Elasticity coefficient = 0.5

Explanation:

Elasticity coefficient = percentage change in quantity demanded / percentage change in price

percentage change in price if gasoline = 20%

percentage change in quantity demanded = 10%

Elasticity coefficient = percentage change in quantity demanded / percentage change in price

= 10% / 20%

= 1/2

= 0.5

Elasticity coefficient = 0.5

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A firm is evaluating a capital budgeting project that generates cash inflows equal to $50 per year for the next five years. If t
Anna11 [10]

Answer:

Initial Cost = $180

Explanation:

Payback period estimates the time an investment projects resulting cash flows take to recover the initial amount o=invested in the project. A traditional payback period doesnot take present value into account and just focuses on the nominal recovery of the initial investment.

If a capital budgeting project provides inflows of $50 per year and the payback period is 3.6 years, the initial investment is:

3.6 = 50 + 50 + 50 + x

Where x = 0.6 of 50

and x = 0.6 * 50 = 30

Initial cost = 50 + 50 + 50 + 30 = $180

3 0
3 years ago
A small town has few available workers, and unemployment is low. A family-owned restaurant in town has just had a very good year
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6 0
3 years ago
Suppose that Riverview Community Bank loans out all of its excess reserves that resulted from the $178,000 Fed bond purchase to
sergey [27]

Answer:

The deposit of $178,000 by Mr. Rho appears under Liabilities of Waterfield Bank as shown in the attached photo.

Explanation:

Note: See the attached photo for the T-account Illustration for Waterfield Bank after this transaction has occurred.

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4 0
3 years ago
Kelsey and Cody have been making payments on this furniture for 18 months, but Cody gets laid off from his job, and their income
ycow [4]

Most contracts like this will not change based on the borrowers financial situation. In this case, Kelsey and Cody will still be responsible for paying the debt they owe. Several things will happen if they do not pay:

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4 0
3 years ago
Ticket prices to a Kanye West concert increase from $40 to $60. As a result, ticket sales decrease from 50,000 to 40,000. The el
kramer

Answer:

.4

Inelastic

Explanation:

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4 0
2 years ago
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