Answer: The price increase is about 6.17 percent.
Explanation:
The price elasticity of supply (PES) is the elasticity of the quantity supplied of a product to its price change. Price elasticity of supply is the ratio of the percentage change in the quantity supplied of a good or service to the percentage change in price.
The Price Elasticity of Supply is positive as a result of the law of supply that states that there's a direct relationship between the quantity supplied and price i.e. a price increase leads to an increase in quantity supplied and vice versa.
To solve the question,
PES = 0.6
% change in quantity supplied = 3.7
% change in price = Unknown
Let percentage change in price be denoted by b.
PES = % change in quantity demanded / % change in price
0.6 = 3.7 / b
Cross multiplying,
b = 3.7 / 0.6
b = 6.17
Recall that b is the percentage change on price.
Therefore, the percentage change in price is 6.17.
Answer:
Under variable costing, the company's net operating income for the year would be $60,000 lower than under absorption costing.
Explanation:
The computation of the operating income under variable costing is shown below:
But before that following calculations need to be done
Fixed manufacturing overhead per unit is
= $240,000 ÷ 20,000 units
= $12 per unit
Ending Inventory units is
= 20,000 units - 15,000 units
= 5,000 units
Now Cost of ending Inventory deferred under absorption costing is
= 5,000 units × $12
= $60,000
So, the second option is correct
Answer:
c) affirmative action
Explanation:
c) affirmative action
affirmative action is a type of policy that is concerned on the upliftment of the minority group. As it is given in the information above, the minter providing help to minority races by hiring more employee from these races.
it provide access to opportunity for different races. it is first created by president JOHN F KENNEDY in the year 1961. it enforced to restrict employer not to discriminate on the basis of color, region or religion etc.
Answer:
Omnichannel Distribution
Explanation:
Omnichannel Distribution -
It is the method adapted by the company which opens the options for the customers to purchase several products from various stores whether to be online or offline availability , is known as omnichannel distribution .
Hence , it is widely used sales method , to increase the profit of the company , by attracting customers from offline as well as from the online platform , and tries to make it available even in the smallest stores .
Hence , the example of Omnichannel Distribution is depicted in the question .
Answer:
Provision the workload in an Auto Scaling group across Availability Zones, with a minimum of two Amazon EC2 instances Use an Application Load Balancer in front of an Auto Scaling group.
Explanation:
To ensure high availability configure at least 2 EC2 instances so if one fails the other will be a backup. Also aouto scale across various regional availability groups. Worldwide Amazon has various availability stations so making the workload available across multiple regions ensure it will not be affected incase a region goes down.
