All categories

3 years ago

The endpoint method computes the percent change as a percent of the starting value.

Business

1 answer:

Zepler [3.9K]3 years ago

7 0

Answer: True

Explanation:

Endpoint elasticity measures the price change and demand during the endpoint of the change. It uses a simple formula for the calculation of the price and the demand relationships. The formula is:

= (D2 - D1)/D1 ÷ (P2 - P1)/P1

where,

D2 = new demand

D1 = initial demand

P2 = new price

P1 = initial price.

The statement that "The endpoint method computes the percent change as a percent of the starting value" is true.

You might be interested in

Meenach Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-ho

o-na [289]

Answer:

Fixed overhead application rate

= <u>Budgeted fixed overhead</u>

Budgeted direct labour hours

= <u>$114,000</u>

60,000 hrs

= $1.90 per direct labour hour

Amount of overhead applied to job X387: $

Variable overhead $4.90 x 170 hours = 833

Fixed overhead $1.90 x 170 hours = 323

1,156

Explanation:

In this case, there is need to calculate the fixed overhead application rate based on direct labour hours by dividing the the budgeted fixed overhead by budgeted direct labour hours. Then, we will calculate the overhead applied to Job X387 by multiplying the fixed and variable application rate by actual direct labour hours of 170 hours.

7 0

3 years ago

Which of the following is true about a business plan?

dusya [7]

Answer:

Explanation:

the plan can change from buget sponsors and othere factors

3 0

3 years ago

Consider a Cobb-Douglas production function with three inputs. K is capital (the number of machines), L is labor (the number of

olga_2 [115]

Based on the above scenario, the production function is Y=K1/3L1/3H1/3.

<h3>What is production function?</h3>

The word production function is known to be an equation that is said to be the one that shows the relationship between the quantities of productive factors (that is labor and capital) that are said to be used and also the number of product that has been obtained.

Note that from the above, the equation that stands for Cobb-Douglas production function with three inputs. K is capital (the number of machines), L is labor, and H is human capital is Y=K1/3L1/3H1/3.

Learn more about production function from

brainly.com/question/25672041

3 0

3 years ago

Price controls on rents are frequently implemented by governments in an effort to protect renters from high housing prices. Diff

Mamont248 [21]

The two primary varieties of price restrictions are known as price ceilings and price floors respectively.

<h3>What exactly are these pricing controls?</h3>

Price control is a technique that the government uses to guarantee that the price of a product or service on the market does not become too high or cheap.

Price controls may be broken down into two categories: price ceilings and price floors. Price floors and ceilings are used to determine the lowest and maximum amounts of a product's price, respectively. Price ceilings are used to determine the maximum amount of a product's price.