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Anna007 [38]
2 years ago
7

When the price of paintings is set at $500, the local art gallery supplies 20 paintings per week. When the price of paintings in

creases to $750, the gallery supplies 25 paintings. Calculate the price elasticity of supply using the mid-point formula. Instructions: Round your answer to two decimal places. If you are entering a negative number be sure to include a negative sign (-) in front of that number. The price elasticity of supply is: .
Business
1 answer:
Rudiy272 years ago
4 0

Answer:

the  price elasticity of supply is 0.555

Explanation:

The computation of the price elasticity of supply is given below:

= Percentage change in quantity supplied ÷ percentage change in price

= (25 - 20) ÷ (25 + 20) ÷ 2 ÷ (750 - 500) ÷ (750 + 500) ÷ 2

= 5 ÷45 ÷ 250 ÷ 125

= 0.555

Hence, the  price elasticity of supply is 0.555

The same is relevant

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Answer:

The correct answer is hot site.

Explanation:

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A warm site has lesser equipment than a hot site and requires more time to be operational. A cold site has the least equipment and takes a few days to be operational but is the cheapest alternative.  

Since the company here wants the business to resume in the least time it should go for a hot site.  

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3 years ago
A Bill of Material (BOM) in MRP is defined as:
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Answer:

The correct answer is letter "B": A listing of components, their descriptions, and the quantities of each required to make one unit of a product.

Explanation:

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4 0
3 years ago
PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!
nlexa [21]

Answer:

A

Explanation:

8 0
2 years ago
Jaycee Jeans sold 40 pairs of jeans at a price of $40. When it lowered its price to $20, the quantity sold increased to 60 pairs
grigory [225]

Answer:

The answer is: A) 0.6

Explanation:

First we will calculate the midpoint for units:

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Now we will calculate the midpoint for price:

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Answer:

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