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SVETLANKA909090 [29]
4 years ago
9

At a price of $1.00, a local coffee shop is willing to supply 100 cinnamon rolls per day. At a price of $1.20, the coffee shop w

ould be willing to supply 150 cinnamon rolls per day. Using the midpoint method, the price elasticity of supply is about:________
Business
1 answer:
Julli [10]4 years ago
7 0

Answer:

2.2

Explanation:

The formula for calculating price elasticity using the midpoint method is:

midpoint method = {(Q2 - Q1) / [(Q2 + Q1) / 2]} / {(P2 - P1) / [(P2 + P1) / 2]}

midpoint method = {(150 - 100) / [(150 + 100) / 2]} / {(1.20 - 1) / [(1.20 + 1) / 2]}

midpoint method = [50 / (250 / 2)] / [0.20 / (2.20 / 2)] = (50 / 125) / (0.20 / 1.1)  

midpoint method = 0.4 / 0.19 = 2.2

The advantage of using the midpoint method to calculate price elasticity is that we can calculate the price elasticity between two points, and it doesn't matter if the price increases or decreases.

If we calculate price elasticity using the single point formula:

price elasticity = % change in quantity supplied / % change in price = 50% / 20% = 2.5

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According to Mendenhall and Oddou, which of the following dimensions that predicts success in a foreign posting strengthens an e
Ne4ueva [31]

According to Mendenhall and Oddou <u>self-orientation</u> predicts success in a foreign posting strengthens an expatriate's self-esteem, self-confidence, and mental well-being.

<u>Option: D</u>

<u>Explanation:</u>

Mendenhall and Oddou belief that self-orientation is beneficial to have assumption regarding success in foreign posting capacities by showcasing sufficient amount of self-confidence and mental stability.

Self-orientation allow the representative to arrange the strategy or upcoming conversation in mind according to on going scenario, this is only possible when one is having a stable self-oriented brain rather then doubtful, full of questions, nervous mode or any unimpressive act.

Here, they have correlated self-orientation with positive side of business inspite of being only self concern and not considering other factors.

6 0
3 years ago
When the opportunity cost associated with increasing the production of one good or service in terms of another is constant at ev
amid [387]

When the opportunity cost associated with increasing the production of one good or service in terms of another is constant at every level of production, then the production possibility frontier is Linear.

Opportunity costs address the potential advantages that an individual, financial backer, or business passes up while picking one option over another. Since opportunity costs are inconspicuous by definition, they can be barely noticeable.

Opportunity Costs= Absolute Income - Monetary Benefit.

The Production Possibility Frontier (PPF) is a bend on a chart that shows the potential amounts that can be delivered for two items if both rely on a similarly limited asset for their production. The PPF is additionally alluded to as the creation probability bend.

To learn more about Production Possibility Frontier is linear.

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7 0
2 years ago
1111111111111111111111111111111111111111111111111111111111111
saw5 [17]

Answer:

I'm confused on what your asking

6 0
4 years ago
On December 31, 2020, Berclair Inc. had 540 million shares of common stock and 4 million shares of 9%, $100 par value cumulative
Allushta [10]

Solution:

Numerator (Basic EPS): Net income = $900 million;

Preferred  dividends = $27 million (9% x $100 = $9/share x 3 million;

Since  the preferred stock is cumulative, the dividend is deducted whether  or not paid)

Denominator (Basic EPS): Weighted average # shares of common stock outstanding

1/1 – 12/31 => 540 x (12/12) =>  540 x 1.05 = 567

3/1 – 12/31 =>  (24) x (10/12) = (20)  x 1.05 = 21

10/1 – 12/31 => 4 x (3/12) = 1

= 567 - 21 - 1 = 547

Weighted average # shares 190

Basic EPS = ( $900 -  $27 ) ÷ $547

                = $873 ÷ $547 = 1.59

4 0
3 years ago
Pricing objectives that seek profit maximization or to attain a target return on investment are examples of _____ pricing object
Andre45 [30]
Pricing objectives that seek profit maximization or to attain a target return on investment are examples of  profitability pricing objectives, a relationship between the benefits provided by a certain operation or thing and the investment or effort that has been made; when it comes to financial performance; it is usually expressed in percentages.
6 0
4 years ago
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