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NemiM [27]
3 years ago
10

Suppose that in a week the price of Greek yogurt decreases from $1.75 to $1.25 per container. At the same time, the quantity of

Greek yogurt demanded at a typical grocery store increases from 10,000 to 18,000 containers per month. What is the price elasticity of demand for Greek yogurt
Business
1 answer:
kirill [66]3 years ago
6 0

Answer:

1.11

Explanation:

New price = 1.75

Old price = 1.25

Price percentage= 1.75-1.25/1.25

= 0.5/1.25

= 0.4

New quantity = 18,000

Old quantity= 10,000

Quantity percentage, = 18000-10/000/18000

= 8000/18000

= 0.44

Price elasticity= 0.44/0.4

= 1.11

Hence price elasticity is 1.11

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Integrated Masters Inc. (IMI) is presently operating at 80% of capacity and manufacturing 116,000 units of a patented electronic
balu736 [363]

Answer:

a. $3.13 per unit

b. No

c Yes

Explanation:

The computation is shown below

a. Fixed overhead per unit is

= Fixed overhead ÷ Number of units manufactured

= $363,000 ÷ 116,000 units

= $3.13 per unit      

b. The cost calculation is not appropriate because the fixed overhead per unit is not be involved while calculating the cost

c. Now the acceptance of the offer should be based on total relevant cost which is            

Total relevant cost

= $6.1 + $6.1 + $8.1

= $20.3  

Since the offer is accepted because total relevant cost is less than the offered purchase price i.e $24.50    

       

3 0
3 years ago
Vijay Inc. purchased a three-acre tract of land for a building site for $350,000. On the land was a building with an appraised v
alexandr402 [8]

Answer: b) $364,090

Explanation:

The Capitalized cost of the land would be the costs incurred to acquire the land and to set it up.

Capitalized cost = Purchase price + demolition of old building + title insurance + attorney fees + property taxes(for period since purchase) - scrap value

= 350,000 + 11,700 + 810 + 540 + (3,000 - 350) - 1,610

= $364,090

3 0
2 years ago
The WPC Sports Company has noted that the size of individual "customer order" is normally distributed with a mean of $100 and st
nikdorinn [45]

Answer:

Standard error of the mean = 3

Explanation:

Given:

Mean Distribution = $100

Standard deviation = $12

Total number of player = 16 player

Standard error of the mean = ?

Computation of standard error of the mean:

Standard error of the mean = Standard deviation / √ Total number of player

Standard error of the mean = 12 / √16

Standard error of the mean = 12 / 4

Standard error of the mean = 3

7 0
3 years ago
Pick a number from 1 to 50 winner gets 30 points. You can comment or answer on this question.
White raven [17]

Answer:

43

Explanation:

6 0
3 years ago
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It’s in the picture pleaseee I need this today
Tom [10]

Answer:

Can you please post a clearer picture

Explanation:

If you can I might be able to help.

4 0
2 years ago
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