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Nesterboy [21]
2 years ago
9

5. As the price of laptops increases from RM2,000 to RM3,500 per unit, the quantity

Business
1 answer:
zepelin [54]2 years ago
4 0

Answer:

-0.523 and inelastic

Explanation:

The computation of the price elasticity of demand using mid point formula is given below:

= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of quantity demanded)  

where,  

Change in quantity demanded is

= Q2 - Q1

= 150 units - 200 units

= -50 units

And, average of quantity demanded would be

= (150 units + 200 units ) ÷ 2

= 175 units

Change in price would be

= P2 - P1

= 3,500 - 2,000

= 1,500

And, average of price would be

= (3,500 + 2,000) ÷ 2

= 2750

So, after solving this, the price is -0.523

Since the price elasticity of demand is less than 1 so it would be inelastic

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Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional
Juli2301 [7.4K]

Answer:

Healthcare practitioners & supporters and Management have highest percentage increase anticipated.

Explanation:

The Healthcare practitioners have most demand in the market is because of the fact that developing countries have higher demand for these jobs and thus they show highest growth.

On the other hand, management is the backbone of the company. We can not imagine a company without management. Hence their is an increased demand in management operations. If the GDP of the country is growing then it means the business is growing and their is increased demand for the management jobs.

The automation will affect most of the difficult jobs and would increase efficiency in the coming future. The occupations that would be affected will be aggriculture production operations.

7 0
2 years ago
A) You observe the following exchange rates in the market.
blagie [28]

Answer: i. €0.11

ii. €1.08

Explanation:

i. If we get 1 krona for every $0.13 then how many krona do we get per dollar?

= 1/0.13

= 7.69 Krona is to $1

If $1 is 7.69 Krona and $1 is also €0.85 then that means that,

€ 0.85 = 7.69 Krona

So for each Krona exchanged, we get how many Euro,

= 0.85/7.69

= 0.11

For each Krona exchanged, we get €0.11

ii. Following the example of the first question,

if £1 is to $1.12 then how many pounds are a dollar?

= 1/1.12

= 0.89

£0.89 is equal to a dollar.

if €1 is to $1.04 then how many euros are a dollar?

= 1/1.04

= 0.96

€0.96 are equal to a dollar.

This means that,

£0.89 = €0.96

So for every British Pound exchanged we get how many Euros?

= 0.96/0.89

= 1.078

= €1.08

For every British pound Exchanged, we get €1.08

6 0
3 years ago
You're considering an investment that you expect will produce a return of 77 percent next​ year, and you expect that your real r
den301095 [7]

This problem is simply straight forward. The total rate of return is simply the sum of the real rate of return and the inflation rate, that is:

77% = 33% + Inflation Rate

Therefore inflation is:

Inflation Rate = 77% - 33%

<span>Inflation Rate = 44%</span>

6 0
3 years ago
Use Cases have been used in a number of process models listed below, except: A. Unified Process B. Data Flow Process Model C. IB
marta [7]

Answer:B. Data Flow Process Model.

Explanation:Use case is a term in Computer software and systems engineering to describe the actions and steps taken between the role which is also known as an actor and the system,it was first introduced by Ivar Jacobson to the world in the year 1992.

Use case is very important and valuable tool in requirement analysis technique and it has been extensively utilized in modern approaches to software engineering.

4 0
2 years ago
Fabulous Fabrics budgeted to manufacture 1300 curtains in February. Actual output for March was with total direct materials cost
GarryVolchara [31]

Answer:

$2,925 Unfavorable

Explanation:

The computation of direct labor rate variance is shown below:-

Actual rate = Direct labor cost ÷ Actual direct labor hours

= $5,250 ÷ 150

= 35

Direct labor rate variance = (Selling rate - Actual rate) × Actual hours rate

= ($15.50 - 35) × 150

= -$19.5 × 150

= $2,925 Unfavorable

Therefore for computing the direct labor rate variance we simply applied the above formula.

8 0
2 years ago
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