All categories

3 years ago

Given Qx=20-5p where price is 3 units find the price elasticity

Business

1 answer:

padilas [110]3 years ago

7 0

Answer:

$Q_x=5$

Explanation:

Given that,

The formula is :

$Q_x=20-5p$ ....(1)

Where p is price

We need to find the price elasticity

Put p = 3 units in equation (1)

$Q_x=20-5(3)\\\\=20-15\\\\=5$

Hence, the price elasticity is 5.

You might be interested in

What is the formula for determining productivity?!

Iteru [2.4K]

Answer:

Output/Input (APEX) <--------

Explanation:

This is the CORRECT answer for APEX.

8 0

3 years ago

Match each value with its type.

lozanna [386]

Answer:

The following are the values with their correct matches

Pays medical bills - Liability coverage.

Pays damages to your car - Collision coverage.

Pays damages to the other car - Pays 0% damages to the other car.

Explanation:

Medical expenses are termed as a liability coverage because they certainly cannot be ignored as one cannot choose to risk his health.
The payment done for the repairing of a car damaged due to collision is termed as collision coverage.

One would choose to not spend on the repairing of the other car when one car is in good condition.

7 0

3 years ago

Read 2 more answers

Yuki is part of a sales team. He effectively coordinates his tasks with others in the team and willingly contributes to their ef

bulgar [2K]

Answer:

d.Level 2

Explanation:

Based on the information provided within the question it can be said that Yuki is in the level 2 of the level-5 leadership pyramid. This level emphasizes an individuals contributions towards the other members of a group and adding their individual capabilities to the group in order to help the group achieve their overall goals. Which is exactly what Yuki is doing as described in the question.

5 0

3 years ago

Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a period, together with informatio

MrRissso [65]

Answer:

Cost of completed WIP: 30,240

Total cost of tranferreed-out: 729,990

Explanation:

We assume it works with weighted-average process costing

Beginning 9,000 50% = 4,500 $22,050

Finished goods 207,000 units

Direct Materials 212,000 units at $1.6

Direct labor $276,000

Overhead $ 107,400

Total Overhead $383,400

started 212,000 units

finished 207,000 units

ending 5,000 units at 75%

EU Conversion Cost 207,000 + 5,000 x 75% = 210,750

Cost per equivalent unit: 383,400 / 210,750 = 1,819217

Cost of beginning WIP comepleted

22,050 beginning + 1.82 x 4,500 = 30,240

Cost of the units transferred to finished goods:

22,050 beginning WIP balance

+ 207,000 x $1.6 materials

+ 207,000 x $1.82 conversion cost

Total: 729,990

7 0

3 years ago

Assume that an employee of a FINRA member firm opens a securities account at another FINRA member firm. If requested, the employ

murzikaleks [220]

Answer:

C) confirmations and account statements

Explanation:

If an employee of a FINRA member firm wants to work for another FINRA firm, he/she must notify his/her employing member firm, and his/her new employer must send duplicate confirmations and account statements only if requested by the member employing firm. The member employing firm does not have to grant any type of approval or permission.

The Financial Industry Regulatory Authority (FINRA) regulates member brokerage firms and exchange markets. FINRA is regulated and overseen by the SEC. They issue licences to individuals and admits companies into the financial trading industry.

3 0

3 years ago

Given Qx=20-5p where price is 3 units find the price elasticity​

Given Qx=20-5p where price is 3 units find the price elasticity