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yulyashka [42]
3 years ago
7

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.

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The number of shares issued represents the number of shares ______. Multiple choice question. the company is allowed to sell sol
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Answer:

sold

Explanation:

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6. How long does it take for the average new drug to be tested and approved for
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3 to 5 years.....only.....

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Put the following steps of the problem solving process in correct order. Question 2 options: Implement the Model Identify what i
netineya [11]

Answer:

I. Identify what is the problem

II. Acquire the data

III. Develop the model

IV. Implement the Model.

V. Do the results look right.

Explanation:

The problem-solving process can be defined as the systematic approach used to identify and determine the solution to a particular problem.

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Hence, the fundamental steps of the problem solving process in the correct order are;

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7 0
2 years ago
In 2010 the United States posted a current account deficit of -$471 billion. The bulk of the negative value came from: A. a good
Brut [27]

Answer:

A. a goods trade deficit

Explanation:

The current account represent the trade balance (export less import) plus

the net income (person receiving interest, rent or wages from aboard less person and companies paying foreingers) and

the direct payment. ( remittances from wroker to US)

As the US is one of the most open-economies in the world the mayority of this deficit comes from import of good and services from aboard.

Another factor, is that US company invest around the world thus, the net income should be positive.

And becuase the US economy is strong as opposite of Mexico or other Latin America countries, the average US employee abroard will not send their wages to support his family.

Thus, we should ensure the deficit comes from a negative trade deficit.

6 0
3 years ago
"Mrs. Smith operates a business in a competitive market. The current market price is $8.10. At her profit-maximizing level of pr
Molodets [167]

Answer:

Mrs.Smith should continue to operate the business in the short run but shut down in the long run.

Explanation:

According to the shut down rule, at the profit-maximizing positive level of output, a business in a competitive market should continue to operate in the short-term if the price equals to or is greater than the average variable cost, but should shut down in the long term if the price is less than or equal to total cost. Here,

price = $8.10

avg variable cost = $8.00

avg total cost = $8.25

Mrs.Smith should continue to operate the business in the short run but shut down in the long run.

6 0
3 years ago
Read 2 more answers
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