1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
In the past year, TVG had revenues of $3 million, cost of goods sold of $2.5 million, and depreciation expense of $200,000. The
beks73 [17]

Answer:

TVG

Times Interest Earned Ratio (TIER) = Earnings Before Interest & Taxes divided by Interest Expense

= $300,000/$$80,000 = 3.75 times

Explanation:

a) TVG Income Statement:

Revenue                $3,000,000

Cost of goods sold 2,500,000

Gross profit             $500,000

Depreciation             200,000

EBIT                        $300,000

Interest Expense       80,000

Pre-tax Income     $220,000

b) TVG's TIER shows the number of times that its earnings before interest and taxes covers the interest expense.  It shows the ability of the TVG to settle its maturing debt obligations from current earnings.  It is an important financial performance measure which potential investors in TVG will use to gauge the ability of TVG to meet financial obligations from the earnings it generates.

5 0
3 years ago
How are SAE programs expanded and/or diversified?
harkovskaia [24]

Answer:

The SAE programs could be extended even diversified using the following techniques.  

Explanation:

  • Increased self-employment has led to something like the SAE programs.  
  • Rather than growing the breadth of this. The concept seems to be the volume, gross margin, quantity of acres, respectively.  
  • By introducing or growing new goods as well as companies. This would be referred to those as diversification.  
  • Whilst also connecting to the awareness acquired via the SAE programs.
8 0
3 years ago
Fashion, Inc. had a Retained Earnings balance of $16,000 at December 31, 2021. The company had an average income of $6,500 over
avanturin [10]

Answer:

Total amount of dividends paid over the last three years is $20500

Explanation:

The net income of the company is either retained in the company or paid out as dividends. To calculate the value of the ending retained earnings, we use the following formula,

Ending balance = Beginning balance + Net Income - Dividends

We first need to calculate the total net income for the 3 year period. The total net income for the 3 year period is, 3 * 6500 = $19500

Plugging in the available values for the ending and beginning balance of retained earnings and net income, we can calculate the value of total dividends paid for the three year period.

15000 = 16000 + 19500 - Dividends

Dividends = 35500 - 15000

Dividends = $20500

4 0
3 years ago
Luis received his account statement. He needs to make sure the balance in his checkbook register is correct. To reconcile his ch
Luden [163]
<span> I would say to add all of the transactions together</span>
8 0
3 years ago
Read 2 more answers
What question is asked along the horizontal axis of the markets-and-technology framework?
Julli [10]

The question that is asked along the horizontal axis of the markets-and-technology framework is, Does the innovation build on existing technologies or create new ones?

An employer technology framework defines the era services and features (IT abilities) required to aid the business applications and statistics, which includes common (or shared) application offerings, not unusual records offerings, not unusual system services, network offerings, safety services, Platform services.

By the use of era, we can broaden the era-related functionality and also can integrate it with other technologies. but the framework is a set of libraries as a way to provide a scratch-level implementation using one or extra technology and also offers first-class lessened improvement time.

The technology framework is based totally on the idea that generation is an aid and the generation base of a company represents the technological information that wishes to become products, approaches, and offerings through technological capabilities advanced via effective TM.

Learn more about the technology framework here brainly.com/question/13844818

#SPJ4

4 0
2 years ago
Other questions:
  • Concord Company purchased a new machine on October 1, 2020, at a cost of $115,900. The company estimated that the machine will h
    11·1 answer
  • The mere exposure effect most directly contributes to the positive relationship between ________ and liking.
    6·1 answer
  • Parrett Corp. acquired one hundred percent of Jones Inc. on January 1, 2018, at a price in excess of the subsidiary's fair value
    9·1 answer
  • The restocking level increases as the service level falls. <br> a. True <br> b. False
    6·1 answer
  • You want to buy a house within 3 years, and you are currently saving for the down payment. you plan to save $5,000 at the end of
    5·1 answer
  • Which statement is false?
    12·1 answer
  • A contract provides that if a dispute arises the parties will submit to arbitration. One party files a suit against the other pa
    8·1 answer
  • PLZ HELP I AM TIMED!!!!!!
    6·2 answers
  • Rye Company has provided the following information: Weighted average number of outstanding common shares, 196,000 Net income, $4
    13·1 answer
  • Which of the following factors are considered when calculating GDP? I. Goods produced within a country by citizens of that count
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!