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algol [13]
3 years ago
13

When the price is $12 the quantity demanded is 50. When the price increases to $24 the quantity demanded decreases to 30. Calcul

ate the price elasticity of demand.
Business
1 answer:
Allushta [10]3 years ago
6 0

Answer:

PED = -0.4 or |0.4| in absolute terms

Explanation:

price elasticity of demand (PED) = % change in quantity demanded / % change in price

  • % change in quantity demanded = [(30 - 50) / 50] x 100 = -40%
  • % change in price = [($24 - $12) / $12] x 100 = 100%

PED = -40% / 100% = -0.4 or |0.4| in absolute terms

the demand is price inelastic since |0.4| < 1

this means that the change in quantity demanded is proportionally less than the change in price.

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This job is either balanced between men and women, or is female-dominated completely, according to George Murdock. Based on his study, he concluded that men usually dominate in jobs such as pursuing sea mammals, hunting, and making weapons, whereas that is not the case with taking care of cattle.
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6 0
3 years ago
Considering the needs of a global audience is essential to success in the hospitality and tourism industry?
ozzi

Answer:

True

Explanation:

In simple words, the hospitality and tourism industry refers to the activities related to accommodation, restaurant and tourism etc. In such industries the main focus of the companies is the comfort and joy of their clients. This becomes difficult to implement as every individual have different needs and circumstances. Thus, the planning of activities should be made in such a way that it suited the global audience.

8 0
3 years ago
Creative Sound Systems sold investments, land, and its own common stock for $39 million, $15.9 million, and $41.8 million, respe
Mnenie [13.5K]

Answer:

Creative Sound Systems should report  $15,9 million as net cash flows from financing activities.

Explanation:

Consider only items relating to financing activities.

Cash flow from  financing activities

Proceeds from Sale of common stock         $41.8 million

Purchased of treasury stock                        ( $25.9 million)

Net Cash flow from Financing Activities       $15,9 million

8 0
3 years ago
Read 2 more answers
In hospitals, dashboards are often used to display performance measures on a routine basis. What type of dashboard tracks metric
Goryan [66]

Answer:

Abstract. Admission rate and length of stay (LOS) are two hospital performance indicators that affect the quality of care, patients' satisfaction, bed turnover, and health cost expenditures. the customer service dashboard reports hospital scores on issues such as meal quality, mortality rate and percentage of transfusions having adverse reactions. FALSEA customer service dashboard provides such scoring information as percentage of patients who would recommend the hospital to others and rating of such items as inpatient parking, courtesy of staff, cleanliness, caring of staff, meal quality, follow-up education and instruction, and pain management, as well as an overall satisfaction. Mortality rate would be reported on the clinical dashboard and percentage of transfusions having adverse reactions.

Explanation:

8 0
3 years ago
produces sports socks. The company has fixed expenses of $ 90 comma 000$90,000 and variable expenses of $ 0.90$0.90 per package.
antiseptic1488 [7]

Answer:

The contribution margin and the contribution ratio is $0.90 and 50% respectively.

Explanation:

The formula to compute contribution margin per package is shown below:

Contribution margin = Selling price per package - variable expense per package

= $1.80 - $0.90

= $0.90

And, the formula to compute contribution ratio is shown below:

= (Contribution per package ÷ selling price per package) × 100

= ($0.90 per package) ÷ ($1.80 per package) × 100

= 50%

8 0
3 years ago
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