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NARA [144]
3 years ago
14

At a price of $100, Beachside Canoe Rentals rented 11 canoes. When it increased its rental price to $125, 9 canoes were rented.

Calculate the absolute value of the price elasticity of demand for canoe rentals using the midpoint formula.
A) 2.
B) 1.25.
C) 0.9.
D) 0.75.
Business
1 answer:
zhuklara [117]3 years ago
4 0

Answer:

C) 0.9.

Explanation:

The calculation  of the price elasticity of demand is shown below:

Price elasticity of demand is

= (Change in quantity demanded ÷ average of quantity demanded) ÷ (Change in price ÷ average of price)

where,

q1 = 11

q2 = 9

p1 = $100

p2 = $125

So,

= {(9 - 11) ÷ (9 + 11) ÷ 2}  ÷  {($125 - $100) ÷ ($125 + $100) ÷ 2 }

= {-2 ÷ 10} ÷ {25 ÷ 112.5 }

= -0.9

= 0.9

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The first thing you should do when you receive a job application is read the entire document before you begin

completing it.

True

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2 years ago
Working with teammates who have different personality types is a requirement of productive team discussion. Which of the followi
Karolina [17]

Answer:

The correct answer is c. Conciseness

Explanation:

A concise person will very rarely discuss topics in depth to propose healthier solutions for everyone, therefore it is considered that he is not an important or required personality type in this type of discussions. Extroversion and acceptability are usually the most common and appropriate to this, so they develop a higher level of discussion and therefore a solution to the problems that are presented.

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3 years ago
In each succeeding payment on an installment note: Multiple Choice The amount that goes to interest expense increases. The amoun
pav-90 [236]

In each succeeding payment on an installment note (C) the amount that goes to decrease the carrying value of the note increases.

<h3>What is an installment note?</h3>
  • An installment note is a type of promissory note in which the principal and interest are paid in predetermined quantities, or set minimum amounts, at certain time intervals.
  • The loan is amortized through periodic principal reductions.
  • An installment note is a legal obligation or responsibility that compels the borrower to return the lender's principal in a series of periodic payments.
  • A lump sum note or balloon loan, on the other hand, demands the borrower to return the entire note principal on a certain date.
  • There is no payment schedule.
  • The amount that goes to reduce the carrying value of an installment note increases with each subsequent payment.
<h3>Solution -</h3>

As it is given in the definition above that the amount that goes to reduce the carrying value of an installment note increases with each subsequent payment.

Therefore, In each succeeding payment on an installment note (C) the amount that goes to decrease the carrying value of the note increases.

Know more about installment notes here:

brainly.com/question/24317141

#SPJ4

Correct question:

In each succeeding payment on an installment note:

A. The amount that goes to decreasing the carrying value of the note is unchanged.

B. The amount that goes to decrease the carrying value of the note decreases.

C. The amount that goes to decrease the carrying value of the note increases.

D. The amounts paid for both interest and principal increase proportionately.

7 0
2 years ago
WILL GIVE BRAINLIEST
Luba_88 [7]
I think that the answer would be A. I hope you forgive me if I am wrong
5 0
3 years ago
The expected average rate of return for a proposed investment of $4,250,000 in a fixed asset, using straight-line depreciation,
Sphinxa [80]

Answer:

A

Explanation:

Average rate of return is a capital budgeting method. It is used to determine if a firm should invest in a project or should not invest in a project

average rate of return = average net income / average cost of investment

average net income = (total net income - depreciation) / useful life

(8,500,000 - $4,250,000) / 20 = 212,500

Average cost of investment =( beginning book value of the investment - ending book value of the investment) / 2

($4,250,000 - 0) / 2 = 2,125,000

ARR = 212,500 / 2125,000 = 0.1  = 10%

4 0
3 years ago
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